Bitcoin appeared to stabilize on Sunday after an unusually harsh sell-off, but the largest cryptocurrency was still on track for its worst weekly performance in eight months.As of press time, bitcoin (BTC) was changing hands just below $35,000, up 1.6% over the past 24 hours. More than $1.5 billion of bitcoin trading positions were liquidated over the past three days due to … [Read more...] about Bitcoin Heads for Worst Week in 8 Months as Traders Lament 'Pikachu Pattern'
Animoca Brands, an investor in non-fungible token (NFT) and metaverse projects, raised almost $360 million at a valuation of $5.5 billion.The funding round represents a doubling in Animoca's value in less than three months. The venture capital firm raised $65 million at a $2.2 billion valuation in October last year.Liberty City Ventures led the round, which included … [Read more...] about Animoca Brands Valuation More Than Doubles to $5.5B in Three Months
“There are a number of SPACs and IPOs that will look to close in the first half of 2022, such as Core Scientific, PrimeBlock, Rhodium and Griid,” Luxor Mining’s co-founder and Chief Operating Officer Ethan Vera said. These companies looking to go public not only face a correction in crypto prices but also an increasingly crowded market, he added. Source link … [Read more...] about Miners Going Public Amid Bitcoin Slump Face Tough Months Ahead
Meanwhile, the Relative Strength Index (RSI), a price-chart indicator, for bitcoin slid to favorable levels in European trading hours on Tuesday after reaching overbought conditions last Friday. The tool calculates market momentum for assets, and an overbought level implies prices are overvalued and may be primed for a trend reversal or corrective price pullback. Source link … [Read more...] about Bitcoin Long-Term Holders Stay Strong Despite $20K Drop From Last Month’s High
Bitcoin (BTC) hovered around $54,000 on Nov. 28 as the upcoming weekly close showed signs of hitting two-month lows.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBuyers keen at $53,000Data from Cointelegraph Markets Pro and TradingView followed a quiet 24 hours for BTC/USD after Friday's $6,000 red candle.Although quiet into Sunday, the pair nonetheless dipped … [Read more...] about Bitcoin risks lowest weekly close in 2 months but BTC buyers stock up at $53K