The recent performance of Bitcoin has been less than stellar, casting a shadow over the entire crypto market. Not only has the leading cryptocurrency failed to see significant gains, but it has also struggled to maintain its value. This trend has been observed not only in Bitcoin but also in other large-cap assets, which have
Bitcoin
Bitcoin is currently experiencing a significant decline, with its value dropping below the $64,000 mark to a low of $63,564. This represents a 2.5% decrease in the last 24 hours and an overall 12% decline over the past two weeks. Amidst this downward trend, some experts, such as Arthur Hayes, the co-founder of BitMEX, are
The recent Bitcoin price crash below $66,000 has sent shockwaves through the market, resulting in over $90 million in liquidations within a 24-hour period. Despite this significant drop, analysts are warning that the worst may be yet to come. In particular, well-known crypto analyst Ali Martinez has made a bleak prediction, suggesting that Bitcoin could
Travis Kling, Founder and Chief Investment Officer of Ikigai Asset Management, recently shared his insights on the current state of Bitcoin and the broader cryptocurrency ecosystem. He highlighted Bitcoin’s underperformance relative to the broader macroeconomic environment, noting that despite the NASDAQ surging 16% since April 19, Bitcoin has remained relatively flat. Kling’s analysis raises questions
In the midst of significant turbulence within the cryptocurrency market, investors are shifting their focus towards Bitcoin, traditionally seen as the safest asset in the digital currency ecosystem. This shift has led to Bitcoin’s dominance reaching a nine-week high of 57%. While the market is in chaos, Bitcoin has emerged as a beacon of stability,
Growing up in Edo State, Nigeria, surrounded by supportive parents and inspiring siblings, I have always been driven to pursue excellence in everything I do. My journey into the world of cryptocurrency began three years ago, sparked by the success story of a friend who ventured into the crypto market and reaped substantial gains. Intrigued
Last week, cryptocurrency funds faced significant outflows following a period of five weeks of consecutive inflows. According to data from CoinShares, digital asset funds saw a total of $600 million in net outflows for the week ending on June 14. The outflows were particularly concentrated in Bitcoin and Solana funds, with $621 million and $0.2
Bitcoin has been experiencing a turbulent period, with its price steadily declining and concerns over a prolonged bear market looming. However, amidst this uncertainty, there are some faint bullish whispers that suggest a potential reversal may be on the horizon. One such indicator that analysts are closely monitoring is the Bitcoin Taker Buy Sell Ratio.
Bitcoin has faced a challenging week, experiencing a 4.65% decrease in its market price over the last seven days. Analysts, including Ali Martinez, have raised concerns about the potential for further losses if Bitcoin fails to secure a crucial support zone. Martinez emphasized the importance of Bitcoin rising above $66,254 to avoid a potential correction
Bitcoin has experienced a notable downturn in price over the last week, with on-chain data indicating a significant amount of selling pressure. One key factor contributing to this bearish trend is the action of Bitcoin miners. According to recent reports, miners have been actively selling off their BTC holdings in the open market. The most
