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.
Markets that consistently trade below the 200-day moving average are said to be in a downtrend.
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 ...
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 ...
The world's biggest crypto dropped below $59,000 on Thursday, July 4, 2024, hitting lows we haven't seen since late April.
Price decline attributed to Mt. Gox repayments and concerns over U.S. inflation and interest rates. Analysts expect continued volatility, with potential for a ...
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 ...
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 ...
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 ...
Stocks like NVIDIA Corporation (NVDA), Robinhood Markets, Inc. (HOOD), Interactive Brokers Group, Inc. (IBKR) and Coinbase Global, Inc. (COIN) are likely to ...
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.
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.
Explore Bitcoin's volatility influenced by regulatory changes, economic events, and market behaviour. Understand the factors driving its price fluctuations.
While BTC futures OI has dropped, open interest in BTC terms has held steady.
Bitcoin on Thursday fell below the $57000 mark for the first time since May 1, according to data from crypto ranking site CoinGecko.
Bitcoin fell below $58000 on Thursday as selling pressure keeps pushing investors out. The drop signal a bigger correction is likely, FXPro says.
Bitcoin derivatives markets reflect strength, even as BTC price drops to a 2-month low.
Hamilton has launched tokenized U.S. Treasury bonds on Bitcoin layer-2 blockchains Stacks, Core, and BoB, combining the stability of Bitcoin and the ...
On Thursday, July 4, 2024, the price of bitcoin fell below $57000, reaching a low of $56952 at 5:20 a.m. EDT.
RWA startup Hamilton says the move aims to enhance financial accessibility and liquidity within the Bitcoin ecosystem.
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 ...
(Bloomberg) -- Bitcoin sank for a fourth consecutive trading session, part of a wider crypto selloff that contrasts with recent record highs in global ...
BITCOIN sank for a fourth consecutive trading session, part of a wider crypto sell-off that contrasts with recent record highs in global stocks.
The world's largest digital token was down more than 10 per cent for the week. Read more at straitstimes.com.
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 ...
Traders previously warned of the bearish market reaction to Mt. Gox's bitcoin repayments.
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.
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 ...
Cryptocurrencies plunged on Friday as investors get anxious about the planned payout of nearly $9 billion to users of collapsed bitcoin exchange Mt. Gox.
Former customers of bankrupt crypto exchange Mt. Gox are preparing to be reunited with their lost bitcoinโand it's a $9bn windfall.
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 ...
Mt. Gox's repayments of around 140000 Bitcoins to its creditors have triggered concerns that many may try to quickly liquidate their returned assets.
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 ...
Bitcoin tumbled to above $55000, at four-month lows, amid bankrupt cryptocurrency exchange Mt. Gox's repayments to creditors.
By Tomi Kilgore. MicroStrategy's stock heads for 5th straight loss, Coinbase shares drop toward 7-week low. Shares of cryptocurrency related companies were ...