Bitcoin

2024 - 7 - 4

Bitcoin Rollercoaster: From Highs to Lows Amidst Uncertainty

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Find out why Bitcoin is on a wild ride, dropping to two-month lows and sparking social media reactions. Will the market bounce back? #Bitcoin #Crypto

Bitcoin, the leading cryptocurrency, has been on a rollercoaster ride recently, experiencing significant fluctuations in its price. The digital currency dropped below its 200-day moving average, signaling a downtrend in the market. This downward trend has been exacerbated by factors such as uncertainty surrounding the US presidential elections and reports of outflows from Mt. Gox.

As Bitcoin plummeted to a two-month low, hitting the $57,000 mark, investors are closely monitoring the situation to gauge the next move in the market. Analysts attribute the price decline to various factors, including Mt. Gox repayments and concerns over US inflation and interest rates. The increased volatility has led to a surge in 'buy the dip' mentions on social platforms, indicating a mix of panic selling and potential buying opportunities.

In the midst of market uncertainties, Bitcoin also faced challenges with its 200-day trendline, experiencing a retest for the first time in 10 months. This critical support level saw a more than 2% dip in the currency's price, raising concerns among traders and investors. Despite the current turbulence, there is speculation about a potential market rally in the future, with some suggesting that stocks like NVIDIA Corporation, Robinhood Markets, Inc., and Coinbase Global, Inc. could boost portfolios.

Looking ahead, the QED Protocol, a zk-native execution layer for the Web3 ecosystem on Bitcoin, recently secured $6 million for scaling. This development highlights the growing interest and investment in Bitcoin-related technologies. Additionally, observations indicate that both Gold and Bitcoin may resume their uptrend soon, with Bitcoin's market influenced by regulatory changes, economic events, and overall market behavior.

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Image courtesy of "Coindesk"

Bitcoin Drops Below 200-Day Average, Brings Bull Market Trendline ... (Coindesk)

Markets that consistently trade below the 200-day moving average are said to be in a downtrend.

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Image courtesy of "Livemint"

Bitcoin at two-month low, hits $57000 level amid US election ... (Livemint)

Bitcoin at two-month low, hits $57,000 level amid US election uncertainty, Mt. Gox outflows. Bitcoin fell to its lowest level since May 2, and has lost more ...

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Image courtesy of "Reuters"

Bitcoin hits 2-month low on election uncertainty, Mt Gox flows (Reuters)

Bitcoin slid to a two-month low on Thursday, extending a month-long fall, as uncertainty over U.S. presidential elections and reports of bitcoin supply from ...

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Image courtesy of "Yahoo Finance"

Bitcoin Down to $57K: What's Going On? (Yahoo Finance)

The world's biggest crypto dropped below $59,000 on Thursday, July 4, 2024, hitting lows we haven't seen since late April.

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Image courtesy of "ReadWrite"

Bitcoin slumps below $59000 amid market uncertainty (ReadWrite)

Price decline attributed to Mt. Gox repayments and concerns over U.S. inflation and interest rates. Analysts expect continued volatility, with potential for a ...

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Image courtesy of "FXStreet"

'Buy the dip' mentions on social platforms surge as Bitcoin stumbles (FXStreet)

Crypto research firm Santiment tracked the total mentions of the phrase across the four platforms as crypto traders debated what stage of the bull market ...

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Image courtesy of "Cointelegraph"

Bitcoin price loses its 200-day trendline for first time in 10 months (Cointelegraph)

Bitcoin dipped more than 2% on July 4 as a key support line saw its first retest since October 2023. BTC/USD 1-hour chart. Source: TradingView ...

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Image courtesy of "CNA"

Bitcoin hits 2-month low on election uncertainty, Mt Gox flows (CNA)

Bitcoin slid to a two-month low on Thursday, extending a month-long fall, as uncertainty over U.S. presidential elections and reports of bitcoin supply from ...

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Image courtesy of "Yahoo Finance"

4 Bitcoin Stocks to Boost Your Portfolio Before the Next Rally (Yahoo Finance)

Stocks like NVIDIA Corporation (NVDA), Robinhood Markets, Inc. (HOOD), Interactive Brokers Group, Inc. (IBKR) and Coinbase Global, Inc. (COIN) are likely to ...

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Image courtesy of "Bitcoin News"

QED Protocol Raises $6 Million for Scaling With Bitcoin-powered ... (Bitcoin News)

PRESS RELEASE. HONG KONG, JULY 4, 2024 โ€” QED Protocol, the first zk-native execution layer for powering the Web3 ecosystem emerging on Bitcoin, announced.

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Image courtesy of "FXStreet"

Gold and Bitcoin may resume their uptrend soon โ€“ Can Bitcoin catch ... (FXStreet)

Gold has turned lower in the last two months, which has been expected as we saw market in fifth wave of an extended wave 3 after breaking to new ATH.

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Image courtesy of "FinTech Magazine - The FinTech & InsurTech Platform"

Bitcoin Market: Volatility, Regulation, and Economic Impact (FinTech Magazine - The FinTech & InsurTech Platform)

Explore Bitcoin's volatility influenced by regulatory changes, economic events, and market behaviour. Understand the factors driving its price fluctuations.

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Image courtesy of "Coindesk"

Decoding The $7B Decline in Bitcoin's Notional Open Interest (Coindesk)

While BTC futures OI has dropped, open interest in BTC terms has held steady.

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Image courtesy of "CNBC"

Bitcoin slides to two-month low as Fed signals it's not ready to cut ... (CNBC)

Bitcoin on Thursday fell below the $57000 mark for the first time since May 1, according to data from crypto ranking site CoinGecko.

