Bitcoin (BTC) drops below $57K again amid strong selling pressure
Bitcoin drops below $57K due to major institutional sell-offs and market pressure. Short-term holders face unrealized losses, could trigger market volatility if they decide to cut their losses. $51K is a crucial support level and long-term investors might see this as a buying opportunity. Bitcoin (BTC) has once again slipped below $57,000 as its turbulent […]
Bitcoin drops $28.8k amid huge crypto record huge outflows
Bitcoin price fell to $28,800 across major exchanges as Ethereum hit lows near $1,800. Equities also showed signs of uncertainty with mixed trading recorded. Crypto investment products saw outflows totaling $107 million, the primary focus being BTC. Bitcoin traded near the $28,800 early afternoon on Monday as caution dictated overall sentiment across the market. Stocks […]
Bitcoin correlation with gold drops, highlighting risk-on nature remains
Key Takeaways Bitcoin’s correlation with gold is currently at its lowest level since FTX collapsed in November Our Head of Research writes that while one day Bitcoin may become a store of value, the numbers say it currently trades like an extreme risk-on asset Bitcoin lost 76% of its value amid the pullback in risk […]
Volatility lowest since January, but until it drops further, Bitcoin serves no purpose
Bitcoin’s volatility is a massive problem, writes our head of research, Dan Ashmore The volatility is the lowest since January, but that doesn’t provide much solace with regards to Bitcoin’s actual utility For Bitcoin to deliver on its potential, it needs to become boring, with volatility closer to gold’s famously steady return profile It’s relatively calm in […]
Bitcoin drops below $17,500 as Coinbase/Kraken report issues
Bitcoin price fell more than 12% to touch lows of $17,114 on crypto exchange Coinbase. Bitcoin declined more than 12% on Tuesday as a stunned crypto world descended into sell-off territory on news that Binance, led by Changpeng Zhao, had signed a letter of intent (LOI) for the acquisition of crypto exchange FTX. Bitcoin sell-off […]