Everything you need to know about BTC coin
The collapse of the crypto exchange FTX has served as a massive blow to the entire crypto space. The broader cryptocurrency market has once again selling pressure as Bitcoin tanks over 5% slipping under $16,000 for the first time in two years. As a result, the BTC has touched a new 2022-low and is currently…
Bitcoin is currently trading below the 200-day simple moving average (SMA). The 200-day SMA has been signaling SELL for the last 311 days, since Dec 31, 2021. The price of Bitcoin is currently below the 50-day SMA and this indicator has been signaling SELL for the last 14 days, since Oct 25, 2022. The most…
Bitcoin price has been losing its strength over the last 24 hours. The coin has continued to face rejection at the $21,000 mark, causing the bulls to lose their momentum. Over the last 24 hours, the coin has lost 1% of its value, indicating that at the moment, BTC is consolidating on its chart. The…
According to our current Bitcoin price prediction, the value of Bitcoin is predicted to drop by -4.18% and reach $ 19,867 by November 1, 2022. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 32 (Fear). Bitcoin recorded 14/30 (47%) green days with 1.83% price volatility over…
What is “usually” an OTC transaction signals change is afoot among 2018 bear market buyers, says Whalemap. Bitcoin worth over $600 million moved for the first time since the last bear market on Oct. 18, analysis has revealed. In a Twitter thread, monitoring resource Whalemap flagged a transaction involving 32,000 BTC. Buyer could be “willing…
According to our current Bitcoin price prediction, the value of Bitcoin is predicted to drop by -9.08% and reach $ 17,409 by October 17, 2022. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 20 (Extreme Fear). Bitcoin recorded 12/30 (40%) green days with 3.61% price volatility…
Global rate hikes are putting downwards pressure on asset prices, but Bitcoin is starting to outperform commodities and tech stocks. Senior commodity strategist at Bloomberg Intelligence, Mike McGlone, stated October has historically been the best month for Bitcoin (BTC) since 2014, averaging gains of about 20% for the month, and that commodities appearing to peak…
As the very first cryptocurrency, Bitcoin (BTC) still has the largest market capitalisation in the crypto market as of 16 September 2022. It has managed to move far beyond being a peer-to-peer version of electronic cash to becoming a store of value and a hedge against inflation. In 2021, BTC’s value surged from $29,374.15 on…
Among asset classes, Bitcoin has had one of the more volatile trading histories. The cryptocurrency’s first significant price increase occurred in 2010 when the value of a single bitcoin jumped from just a fraction of a penny to $0.09.1 The cryptocurrency has undergone several rallies and crashes since it became available. This article offers insight…
A variety of hardware and software can be used to mine Bitcoin. When Bitcoin was first released, it was possible to mine it competitively on a personal computer. However, as it became more popular, more miners joined the network, which lowered the chances of being the one to solve the hash. You can still use…
