Bitcoin's recent price dip has left investors uneasy as the leading cryptocurrency continues its downward trajectory. Following a months-long correction, which has seen Bitcoin lose over 20% of its value, analysts are predicting more trouble ahead.
Bitcoin fell below $54,000 on September 6, 2024, after cruising earlier in the day to $57,000 following the US nonfarm payrolls. The report showed that the economy added only 142,000 jobs in August, which was much below expectations and threw the crypto market into volatility.
Bitcoin's overall market outlook remains bearish with a sustained decline. Can this change?
Venezuela may soon join El Salvador as one of the few countries adopting Bitcoin as a strategic reserve asset.
The cryptocurrency market has been under pressure recently, with Bitcoin (BTC) trading below $50,000. Many analysts, including influential figures like Bit MEX CEO Arthur Hayes and trader Peter Brandt, have forecasted that the BTC price could drop even further.
Bitcoin (BTC) navigates through a period of heightened volatility, investors are closely watching for signs of a potential rebound in September. The cryptocurrency has experienced significant fluctuations, with its price recently swinging between $55,000 and $65,000.
SOL's next downtrend could shape what happens to the altcoin over the long term.
Bitcoin (BTC) has been making headlines not just for its price volatility, but also for a significant shift in its ownership landscape. More businesses than ever are investing in Bitcoin, now holding over 3% of all BTC in circulation.
Bitcoin (BTC), the world's leading digital asset, experienced a significant price drop this week, further stoking concerns about the market's future direction. As of Friday, September 6, Bitcoin was trading at around $56,786, marking a 4% decline for the week.
The cryptocurrency market has been under intense bearish pressure in recent weeks, with several large-cap assets including Bitcoin (BTC) and Ethereum (ETH) struggling to put in a positive shift. The past week was particularly drab for the two largest cryptocurrencies, as they posted double-digit losses in the last seven-day period.
A whale sold Bitcoin worth millions of dollars, but BTC might still turn bullish soon.
Solana (SOL), one of the leading cryptocurrencies by market capitalization, is witnessing a noteworthy rebound. After facing a challenging end to August, the asset has shown signs of recovery, with analysts forecasting a remarkable 62% price increase ahead of the highly anticipated Breakpoint event.
Russia is profiting from BTC-related activities, and people in the United States aren't happy about it.
Maria Corina Machado, head of the political coalition that contests the victory of Nicolas Maduro in Venezuela, has proposed establishing a bitcoin reserve for the country.
The Bitcoin price dropped below $54,000 on September 6 as the flagship crypto experienced a massive wave of sell-offs from traders. This price decline was sparked by developments on the macroeconomic side, which painted a bearish outlook for Bitcoin.
Tether's move to back a synthetic dollar with gold could enhance stability and transparency in the crypto market, especially amid regulatory scrutiny. The post Tether uses gold to back new synthetic dollar as gold is less volatile than Bitcoin, says Paolo Ardoino appeared first on Crypto Briefing.
TLDR Price forecasts suggest a Solana climb above $180 before the month's end. BNB targets $1,000 by Q4. IntelMarkets, the latest investor favorite, is tipped for a 5,000% gain after its launch. While often undesired, market dips provide the best entries.
A lack of demand growth is keeping Bitcoin's (BTC) price down, according to the head of research at the digital asset analytics firm CryptoQuant. Julio Moreno notes on the social media platform X that BTC demand is declining and “basically all valuation metrics are in bearish territory.
Smart Whale tracker Lookonchain has reported that a short while ago, Galaxy Digital transferred a hefty amount of Bitcoin to the Coinbase Prime exchange.
A new report suggests that US companies are expected to purchase $10.3 billion worth of Bitcoin over the next 18 months.
Nvidia is hot. But some billionaire investors think Bitcoin could be even hotter.
Bitfinex's BTC long positions hiked, raising questions about a likely local bottom.
Solana (SOL) is currently trading around $127, a critical level that could either support a recovery or lead to further declines. Throughout the year, this price point has frequently served as an important support for the altcoin.
Fidelity, a prominent player in the Bitcoin ETF space, has recently moved nearly 4,000 BTC from its custodial wallets. This significant shift follows a series of large-scale outflows from Bitcoin ETFs, reflecting broader trends in the market.
Three years ago today, El Salvador made history as the first nation to adopt Bitcoin as legal tender.
Bitcoin's price has been under severe pressure lately, dropping sharply below $54,000 in August. This recent downturn appears to be heavily influenced by institutional sell-offs, widespread concerns across the cryptocurrency market.
