Bitcoin Price
Bitcoin Whales Stay Away Even as Technical Indicator Flashes Oversold
Bitcoin's price slide appears overdone on technical charts. Still, demand from whales, or large crypto investors, remains elusive, signaling a low probability of a quick trend reversal higher. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Why Bitcoin’s $30K Level Is ‘Critical’
As bitcoin heads for its worst week in eight months after dipping nearly 50% from its November all-time high, Craig Erlam, senior market analyst at forex services firm Oanda, discusses key psychological thresholds to watch.
Bitcoin Short-Term Bounce Faces Resistance at $40K
Extreme oversold readings preceded an uptick in BTC.
El Salvador President Nayib Bukele’s McDonald Uniform for Twitter Profile Is All the Rage
El Salvador President Nayib Bukele announced Friday the nation bought 410 additional BTC for $15 million, totaling over 1,500 BTC. Bukele has since changed his Twitter icon to a McDonald’s employee after bitcoin shed 20% in the past week, referencing a meme of HODLers in their future career prospects when BTC crashes.
Korea Crypto Survey, China Hunts CBDC Talent
South Korea to include virtual assets in household finance survey. China’s central bank on hunt for CBDC talent. Bitcoin takes a beating amid market uncertainty. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Crypto Market Lost $1.3T Since November, Bitcoin and Ethereum Down 50% From All-Time High
Bitcoin’s price has been down 19% in the past seven days, the cryptocurrency’s worst weekly performance since May 2021. Marc Lopresti, managing director at asset manager The Strategic Funds, discusses his take on the new support and resistance levels to watch, identifying the potential bottom.
Bitcoin, Ether Still Perform Better Than Stock Indexes Since Feb 2020 Despite Sell-Off
Bitcoin continues to remain in sell-off mode descending below the key psychological $40,000 resistance level, and spiraling further still. The key to sustainable bitcoin price recovery is renewed institutional participation, which remains elusive.
Ether, Altcoins Tank, With Bitcoin as Decoupling Narrative Goes Up in Smoke
The developing narrative of ether and altcoins decoupling from bitcoin in an adverse macro environment went up in smoke Friday, as a sell-off in stocks and BTC caused extensive damage to the broader digital asset market. Is centralized liquidity dictating the market value of cryptocurrencies promising decentralization? Are we in a bear market?
Bitcoin Sell-Off Deepens Below $40K; Minor Support Nearby
A price drop to $37,000 could stabilize the current sell-off, although $30,000 is a more significant level to watch given the decline in long-term momentum.
Bitcoin Dips Below $40K During Broader Asia Market Sell-Off
For the second time this month, bitcoin has dipped below $40,000, hitting $38,642 mid-way through the Asia trading session. BTC is down by nearly 11.5% in the last 24 hours. MarketGauge Group Managing Director Michelle Schneider discusses the potential catalyst behind the market sell-off and whether BTC has further room to fall.
