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Há 7 horas · A “cascading long squeeze” of Bitcoin ( BTC) could explain the asset’s recent drop to 53-day lows as miners continue to sell, according to a Bitcoin analyst. “Speculators kept adding to ...
Há 7 horas · Historical Post-Halving Performance. Rekt Capital (@rektcapital) analyzed Bitcoin’s performance in post-halving periods, referring to the event where Bitcoin mining rewards are halved, theoretically increasing its scarcity. “BTC has not broken the high nor lost the low of its ReAccumulation Range in any post-halving period.
Há 5 horas · In contrast, the second chart focuses on the past 12 months, from mid-2023 to mid-2024, showing a significant decline in the percentage of supply in profit. After reaching a peak of approximately 100% in March 2024, just before the Bitcoin halving event, the metric has since dropped to 80% by June 2024. This decline mirrors the price drop from ...
Há 1 dia · Bitcoin price tumbled 6% on Monday, June 24th, sinking to a 50-day low of $59,825, as bears seek a 3rd consecutive negative weekly outing. On-chain data shows how swings in BTC miners’ trading ...
Há 9 horas · Prominent crypto traders are speculating over Bitcoin’s price after the halving event on April 20. This event cut Bitcoin miner block rewards by 50%, from 6.25 BTC to 3.125 BTC. Crypto trader Jelle said Bitcoin’s price action is still playing out “similarly” after the 2016 halving cycle and is “chopping around the previous cycle highs.”
Há 7 horas · According to Odaily Planet Daily, market data shows that BTC/USD has fallen by 7% so far in June. Analysts believe that the factors that have exacerbated the volatility of the cryptocurrency market this week mainly include: 1. The US unemployment data to be released on June 28; 2. The revised US second quarter GDP data; 3.
Há 3 horas · BTC Bounces Back Above $61K. The BTC price went off a cliff yesterday, plunging to a low not seen since the beginning of May. As seen in the chart below, the cryptocurrency tumbled to somewhere around $58,400 before staging a recovery. This uptick in volatility caused a lot of liquidations in the futures market.
