This Week on Crypto: Focus on US CPI and Other Macros
Increased crude oil prices due to recent conflict between Israel and Hamas leads to liquidity pressure for Bitcoin and other cryptocurrencies. After a robust start to the month of October 2023, Bitcoin and the broader cryptocurrency market remained quite volatile during the first week. Bitcoin posted modest gains and is currently trading near $28,000. In […]
Bitcoin Whales: BTC Price Dips Below $26,000
On-chain data reveals a notable increase in transactions worth $1 million, indicating that Bitcoin whales are responsible for the collapse. As a result of SpaceX’s sale of $373 million worth of Bitcoin, the price of the world’s largest cryptocurrency, Bitcoin (BTC) fell below $26,000, a 9% drop. Bitcoin’s decline has also dragged the broader crypto […]
Today on Bitcoin (BTC) Price Analysis
Nearly 1.72 million Bitcoin were transferred between $29,500 and $30,200 in the last 24 hours, which could serve as a formidable resistance. The largest cryptocurrency in the world has remained rangebound for over a week, with the BTC price currently dabbling with $30,000 levels. However, investors remain uncertain about where the BTC price will head […]