Bitcoin Back Below $30,000 After A Record 8 Weeks In The Red

bitcoin-back-below-$30,000-after-a-record-8-weeks-in-the-red

Bitcoin decoupled from equity markets to the downside on Monday after ending last week as the eighth consecutive weekly loss. Bitcoin has failed to hold the $30,000 level on Monday after scoring its eighth consecutive week in the red for the first time ever. During these eight weeks, which began in late March and ended … Read more

Altcoin prices briefly rebounded, but derivatives metrics predict worsening conditions

altcoin-prices-briefly-rebounded,-but-derivatives-metrics-predict-worsening-conditions

Declining demand for Tether and negative futures premiums for altcoins reflect a growing disinterest from crypto investors. On May 12, the total crypto market capitalization reached its lowest close in 10 months and the metric continues to test the $1.23 trillion support level. However, the following seven days were reasonably calm while Bitcoin (BTC) gained … Read more

3 reasons why bears aim to pin Bitcoin below $30K for this week’s BTC options expiry

3-reasons-why-bears-aim-to-pin-bitcoin-below-$30k-for-this-week’s-btc-options-expiry

BTC price is in a freefall and data suggests bears plan to keep the price below $30,000 until the May 13 options expiry. Investors were surprised by Bitcoin (BTC) price falling to $25,500 on May 12, and this shock extended to options traders. The strong correction was not restricted to cryptocurrencies and some large-cap stocks … Read more

Bitcoin Plunges To Lowest Level Since January 2021

bitcoin-plunges-to-lowest-level-since-january-2021

Bitcoin’s price revisited early 2021 levels on Wednesday as the currency struggled to maintain the $30,000 zone. Bitcoin extended losses to reach levels last seen in January 2021 on Wednesday amid a broader market sell-off. The peer-to-peer digital currency struggled to hold the $30,000 level throughout the day as U.S. inflation levels were reported above … Read more