Tag: Price

Bitcoin Price to $65,000? Polymarket Odd Jumps to 72%

Key Notes Bitcoin price is currently trading at $77,752.83 after a weekend crash. Polymarket bettors say it could dip further below $65,000. Strategy Inc and other Bitcoin buyers have been affected by the massive price decline. Flagship cryptocurrency Bitcoin (BTC) is gradually losing momentum, causing market observers to suspect a further downtrend to $65,000. With the price now between $75,000 and $77,000, the odds favor further value decline, according to bets on the popular prediction markets platform Polymarket. Bitcoin Price Rests Around $77,000 According to CoinMarketCap data, Bitcoin price has…

Here’s why Bitcoin price is crashing today? (Feb. 2)

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Bitcoin price briefly fell to a nine-month low of $74,546 on Monday, as massive crypto liquidations and a drop in precious metal prices rattled global markets. Summary Bitcoin price fell to its April low levels on Monday. A spike in crypto liquidations and weakening gold and silver prices drove investors away from the bellwether. According to data from crypto.news, the Bitcoin (BTC) price fell 5.7% to an intraday low of $74,546 on Monday, Feb. 2, before settling at $76,473 at the time of writing. This latest drop has brought the…

XRP Price Stumbles Toward $1.50, Bulls Running Out Of Room

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Ethereum Price $2,200 Collapse Raises Risk Of A Sub-$2K Spike

Ethereum price started a major decline after it failed to clear $2,500. ETH is down 20% and is now struggling to stay above the $2,200 support. Ethereum failed to stay above $2,550 and started a fresh decline. The price is trading below $2,400 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $2,415 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,200 zone. Ethereum Price Dips 20% Ethereum…

Bitcoin Price Can’t Reclaim $80K, Putting $70K On The Radar

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Bitcoin price started a major decline below $80,000. BTC is down over 10% and might soon test the $70,000 support zone. Bitcoin failed to remain above $82,500 and started another decline. The price is trading below $80,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $79,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip further if it trades below the $75,000 and $74,000 levels. Bitcoin Price Dips Again Bitcoin price failed to remain…

Ethereum Price Slips Below $2,500 — Here Are The Next Support Levels

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The Ethereum price has been under intense bearish pressure over the past few weeks, reflecting the overall fragile state of the cryptocurrency market. The altcoin lost nearly 20% of its value in the past week, free-falling under the psychological $3,000 level since Thursday, January 29th.  With the market still showing signs of further downside risk, there is no telling how deep the Ethereum price will fall in the current bearish setup. However, the latest on-chain data has offered insights into the next critical levels for the second-largest cryptocurrency. ETH’s Next…

Ripple’s David Schwartz Destroys Argument For XRP Price At $100

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Discussion around XRP’s long-term price outlook picked up this week following remarks from David Schwartz during a Q&A exchange with members of the XRP community on X. The former Chief Technology Officer of Ripple and one of the original architects of the XRP Ledger weighed in on claims that XRP could realistically reach price levels between $50 and $100.  Related Reading Interestingly, Schwartz’s view wasn’t one of outright bullishness but on how markets actually price belief, probability, and conviction with a blunt reality check. Schwartz Refuses To Admit Or Dismiss…

Here’s why Bitcoin price is crashing today (Jan. 31)

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Bitcoin price continued its strong downward trend as ETF outflows accelerated, geopolitical risks rose, and the government shutdown continued. Summary Bitcoin price continued its strong downward trend on Saturday. The crash happened after Donald Trump nominated Kevin Warsh to be the next Fed Chair. It also dropped due to geopolitical risks, and the government shutdown started. Bitcoin (BTC) dropped below the key support level at $81,000 and hit its lowest level since October last year. It has moved into a bear market by falling by 35% from its highest point…

Bitcoin Historical Performance Shows How Low The Price Will Go Before A Bottom

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Crypto analyst Maelius has alluded to Bitcoin’s historical performance to provide insights into how low the flagship crypto could drop before it reaches a bottom. He also alluded to the BTC.d, which he explained shows that BTC has yet to reach a bottom.  How Low Can Bitcoin Drop Before Finding A Bottom In an X post, Maelius shared a chart indicating that Bitcoin could still drop below $60,000 before it finds a bottom. The analyst also highlighted the BTC dominance (BTC.d), which he noted usually crashes after the flagship crypto…