BTC

Bitcoin and Ethereum hovered just under key psychological levels, as the global cryptocurrency market cap declined 2.2% to $1.2 trillion at press time.

— Ali Martinez (@ali_charts)— Ali Martinez (@ali_charts) #Bitcoinwhales continue to exit the network! The number of addresses with a balance greater than 1,000 $BTCdropped to a three-month low of 2,237 addresses. — Ali Martinez (@ali_charts)— Ali Martinez (@ali_charts) #Ethereumwhales are buying the dip! Key whale addresses dumped a total of $710 million in USDT on Thursday — the single largest one-day dump from 100,000 to 10 million USDT addresses in Tether’s history, according to Santiment. In case there was any doubt on the seriousness of— Santiment (@santimentfeed) #Tetherlosing its $1 peg, key whale addresses have dumped a total of $710M in $USDTtoday. This is the largest one-day dump from 100k to 10M $USDTaddresses in #crypto's largest #stablecoin's history. The panic only worsened as Tether (USDT) — the largest stablecoin by market capitalization — started to lose its peg to the dollar as investors began to redeem the coin for dollars.

The latest moves in crypto markets in context for May 12, 2022. · Market Moves: Bitcoin traders took a beating overnight as long liquidations surged, while ...

Bitcoin slumped below $27000 Thursday for the first time in over 16 months as cryptocurrency markets extended their losses.

Economists have long feared that tether may not have the required amount of reserves to bolster its dollar peg in the event of mass withdrawals. Adding to investors' fears Thursday was a drop in the value of tether, the world's biggest stablecoin. Ether, the second-biggest digital currency, tanked to as low as $1,789 per coin. Digital currency investors often turn to them for safety in times of volatility in the markets. That's a risky gamble, not least because bitcoin is itself an incredibly volatile asset. That marks the first time bitcoin has sunk below the $27,000 level since Dec. 30, 2020.

Follow all the latest news, analysis and expert price predictions for bitcoin, as well as other leading cryptocurrencies like Ethereum, Solana, and Cardano.

Others warn that holding the $30k level could be critical for bitcoin’s short- to medium-term prospects. The coming hours and days could prove critical as to whether this trend can continue. The crash is continuing. Start your Independent Premium subscription today. There’s a lot of trees, a lot of landmarks, and even a “beautiful lookout in the volcano”. That volcano is going to be used to not only power the city with geothermal energy, but also provide the energy to mine bitcoin. Bitcoin is teetering on the precipice of an abyss, according to some crypto market analysts, with its price hitting its lowest level since July 2021.

Ethereum's native token, Ether (ETH), plunged to its lowest level in almost two months against Bitcoin (BTC) as a crypto market sell-off intensified on May ...

The ETH/BTC plunge coincided with the Bitcoin dominance index — a metric that measures Bitcoin’s market share against altcoins — climbing to nearly 45% on May 12, its highest level since November 2021. As a result of Ether’s slightly limited decline compared to Bitcoin’s, ETH/BTC has shown resilience despite the market downturn in 2022. But ETH faces a sequence of resistance levels as it pursues an upward continuation trend in the coming days. Conversely, ETH/BTC has been testing an upward sloping trendline, marked as “LTF support” in the chart above, as support since June 2021. The ETH/BTC trading pair fell by 7.5% to 0.0663 in the past 24 hours. Similarly, Bitcoin is down 63% from its all-time high of $69,000 in the same period.

Bitcoin fell below $30000 for the second time this week. However, today's plunge saw prices fall to their lowest level since December 2020.

Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. However, bears could still attempt to push this towards a floor of 19. Bitcoin fell below $30,000 for the second time this week, however today’s plunge saw prices fall to their lowest level since December 2020. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Similar to BTC, relative strength in ETH also fell to a multi-month low on Thursday, and is now trading below 25. Looking at the chart, the 14-day RSI is now at 23, which is still close to a five-month low.

The new firm, dubbed Lightspark, will focus on building backend infrastructure for companies that want to use the Lightning network.

Lightning is a protocol built on top of Bitcoin with the aim of supporting transactions that are smaller and less expensive. "We’ve always been big believers in Bitcoin’s unique history and role in crypto. "Downturns are good moments to focus on the work and create value with mission-aligned people," press documents shared with The Block noted.

The longtime bitcoin bull remains so, reminding that he's held the crypto through three 80% drawdowns.

The cryptocurrency declined toward $25,400 before quickly recovering back above the $27,000 support level. BTC is down by 2% over the past 24 hours and declined ...

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Further, BTC registered a countertrend reversal signal on the daily chart, per the DeMARK indicators. The cryptocurrency declined toward $25,400 before quickly recovering back above the $27,000 support level.

Legendary investor Bill Miller said he hasn't sold any Bitcoin (BTC-USD).

Altcoins saw significant sell-offs this week, and Bitcoin hit a new low last night of $26.6k. The stock market continues its bearish momentum today as investors ...

The high amount of realized loss suggests that Bitcoin hasn’t found its bottom yet. The cryptocurrency market will get through this challenging period and come out stronger than ever. It’s clear that serious investors are still buying Bitcoin and Ethereum and the long-term sentiment of the crypto assets remains bullish. With the recent rebound from its low, is the Bitcoin price in recovery? This means many people sold BTC and cut their losses this week. Is it a good idea to buy the dip?

The stablecoin price action is creating a big movement toward de-risking in the cryptocurrency market. This appears to be crypto winter. Plan accordingly. A ...

Bitcoin has broken below the $30000 level seen as a critical level of technical support. Click here to read our forecast for BTC-USD at the end of 2022.

We don't see a scenario where Bitcoin and the Nasdaq-100 ( QQQ) are going to diverge materially in terms of trending direction. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. A resolution to the Russia-Ukraine crisis may be positive for global growth expectations and add a bid to asset prices getting past a layer of uncertainty. Bitcoin has always been high-risk, but the message we have here is that it's even more speculative now. BTC is down 39% year to date compared to a 27% decline in NASDAQ. We note that the correlation between BTC and the NASDAQ has trended higher all year meaning both are moving relatively in sync on a day-to-day basis. It's true the price of Bitcoin is still up over the last several years and that many of the long-term bullish factors are still in play. The market respected that technical level in Q2 last year when it first tested $30k before the brisk rally to a new all-time in October. It's different this time, with the move under $30k likely triggering sell signals. The challenge with Bitcoin is that it's up against many of the same headwinds facing the broader market and other risk assets. If there is a silver lining, it's true that this isn't Bitcoin's first time at the selloff rodeo. For us, the $30k BTC price level represented a proverbial line in the sand. Trading down to its lowest level since Q4 2020, any purchase of BTC or nearly any other major cryptocurrency in the period is now underwater.

Analysts expect greater price swings because of macroeconomic risks and ongoing stablecoin woes.