Whales are accumulating bitcoin, what does this mean for the market?

Binance spot trading volume soars on whale purchases of BTC. Despite the bitcoin (BTC) bear market, there are signs of significant buying by large whales, CryptoQuant CEO Ki Young Ju noted on Twitter. These BTC purchases could indicate that there are entities that are seeing an investment opportunity at current prices, below USD 20,000. Binance’s spot BTC trading volume rose … Read more

CoinEx Launches ‘Market Overview’ Feature for Cryptocurrency Trading

Trading on CoinEx is now more comfortable, easier and provides you with more information. Learn about the new feature that will allow you to better navigate the market. The ‘Market Overview’ feature allows the trader to observe new statistics in real time. Rankings, distribution of orders, distribution of price changes are the added functions. According to its official announcement, CoinEx … Read more

What is a bitcoin futures contract?

Bitcoin futures contracts offer traders greater flexibility and access to leverage for greater exposure. Futures contracts are a type of financial derivatives that allow the trader to speculate on the price movements of assets such as commodities, stock indices, or cryptocurrencies, such as bitcoin. Bitcoin futures contracts allow you to speculate on the price of bitcoin at a future date. … Read more

What are the factors that can sink bitcoin further or give it back its bullish momentum?

June ends with bitcoin’s worst monthly close since 2011, down 37%. If the control of inflation in the US works, the markets will resume the boom. Ending the first half of the year, the bearish outlook in the bitcoin market is accentuated. June is about to close with the biggest monthly losses since 2011, around 37%, while the price drop … Read more

Bitcoin price falls from 20,000 dollars and challenges its history in the market

At the time of writing this article, bitcoin is trading above $19,100. So far this week, the drop exceeds 27%. What market analysts and investors feared has finally happened: the price of bitcoin broke the level of 20,000 dollars downwards this Saturday, June 18, which also implies the breaking of a historical pattern for the cryptocurrency in the market. During … Read more

Dogecoin fell 93% from its maximum and Elon Musk is sued for “inflating” its price

Dogecoin lost almost all of its value following the surge in social media. Its price drop intensified in the general bear market for cryptocurrencies. The price of the cryptocurrency dogecoin (DOGE) fell 93% from its all-time high 14 months ago. The depreciation has caused it to lose almost all the growth it had had, driven by the massive sales of … Read more

Bitcoin price bottom may take months to materialize, says Glassnode

The effective price is $23,340, according to Glassnode. Bitcoin touched the $20,000 band on Monday before returning to $22,000. Amid the collapse of the bitcoin (BTC) and cryptocurrency markets, it is not yet certain that the market has bottomed, Glassnode notes in its latest analysis. The current phase may last between 8 and 24 months before the market really bottoms … Read more

Is Bitcoin a currency or an investment? The answer could depend on your pockets

Bitcoin and gold forecast

The report collected information from 9,500 people around the world. Lower-income people tend to be less optimistic about the future of Bitcoin. The versatility and potential of Bitcoin have allowed it to be seen as a tool for various purposes. Among these, its purpose as an investment instrument stands out as an asset to obtain future profits, and as a … Read more