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
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
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 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
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
The price of bitcoin this Monday 30 exceeded the closing price of May 10. Since the local low on May 27, the bitcoin price has recovered 11.2%. The rally in the price of bitcoin (BTC) this Monday, May 30, which closed at USD 31,779, managed to reverse the decline of the last three weeks and exceed the closing price of … Read more
LUNA2 was priced at almost $20 at launch and is now at $6. Several exchanges have listed the cryptocurrency, enabling withdrawals, deposits, and trading. Do Kwon, the co-founder, and CEO of Terraform Labs, the creator of the Terra (LUNA) cryptocurrency, announced this Saturday the launch of the new Terra 2.0 blockchain, with which they intend to revive the failed LUNA … Read more
Bitcoin has depreciated 1% every day for the last month, highlights Glassnode. Analysts agree that demand is likely to continue to decline due to current market fundamentals. Bitcoin (BTC) turns ten days today without exceeding the USD 30,000 band, at the same time that its minimum price has been rising, behavior that shows that, although there is demand, it is … Read more
Gucci customers will be able to make payments with more than 10 cryptocurrencies. Customers from New York, Los Angeles, Miami, Atlanta, and Las Vegas will be able to pay with bitcoin. Gucci, the famous Italian luxury goods firm, launched a pilot program that will allow payments to be made with bitcoin and other cryptocurrencies in five of its stores in … Read more
Last Monday, May 10, USD 6.5 billion entered the exchanges. BTC liquidations grew 150% in the last 24 hours. The bitcoin (BTC) market posted the largest sell-off volume since March 2020 on Thursday as its price found support at $25,000, before rallying above $28,000. On the other hand, BTC settlements in the last 24 hours reach USD 2.2 billion, according … Read more