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Image courtesy of "Markets Insider"

Bitcoin falls under $58000 as Mt. Gox selling pressure mounts (Markets Insider)

Bitcoin fell below $58000 on Thursday as selling pressure keeps pushing investors out. The drop signal a bigger correction is likely, FXPro says.

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Image courtesy of "Cointelegraph"

Bitcoin price falls to 2-month low, but derivatives markets reflect ... (Cointelegraph)

Bitcoin derivatives markets reflect strength, even as BTC price drops to a 2-month low.

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Image courtesy of "Cointelegraph"

Crypto startup launches tokenized US Treasury bonds on Bitcoin ... (Cointelegraph)

Hamilton has launched tokenized U.S. Treasury bonds on Bitcoin layer-2 blockchains Stacks, Core, and BoB, combining the stability of Bitcoin and the ...

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Image courtesy of "Bitcoin News"

Bitcoin Dips to $56952 as Market Reacts to Mt Gox and German ... (Bitcoin News)

On Thursday, July 4, 2024, the price of bitcoin fell below $57000, reaching a low of $56952 at 5:20 a.m. EDT.

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Image courtesy of "Bitcoin News"

RWA Startup Hamilton Tokenizes US Treasury Bills on Bitcoin L2 ... (Bitcoin News)

RWA startup Hamilton says the move aims to enhance financial accessibility and liquidity within the Bitcoin ecosystem.

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Image courtesy of "Livemint"

Bitcoin price slips below $56000; Ether, Solana, other cryptos down ... (Livemint)

Bitcoin price hit an all-time high of $73798 in March, buoyed by strong demand for inaugural US Bitcoin exchange-traded funds. However, the inflows in the ...

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Image courtesy of "Yahoo Finance"

Bitcoin Falls to Lowest Since February Even as Stocks Hit Record (Yahoo Finance)

(Bloomberg) -- Bitcoin sank for a fourth consecutive trading session, part of a wider crypto selloff that contrasts with recent record highs in global ...

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Image courtesy of "The Business Times"

Bitcoin drops for fourth day even as global stocks hit records (The Business Times)

BITCOIN sank for a fourth consecutive trading session, part of a wider crypto sell-off that contrasts with recent record highs in global stocks.

Bitcoin sinks 8% even as stocks hit record, Ether slides 9% (The Straits Times)

The world's largest digital token was down more than 10 per cent for the week. Read more at straitstimes.com.

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Image courtesy of "Reuters"

Bitcoin slides to four-month lows, ether sinks 8% (Reuters)

Bitcoin sank to a four-month low on Friday and was on course for its worst weekly performance in a year, hurt by uncertainty over whether Joe Biden will ...

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Image courtesy of "Coindesk"

Crypto Bulls Rack up $580M Liquidations as Bitcoin Drops 8 ... (Coindesk)

Traders previously warned of the bearish market reaction to Mt. Gox's bitcoin repayments.

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Image courtesy of "Forbes"

Crashing Under $50000? Bitcoin Is Suddenly Braced For Another ... (Forbes)

Crashing Under $50,000? Bitcoin Is Suddenly Braced For Another 'Crucial' $9 Billion Earthquake After $2 Trillion Ethereum, XRP, Solana And Crypto Price Wipe Out.

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Image courtesy of "Coindesk"

Mt. Gox Begins Repayments in Bitcoin and Bitcoin Cash (Coindesk)

The long-term impact of the repayments may be less severe, said WOO X COO Willy Chuang. Mt. Gox was one the leading crypto exchange, handling over 70% of ...

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Image courtesy of "CNBC"

Over $170 billion wiped off cryptocurrencies as market tanks on Mt ... (CNBC)

Cryptocurrencies plunged on Friday as investors get anxious about the planned payout of nearly $9 billion to users of collapsed bitcoin exchange Mt. Gox.

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Image courtesy of "WIRED"

After a 10 Year Wait, Mt. Gox Bitcoin Is Finally Being Returned (WIRED)

Former customers of bankrupt crypto exchange Mt. Gox are preparing to be reunited with their lost bitcoinโ€”and it's a $9bn windfall.

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Image courtesy of "Coindesk"

Bitcoin Traders Target $50K as Billions in BTC Selling Pressure ... (Coindesk)

The German government still has over $2.3 billion worth of bitcoin, Mt. Gox has more than $8 billion, and the US government has over $12 billion,โ€ one ...

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Image courtesy of "Forbes"

Bitcoin Slumps To $54000 As Defunct Exchange Mt. Gox Starts ... (Forbes)

Mt. Gox's repayments of around 140000 Bitcoins to its creditors have triggered concerns that many may try to quickly liquidate their returned assets.

Bitcoin may head towards $50000 as the crypto falls to a four-month ... (Morningstar.com)

The largest crypto by market capitalization (BTCUSD) fell to as low as $53,701 on Friday, according to Dow Jones Market Data. Bitcoin is trading at around ...

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Image courtesy of "Investor's Business Daily"

Mt. Gox Fallout Sends Bitcoin, Crypto Companies Down (Investor's Business Daily)

Bitcoin tumbled to above $55000, at four-month lows, amid bankrupt cryptocurrency exchange Mt. Gox's repayments to creditors.

Bitcoin's selloff sends crypto-related stocks sharply lower (Morningstar.com)

By Tomi Kilgore. MicroStrategy's stock heads for 5th straight loss, Coinbase shares drop toward 7-week low. Shares of cryptocurrency related companies were ...

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