BTC-gold ratio suggests Bitcoin is at ‘solid support'

The Director of Global Macro at Fidelity, Jurrien Timmer, tweeted his analysis of the current situation following Bitcoin's sell-off in recent weeks. The post BTC-gold ratio suggests Bitcoin is at ‘solid support' appeared first on CryptoSlate.

Timeline of Bitcoin

The whole UST debacle has seen traders emboldened in the market against stablecoins. The result of this had been more investors going after the pegs of other stablecoins such as USDT and trying to see if they can destabilize the coin.

The chief executive of a leading crypto analytics firm is revealing that, before last week's sell-off, insiders sent tens of thousands of Bitcoin (BTC) to crypto exchange Binance. Quant analyst Ki Young Ju tells his 291,700 Twitter followers that crypto insiders, which he refers to as market makers, transferred around 84,000 BTC worth roughly $2.5 The post Crypto Insiders Have Sent $2,500,000,000 in Bitcoin to Binance, According to Quant Analyst – Are They Finished Selling? appeared first on The Daily Hodl.

Bitcoin's seventh week in red continues while the previous six-week record happened back in 2014 so let's read more today in our latest Bitcoin news today. Bitcoin's seventh week of losses is unprecedented.

Bitcoin price analysis is bearish today as we have seen failure to continue higher after another higher low was set at $29,500 yesterday. Therefore, BTC/USD should retest the support next and potentially break lower to continue along with the several-week bearish trend.

Bitcoin and Ethereum started off the week with modest price rises, with the king coin trading at $30,424.97 while the top alt was changing hands at $2,077.09. That being said, prices are only half the story.

Bitcoin (BTC/USD) extended its sideways trading activity early in the Asian session as the pair continued to hover around the 30000 figure after recently trading as high as the 31418.35 area, representing a test of the 76.4% retracement of the wide appreciating range from 21913.84 to 61788.45.  Following the pair's recent appreciation from multi-month lows around the 25338.53 area to the 31418.35 area, traders are eyeing potential short-term technical support around the 29095, 28378, 27661, 26773, and 26639 levels.

Bitcoin, according to one well-followed expert, is on the verge of making a major move now that it has breached a critical psychological support level of $30,000. When individuals talk about the price of Bitcoin, they're referring to the current market price of the cryptocurrency. Since Bitcoin is a totally speculative asset, this price is …

There was a time just a few weeks ago when investors were frustrated with Bitcoin [BTC] for not being able to stay above $45,000. However, at press time, most investors were relieved that the king coin was somehow over $30k as it traded at the price of $30,424.97, after increasing by 0.41% in the past

After facing a backlash from the Bitcoin (BTC) community over comments to the Financial Times that Bitcoin is “not a payments network,” Sam Bankman-Fried, the billionaire CEO of crypto exchange FTX, now hints that his exchange may implement Bitcoin Lightning Network payments.

BTC moved away from Monday's lows to surge above $30,000 on Tuesday, as crypto bulls pushed prices higher. ETH continues to trade above $2,000, with prices rising by as much as 4% during today's trading session. Bitcoin Following a stint below $30,000 to start the week, BTC was trading above this level as bulls made