Tag: drop

68% of Bitcoin supply in loss after BTC price drop

Bitcoin supply in loss has risen to 68%, with 6.67 million BTC under water water at current spot price. Indeed, on-chain data shows 2.71 million BTC has fallen into loss as Bitcoin price dropped from the $31k local top. With sell-side risk ratio approaching its all-time lows, Glassnode analyst James Check says BTC could see […]

Apes give up as ApeCoin (APE/USD) now stares at a possible drop below $3

ApeCoin has lost the battle at the resistance of $4.2 The cryptocurrency has been hit by the general weak crypto sentiment APE could drop to $3 if the bear pressure mounts ApeCoin (APE/USD) traded at $3.5 as the cryptocurrency came under bear pressure from the $4.2 resistance. Buyers have been defending the $4.2 resistance for […]

Bitcoin price prediction: How low can it drop?

Bitcoin price continued consolidating in Monday as a somber mood engulfed the cryptocurrency industry. The coin was trading at $16,760, which was slightly above last week’s low of $15,528. It has plunged by over 22% from its highest level this month, making November a nightmare for the coin. Somber mood engulfs the crypto industry Bitcoin […]

Bitcoin could drop below $16k as the bearish trend continues

Bitcoin has lost more than 20% of its value over the last seven days and could record further losses this week. The cryptocurrency market has recorded perhaps its worst week so far this week. Bitcoin and the other leading cryptocurrencies have been underperforming over the past few days. Bitcoin, the world’s leading cryptocurrency, has lost […]

More pain for Solana (SOL/USD) after a 50% drop

A seven-day loss of more than 50% sees Solana (SOL/USD) trading at half the value the previous week. The loss is the biggest among the cryptocurrencies in the top 100 categories, except for the embattled FTX exchange. SOL now trades at the lowest level since March 2021. Despite the magnitude, the cryptocurrency could fall further […]