Drops

Bitcoin Drops Below $50K; Support Between $43K-$45K

Bitcoin Drops Below $50K; Support Between $43K-$45K

Buying activity remains weak, which reduces the chance of a significant price increase into January. Dec 9, 2021 at 6:34 p.m. UTC Updated Dec 9, 2021 at 6:54 p.m. UTC Bitcoin’s four-hour price chart shows support/resistance levels with RSI in second panel. (Damanick Dantes/CoinDesk, TradingView) Source link

First Mover Asia: Bitcoin Drifts Lower After Taproot Upgrade; Ether Drops

First Mover Asia: Bitcoin Drifts Lower After Taproot Upgrade; Ether Drops

Good morning, Here’s what’s happening this morning: Market Moves: Bitcoin’s highly anticipated Taproot upgrade fails to produce any noticeable price pop. Technician’s take: Short-term upside appears to be limited given the loss of positive momentum. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $64,514 …

First Mover Asia: Bitcoin Drifts Lower After Taproot Upgrade; Ether Drops Read More »

Crypto crime drops, but Bitcoin-ransomware increased in 2020!

Crypto crime drops, but Bitcoin-ransomware increased in 2020!

Blockchain analysis firm Chainalysis found that cryptocurrency-related crimes fell by more than 53% last year and that crypto activity that was connected to crimes was a mere 0.34% of transaction volume or $10 billion worth of transfers. This is still much lower than criminal activity numbers reported in 2019, which represented 2.1% ($21.4 billion) of …

Crypto crime drops, but Bitcoin-ransomware increased in 2020! Read More »

Bitcoin Price Tests $9.4K as Demand for Put Options Drops

Bitcoin Price Tests $9.4K as Demand for Put Options Drops

Bitcoin’s price is gathering upward momentum as traders buy fewer put options, which are bearish bets on the top cryptocurrency.  At press time, bitcoin was changing hands near $9,400, representing a 2% gain on the day, according to CoinDesk’s Bitcoin Price Index. On a week-to-date basis, the cryptocurrency is now reporting over 8% gains. Bitcoin’s …

Bitcoin Price Tests $9.4K as Demand for Put Options Drops Read More »

Bitcoin Drops as Traders See Bearish Signals in Futures Markets

Bitcoin Drops as Traders See Bearish Signals in Futures Markets

Bitcoin slid Monday to its lowest point in the past seven days, with traders saying bearish signals are appearing after the cryptocurrency’s 30 percent rebound from a market bottom in mid-March. After recovering from the depths of the coronavirus-induced sell-off, bitcoin repeatedly failed to break above a price of $7,400.  Bitcoin (BTC) prices fell Monday …

Bitcoin Drops as Traders See Bearish Signals in Futures Markets Read More »