Market Analysis

The Bitcoin price successfully defended the $28,000 support on May 2, but it has yet to prove the strength needed to reclaim the $29,200 level from April 30. $30K becomes crucial for Bitcoin bulls Some analysts will pin the recent downtrend on the expectation of an interest rate increase by the United States Federal Reserve

Bitcoin (BTC) miners have profited roughly 37% from mining Bitcoin since its inception, new data reveals. Calculations from on-chain analytics firm Glassnode suggest that since 2010, fees and block reward subsidies have netted miners over $50 billion. Bitcoin miner revenue passes $50 billion mark Amid an ongoing debate over miner costs and susceptibility to Bitcoin price

The share of Ethereum (ETH) held by so-called whale addresses has dropped since Ethereum’s Shapella upgrade in mid April, suggesting that large investors may be leaning bearish in t near term. ETH whale population shrinks post-Shapella The amount of Ether held by addresses with 1,000-10,000 ETH, or “whales,” was over 14.033 million ETH on May 1, according

Bitcoin (BTC) saw considerable volatility between April 25 and May 1, ranging between $27,200 and $30,000. From a trading perspective, the 10.5% move sounds alarming, resulting in $340 million in leveraged BTC futures contract liquidations. However, from a broader angle, Bitcoin price is up 72% year-to-date in 2023, while the S&P 500 stock market index

Bitcoin (BTC) headed toward $28,000 support after the May 1 Wall Street open as markets digested fresh United States banking jitters. Suspicions mount over First Republic contagion Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to multi-day lows at the time of writing. The pair continued a comedown that began after the weekly

Bitcoin (BTC) narrowed volatility on April 30 as the weekly and monthly candle closes loomed. Trader sees BTC price upside capped at $32,500 Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it loitered just above $29,000 throughout the weekend. After unsettled price action earlier in the week, Bitcoin returned to sideways trading, with

Bitcoin (BTC) returned to a familiar range on April 27 as panic over alleged Mt. Gox and United States government transactions faded. “Rough” price action keeps Bitcoin traders cautious Data from Cointelegraph Markets Pro and TradingView showed BTC/USD traded near $29,000 on Bitstamp, up nearly $2,000 from the prior day’s low. Snap volatility had kicked

Bitcoin (BTC) stuck to $29,000 at the April 27 Wall Street open as United States GDP growth missed expectations. U.S. GDP figures reveal surprise slowdown Data from Cointelegraph Markets Pro and TradingView showed BTC/USD once again stagnant after flash volatility the day prior. The largest cryptocurrency had liquidated over $300 million in long and short

On April 26, House Republicans scarcely passed their bill to increase the U.S. debt ceiling. This led to analysts already weighing its potential impact on the price of Bitcoin (BTC), ranging from extremely bearish to overly bullish. Ultimately, U.S. dollar liquidity is the key to both of these opposing viewpoint. “Deflationary recession” to produce 2020-like BTC

Bitcoin (BTC) stayed choppy at the April 28 Wall Street open while United States macro data conformed to expectations. PCE offers “nothing to shock” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD fluctuating around the $29,000 mark on Bitstamp. U.S. Personal Consumption Expenditures (PCE) Index data, tipped as the macro event of the week,

Bitcoin (BTC) traders may be gearing up for a sell-off as data shows tens of thousands of coins moving to exchanges. The latest figures from on-chain monitoring resource Coinglass confirm that global trading volume leader Binance’s BTC balance rose by over 50,000 BTC ($1.5 billion) in the past 30 days. Binance takes lion’s share of

The Ether (ETH) price has held above $1,820 for the past three weeks, despite facing a 13.7% correction between April 18-21. Still, analyzing a broader time frame provides a more constructive view, as ETH gained 20.8% in three months while the S&P 500 stock market index stood flat. However, according to ETH options and futures

Bitcoin (BTC) headed toward $29,000 on April 26 after overnight gains marked a solid rebound. Bitcoin short squeeze risk on the rise Data from Cointelegraph Markets Pro and TradingView showed BTC/USD advancing swiftly during Asia trading to deliver 6.5% upside versus its local lows. The pair had begun its comeback after the April 25 Wall

Bitcoin (BTC) tagged $30,000 into the April 26 Wall Street open as bulls gained further momentum from United States banking woes. Hayes: “Uncertainty” driving BTC price, gold Data from Cointelegraph Markets Pro and TradingView followed as it briefly reclaimed the psychological line in the sand, capping 11% gains versus its local lows from April 24.

Last week, the price of Bitcoin (BTC) reached a record high in Argentine peso (ARS) terms following persistent inflation in Argentina. Argentina’s inflation pushes BTC’s price to all-time high On April 18, the BTC-to-ARS exchange rate crossed over 6.59 million ARS, according to aggregated price data tracked by Google Finance. Since the peak, the rate has

Bitcoin (BTC) is done with its bear market, but the coming months may see a return to $20,000. That is the outlook for Philip Swift, a veteran Bitcoin market analyst who co-founded trading suite DecenTrader and data resource Look Into Bitcoin. In his latest interview with Cointelegraph, Swift takes a look at what the near