Cryptocurrency

Bitcoin’s (BTC) price continued its correction on June 18, dropping 1.41% and 6.5% over the last 24 hours and seven days, respectively. Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin (BTC) dropped to a one-month low of $64,237 after losing the key support provided by the psychological $65,000 level. BTC/USD daily chart. Source: TradingView Similarly, the total market capitalization has […]

Bitcoin is still “largely profitable” despite months of sideways BTC price action, says new research. In the latest edition of its weekly newsletter, The Week On-Chain, published on June 18, analytics firm Glassnode dispelled myths over investors’ unrealized losses. BTC price analysis flags “investor boredom and apathy” Bitcoin may be trading within a rigid corridor, but the […]

Bitcoin fell with the broader cryptocurrency market on Tuesday amid concerns about the global economy and lower summer liquidity. The price of bitcoin was last lower by 3% at $64,680.44, according to Coin Metrics, dipping under $65,000 for the first time since May 16. Earlier in the day, it fell as low as $64,347.91. Ether lost 4% […]

Major tokens slid in Asia trading hours Tuesday amid continual profit-taking and another day of net outflows from U.S.-listed bitcoin exchange-traded funds (ETFs) on Monday, pressuring bullish sentiment. Bitcoin (BTC) slid to nearly $66,500, reversing all its Monday gains, while ether (ETH) fell to $3,400, reversing all of last week’s gains. BTC has been hovering around the 50-day moving […]

Bitcoin saw new one-month lows on June 18 as a push past $67,000 failed to sustain. BTC/USD 1-hour chart. Source: TradingView BTC price weakness sees $64,000 return Data from Cointelegraph Markets Pro and TradingView captured volatile BTC price conditions returning during the prior day’s Wall Street trading session. This produced a trip to local highs of $67,250, but momentum soon stalled […]

Based on the price action clusters above the $71,600 mark, Bitcoin’s price could be on track toward a further correction. How low will Bitcoin price go before the parabolic phase begins? BTC price clusters above $71,600 suggest correction likely Bitcoin price clusters refer to the tendency of the asset’s prices to cluster near round numbers. […]

The long-awaited bitcoin exchange traded funds launched in January, and financial advisors are on their way – though gradually – toward adopting them, according to BlackRock’s Samara Cohen. For now, about 80% of bitcoin ETF purchases have likely been coming from “self-directed investors who have made their own allocation, often through an online brokerage account,” she said, speaking […]

These two assets seem to always be drawing comparisons. It’s been a great time to be an owner of Bitcoin (BTC -0.47%). Since the start of 2023, the top digital asset has soared 307%. The approval of spot exchange-traded funds (ETFs), as well as the April halving, were recent catalysts. Investors might be surprised to know that gold is […]

Four years have passed since Tesla stopped accepting Bitcoin, citing environmental concerns. While the Bitcoin mining industry has reportedly increased its share of renewable energy consumption, Tesla doesn’t appear ready to return to Bitcoin payments anytime soon. On Feb. 8, 2021, Tesla disclosed a $1.5 billion investment in Bitcoin in a filing with the United States Securities and […]

After rallying for weeks, flows into spot bitcoin ETFs have sunk into negative territory on three of the past four days as the price of the asset upon which it is based has sagged. The 11 funds have totaled more than $300 million in outflows for the week, according to research from U.K.-based asset manager […]