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Bitcoin price drops below $42K, but analysts still expect ‘one more impulse’ move
by BTC price is back in a free fall as the price drops to $41,600, but analysts are still holding out …
Category: Bitcoin
What is Bitcoin (BTC)?
The first cryptocurrency Bitcoin (BTC) was designed in 2009 in order to become a peer-to-peer electronic cash system. Moreover, BTC is a virtual asset which is controlled by a decentralized network of users.
Some advantages to be noted is that BTC has made it possible to send and get money anywhere at any time. Even more, users are the only owners of their money, there is no higher authority needed. Also, any kind of transaction is possible no matter how much it is, it is totally safe and secure.
Bitcoin, also known as the brainchild of the unknown individual or possibly a group under the pseudonym Satoshi Nakamoto, Bitcoin, also named as ‘grandfather’ of cryptocurrency, the first well-known application of the novel blockchain ecosystem.
More so, the Bitcoin has a significant effect on the digital asset market by influencing altcoins. Moreover, BTC proves to be the most liquid digital asset which contains over 5,000 altcoin trading pairs.
This is The Next Key Resistance for BTC: Bitcoin Price Analysis
Following a steady weekend, Bitcoin maintains the $42K range. Considering the options market strike prices and the technical analysis, bitcoin is …
Top 5 cryptocurrencies to watch this week: BTC, NEAR, ATOM, FTM, FTT
If Bitcoin breaks above $45,500, select altcoins like NEAR, ATOM, FTM and FTT could turn bullish in the short-term. Bitcoin …
Bitcoin dips below $42K as new forecast says breakout ‘most probable outcome’ for BTC price
The latest “death cross” on the Bitcoin daily chart is swept aside in favor of buy-in signals and an “eventual” …
Data shows Bitcoin traders’ neutral view ahead of Friday’s $750M BTC options expiry
Derivatives data suggests that, sentiment-wise, pro traders are still neutral on Bitcoin’s price prospects ahead of Friday’s $750 million options …
Bitcoin dip below $40K follows Fed signal of a possible fourth rate hike in 2022
BTC’s abrupt drop to $39,650 came after the Federal Reserve floated the prospect of a fourth rate hike in 2022. …
Bitcoin drops below $40K for first time in 3 months as fear set to ‘accelerate’
Volatility comes right on cue as the loss of $40,000 sparks a tussle with swings of $1,000 up and down. …
Here’s why Bitcoin traders say a drop to $38K is the worst case scenario
BTC’s drop to $42,230 sent a key sentiment indicator to an “extreme” low, but top traders are confident that a …
Wait and see approach: 3/4 of Bitcoin supply now illiquid
Around 76% of the total circulating Bitcoin supply is now illiquid according to on-chain analytics from Glassnode. Bitcoin markets have …
Bitcoin traders expect $60K by month’s end, marking $45K as ‘accumulation’
Analysts predict a short-term drop to $46,000 for BTC before it resumes its uptrend, which could see its price rise …
