Category: Bitcoin

Bitcoin inflows to centralized exchanges have surged, prompting bearish speculation the crypto markets could be building up to a violent wash-out. Lex Moskovoski, CIO at Moskovoski Capital, shared data showing that 22,917 BTC was transferred onto centralized exchanges in a single hour on May 18. Moskovoski noted the hourly inflow was the largest since the

Bitcoin may have lost 35% since its all-time highs of $64,500, but its current price is actually “logical.” That’s according to veteran analyst John Bollinger, creator of the Bollinger bands trading indicator. Bollinger: Current price action “can tell a lot” In a tweet on May 18, Bollinger, who is well known as a source of

As Bitcoin (BTC) tested the $43,000 support for the third consecutive day, whales bought the dip on derivatives exchanges. While there has been no significant price change, the Bitcoin futures premium reached its lowest level in six months. This indicator matches Dec. 11, 2020, when Bitcoin hit a $17,600 low just 10 days after making

Popular crypto analyst Lark Davis says Bitcoin traders shouldn’t sweat Elon Musk’s comments or Bitcoin’s (BTC) latest price dip. CoinGecko indicates Bitcoin has tumbled more than 20% in price in the past seven days at time of writing, likely due to Musk’s announcement last week that Tesla will no longer accept Bitcoin for purchases, citing

On May 18, Bitcoin (BTC) and the overall cryptocurrency market faced another round of selling as FUD — fear, uncertainty and doubt — impacted investor sentiment after Reuters and various social media outlets reported that China would ban financial institutions and payment companies from providing services related to cryptocurrency transactions. According to these reports, China

Despite the ongoing sideways trend in the cryptocurrency markets, Bitcoin (BTC) still remains a crowded trade. According to a new survey from Bank of America, this could indicate that the current bull cycle’s market top is still to come. Bank of America’s most recent fund manager poll suggests that the “long Bitcoin” bet is now

Elon Musk and COVID-19 have something in common: They have both panicked investors — at least once — into dumping their Bitcoin (BTC) holdings. The similarities notched up higher in the previous six days as Musk doubled down on his chaos-inducing perspective toward Bitcoin. The billionaire entrepreneur engaged in a Twitter spat with top cryptocurrency

Peter Brandt, who is known for predicting Bitcoin’s largest market crash in terms of US dollar value back in January of 2018, is sharing his thoughts on the current BTC correction. In a new tweet, the veteran analyst and trader says that the ongoing BTC pullback that saw the leading crypto asset plunge from its

Bitcoin (BTC) could drop to $29,000 and still be testing current support in line with past dips, claims CNBC’s “Chartmaster.” In an appearance on the network’s Fast Money segment on Monday, Carter Worth, chief market technician of Cornerstone Macro, warned that the BTC bottom may be far from in. Pick your average for a Bitcoin

The United States Federal Deposit Insurance Corporation is looking for information and public comments on banks’ cryptocurrency-related activities. The FDIC is the major provider of deposit insurance to U.S. commercial and savings banks, originally created to address bank runs during the Great Depression.  On Monday, the FDIC officially announced a request for public input to get