Monday morning saw bitcoin trading back under US$19,000, a level it has been bouncing around for the majority of the last two weeks due to global macroeconomic worries that have also affected equity markets. Ether also dropped. Among the top 10 cryptocurrencies by market capitalization, BNB was the only riser. Bitcoin was down 1.2% over
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According to the Financial Times, Alex Mashinsky, who left his position as CEO of Celsius on September 27, took US$10 million out of the cryptocurrency exchange in May, just weeks before it filed for bankruptcy and put a freeze on withdrawals in June. The embattled ex-CEO “withdrew a percentage of cryptocurrency in his account, much
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The previous week, when the US Federal Reserve’s actions caused it to decline to a three-month low of $18,100, saw significantly less volatility for Bitcoin. The investment gained some ground and stabilized at about $19,000. It actually stayed there for the majority of the weekend and even Monday. The cryptocurrency’s price experienced its first significant
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The current price levels are stressful for Bitcoin (BTC) miners, and data indicates significant reversals in outflows from miner wallets. Glassnode, an on-chain analytics company, reports that in September, monthly miner sales reached a high of about 8,000 BTC. Miners are currently selling sizable amounts of BTC, in contrast to the June lows, when BTC/USD
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BTC Analysis Weekly ->> Daily –>> 4H Weekly In the Weekly time frame, Price again tapping the key yearly support at 19k. The first tap gave the reaction of 30% toward the upside but was not able to reach the multiple support breakdown level of 30k. As per the technical theory, By each test of
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Early Friday morning saw Bitcoin edging higher to maintain its above-US$19,000 position after varying around that resistance level all week. While XRP led the gainers among the top 10 cryptocurrencies by market capitalization, Ether fell. At 8 a.m., Bitcoin was up 0.7% over the previous 24 hours to trade at US$19,564. according to data from
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