Bitcoin's price has dropped 12% since the last halving, with historical price patterns becoming less predictable.
As bitcoin dipped below $55K this week, something quite interesting happened behind the scenes. On Sept. 7, 2024, the network's computational power hit a new lifetime high.
After experiencing a significant price decline of 10% in the past two days, Bitcoin (BTC) is now poised for a price reversal, as shared by a crypto expert.
Bitcoin (BTC) is currently undergoing a notable correction as market fears surrounding the overall economy's health, exacerbated by disappointing jobs data, continue to grow.
September 7, 2021 was one of the most significant days in Bitcoin's history.
Crypto trader Peter Brandt has alerted the crypto community about a possible bearish trend for Bitcoin (CRYPTO: BTC), following his analysis of the cryptocurrency's chart pattern. What Happened: Brandt has said that Bitcoin appears to be forming an inverted expanding triangle pattern on its weekly chart.
The total assets held by Bitcoin funds has fallen to a multi-month low, while Ethereum ETFs log their lowest asset levels yet seen.
The first atomic SVM chain on Solana, Sonic SVM, has announced the launch of Hyperfuse Nodes, marking the first node sale in the Solana ecosystem. The sale offers participants access to Sonic's Solana Virtual Machine (SVM) technology and a potential opportunity to earn tokens.
A crypto analyst has revealed that the price of Bitcoin might be gearing for a fresh rally after the appearance of a bullish on-chain signal. Bitcoin UTXOs In Profit At Lowest Level Since 2023 — Here's Why In a QuickTake post on the CryptoQuant platform, an analyst with the pseudonym EgyHash shared an interesting on-chain insight into the Bitcoin price.
Network activity on the Bitcoin (BTC) blockchain seems to have stalled while it is dwindling on Ethereum (ETH), a report by Citi says. Network Activity Lukewarm On Bitcoin And Ethereum One of the key metrics used to ascertain user interest in a blockchain project is the measurement of its network activity.
Today Marks the 3 year anniversary of El Salvador declaring Bitcoin its legal tender. No other nation has shown this level of a gutsy move. El Salvador declared Bitcoin its legal tender on September 7, 2021 and following it, the Central African Republic did the same on April 22, 2022.
Bitcoin teeters on the edge of a major correction, with market volatility and whale activity pushing prices toward $50,000.
A widely followed cryptocurrency analyst and trader is leaning bearish on Bitcoin (BTC) while offering his opinion on two altcoins. Starting with Bitcoin, the analyst pseudonymously known as Sherpa tells his 222,600 followers on the social media platform X that Bitcoin is headed to a price of $45,000, around 20% below the current level.
The price of Bitcoin (BTC) dipped hard on Friday after the U.S. jobs report showed that growth was slightly less than expectations in August. The flagship crypto nosedived below $54,000 to its lowest level since Aug. 5.
Bitcoin ETFs have recorded their smallest outflow in a six-day streak, while Ethereum ETFs continue to experience significant withdrawals. The latest data from Farside Investors reveals critical insights into the current trends affecting these digital asset funds.
Solana (SOL), the fifth largest cryptocurrency by market capitalization, may be on the verge of a significant price correction, according to a recent market prediction. Ali Martinez, a crypto analyst, has highlighted a potential bearish scenario for SOL, which could trigger a substantial drop to as low as $90.
The Bitcoin market has been rocked by significant volatility, spurred by a combination of regulatory news, market reactions, and technical predictions. Bitcoin's value has seen notable fluctuations, driven by the uncertain regulatory landscape and investor sentiment.
Solana (SOL) has recently captured the attention of crypto traders as a significant buy signal has emerged, signaling a potential price rebound. After enduring a challenging phase in the broader cryptocurrency market, where many coins struggled to find upward momentum, Solana is showing signs of a comeback.
Lately, positive sentiment around the Spot Bitcoin Exchange-Traded Funds (ETFs) seems to have reduced drastically, prompting criticism from Gold advocate and economist, Peter Schiff. The economist argues that Bitcoin is a bad investment due to its inherent volatility and lack of intrinsic value when compared to more conventional assets like gold.
September has started with significant losses for the Bitcoin market after a price decline of 9.16% occurred in the last week based on data from CoinMarketCap. During this period, the price of the largest cryptocurrency has dipped below $53,000 reaching a price low last seen in early August.
Legendary trader Peter Brandt and long-time crypto skeptic Peter Schiff have clashed heads over the BTC/Gold debate.
Despite recent updates and developments, time hasn't been kind to ETH's performance.