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Market Wrap: Bitcoin Descends to $31K as Ether Funding Rates Drop

Very low spot volume Thursday isn’t helping bitcoin’s price.

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Bitcoin Flickers Near $35,000 as Bond Yields Drop; A Detailed Outlook

Bitcoin wobbled between gains and losses on Wednesday as traders measured on-chain sell-off signals against the drop in the benchmark bond yields. The flagship cryptocurrency surged around 0.5 percent to $34,335 ahead of the New York opening bell. It was trading at $35,233 on Coinbase exchange at its intraday high, pointing to bullish attempts to […]

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Where does this 28% Bitcoin price drop rank in history? Not even in the top 5

At 28%, this weekend’s BTC price action was decidedly average compared to the cryptocurrency’s run-up to 2017 all-time highs. Bitcoin (BTC) may have dipped 28% in recent days but analysts have already put the scale of the losses firmly in context.  As noted on Jan.12 by Nathaniel Whittemore, host of The Breakdown Podcast, the period […]

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Bitcoin’s Big Drop Again Coincides With Dollar Bounce in Forex Markets

Bitcoin’s crash Monday came alongside a bounce in the Dollar Index.

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Binance Coin (BNB) closing in on $40 as Bitcoin continues to drop

The previous weekend has been kind to Bitcoin (BTC), allowing its price to hit a new all-time high (ATH) at $28,288. However, as the new week started, the leading cryptocurrency started seeing a strong correction that already took it to $26,600. Meanwhile, Binance Coin (BNB) approaches its previous ATH, promising to make a new record. […]

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Here’s why pro traders barely flinched at today’s 8% Ethereum price drop

Derivatives data and trading volume show investors are still bullish on Ether price even after today’s drop to $596. On Dec. 17 , Ether (ETH) price rallied to $677, its highest level since May 2018, and it seems the top altcoin’s price was driven by Bitcoin’s (BTC) swift move above $21,000. It’s also possible that […]

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Ethereum Defends Pivotal Technical Level Despite Yesterday’s Drop

Ethereum and Bitcoin underwent a strong drop the other day after days of consolidation. Ethereum slipped from the $590 region to lows around $550, marking a strong decline for the cryptocurrency that had benefited so much from the ETH2 launch. Ethereum was falling alongside BTC. The market was seemingly dropping as a result of the […]

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Bitcoin Volatility Kicks Into Overdrive After ATH Set, 7% One Hour Drop Follows

Bitcoin price yesterday shocked the finance world by setting a new all-time high. With resistance around this area still strong, and with so many cryptocurrency investors in profit for 2020, extreme FOMO and profit-taking is causing wild volatility resulting in more than $1,000 intraday moves. This morning, exactly that happened, when after retesting yesterday’s peak, […]

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Why Bitcoin price just lost $16K in a 'typical' weekend drop

Despite the weekend, the price of Bitcoin has seen volatility within the past 12 hours as stacked sell orders at $16,500 likely caused the drop. The price of Bitcoin (BTC) has seen volatility within the past 12 hours. The top cryptocurrency fell from $16,400 to $15,750 within hours, rejecting sharply after surpassing the $16,000 resistance […]

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TA: Ethereum Could Narrowly Avoid a Major Drop if it Closes Above $380

Ethereum extended its decline below the key $365 support against the US Dollar. ETH price is correcting higher and it must surpass $380 for to avoid another bearish wave. Ethereum started a decent upward move after it tagged the $360 level. The price is now trading nicely above the $370 level and the 100 hourly […]

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Bitcoin Bulls Rejected Hard At $11,500 Retest, Rapid $250 Drop Follows

Bitcoin price is experiencing a surge of intraday volatility, rocketing $150 in minutes then collapsing more than $250 just moments later. Here’s what is going on in the top-ranked cryptocurrency and what to watch for as price action to develops. Triangle False Breakout Rejects Bulls Back Below Resistance At $11,500 Bitcoin’s notorious volatility is back […]

