Largest difficulty drop since July 2021 — 5 things to know in Bitcoin this week

largest-difficulty-drop-since-july-2021-—-5-things-to-know-in-bitcoin-this-week

Bitcoin is getting a dose of reality this week as the World Economic Forum convenes and analysts still favor a fresh BTC price drop. Bitcoin (BTC) is off to a better start than most this week as bulls avoid serious losses into the weekly close. Still heavily tied to declining stock markets, the largest cryptocurrency … Read more

Bitcoin targets record 8th weekly red candle while BTC price limits weekend losses

bitcoin-targets-record-8th-weekly-red-candle-while-btc-price-limits-weekend-losses

The weekly chart looks decidedly grim for BTC/USD despite a lack of volatility over the weekend. Bitcoin (BTC) gave bears little joy over the weekend as the May 22 weekly close looked set to revolve around $30,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Waiting for Bitcoin to “make a decision” Data from Cointelegraph Markets … Read more

Bitcoin ends week ‘on the edge’ as S&P 500 officially enters bear market

bitcoin-ends-week-‘on-the-edge’-as-s&p-500-officially-enters-bear-market

Down 20% from its latest peak, the S&P 500 now meets the definition of bear market territory in a warning sign for risk assets everywhere. Bitcoin (BTC) struggled to recover its latest losses on May 21 after Wall Street trading provided zero respite. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price reflects drab stocks … Read more

Bitcoin ‘death cross’ data hints 43% drop due in BTC price bear market

bitcoin-‘death-cross’-data-hints-43%-drop-due-in-btc-price-bear-market

Based on historical tendencies, $22,700 could now mark the next “generational bottom” for Bitcoin, new analysis says. Bitcoin (BTC) may fall more than 40% from last week’s bottom, new data warns as one analyst confronts what he says is now a bear market. In a series of tweets on May 20, popular trader and analyst … Read more

Weaker dollar lifts Bitcoin to $30.7K as analyst eyes 60% BTC dominance

weaker-dollar-lifts-bitcoin-to-$30.7k-as-analyst-eyes-60%-btc-dominance

Macro conditions flip to reduce pressure on risk assets, as one view gives Bitcoin bears $14,000 capitulation “hopium.” Bitcoin (BTC) hit 48-hour highs overnight into May 20 as U.S. dollar weakness gave bulls some much-needed respite. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar strength declines after 20-year record Data from Cointelegraph Markets Pro and … Read more

Bitcoin trades in $29K ‘no man’s land’ as Tesla ESG fallout routs stocks

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Tesla’s removal from the S&P 500 adds to an already bearish trajectory while BTC/USD stays stuck below $30,000. Bitcoin (BTC) stayed $1,000 lower on May 19 after a grim trading session on Wall Street the day before put pay to further upside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Musk blasts ESG “scam” after S&P … Read more

Bitcoin price drops under $29K as Walmart, Target stock lose most since 1987

bitcoin-price-drops-under-$29k-as-walmart,-target-stock-lose-most-since-1987

Shock earnings reports contributed to fresh market weakness, depriving Bitcoin and altcoins of any new gains. Bitcoin (BTC) headed toward an “interesting” liquidity area on May 18 as United States stock markets opened with a bearish bang. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price nears “interesting” rematch with lows Data from Cointelegraph Markets … Read more

Bitcoin shakes of Fed volatility as analysts remain split on return under $24K

bitcoin-shakes-of-fed-volatility-as-analysts-remain-split-on-return-under-$24k

Bitcoin could reach its highest since the Luna meltdown next, one trader argues, while others feel that the bottom is not yet in. Bitcoin (BTC) circled $30,000 on May 18 after fresh comments from the United States Federal Reserve sparked n volatility. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: Extra Fed rate hikes “biggest … Read more

Institutional Investors Flood Over $300 Million In Bitcoin Fund, BTC To Reverse Above $30k?

institutional-investors-flood-over-$300-million-in-bitcoin-fund,-btc-to-reverse-above-$30k?

Last week saw one of the largest losses of value in the history of cryptocurrency. Bitcoin and the general crypto market crisis was hit by the Terra ecosystem’s collapse. Bitcoin plummeted to under $30,000. Obviously, institutional players took advantage of the circumstance. Investors Flood Bitcoin Institutions reportedly invested $300 Million into exchange-traded Bitcoin funds last … Read more

Fear & Greed Index hits lowest since March 2020 even as Bitcoin price hits $30.5K

fear-&-greed-index-hits-lowest-since-march-2020-even-as-bitcoin-price-hits-$30.5k

Deja-vu for BTC versus market sentiment as conditions mimic the weeks after the March 2020 COVID-19 crash. Bitcoin (BTC) returned to $30,500 on May 17 amid hopes that a retest of 2017 highs could be avoided. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $20,000 retest ‘highly unlikely’ Data from Cointelegraph Markets Pro and TradingView showed … Read more