The recent Bitcoin and crypto market crash has seen prices plunge into the red across the board. As a result, sentiment among crypto investors has plunged rapidly and this has caused the Fear & Greed Index to plunge into the Extreme Fear territory.
When a post is supposedly expected to push the BTC price up by 10% but ends up dropping it, what happens?
Bitcoin price shed nearly 4% after the US Nonfarm Payrolls (NFP) or US jobs data came in cooler than expectations. This sudden crash in BTC caused the crypto markets liquidations of nearly $300 million on September 6.
Bitcoin could experience more downward pressure leading up to the Sept. 18 US interest rate cut.
A widely followed crypto analyst is predicting Bitcoin (BTC) is nearing a massive breakout. Crypto trader Michaël van de Poppe tells his 724,100 followers on the social media platform X that BTC could soon soar if the Fed starts its rate-cutting process later this month.
Bitcoin price dropped sharply, falling below $53,000 as weak U.S. jobs data fueled concerns about a potential economic slowdown. The cryptocurrency plunged nearly 8% in less than 24 hours, reaching a low of $52,530 before recovering slightly.
Bitcoin (BTC) is showing signs of a potential bullish rebound, with the cryptocurrency's supply on centralized exchanges significantly declining. The flagship cryptocurrency has been striving to hold the $57,000 support level despite lingering concerns of further price drops in September.
The price of Bitcoin (BTC) has stalled after falling above the $53,000 mark. The largest cryptocurrency fell to a low of $52,756 before recovering.
Old-school commodities trader who has been in the business since as early as the 1970s, Peter Brandt, has addressed his followers with quite a gloomy comment on the situation Bitcoin has found itself in by now.
Long-time trader Peter Brandt is issuing a warning on Bitcoin (BTC) amid the formation of a bearish chart pattern on the flagship crypto asset's weekly time frame. Brandt tells his 737,000 followers on the social media platform X that Bitcoin is forming an inverted expanding triangle pattern on the weekly chart.
While Bitcoin continues its downward trend, HNT and STRK emerge as the top gainers in the altcoin market due to strategic network upgrades and community optimism.
Crypto traders with the necessary information had made smart decisions to exit the market before August and September bears took over. With the crypto market expected to rise again soon, the crucial question of how far the prices fall continues to linger in most traders.
DOGE is among the poorest performers now.
Bitcoin-based DeFi applications are gaining momentum, raising the possibility that they could surpass Ethereum's dominance in terms of total value locked (TVL) within the next two years. This emerging trend reflects Bitcoin's growing role in DeFi, challenging Ethereum's long-standing supremacy.
Bitcoin's (BTC) price has taken a significant hit, falling by 7% and dropping below $52,900 for the first time in over a month. This sudden decline has raised questions among investors and crypto enthusiasts alike. Several factors have contributed to this sharp drop, and understanding them is crucial for predicting Bitcoin's next moves. U.S.
U.S. spot Bitcoin exchange-traded funds (ETFs) have faced their largest outflows since May. On Tuesday, a staggering $287.78 million was withdrawn from these funds, marking a significant shift in investor sentiment.
On Friday, the cryptocurrency market's Fear and Greed Index plummeted to “extreme fear,” reflecting growing anxiety among investors as the Bitcoin price dipped to a weekly low of $53,700. This downturn marks a continuation of a broader sell-off that has plagued the market, particularly since Bitcoin struggled to maintain momentum above the critical $60,000 threshold.
The broader cryptocurrency market has recently come under strong selling pressure amid the collapsing tech stocks in the US equity market on Friday. With the BTC price crashing 5%, BTC critic Peter Schiff took a jibe at the asset showing how it is underperforming to Gold.
River predicts that within 18 months, about 10% of U.S. companies will invest roughly 1.5% of their cash reserves into Bitcoin.
Since the April 2024 Bitcoin halving, miners have faced profitability challenges, prompting new strategies including diversification into AI and renewable energy.
For years, Bitcoin's four-year cycles have been a staple in predicting its price performance. These cycles are tied to Bitcoin's halving events, where the reward for mining new blocks is halved, thereby reducing the rate of new Bitcoin entering circulation.
Crypto Prices Today (September 7): The broader market witnessed a price crash as U.S. jobs data and recession fears sparked volatility. Bitcoin (BTC) price sunk to the $53k level over the past day, whereas Ethereum (ETH), Solana (SOL), and XRP prices slipped 4-7%.
Jan3 CEO Samson Mow reiterated that fear-driven markets “never lasts long” because fundamentals usually “win out over time.”
Nvidia lost approximately $406 billion in value this week, driven by investor concerns over the US economy and an overhyped AI market.
