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Data shows the Bitcoin spot trading volume has slightly gone up after the rally but is still significantly lower than the average for the 2nd half of 2022.
As per the latest weekly report from Arcane Research, there has been low speculative activity in the BTC market recently. The “trading volume” is an indicator that measures the total amount of Bitcoin being transacted on the Bitwise 10 exchanges on any given day.
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 5, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
CoinDesk
The latest price moves in bitcoin (BTC) and crypto markets in context for September 1, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
CoinDesk
Data shows the crypto futures market has observed almost $ 350 million liquidations during the past 24 hours as Bitcoin briefly slipped below $ 20k.
Around $ 348 Million In Crypto Futures Got Liquidated In The Last Day
In case anyone doesn’t know what a “liquidation” is, it’s ideal to first get a basic understanding of how margin trading works before diving into the data.
Whenever investors open a crypto futures trading contract on derivatives exchanges, they first have to put forth some initial collateral, called the margin.
The latest price moves in bitcoin (BTC) and crypto markets in context for August 22, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
CoinDesk
Bitcoin funding rates have been on a bearish trend in recent months. It has now spent one of its longest stretches in neutral and below neutral territory. But even with the recovering prices and sentiment in the crypto space, the funding rates have refused to mirror the trend. Instead, it has spent another week below neutral, painting a grim picture of how traders are viewing the market presently.
Traders Do Not Expect Recovery
Bitcoin funding rates are a good indication of when traders expect some form of recovery in the coming days. Since the market crash in June, the rate has refused to record any significant positive momentum, indicating that bitcoin traders do not expect a recovery going forward.
CNBC’s Jim Cramer is a controversial figure in the crypto space. The host of the popular show “Mad Money” has been moving back and forth on its position on the nascent asset class and has been leaning bearish on the recent price action.
Related Reading | Tesla Bitcoin Investment Dwindles By $ 440 Million As Crypto Winter Drags On
The total crypto market capitalization reached an all-time high near $ 3 trillion. A record for any industry with barely a decade old but has lost over 60% of its value since the start of 2022.
Bitcoin extended losses below $ 18,000 after it breached a prior cycle’s all-time high for the first time in its history.
Bitcoin fell below a prior cycle’s all-time high for the first time ever today, breaching the $ 19,776 level.
The peer-to-peer currency had been struggling to maintain the $ 20,000 level over the past week as liquidation and liquidity woes plagued the market as lenders such as Celsius Network fell under extreme pressure.
Within less than three weeks, since July 9, the bitcoin price has fallen from over $ 13,000 to below $ 10,000, which many investors regard as a key psychological level for the crypto asset. While the dominant crypto asset initiated a strong recovery on July 17 from around $ 9,200 to $ 10,600, it has struggled to climb above […]
The post Newsflash: Bitcoin Price Sinks Below $ 10,000; What’s Behind the 4-Digit BTC Norm? appeared first on CCN Markets
Since June 27, the bitcoin price has dropped from nearly $ 14,000 by more than 22 percent against the U.S. dollar in a relatively large pullback, leading the valuation of the crypto market to drop. $ BTC views update – Mid/long term bullish. -Short term bullish above 11500/11600, bearish below 11300.– R: 11800, 12000, 12300, 12500.– Key […]
The post Crypto Bull Analyst Predicts Sharp Bitcoin Price Correction Below $ 10,000 appeared first on CCN Markets
Well, that de-escalated quickly. Just nine days after breaching the five-figure mark for the first time in 2019, the bitcoin price has once again crashed below the $ 10,000 level. Bitcoin Price Slips to $ 9,950 The flagship cryptocurrency had been in a downtrend since peaking near $ 14,000 on June 26, suffering multiple major sell-offs en route […]
The post Newsflash: Bitcoin Price Crashes Below $ 10,000 appeared first on CCN Markets
The bitcoin price crashed below the $ 11,000 mark on Thursday, extending the vicious sell-off that began the previous day. Bitcoin Price Careens Down to $ 10,800 A suddenly-heavy BTC had struggled to defend the $ 12,000 mark for much of the morning, and around 12:00 pm ET traders capitulated to the stifling downward pressure. In just […]
The post Newsflash: Bitcoin Price Crashes Below $ 11,000 to Cap 20% Plunge appeared first on CCN Markets
In the last 24 hours, the crypto market has slightly declined by $ 2 billion in valuation as the Bitcoin price fell by one percent. The decline in the value of major crypto assets in the likes of Ripple (XRP) and Ethereum (ETH) which recorded drops in the range of three to five percent prevented the market from continue recovering. From January 30 to January 31, the crypto market seemed to be rebounding as its valuation rose from $ 111 billion to $ 115 billion. But, in the past 12 hours, the valuation fell back to $ 112 billion, unable to sustain its momentum.