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Analysts Fear a Bitcoin Drop Towards the $9,600 CME Gap as Price Plunges

Bitcoin could soon move towards the crucial CME futures gap at $9,600, formed when the cryptocurrency surged from the $9,000s in late July and early August. The CME futures is closed on the weekends, despite Bitcoin spot markets still trading. This forms natural gaps in the CME’s price action, many of which are filled within […]

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Sub-$10K Bitcoin price caused $653M open interest drop, largest since March

Pro traders bullish sentiment softened after Bitcoin futures open interest fell in tandem with traditional markets which also recorded notable losses. Bitcoin (BTC) futures open interest just had its most extensive daily reduction in five months. Yesterday’s 11% drop move caused more liquidations than May 9 when BTC plunged 12.5% to $8,600. BTC futures open […]

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CME Bitcoin [BTC] Futures Sees Largest Drop in OI Since Launch: Report

The futures monthly contract on CME saw the strongest declines in its history post-expiration on Friday. While the price of the monthly contract for August closed ($11,350) around the opening ($11,630) itself. The high and lows of the futures contract on CME were $12,625 and $11,115. Apparently, the massive short position closing towards the end […]

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Analyst on Why Ethereum’s Bullish Market Structure Is Intact After Strong Drop

Like most other crypto assets, Ethereum has slipped lower over the past four days. After peaking on Monday, all cryptocurrencies have retraced as Bitcoin has fallen lower seemingly due to a rise in the value of the U.S. dollar against foreign currencies. Ethereum has actually underperforming Bitcoin in this retracement, dropping around 11.5% from its […]

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Bitcoin Risks Deeper Drop if Dollar Rebounds

The bitcoin price could pull back even further should the dollar stage a full-blown recovery on the back of the latest Fed meeting.

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Top Bitcoin Mining Pools See 15% Hash Rate Drop Amid Continuous Rainstorms in China

Major Chinese bitcoin mining pools are each seeing daily hash rate drops between 10 to 20% as continuous rainstorms in Sichuan disrupt power supply.

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Number of Bitcoin Cash Whales Drop Following 39% Price Surge

The number of Bitcoin Cash investors holding at least $3M dropped by 10 since Aug. 1 following the price surge to more than $311. Following a 39% price surge at the end of July, at least 10 Bitcoin Cash whales have left the network, possibly trading or selling their millions in holdings.  According to Crypto […]

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First Mover: The Dollar Drop May Have Helped Push Bitcoin Past $11K

As the U.S. dollar’s value slides, prices are suddenly rising for just about everything priced in dollars.

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These 3 Signs Indicate Bitcoin Could Drop After 20% Explosion to $11.5k

Bitcoin has extremely strong price action over recent days. At the highs of the rally on Monday, the leading cryptocurrency traded as high as $11,500 on leading margin exchanges. There remain signs that BTC could undergo a strong retracement after surging as high as $11,500. This comes in spite of the fact that BTC is […]

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Despite Bitcoin Surge Towards $10k, Analyst Thinks a Drop to $7k Is Possible

It’s been an impressive past few days for the Bitcoin market. The leading cryptocurrency started the week at around $9,200, but now BTC trades at $9,700 after managing to benefit from a rally in the price of Ethereum. With the recent price action, analysts argue that Bitcoin is primed to see an explosive move higher […]

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BTC Options Traders Are Not Betting on a Short-Term Bitcoin Price Drop

Crypto analysts have recently suggested that Bitcoin options traders are flipping short-term bearish but data shows this is not the case. Bitcoin’s (BTC) consistent failure to break the $9,400 level over the past three weeks has led to some analysts becoming skeptical about the chance of a positive breakout.  Although the $9,000 support has been […]

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Here’s How Low Bitcoin Needs to Drop Before it Can Take Aim at $15,000

Bitcoin posted a strong reaction to its recent dip into the sub-$9,000 region The support here has since allowed the cryptocurrency to climb over 2% towards a critical near-term resistance level How it trends from here could depend on the resolution of a pennant that has been formed over the past couple of weeks One […]

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