Bitcoin ‘bear market confirmed’: Watch these BTC price levels next
Bitcoin traded 20% below its all-time high of $126,000 as key onchain and technical indicators suggested that BTC has entered a new bear market.
Bitcoin traded 20% below its all-time high of $126,000 as key onchain and technical indicators suggested that BTC has entered a new bear market.
Bitcoin’s price reaching $250,000 too quickly could lead to a “blow-off top” moment, where investors would scramble to take profits, says a macro analyst.
Bitcoin dropped another 2% to start November as network data warned of a potential BTC price dip below the $100,000 support level.
Bitcoin price has surged 85% since Mt. Gox began repayments, proving fears of a massive sell-off were overblown as demand easily absorbed supply.
Santiment says online Ether chatter turned bullish, but the Crypto Fear & Greed Index tracking wider market sentiment remains at “Extreme Fear.”
Mastercard’s rumored $2-billion crypto deals could bring 24/7 settlement to traditional finance, but liquidity, risk and compliance may slow it down.
Jan3 founder Samson Mow also argued that fears of Bitcoin OGs selling are overblown and traders should focus on the next bull run, rather than “self-owning themselves.”
Stream Finance is investigating a $93 million loss and has paused deposits and withdrawals, which has caused its stablecoin to depeg to $0.50.
The FTX Recovery Trust dropped a motion to limit payouts to creditors in countries including China, which holds about $380 million in claims.
While Bitcoin and Ether ETFs saw continued outflows this week, Solana ETFs bucked the trend, extending their winning streak to seven days.