Bitcoin NUPL Touches Lows Not Seen Since COVID Crash, Rebound Soon?

On-chain data shows the Bitcoin NUPL metric has now declined to lows not seen since the COVID-19 crash back in 2020. Bitcoin Net Unrealized Profit And Loss Plunged Down Recently As explained by an analyst in a CryptoQuant post, the NUPL past trend may suggest that current values could be favorable for a rebound in the crypto's price.

Timeline of Bitcoin

Desde que la stablecoin terraUSD (UST) de Terra vinculada al dólar estadounidense perdió su paridad hace dos semanas y provocó pérdidas masivas para los inversores, se han retirado miles de millones de dólares del ecosistema.

Bitcoin in the recent past faced a notable death cross and since then the prices have dropped massively by nearly 40% until the press time. Death cross usually refers to 200-day MA levels crossing the 50-day MA levels in a daily chart and heading towards the south. Often, this event is considered pretty bearish which …

A widely followed crypto analyst is lighting up a tweetstorm, warning traders that Bitcoin (BTC) has six reasons to go lower. Pseudonymous trader CryptoCapo warns their 315,700 Twitter followers in a six-part thread that there are reasons to believe BTC will hit new lows soon. “BTC – Some of the reasons why I think we should The post Crypto Analyst Warns Six Factors Will Drive Bitcoin (BTC) Prices Lower in the Coming Days appeared first on The Daily Hodl.

The US has become the dominant country for crypto mining, but that dominance isn't reflected in the crypto mining stocks, which continue to perform poorly as the market plunges, Barrons reported. The post Growth in US Bitcoin mining does not reflect in stocks performance appeared first on CryptoSlate.

MiamiCoin ($MIA), a project that offers cities a source of revenue through the minting of new cryptocurrency tokens, has seen the value of its token plunge by 95% since its launch. The token, supported by Miami Mayor Francis Suarez, who calls himself the “most bitcoin-friendly mayor on the planet,” may however see adoption rise in

Bitcoin has had its fair share of highly volatile days since its inception. This comes as no surprise given that volatility remains one of the most prominent characteristics of the cryptocurrency and this volatility is a major pull for investors.

The crypto bloodbath continues to rage on, as bitcoin drops 13%, although to a lesser degree than what was experienced last week. Due to this, there have been several migration patterns recorded in crypto investors as they look for the best safe haven.

Central bankers are meeting in El Salvador and have discussed bitcoin. But bitcoin is not the primary focus of the meeting. The post Here's why central bankers are talking about bitcoin in El Salvador this week appeared first on The Block.

If you are invested in the cryptocurrency market, chances are that you are wondering where Bitcoin is headed. The latest events in the last two weeks suggest that BTC is due for a bullish recovery.

The Bitcoin price prediction indicates bearish momentum as further upside was rejected during the European session. Bitcoin Statistics Data: Bitcoin price now – $30,149 Bitcoin [.