The recent performance of Bitcoin in the market has not been all sunshine and rainbows. The leading cryptocurrency has been facing a tough time over the past week, with significant losses across almost all large-cap assets. The trend of struggle seems to have gripped the crypto market tightly, leaving many investors concerned about the future.
Bitcoin
Bitcoin has experienced a significant decline today, dropping below the $64,000 mark to a low of $63,564. This represents a 2.5% decrease in the last 24 hours and a 12% decline over the past two weeks. Despite Bitcoin’s downward trend, Arthur Hayes, the co-founder of BitMEX, continues to maintain his bullish stance on the cryptocurrency.
The recent crash in the Bitcoin price, dipping below $66,000, has caused quite a stir in the market. Analysts, including crypto analyst Ali Martinez, are speculating that the worst may not be over yet. Martinez has made a rather bearish prediction, foreseeing a potential 20% decline in the Bitcoin price from its current level. This
Travis Kling, Founder and Chief Investment Officer of Ikigai Asset Management, recently delved into the current state of Bitcoin and the broader cryptocurrency ecosystem. He highlighted how despite the NASDAQ surging 16%, Bitcoin has remained relatively flat. This underperformance is particularly concerning given the repeated all-time highs set by US equity markets during the same
The current state of the cryptocurrency market is turbulent, with investors turning to Bitcoin as a safe haven during times of uncertainty. Bitcoin’s dominance has reached a nine-week high of 57%, highlighting its appeal as a relatively stable asset compared to the more volatile altcoins. With a market sell-off causing a $110 billion loss in
Born and raised in Edo State, Nigeria, Godspower Owie grew up among three siblings who served as his idols and mentors, shaping his understanding of life. However, it was his parents who played a pivotal role in his story, standing as the backbone of his support system. In times of both joy and adversity, they
The recent trends in the crypto market have shown a significant shift with outflows dominating after a period of consecutive inflows. This shift has raised concerns among investors and analysts about the potential impact on various digital assets. One of the key observations from the data provided by CoinShares is the significant outflows in Bitcoin
Bitcoin has experienced significant price fluctuations recently, leading to concerns about a prolonged bear market. However, there are some faint bullish whispers that suggest a potential reversal in the making. One such indicator is the Bitcoin Taker Buy Sell Ratio, which tracks the balance between buy and sell orders on exchanges. Despite the recent dip
Bitcoin has experienced a notable amount of selling pressure in the past week, leading to a decline in its value by almost 5% according to data from CoinGecko. This bearish pressure has caused the price of the premier cryptocurrency to drop to around $65,000 on Friday, June 14th, marking its lowest level in nearly a
Leading crypto analyst TechDev has recently provided valuable insights into the future trajectory of Bitcoin. According to TechDev, Bitcoin has not yet reached its full potential in the current market cycle, indicating that more price surges are on the horizon for the flagship cryptocurrency. In a recent social media post, TechDev highlighted the importance of
