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 the substantial drop, analysts are warning that the worst may not be over just yet. Crypto analyst Ali Martinez has expressed a bearish outlook, suggesting that Bitcoin could still see
Bitcoin
Travis Kling, Founder and Chief Investment Officer of Ikigai Asset Management, provided his insights on the current state of Bitcoin and the broader cryptocurrency ecosystem. According to Kling, Bitcoin is approximately 10% off its all-time highs, with a timeline that seems to be on the verge of cannibalism. Despite the NASDAQ surging 16% since April
In the midst of significant turbulence within the cryptocurrency market, investors are turning to Bitcoin as a safe haven asset. This shift in behavior has led to Bitcoin’s dominance reaching a nine-week high of 57%, highlighting the increasing preference for the leading cryptocurrency amidst market chaos. As investors seek stability in uncertain times, altcoins are
Growing up in Edo State, Nigeria, with a supportive family and inspiring siblings, I have always been encouraged to explore my interests and passions. However, it was not until three years ago that I stumbled upon the world of cryptocurrency, thanks to a friend’s success story in the field. This encounter sparked my curiosity and
The cryptocurrency market has seen a significant shift in investor sentiment in recent weeks, with outflows from digital asset funds totaling $600 million for the week ending June 14. This marks a stark contrast to the preceding five weeks, which saw a consistent influx of funds into the market. The outflows were particularly concentrated in
The recent price decline of Bitcoin has sparked concerns about a prolonged bear market in the cryptocurrency world. However, amidst the pessimism, there are faint whispers of optimism that suggest a potential reversal might be on the horizon. One of these glimmers of hope comes from the Bitcoin Taker Buy Sell Ratio, a metric that
The recent on-chain data regarding Bitcoin has shown a significant amount of selling pressure, resulting in a decline of nearly 5% in the past week. This downward pressure has been attributed to Bitcoin miners actively participating in the open market by offloading more than 1,200 BTC in a single day. With the selling of around
Crypto analyst TechDev has provided insights into the Bitcoin future trajectory. According to him, Bitcoin has yet to reach its full potential in this market cycle and more price surges lie ahead. TechDev highlighted in a post on X (formerly Twitter) that blowoff tops for Bitcoin only occur after the four-week Chaikin money flow (CMF)
The world of cryptocurrency is always full of surprises, with Bitcoin being one of the most popular and talked-about digital assets. Despite recent price fluctuations that saw Bitcoin drop from $69,000, the currency is still holding strong with bulls maintaining support above $67,000. This article will delve into the analysis provided by Crypto analyst CryptoCon
The landscape of the Bitcoin market is experiencing a shift in investor behavior, with new players embracing short-term trading strategies while seasoned hodlers remain steadfast in their convictions. A recent report by Bitfinex Alpha delves into this dichotomy in investor behavior, shedding light on the dynamics at play in the market. The emergence of spot