Bitcoin (BTC) is at a crucial level after a sharp 15% retrace from recent local highs. While traders and enthusiasts speculate about the causes of this downturn, the consensus is clear: demand is weakening.
The Bitcoin network's 7-day average mining hash rate reached a new high of over 740 exahashes per second on September 7.
XRP finds itself at a critical juncture, approaching the crucial $0.52 support level. With Bitcoin's recent volatility impacting the broader market, investors are keenly watching to see whether XRP can withstand these pressures or if it will succumb to a bearish trend.
Sentiment in the cryptocurrency market has dipped into “extreme fear” after the price of the flagship cryptocurrency Bitcoin ($BTC) dropped to $53,500 in a massive downturn that has seen the space's total market capitalization dip below the $2 trillion mark.
Is all lost for Bitcoin, or is there more to come from BTC's price action?
The co-founder and managing partner of SkyBridge Capital, Anthony Scaramucci, has made a bold forecast for Bitcoin, predicting that its price could reach between $150,000 and $200,000 in the near future. This optimistic projection comes as Bitcoin wallets continue to surge, signaling increased adoption and investment in the cryptocurrency.
Bitcoin prices took a tumble today, falling close to 8% in less than 24 hours as markets responded to several bearish variables including lackluster jobs data.
With the Federal Reserve (FED) interest rate cut fast approaching, discussion about the event's impact on Bitcoin, the largest crypto asset has increased significantly within the community. However, a crypto analyst delving into the subject has predicted a similar price implication to that of past scenarios, particularly in 2019.
The native token of the Cardano blockchain, ADA, has lost around 12% of its value over the past week amid a wider cryptocurrency market decline that saw Bitcoin ($BTC) plunged to around $54,000 after losing 8% of its value over the same period.
As it gets closer to $55,000 the price of Bitcoin is still showing signs of weakness, and a decline to $52,000 is looking more and more likely. A bearish attitude has been evident in recent market data, especially among institutional investors, who have been withdrawing their money from exchange-traded funds related to Bitcoin.
Recent insights from Santiment reveal that Bitcoin is becoming increasingly less responsive to movements in the equities market. Historically, Bitcoin's price dynamics were closely tied to the fluctuations of major stock indices such as the S&P 500.
Bitcoin traders appear to be throwing in the towel and coming to terms with the reality that BTC price could fall below $50,000 in the short term.
Bitcoin has continued its bearish momentum as its price has now slipped below $56,000. Here's what could be behind this trajectory, according to CryptoQuant's Head of Research.
The sharp decline in the price of Bitcoin (BTC), the world's largest cryptocurrency, has taken a heavy toll on short term holders. Recent reports have revealed that many of these BTC holders are now in the red, suffering losses from the cryptocurrency's price crash and ongoing market volatility.
The recent crypto market crash has fueled fresh concerns among investors, especially after the recent US Job data cemented bets over a potential 0.5% rate cut by the US Fed. The US stock market has also noted gloomy trading today, while the crypto sector also moves in tandem with it.
Bitcoin adoption will surge in Venezuela for several reasons including backing my opposition leader Maria Corina Machado. Citizens have turned the largest cryptocurrency to negative economic conditions in the country.
Machado believes Bitcoin could help protect assets from government seizure and secure financial independence for the people.
Bitcoin, Ethereum, and nearly every other major coin and token has taken a battering over the past 24 hours as investors fast sell risk assets.
BitMex co-founder Arthur Hayes says Bitcoin is headed to $50,000 this weekend.
A key long-term price indicator for Bitcoin, the 200-day simple moving average (SMA) appears to be losing its bullish momentum as the US economy added fewer jobs in August 2024. Bitcoin Must Overcome The 200-Day SMA To Reverse Trend The 200-day SMA is considered one of the more reliable long-term indicators to gauge an asset's upcoming price action.
The bitcoin price has dropped below a key resistance level as the crypto market crashes under $2 trillion
The Bitcoin market is facing growing uncertainty, as highlighted by the Entity-Adjusted Net Unrealised Profit/Loss (NUPL) metric. This key indicator has shown a concerning shift in market sentiment, raising alarms about a potential crisis on the horizon.
Bitcoin price plunged as low as $53,334 on Sept 6 despite dovish figures from the latest US NFP reports, analysts flag a 39% decline in BTC network activity
Russia will prioritize using its energy for social development instead of Bitcoin mining, according to the Ministry of Energy. Energy Minister Sergei Tsivilev stressed that if there is a surplus in certain areas, this power can be supplied to legal and registered energy miners operating outside the “gray” zone.