Despite the recent drop in Bitcoin price below $60,000, the majority of Bitcoin investors are still seeing profits in their positions. According to data from the on-chain tracker IntoTheBlock, around 83% of the approximately 53.57 million Bitcoin holders worldwide are currently in profit, even as the price hovers just above $56,000. This leaves only 17%
Bitcoin
The recent price crash in Bitcoin has sparked concerns among investors and analysts alike. Jacob Canfield, a trading mentor at the Trading Mastery, predicts a potential further decline in the Bitcoin price based on historical patterns observed in Bitcoin’s pricing trends. Canfield’s analysis highlights the tendency of Bitcoin to retest yearly open levels throughout the
Veteran trader Peter Brandt recently made a prediction regarding the price of Bitcoin, suggesting that it could potentially drop to as low as $44,000. This forecast was based on a technical indicator that indicated a bearish outlook for the flagship cryptocurrency. Brandt specifically mentioned the possibility of Bitcoin completing a double top, which is a
The month of July has not been kind to the Bitcoin and crypto market, contrary to earlier expectations. Several events have significantly shaken the market, such as the delayed debut of Spot Ethereum ETFs on July 2nd and reports of large BTC sell-offs by the US and German governments. These occurrences have contributed to a
Opeyemi, a skilled writer, did not originally choose the digital asset industry as his primary focus. However, after diving into the realm of cryptocurrencies over two years ago, he found himself captivated by its complexities. Now, Opeyemi takes pride in unraveling the intricate details of blockchain technology and sharing his insights on the latest trends
Semilore Faleti is a cryptocurrency writer with a specialization in journalism and content creation. His journey in the world of cryptocurrencies began with a wide range of subjects, but he quickly discovered his talent for unraveling the complexities within the blockchain and cryptocurrency space. What draws Semilore to digital assets is their efficiency in storing
Bitcoin’s price has been fluctuating wildly in the past few hours, with a sudden drop below $54,000 on July 5, reminding investors of the intense volatility associated with the market. Over the past seven and thirty days, Bitcoin has been down by 7% and 20.25%, respectively. This unpredictable nature of Bitcoin’s price movements has caught
The impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox has stirred significant market anxiety. This amount represents 0.68% of the total Bitcoin supply and is slated for distribution among the exchange’s creditors. Large transfers of 52,633 BTC in recent hours suggest preparations for a large-scale disbursement, raising concerns among market observers
Cryptocurrency expert Michael van de Poppe recently pointed out a crucial indicator suggesting a potential bounce for Bitcoin, following its dip below $60,000. Van de Poppe highlighted in a social media post that Bitcoin’s CME gap has closed, indicating a possible relief bounce from its current price level. According to his analysis, Bitcoin is expected
The recent crash in the crypto market has left investors in a state of panic, particularly those holding Bitcoin and altcoins. The price of Bitcoin has been falling steadily, leading to tens of thousands of traders losing their positions and facing significant losses. In just the last 24 hours, the market has seen a substantial
