Browsing: Bitcoin

Bitcoin Dominance Drops Sharply: What Does It Mean for the Cryptocurrency Market? Bitcoin, the first and most widely recognized cryptocurrency, has historically held a dominant position in the digital currency space. Known as “Bitcoin Dominance,”… (via Bpaynews real-time desk)

Bitcoin dip Wang Feng has announced that he started purchasing Bitcoin after its price fell below $100,000. This decision reflects his strategy to capitalize on market fluctuations. Feng’s approach involves buying during downturns, a tactic… (via Bpaynews real-time desk)

Bitcoin transfer Mt. Gox has transferred $956 million worth of Bitcoin as market prices experience a downturn. The movement of these funds comes amid ongoing volatility in the cryptocurrency market. Investors are closely monitoring the… (via Bpaynews real-time desk)

The total open interest of Bitcoin contracts across all exchanges has decreased by about 30% from its peak this year, signaling a reduction in liquidity and speculative activity. This decline suggests that fewer traders are… (via Bpaynews real-time desk)

The U.S. Bitcoin Spot ETF reported a net outflow of $220.1 million yesterday, marking the fourth consecutive day of outflows. This trend indicates a continued withdrawal of funds from the ETF, which has raised concerns… (via Bpaynews real-time desk)

$BTC Gemini’s co-founder has stated that this is the final opportunity to purchase Bitcoin for under $90,000. He emphasized the significance of this moment for potential investors. The co-founder believes that the current price point… (via Bpaynews real-time desk)

Bitcoin is currently experiencing a significant drawdown, trading below $94,000, as market volatility continues to impact its value. Recent market indicators suggest that there may be potential stabilization in the near future. However, this situation… (via Bpaynews real-time desk)

Bitcoin is currently facing uncertainty as the Relative Strength Index (RSI) for $BTC shows an oversold signal. This development raises questions about the future trajectory of Bitcoin. An oversold RSI typically suggests that an asset… (via Bpaynews real-time desk)

Two Technical Signals Hinting at a Bitcoin Bear Market The cryptocurrency market is notorious for its volatility, drawing in traders and investors eager to capitalize on its frequent fluctuations. Among all cryptocurrencies, Bitcoin holds the… (via Bpaynews real-time desk)

Arthur Hayes suggests that Bitcoin could decline to $80,000 before initiating a new phase of “money printing” rally. Hayes, known for his insights on cryptocurrency markets, emphasizes the potential for this dip as a precursor… (via Bpaynews real-time desk)