Why is Cardano price down today?
ADA experienced a high of $0.68, a peak not seen in 20 months, around mid-December. This rally led to an overbought condition, indicated by the Relative Strength Index (RSI) surpassing 70 on the daily charts. An RSI above 70 often signals an asset being overvalued, which can lead to a trend reversal or a corrective pullback.
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ADA experienced a high of $0.68, a peak not seen in 20 months, around mid-December. This rally led to an overbought condition, indicated by the Relative Strength Index (RSI) surpassing 70 on the daily charts. An RSI above 70 often signals an asset being overvalued, which can lead to a trend reversal or a corrective pullback.
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5 things to know in Bitcoin this week
Bitcoin price action struggles after hitting two-year highs, with bulls on the back seat and $40,000 support looming closer. What's next?
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Bitcoin price action struggles after hitting two-year highs, with bulls on the back seat and $40,000 support looming closer. What's next?
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BTC price risks $40K breakdown as GBTC ETF steps up Bitcoin outflows
Bitcoin has been consistently testing the $40,000 mark, facing a potential risk of dropping below this level. Despite some stability over the weekend, there's ongoing concern about its ability to maintain this price point.
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Bitcoin has been consistently testing the $40,000 mark, facing a potential risk of dropping below this level. Despite some stability over the weekend, there's ongoing concern about its ability to maintain this price point.
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Why is Ethereum (ETH) price down today?
Ether's price has fallen 13% from $2,719 since January 12, notably breaching the $2,400 support level. This breach raises concerns about a potential drop to the $2,000 level. The $2,388 to $2,460 range was previously identified as a strong support zone for Ether.
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Ether's price has fallen 13% from $2,719 since January 12, notably breaching the $2,400 support level. This breach raises concerns about a potential drop to the $2,000 level. The $2,388 to $2,460 range was previously identified as a strong support zone for Ether.
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Crypto fund outflows reach $24.7M as GBTC selling impacts Bitcoin price
The report showed that institutional Bitcoin products experienced outflows of $24.7 million, coinciding with significant selling pressure in the crypto market influenced by the introduction of spot Bitcoin ETFs.
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The report showed that institutional Bitcoin products experienced outflows of $24.7 million, coinciding with significant selling pressure in the crypto market influenced by the introduction of spot Bitcoin ETFs.
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Bitcoin price falls to 6-week low under $40K — What’s next for BTC?
Bitcoin's value plummeted from $41,553 on January 22, marking a decrease of over 4.3% in the last 24 hours and a 9.3% fall over the past 30 days. The cryptocurrency hit a six-week low, reaching $39,450.
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Bitcoin's value plummeted from $41,553 on January 22, marking a decrease of over 4.3% in the last 24 hours and a 9.3% fall over the past 30 days. The cryptocurrency hit a six-week low, reaching $39,450.
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👀 $BTC price analysis sees $38K next if Bitcoin fails to rally bulls
Now down up to 20% versus January’s highs, BTC/USD gave little inspiration to traders, some of whom predicted new losses as liquidations mounted. Is the “big squeeze” just around the corner? 📉
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Now down up to 20% versus January’s highs, BTC/USD gave little inspiration to traders, some of whom predicted new losses as liquidations mounted. Is the “big squeeze” just around the corner? 📉
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🤔 Will Bitcoin ETF “sell the news” reaction soon fade?
Today, Arkham, a crypto intelligence firm, disclosed the transfer of 15,200 $BTC (equivalent to $590 million) from established GBTC holdings to the custodian Coinbase. 💸📊
The potential sell-off by FTX adds to the intensity of the pressure. 📉 However, the question remains: Is there room for optimism, and how sustainable is the current downward market pressure?
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Today, Arkham, a crypto intelligence firm, disclosed the transfer of 15,200 $BTC (equivalent to $590 million) from established GBTC holdings to the custodian Coinbase. 💸📊
The potential sell-off by FTX adds to the intensity of the pressure. 📉 However, the question remains: Is there room for optimism, and how sustainable is the current downward market pressure?
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Bitcoin traders target $30K–$34K price zone due to bearish BTC chart patterns
Bitcoin's price notably fell below the $40,000 threshold, reaching $38,521. This downtrend in Bitcoin's price was mirrored by other major cryptocurrencies, with Ether dropping below $2,200 and Solana briefly falling under the $80 level. Binance Coin also lost its critical support level of $300.
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Bitcoin's price notably fell below the $40,000 threshold, reaching $38,521. This downtrend in Bitcoin's price was mirrored by other major cryptocurrencies, with Ether dropping below $2,200 and Solana briefly falling under the $80 level. Binance Coin also lost its critical support level of $300.
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All eyes are on $40K Bitcoin price leading into Friday’s $4.5B BTC options expiry
Bulls were overly optimistic about the impact of the spot ETF approval on Bitcoin's price. The unexpected 15% correction in BTC's price since January 11th caught many investors off guard.
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Bulls were overly optimistic about the impact of the spot ETF approval on Bitcoin's price. The unexpected 15% correction in BTC's price since January 11th caught many investors off guard.
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💬 "Bitcoin price risks $30K over 'supercharged' inflation" — Arthur Hayes, the former CEO of crypto exchange BitMEX
While Bitcoin is still 75% up compared to a year ago, it faces a perfect storm of downside volatility catalysts this quarter, according to Hayes.
These catalysts come in several forms: the Red Sea conflict between the United States and the Houthis impacting global shipping, the U.S. Presidential Election race, and Federal Reserve policy.
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While Bitcoin is still 75% up compared to a year ago, it faces a perfect storm of downside volatility catalysts this quarter, according to Hayes.
