The cryptocurrency market saw over $665 million liquidations in the past 24 hours as bitcoin faces heavy selling pressure with Mt Gox continuing to make movements for payout. Bitcoin dropped 7.4% in the past 24 hours to $54,422 at the time of publication, according to The Block’s bitcoin price page. The price fall came after […]
Cryptocurrency
Mt. Gox Doomsday Scenario Involves Bitcoin Cash, Not Bitcoin: Analyst
Fears that selling pressure from bankruptcy redemptions from the estate of Mt. Gox will drive down the price of bitcoin (BTC) is unfounded, but it could be a bearish scenario for Bitcoin Cash (BCH), Presto Labs’ Head of Research wrote in a note. Bitcoin’s price continues to dip below $60,000, with over $200 million in liquidations as the trading […]
What pushed Bitcoin price below $60K? Charts point at potential Mt. Gox repayment
The Bitcoin price fell below the $60,000 psychological mark on July 3, threatening to prolong the current price consolidation as Mt. Gox potentially starts releasing $9 billion worth of BTC. Bitcoin fell 4.2% in the 24 hours leading up to 10:33 am UTC on July 3 to a local bottom of $59,600. The world’s first […]
Bitcoin falls below $58K for the first time in 2 months
The price of Bitcoin briefly dipped as low as $57,874 on July 4, the first time the asset has fallen below the $58,000 mark in more than two months. BTC’s price action has since leveled out and is currently trading for $58,964 at the time of publication, but still down 3.4% on the week, per […]
‘Buy the dip’ mentions on social platforms surge as Bitcoin stumbles
Mentions of “buy the dip” on social platforms Reddit, X, 4chan and Bitcoin Talk briefly doubled over the last two days as Bitcoin fell below $60,000 for the second time in four months. According to crypto research firm Santiment, which tracked the total mentions across the four platforms, as crypto traders debated what stage of the bull […]
Ethereum will outperform Bitcoin after ETF launch — K33 Research
The launch of spot Ether exchange-traded funds (ETFs) could see the cryptocurrency outperform Bitcoin in the weeks after they go live in the United States, say K33 Research analysts. The ETFs, expected to launch as soon as July 8, are a “golden egg” for Ether price action, while Bitcoin is set to face sell pressure as […]
History suggests bitcoin will likely hit a new all-time high this year, report says
Bitcoin has not reached the top of its current appreciation cycle and is likely to go past its all-time high this year, according to a research report released by CCData on Tuesday. Bitcoin hit an all-time high of above $73,700 in March but has since been trading within a range between roughly $59,000 and $72,000. […]
Bitcoin circles $63K as liquidity sparks hopes of 40% BTC price gains
Bitcoin focused on $63,000 on July 2 as attention switched to macro liquidity changes. BTC/USD 1-hour chart. Source: TradingView Bitcoin analyst on global liquidity: “You love to see it” Data from Cointelegraph Markets Pro and TradingView showed BTC price action attempting to cement gains, which accompanied the monthly close. Despite an overall failure to tackle key resistance levels above […]
$105 Billion Electronics Giant Sony To Launch New Bitcoin Exchange
Sony Group is preparing to launch a Bitcoin and crypto exchange in Japan after acquiring Amber Group’s local subsidiary, Amber Japan. The revamped exchange will be called S.BLOX and aim to boost Sony’s presence in the Bitcoin and crypto space. Sony purchased Amber Japan in 2023 through its subsidiary Quetta Web. Amber Japan was originally […]
Collapsed bitcoin exchange Mt. Gox is about to unload $9 billion of coins onto the market. Here’s what it means
A bitcoin exchange that collapsed 10 years ago after being hacked is set to return billions of dollars’ worth of the token to users — and it has investors worried. In a few days, bankrupt Tokyo-based bitcoin exchange Mt. Gox will begin paying back thousands of users almost $9 billion worth of tokens. The platform went under in […]
