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Prices have been moving fast in the cryptocurrency market on February 25, with hundreds of millions of dollars erased in a bloodbath that has taken Bitcoin (BTC) below $89,000 for the first time since November and Ethereum (ETH) below $2,400 for the first time since October. XRP, one of the most prominent tokens in the world, in no small part thanks to Ripple Labs’ long legal battle with the SEC, has not been spared either and has plunged a total of 18.50% in the last 7 days to its press time price of $2.11. XRP 7-day price chart. Source: Finbold Furthermore, having lost its previous and critical support level near $2.30, XRP now appears poised for an even greater crash, and a prominent on-chain analyst, Ali Martinez, is now predicting a fall to lows not seen since the early days of the Donald Trump re-election rally. Picks for you Pun...

As it turned out by December 27, the trade-off for Bitcoin’s (BTC) 61% climb in November from about $67,000 to above $108,000 was an almost complete lack of a ‘Santa Claus’ rally ahead and during Christmas, which resulted in the coin changing hands at $96,273 at press time. BTC 6-month price chart. Source: FInbold Indeed, BTC performance in the last 7 to 10 days has been so lackluster that numerous cryptocurrency and on-chain analysts have started forecasting a significant plunge for the digital asset, even if many of them still see a longer-term rally. Analysts forecast Bitcoin flash crash as BTC rejects breakout above $100,000 A major trigger for the bearish prediction has been Bitcoin’s recent inability to find a stable footing above $95,000. The world’s premier cryptocurrency has spent much of the last week trading roughly in the range between $92,000 and $99,000 though most of the trading has been closer to the lower bound. ...

After briefly crossing above $71,000 in early June, Bitcoin (BTC) has since entered into its biggest downturn of 2024. Indeed, the cryptocurrency first lost its relatively stable, multi-month level near $67,000 and then collapsed through several consecutive support zones. By July 5, Bitcoin price stood at $54,413 – the lowest it has been since late February. BTC 30-day price chart. Source: Finbold Though there are many possible explanations for BTC’s fall, investors have increasingly been looking at a convergence of events, all carrying the danger of significant selling pressure. Picks for you ChromaWay broadens Chromia's reach by partnering with the AWS Partner Network 1 hour ago Crypto bloodbath as $130 billion lost in a da...

For two consecutive quarters, Bitcoin (BTC), the world’s premier cryptocurrency, has been increasingly trading higher nearly tripling its price in six months’ time.  March has, however, proven that $70,000 per BTC is a tough level to hold, and, after hitting $73,000 – a new all-time high (ATH) – early in the month, the coin has been going through significant oscillations. While the onset of April brought, for the most part, the expectations of new and ever-greater ATHs, mostly due to the upcoming Bitcoin halving, one expert pointed out that the direction for the cryptocurrency is not yet entirely set. Picks for you DOGE to trigger a mega parabolic bull run 37 mins ago Elon Musk's SpaceX prepares Starship for reentry test 1 hour ago US economist declares gold superior to Bitcoin; Here’s why 2 hours ago 2 cryptocurrencies to reach $10 billion market cap in April 16 hours ago price -points">Crypto expert set Bitcoin’s crucial...

A mostly bullish sentiment dominates the cryptocurrency market, following Bitcoin’s (BTC) run to above $50,000. This level of greed encourages traders to massively open long positions, which could soon lead to a long squeeze. Essentially, a long squeeze is the opposite of a short squeeze , happening when long positions are liquidated in series. When traders open longs, it creates liquidity pools to the downside that can become targets for whales and market makers. If the price suddenly drops, reaching these liquidity pools, bull traders are liquidated and forced to sell their positions, dropping the price even further. For this reason, savvy investors usually argue that we should trade in opposition to the overall sentiment. Notably, Finbold retrieved data from CoinGlass on February 13, spotting meaningful long squeeze threats for the following days. Picked for you Terra Classic nears 100 billion burn milestone: Bullish for LUNC 2 hours ago Nearly $40 billion fl...

Bitcoin is still down 60% from its November 2021 all-time high so many traders are wondering if BTC price could crash further in the coming months. Bitcoin (BTC) is still in a bullish reversal when looking at this year's price chart. BTC price has gained 70% after bottoming out at around $16,800 in November 2022, defying rate hike fears while riding on growing ETF approval optimism.  However, in recent months, Bitcoin bulls have failed to sustain BTC price above $30,000. Therefore, with the "bullish" halving is still over 200 days away, many traders are wondering: is Bitcoin price going to cash again in the coming months?  Let's take a closer look at the possible scenarios as Q3 draws to a close. Fibonacci fractal hints at Bitcoin crash to $21,500 From a technical standpoint, Bitcoin price has stabilized around the 0.236 Fib line of its Fibonacci retracement graph drawn from the $69,000-swing high (the market top) to the $15,900-swing low (the local market bottom)...

The crypto market noted one of its deepest declines of 2023 a few hours ago. Bitcoin and Ethereum dropped by more than 7% each, bringing down their respective market caps to $515 billion and $202 billion, respectively. However, a particular whale shrewdly sold its assets right before the crash and shielded itself. A recent Analysis by Lookonchain revealed that the whale dumped 22,241 ETH worth $41 million before the flash crash . The sale was not profitable. He lost $1.7 million. However, enduring the loss helped him successfully dodge the market crash . The on-chain analytics platform pointed out that the whale could perhaps buy back assets at a much cheaper price going forward. Source: Lookonchain Also Read: $1 Billion Wiped Out Of Crypto Market Amid Bitcoin, Ethereum Crash Alongside, the Coinbase premium for BTC has risen by 3%. This could mean that Coinbase whale s have already started buying the dip. Contrarily, the rise could also be because of a whale entity du...