The rocky road that Bitcoin (BTC) has been on for the past two months continues as a widely predicted move downward materialized in the early hours on Monday and dropped the price of BTC below $31,000. Data from Cointelegraph Markets Pro and TradingView shows that a wave of mid-day selling pushed the price of BTC to a low of $30,400 before bulls arrived to provide support and … [Read more...] about Institutional demand for Bitcoin evaporates as BTC struggles below $31K
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Bitcoin bounces off $31K after Bank of America greenlights BTC futures trading
Bitcoin (BTC) continued to bounce off $31,000 support during Friday as fresh data reinforced the importance of current price levels.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewNo trip to $42,000?Data from Cointelegraph Markets Pro and TradingView showed BTC/USD repeatedly testing but, so far, not breaking through $31,000 on Friday.A late surge to near $32,000 … [Read more...] about Bitcoin bounces off $31K after Bank of America greenlights BTC futures trading
Bitcoin sell-off continues as BTC nears $31K ahead of Powell’s speech
Bitcoin (BTC) price continued its downtrend Wednesday, ahead of testimony from Federal Reserve Chairman Jerome Powell.Spot BTC/USD exchange rate fell to its seventeen-day low of $31,600 following a 3.46% intraday dip. Meanwhile, CME futures tied to the pair plunged 3.41% to $31,515, extending their week-to-date losses to 9.5%.Bulls step in at $31.5K to buy the Bitcoin dip. … [Read more...] about Bitcoin sell-off continues as BTC nears $31K ahead of Powell’s speech
Bitcoin Whales Have Accumulated 30k BTC Between $31k and $40k
Bitcoin whales holding 100 to 10k BTC have accumulated 30k more coins in the last weekThe accumulation coincided with last weeks retest of $31k and rejection at $40,800Earlier today, Bitcoin dipped to $33,379 before bouncing back to $36,200All eyes are on the weekly close, monthly close and $30kBitcoin whales holding 100 to 10,000 BTC have accumulated 30,000 more bitcoins in … [Read more...] about Bitcoin Whales Have Accumulated 30k BTC Between $31k and $40k
Max pain scenario intensifies as Bitcoin drops to $31K, altcoins sell-off
Bitcoin (BTC) and the wider cryptocurrency experienced another wave of overnight selling which deepened on May 23 as the majority of tokens pummeled to multi-month lows. The market-wide sell-off resulted in the total cryptocurrency market cap shedding another $250 billion in value to $1.33 trillion. The total market cap has now experienced a 46% pullback from the May 11 … [Read more...] about Max pain scenario intensifies as Bitcoin drops to $31K, altcoins sell-off