The current market turmoil has taken a toll on the Bitcoin Fear & Greed Index, with the indicator plummeting to its lowest level in over three months. As crypto investors grow increasingly fearful and hold their investments from the market, this decline reflects a significant shift in sentiment. This article delves into the factors influencing
Bitcoin
The world of Bitcoin has been a turbulent one, with price volatility causing uncertainty among investors. In the midst of this chaos, one figure stands out, radiating unwavering optimism: Samson Mow, the self-proclaimed evangelist of the cryptocurrency. With his recent transition from Chief Strategy Officer at Blockstream to CEO of Jan3, a company focused on
Cryptocurrency analyst and enthusiast, Chris J Terry, has recently shared his insights on the price action of Bitcoin. According to Terry, the price of the leading cryptocurrency is expected to experience a continuous decline. He expressed this prediction to the cryptocurrency community on the social media platform X. Terry believes that this downtrend will persist
The price of Bitcoin has faced challenges in recent weeks, with a decline of over 3%. However, there may be hope on the horizon as the number of Bitcoin whales has shown a significant increase. This revelation comes from popular crypto analyst Ali Martinez, who used data from the on-chain analytics firm Glassnode to highlight
Fidelity’s Bitcoin spot ETF, known as FBTC, has made a significant impact on the market since its official launch on January 11. According to data from BitMEX Research, FBTC has witnessed a total inflow of over $1 billion within just five days of trading. This is a remarkable achievement, considering the recent dip in Bitcoin’s
Tether, the issuer of the world’s largest stablecoin USDT, has recently made a significant move in the crypto space by acquiring a staggering 8,888 BTC. This bold investment demonstrates Tether’s commitment to diversify and strengthen its portfolio, as well as its confidence in the future trajectory of Bitcoin. With this recent purchase, Tether now holds
Bitcoin Spot Exchange-Traded Funds (ETFs) have recently obtained approval, triggering excitement within the cryptocurrency industry. However, amidst this celebratory atmosphere, a different event has caught the attention of the community. Bitcoin miners, the backbone of the cryptocurrency network, have been engaging in an aggressive selling spree, causing concerns about the implications of this sell-off. Cryptocurrency
In a recent technical update, EGRAG Crypto presented a compelling case for the XRP price, suggesting a significant upward trend in the cryptocurrency. By analyzing the Average Sentiment Oscillator (ASO), an indicator that provides insights into market sentiment, EGRAG Crypto identified key patterns and historical comparisons that point to a potentially bullish outlook for XRP.
Bitcoin’s price is currently facing significant resistance below the $43,500 mark, jeopardizing its upward momentum. The cryptocurrency could potentially initiate another decline if it remains below the 100 hourly Simple Moving Average (SMA). This analysis will delve into the current state of Bitcoin’s price, assessing the potential factors contributing to its struggle and exploring the
The decentralized finance (DeFi) market has been witnessing significant activity recently, as whales, or large investors, have been accumulating substantial amounts of Maker (MKR) and Aave (AAVE) tokens. This trend of accumulation by whales coincides with a cooling-off period in the crypto scene following the approval of 11 spot Bitcoin ETFs by the United States