BTC invalidates double top formation
Bitcoin price rose to around $22,600 on Sunday after rallying 11% from below $20,000. Technical analyst Rekt Capital says Bitcoin has cancelled a double top formation. A successful retest of $21,700 zone could see BTC continue short term upside recovery. Bitcoin has retested the $22,600 level after dropping sharply to trade under $20,000 last week. […]
Bitcoin continues “boring action” as BTC hovers above $22k
Bitcoin on-chain exchange flows were $4 billion in and $4 billion out last week, Glassnode data shows. Crypto analyst Michael van de Poppe highlights BTC’s “boring price action” as bulls struggle above $22,000. BTC price saw downward action last week following a series of negative market related news. The global cryptocurrency market cap remains above […]
Bitcoin price prediction: BTC outlook after Silvergate and Tether news
Bitcoin price outlook after this week’s Silvergate and Tether news. BTC is hovering around $22,400 with key resistance near $23k amid a potential technical breakout to YTD highs. The $20k zone is a critical and psychological level for bulls. Bitcoin price remains constrained below $22,500 after posting a sharp decline on Friday following a combination […]
After 8 years, Mt. Gox creditors may start receiving their BTC this month
Mt.Gox Bitcoin exploit took place in 2014. The exploit remains the largest Bitcoin exploit in the history of cryptocurrencies. Mt.Gox creators may however start receiving their bitcoins this month. Mt.Gox creditors may have a reason to smile after the exchange’s January statement hinted that the creditors could start receiving their Bitcoin (BTC) this month. It […]
BTC touches $25k as crypto rallies
Bitcoin reached highs of $25,230 across major exchanges, its highest price level in over six months. BTC price moved above its 200-week moving average’ Analysts say bulls could target fresh gains as a bullish signal flashes. Bitcoin broke above $25,000 as the momentum that pushed the flagship cryptocurrency higher on Wednesday continued into Thursday. At […]
MicroStrategy BTC paper loss hits $1.3B but no plans to stop trading bitcoin
MicroStrategy registered $34 million in its first-ever bitcoin sale. The company registered a paper loss of over 1 billion in 2022. MicroStrategy made its first bitcoin purchase in August 2020. Despite making a paper loss of about $1.3 billion in 2022, MicroStrategy’s chief financial officer, Andrew Kang, said that the company will continue trading bitcoin. […]
30+ million Bitcoin addresses are in profit after BTC spike
Bitcoin addresses in profit is at a 9-month high of 30+ million. More unique addresses in profit were last above 30 million in early April 2022. Non-zero addresses also hit a 1-month high while addresses with 0.01+ BTC is at an all-time high. The number of Bitcoin addresses that are currently in profit has reached […]
Bitcoin price outlook after BTC break above $23k
Bitcoin’s rally from December lows after the FTX collapse surprised many investors, Glassnode says in its weekly report. Bitcoin could see further upside but a fresh buy signal is likely at prices around $28.3k. Selling pressure above $23.3k is more likely given short-term holders and miner push for exit liquidity. Bitcoin price remains poised near […]
Bitcoin bulls push BTC to highs of $23,300
Bitcoin hit highs of $23,342 on Binance, with a breakout above $22k extending year-to-date gains. BTC price is up 30% in a month and has recovered 47% since the decline to $15,500 lows. Short liquidations were around $376 million in the past 24 hours. Bitcoin price roared to highs above $23,000 on Saturday morning, rising […]
Binance and Huobi recover 121 BTC from Harmony bridge hackers
The Harmony bridge hack took place in June last year and over $100 million was lost 121 bitcoins have been recovered by Huobi and Binance security teams. The hackers were also moving ETH worth about $64 million over the weekend. Seven months after one of the largest cryptocurrency exploits of 2022 took place, industry players […]