The price of Stellar (XLM) recently breached support at $ 0.10 as the technicals of the now ninth-largest cryptocurrency have begun to breakdown. To read this article you must be a subscriber Members can login here. Subscribe for $ 10/month Subscribe for $ 60/year SludgeFeed Premium members gain exclusive access to content that’s not available to the average reader, including breaking […]
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By CCN.com: Wall Street firm JP Morgan has predicted that HODLers should expect to experience more pain if the crypto winter persists. According to JPMorgan analysts, the price of bitcoin could fall to as low as $ 1,260, Reuters reports. The same analysts have, however, estimated that bitcoin’s ‘cost support’ is at around the $ 2,400 level. … Continued
The post Bitcoin Could Fall Below $ 1,260 if the Bear Market Continues: JP Morgan Analysts appeared first on CCN
By CCN.com: In the past 24 hours, the crypto market has experienced a slight decline in valuation from $ 224 billion to $ 219 billion as the Bitcoin price dropped to $ 3,500. Previously, traders said that a drop below the $ 3,500 mark could lead the price of Bitcoin to test key support levels in the low $ 3,000
The post $ 5 Billion Wiped Out of Crypto: Bitcoin Below $ 3,500 Could Spell Trouble appeared first on CCN
Bitcoin fell below $ 3,500 as $ 5 billion was wiped out of the crypto market, and major digital assets like Ethereum recorded a six percent drop against the U.S. dollar. The 4.8 percent drop in the combined valuation of all cryptocurrencies in the global market comes after a strong sell-off on January 11. Bitcoin Weakness Expected
The post Crypto Market Begins to Fall Rapidly Again: Bitcoin Below $ 3,500 appeared first on CCN
In the last 48 hours, the volume of the crypto market has dropped from $ 15 billion to $ 13 billion as the Bitcoin price fell below the $ 3,600 mark. Analysts have started to demonstrate concerns regarding the declining volume of digital assets and the potential scenario of cryptocurrencies free falling without significant sell pressure from bears.
The post Volume of Crypto is Dropping, is Bitcoin Headed Below $ 3,000? appeared first on CCN
The bitcoin price will crater below $ 3,000 amid a mass sell-off. That’s what futures trader Anthony Grisanti predicts about the ongoing Crypto Winter. “I’m looking for a move down to $ 3,000, which would represent a real weakness in this market,” Grisanti told CNBC. “It could be the driver that gets people to bail out of this and
The post Bitcoin Price Will Tank Below $ 3,000, Says Trader Who Predicts Mass Sell-Off appeared first on CCN
Mark Dow, a trader who shorted Bitcoin (BTC) from its all-time high at $ 19,500 to $ 3,500, said that the dominant cryptocurrency could be in trouble if it does not escape the $ 5,000 to $ 6,000 range in the short-term. Dow, who made headlines earlier this month for exiting his short position on Bitcoin, said that the
The post Trader: Crypto Investors Need to ‘GTFO’ if Bitcoin Price Falls Below This Level appeared first on CCN
