Is Bitcoin really cheap at $19,000? Assessing if it could go further down
El Salvador's president Nayib Bukele announced on 1 July that his country added 80 Bitcoin BTC to its balance sheet. He also noted that the purchase was made at $19,000 per BTC, a price level that he described as cheap.
Timeline of Bitcoin
Ledn to Save BlockFi, Creditors Call for Three Arrows Liquidation, El Salvador Buys 80 BTC - Crypto news
Earlier today, reports emerged that Ledn, a Canada-based lending network offered to help save BlockFi from its troubles. In other news, Deribit and Blockchain.com call for liquidation of 3 Arrows Capital, while El Salvador buys a new BTC chunk.
Bitcoin ($BTC) Just Had Its Worst Quarter in Over a Decade, Data Shows - CryptoGlobe
The price of the flagship cryptocurrency Bitcoin ($BTC) has posted its worst quarterly performance in more than a decade, as in the second quarter of this year it lost around 58% of its value, going from $45,524 to just under $19,000 at the end of the three-month period. According to data from CryptoCompare, as first
Why Bitcoin Could Return To $28,000, But By The End Of 2022 - NewsBTC
Goldman Sachs analysts believe Bitcoin and the crypto market could see some relief, but only further short and mid-term turmoil. A recent report from the banking institutions claims the crypto market has been moving in tandem with the U.S. stock market and thus it has been affected by the macro-economic environment.
Bitfarms' bitcoin mining revenue fell roughly 40% in June - The Block
Bitcoin miner Bitfarms made 40% less in revenues during June, while mining only 2.6% fewer bitcoins. The post Bitfarms' bitcoin mining revenue fell roughly 40% in June appeared first on The Block.
Bitcoin-Related Voyager Digital Shares Plunge After Market Update – Read Why - Benzinga
Voyager Digital LLC, the operating platform of Voyager Digital Ltd. (TSX: VOYG) (OTCQX: VYGVF), temporarily suspends trading, deposits, withdrawals, and loyalty rewards, effective July 1, 2022, at 2:00 p.m.
$15k Possible Bottom For Bitcoin? “Delta Cap” Says So - NewsBTC
The “delta capitalization” model of Bitcoin may suggest that around $15k could be a possible bottom for the crypto's price. Past Delta Cap Trend Shows Bitcoin May Still Face More Decline Before A Bottom As explained by an analyst in a CryptoQuant post, the BTC market cap is now below the realized cap, but still above the delta cap.
This ‘Loaded Bullet' can Spike the Price of Bitcoin Even in its Worst Month - BeInCrypto
CryptoQuant CEO Ki Young Ju has explained that most bitcoin investors haven't left the market, and explains how they can drive the prices of crypto assets back up. The post This ‘Loaded Bullet' can Spike the Price of Bitcoin Even in its Worst Month appeared first on BeInCrypto.
Bitcoin experiences worst month in history as over $400B is wiped off crypto market in June - CryptoSlate
The crypto industry has experienced its worst month ever as over $400 billion was wiped off the market by the capitulation of digital assets in June. The post Bitcoin experiences worst month in history as over $400B is wiped off crypto market in June appeared first on CryptoSlate.
BTC Price Analysis: After a Horrible June Close, Is $17.5K The Next Stop For Bitcoin? - CryptoPotato
Bitcoin's price still fails to indicate any form of strength, even after crashing by more than 70%. The price is currently on a slow decline after a small rebounding from the $17.5K a couple of weeks ago.
President Bukele says ‘thank you for selling cheap,' as El Salvador buys more Bitcoin - CryptoSlate
On July 1, President Bukele tweeted that El Salvador had bought another 80 Bitcoin (BTC) at $19,000 per token. The post President Bukele says ‘thank you for selling cheap,' as El Salvador buys more Bitcoin appeared first on CryptoSlate.