These catalysts come in several forms: the Red Sea conflict between the United States and the Houthis impacting global shipping, the U.S. Presidential Election race, and Federal Reserve policy.
"What might be a mild increase in the rate of inflation due to increased shipping costs could be supercharged by rate cuts and the resumption of QE. The market doesn’t appreciate this fact yet, but Bitcoin does."
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Price analysis 1/24: BTC, ETH, BNB, SOL, XRP, ADA, AVAX, DOGE, DOT, LINK
The cryptocurrency market is currently undergoing a correction, with Bitcoin and several major altcoins experiencing downward pressure. Bitcoin's struggle around the $40,000 mark and Ether's drop below key support levels are indicative of a broader bearish sentiment.
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The cryptocurrency market is currently undergoing a correction, with Bitcoin and several major altcoins experiencing downward pressure. Bitcoin's struggle around the $40,000 mark and Ether's drop below key support levels are indicative of a broader bearish sentiment.
👉 Read the full analysis
Ethereum’s (ETH) 14% price drop overshadows improvements in investor interest — Report
ETH price is revisiting cycle lows but data from glassnode highlights the notable improvement in investor sentiment.
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ETH price is revisiting cycle lows but data from glassnode highlights the notable improvement in investor sentiment.
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👀 3 reasons why Bitcoin hitting $38.5K marked the 'ETF dip'
Bitcoin is experiencing shifting trends in ETF flows after a turbulent start. Can $BTC's price strength gear up for a recovery?
1️⃣ GBTC Exodus: The first US spot Bitcoin ETFs saw significant inflows but led to a 20% BTC/USD downside. Debates on GBTC's role and other potential culprits, like FTX sales, add complexity to the situation.
2️⃣ NVT Signal's Surprise: The classic on-chain metric NVT Signal dropped into oversold bands at $38,500, a first since the 2022 bear market. This suggests a potentially unnaturally low price point.
3️⃣ Hodlers' Capitulation Signs: Recent lows tested speculators and long-term hodlers. On-chain data reveals LTHs sending coins to exchanges at a loss, mirroring past patterns.
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Bitcoin is experiencing shifting trends in ETF flows after a turbulent start. Can $BTC's price strength gear up for a recovery?
1️⃣ GBTC Exodus: The first US spot Bitcoin ETFs saw significant inflows but led to a 20% BTC/USD downside. Debates on GBTC's role and other potential culprits, like FTX sales, add complexity to the situation.
2️⃣ NVT Signal's Surprise: The classic on-chain metric NVT Signal dropped into oversold bands at $38,500, a first since the 2022 bear market. This suggests a potentially unnaturally low price point.
3️⃣ Hodlers' Capitulation Signs: Recent lows tested speculators and long-term hodlers. On-chain data reveals LTHs sending coins to exchanges at a loss, mirroring past patterns.
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🤔 Why are Bitcoin Ordinal Inscription tokens $ORDI, $SATS crashing?
The underperformance of these unique tokens is attributed to factors beyond Bitcoin's recent price fluctuations.📊 Is there still potential for further downside, and how deep is the rabbit hole?
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The underperformance of these unique tokens is attributed to factors beyond Bitcoin's recent price fluctuations.📊 Is there still potential for further downside, and how deep is the rabbit hole?
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Bitcoin price battle for $40K continues — Here’s what BTC bulls must do
Bitcoin (BTC) price has witnessed a 20% decline since the introduction of spot Bitcoin ETFs in the United States, falling to $38,000 on January 23rd but showing signs of recovery as it approaches $40,000. The downturn was largely attributed to substantial outflows from the Grayscale Bitcoin Trust (GBTC), indicating a shift of investors to lower-fee Bitcoin ETFs.
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Bitcoin (BTC) price has witnessed a 20% decline since the introduction of spot Bitcoin ETFs in the United States, falling to $38,000 on January 23rd but showing signs of recovery as it approaches $40,000. The downturn was largely attributed to substantial outflows from the Grayscale Bitcoin Trust (GBTC), indicating a shift of investors to lower-fee Bitcoin ETFs.
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💬 Crypto exec sees ‘mid to low’ $20K $BTC price before new all-time highs
Bitcoin faces a trip to “at least” $30,000 under a scenario favored by former ARK Invest crypto lead Chris Burniske.
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Bitcoin faces a trip to “at least” $30,000 under a scenario favored by former ARK Invest crypto lead Chris Burniske.
“Imo bitcoin to *at least* $30-36K before a local bottom, and wouldn’t be surprised if we test the mid-to-high 20s before all is said and done, and we can make an actual move towards previous ATHs,” he summarized.
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📊 Price analysis 1/26: BTC, ETH, BNB, SOL, XRP, ADA, AVAX, DOGE, DOT, LINK
Bitcoin price rallies to $42,000 on strong spot trading volumes. Will altcoins follow? 🤔
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Bitcoin price rallies to $42,000 on strong spot trading volumes. Will altcoins follow? 🤔
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Bitcoin traders expect a return to swing highs after BTC price hits $42,000
Bitcoin (BTC) has recently surged past $42,000, a notable rebound after nearly a week, as the market recovers from a downturn linked to the launch of spot Bitcoin ETFs. This climb represents a significant recovery, with Bitcoin's value increasing 5% from $39,545 on January 26 to $41,973.
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Bitcoin (BTC) has recently surged past $42,000, a notable rebound after nearly a week, as the market recovers from a downturn linked to the launch of spot Bitcoin ETFs. This climb represents a significant recovery, with Bitcoin's value increasing 5% from $39,545 on January 26 to $41,973.
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