Where next for Bitcoin after the recent slump?

Bitcoin so far this year has failed to live up to its status as ‘digital gold', let alone as a safe haven during times of economic uncertainty, and has briefly dipped below US$30,000 for the first time in nearly a year. Currently, the largest coin by market cap is trading at US$32,000, but analysts fear that the coin could continue to plunge further amid the backdrop of global uncertainty.

Timeline of Bitcoin

Cryptocurrencies took another hammering, with TerraUSD's collapse yesterday causing an “industry-based panic”. Bitcoin nosedived another 14%, changing hands at US$27,039, its lowest level since the end of 2020.

Bitcoin mining company, Riot Blockchain, revealed its plans to expand operations to Corsicana, Texas, which could light up to 200,000 homes. The post Colorado-Based Bitcoin Mining Operation Expands Into Texas; Could Consume Enough Power to Light 200,000 Homes appeared first on BeInCrypto.

Bloomberg Intelligence analyst Mike McGlone says it's the top two cryptocurrencies by market cap that will lead to the most gains after the recent price dip that affected all asset classes. In a new interview with Yahoo Finance, McGlone pinpoints the Federal Reserve's interest rate hikes as being more detrimental to the US stock market The post Bitcoin and Ethereum Will Outperform Stocks As Risk Asset Prices Crash, Says Bloomberg Strategist – Here's Why appeared first on The Daily Hodl.

The Bitcoin price prediction increased considerably but despite the rejection, the bullish structure still stays around the $30,000 level. BTC/USD Long-term Trend: Ranging (Daily Chart) [.

After a few weeks of consolidation, Bitcoin was unable to increase and eventually broke to the downside. This resulted in a considerable liquidation cascade and a drop below the critical support level of $30K.

Dubai's Emirates Airline will embrace BTC, NFTs, and also the metaverse will plan to add the number one cryptocurrency as a payment service so let's find out more today in our latest Bitcoin news. The United Arab Emirates's leading flag carrier is set to dive into the digital asset space by leveraging cryptos, NFTs, and

On Thursday (May 12), Arthur Hayes, Co-Founder and former CEO of crypto derivatives exchange BitMEX, talked about the current state of the crypto market and at what levels he will feel comfortable with buying more Bitcoin and Ethereum. In a blog post published on May 12, Hayes said: “During a proper meltdown, the market seeks

Bitcoin price analysis is bearish today as we have seen another lower high set at $31.000 and another push lower this morning below $29,500. Therefore, BTC/USD is ready to decline and look to test further downside over the next days.

Bitcoin (BTC/USD) looked for fresh technical sentiment early in the Asian session as the pair continued to orbit the psychologically-important 30000 figure after trading as low as the 25338.53 area, its weakest print since the last few trading sessions of 2020.   Buying pressure pushed BTC/USD to the 30990 area before momentum stalled, just below the 76.4% retracement of the appreciating range from 21913.84 to 61788.45.

The co-founder of the crypto exchange platform BitMEX predicts Bitcoin (BTC) and Ethereum (ETH) will continue to fall in price in the wake of this week's Terra (LUNA) collapse. In a new blog post, Arthur Hayes says he's gearing up to accumulate both crypto assets as he anticipates a drop to major cyclical lows. According The post Crypto Capitalist Arthur Hayes Forecasts Dramatic New Lows for Bitcoin (BTC) and Ethereum (ETH) appeared first on The Daily Hodl.