Regulatory concerns, a bit of FUD and the uncertainties surrounding Tether appear to have exaggerated the Bitcoin price sell-off, but derivatives data suggests that the bottom is likely in.
Nouvelles
Bitcoin whales feast as BTC price and the wider market melt down
Panic selling crushes the entire crypto market, sending Bitcoin price to $30,000 for the first time since February, but data shows BTC whales bought the dip.
Bears, bulls, or something else altogether? Crypto experts weigh in on recent volatility
Bitcoin is “not going to bounce right back,” said Mike Novogratz right before it bounced back to the $42,000s.
Wells Fargo Investment Institute to onboard crypto clients by next month
The investment bank is ready to give crypto a chance, after declaring that it had matured and evolved of late.
Institutional investors dump Bitcoin for gold, JPMorgan analysts say
JPMorgan still sees a $140,000 Bitcoin price as a long-term theoretical target.
Worse than March 2020? Bitcoin price dives below $33K
A “key level” comes into play as Bitcoin challenges longer-term support lines and deals a major blow to long positions.
ECB VP says crypto has weak fundamentals and is not a real asset amid 30% dip
European Central Bank vice president Luis de Guindos is expecting more sudden price swings for cryptocurrencies as the market sheds $750 billion in a week.
Bitcoin chart fractal notorious for 60%–70% price crashes is back — What’s next?
Bitcoin slipped below the 20-week exponential moving average for the first time since February 2020, which is a big bearish signal.
Many crypto services are reporting issues amid extreme market volatility
Coinbase was down, Gemini reported degraded performance, and CoinMarketCap was inaccessible earlier today.
Bitcoin price dip below $40K costs Tesla nearly 100% of its BTC profits
Elon Musk may have egg on his face after his comments effectively erase all the money his company made from buying Bitcoin.