Bitcoin has reached these lowest points since last week and Ethereum has fallen back to the Bollinger bands in technical analysis. It could be minimized since the 2020 periods, with ETH falling through 881 on Saturday. Bitcoin, on the other hand, is on its way to hold $19,910, which is the horizontal support trend. BTC…
Why Did Cryptocurrencies Rise?
As a result of the Binance purchase, liquidity started to rise. . According to Coinmarketcap data, the total liquidity between the two goes up to 874. However, this isn’t the first time Binance has made a dip. The giant stock market also bought a amount of Bitcoin in January. Investors seem emboldened as more Bitcoins…
The Theory That Bitcoin Price Won’t Drop Below Record Level In The Previous Cycle Seems To Have Crashed
Some crypto investors had theorized that the BTC price would never fall below the previous record level. Although this theory worked in the decline in 2018, it seems to have lost its validity with the price action in the current cycle. During the rally in 2017, the BTC price rose to $19,783 which was the…
Big transfer from Bitcoin miners
Although we saw slight increases in risky assets after the Fed, these increases did not last long, with the increase in the rhetoric about recession. Yesterday, the US stock markets closed with a sharp decline. With the NYSE closing, the Dow Jones fell 2.42 percent, the S&P500 fell 3.52 percent and the Nasdaq lost 4.08…
What is Bitcoin?
Bitcoin is a cryptocurrency, a virtual currency designed to act as money and a form of payment beyond the control of any person, group or organization, thus eliminating the need for third parties to participate in financial transactions. Blockchain miners are rewarded for the work done in verifying transactions and can be purchased on several…