In a recent analysis provided by crypto analyst Zen, different scenarios for the Bitcoin price in July were outlined. The disappointing performance of Bitcoin in June, where the cryptocurrency saw a noticeable decline in price, has left many investors concerned. Despite the current unfavorable market conditions, Zen has identified key liquidity pools that could impact
Bitcoin
Opeyemi is a dedicated individual who has delved deep into the world of cryptocurrencies, even though it was not his initial career choice. His passion for unraveling the complexities of blockchain technology and staying up-to-date with the latest trends in the digital asset industry sets him apart as a proficient writer in this realm. Opeyemi
Cryptocurrency journalism is a fast-paced and ever-evolving field that requires a unique set of skills and knowledge. One individual who has made a significant impact in this space is Semilore Faleti, a dedicated writer with a passion for all things blockchain and digital assets. Semilore Faleti’s journey into cryptocurrency writing began with a general interest
Bitcoin is currently facing a critical juncture, with the price being rejected at $62,000. This has led to a clash in market sentiment between bulls and bears. While the bulls remain vocal in their support for a bullish continuation, the bears have emerged, speculating that the price could potentially drop even lower. The recent 15%
The recent decline in the price of Bitcoin can be attributed to various factors, with one of the major contributors being the large sell-offs orchestrated by governments. The German government’s decision to sell around 2,786 BTC, equivalent to roughly $140 million, sent shockwaves through the market. Similarly, news broke that the US government had moved
Bitcoin, often referred to as the digital gold, has had a rollercoaster ride in terms of price movements. The Bitcoin Rainbow Chart, a tool that analyzes price movements through a logarithmic scale, currently places Bitcoin in the “Buy” zone. This suggests that there is still room for growth before reaching a peak. Moreover, historical price
Bitcoin recently faced a significant rejection at the $62,498 resistance level, signaling a prevailing bearish dominance in the market. This failure to break through a critical threshold has raised concerns about potential downward trends and highlights the strength of selling pressure among traders and investors. As of the time of writing, the market capitalization of
The recent outflows in Spot Bitcoin ETFs have sparked concerns among investors, as they have now recorded seven consecutive days of outflows. These outflows, averaging around $100 million daily, have led to a total of $1.2 billion being pulled out from the funds so far. The correlation between these outflows and the decline in the
As the once-sizzling crypto market continues to sputter, with Bitcoin at the helm of the downturn, investors are left grappling with a period of uncertainty and frosty sentiments. The recent weeks have been marked by a mass exodus from Bitcoin, with a staggering outflow of $630 million recorded just last week. This retreat has not
Anthony Scaramucci, the founder of SkyBridge Capital, has made some interesting predictions regarding the future of Bitcoin in relation to the upcoming presidential election. He believes that if Joe Biden wins a second term, Bitcoin could reach new all-time highs (ATH) ranging between $170,000 and $250,000. This prediction is based on his belief that the
