The recent performance of Bitcoin has left investors and traders disappointed as the leading cryptocurrency struggled to find solid ground in the ever-volatile crypto market. Not only has Bitcoin failed to impress, but it has also dragged down the prices of other large-cap assets, leading to significant losses across the board. The lackluster performance has
Bitcoin
Bitcoin is currently facing a downturn, with its value dropping below $64,000 to $63,564. This decline of 2.5% in the last 24 hours and 12% over the past two weeks has led to concerns among investors. However, Arthur Hayes, the co-founder of BitMEX, remains bullish on Bitcoin, advocating for investors to ‘buy the dip.’ His
The recent Bitcoin price crash below $66,000 has sent shockwaves through the market, resulting in over $90 million in liquidations within just 24 hours. Analysts are expressing concerns that the worst is yet to come, with crypto analyst Ali Martinez predicting a further 20% decline in Bitcoin’s price from its current level. Martinez’s analysis on
In the midst of significant turbulence in the cryptocurrency market, investors are turning to Bitcoin as a safe haven. With Bitcoin’s dominance reaching a nine-week high of 57%, it is clear that many see it as a stable asset amidst the chaos. Altcoins, on the other hand, are facing the brunt of the market sell-off,
The current state of Bitcoin, according to Travis Kling, Founder and Chief Investment Officer of Ikigai Asset Management, is characterized by being ~10% off of its all-time highs and on the brink of cannibalism. Despite the NASDAQ surging 16% since April 19, Bitcoin has shown relatively flat performance within the macroeconomic environment. This underperformance is
Growing up in Edo State, Nigeria, I was surrounded by a supportive family who instilled in me the values of perseverance and hard work. My siblings have always been my role models, guiding me through life’s challenges and helping me become the person I am today. My parents, in particular, have been the driving force
The recent trends in the crypto market have shown a shift in investor sentiment, as seen by the significant outflows in digital asset funds. After five weeks of consecutive inflows, last week witnessed a sharp turnaround with $600 million in net outflows, according to CoinShares data. This sudden change in trend has raised concerns among
Bitcoin has been experiencing a rough patch lately, with its price steadily declining, sparking fears of a prolonged bear market. However, amidst the gloom, there are some analysts who are picking up on faint bullish signals that could point towards a potential reversal. One such indicator is the Bitcoin Taker Buy Sell Ratio, which monitors
The latest data from CoinMarketCap reveals that Bitcoin has experienced a decrease in market price by 4.65% within the past week. This decline has left many investors concerned about the future performance of the cryptocurrency. Crypto analyst Ali Martinez has issued a price alert warning that Bitcoin could face further losses if it does not
Bitcoin has faced a significant amount of selling pressure over the past week, according to the latest on-chain data. Expectedly, this bearish pressure has had a notable impact on the price of the premier cryptocurrency. According to data from CoinGecko, the value of Bitcoin has declined by nearly 5% in the past seven days. On
