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Institutional investment in Bitcoin noted outflows worth over $30 million for the fifth week.
ARK Invest's Cathie Woods blamed the regulatory system for the Bitcoin movement losing strength.
3iQ's CEO stated that Canadian institutions view BTC as a significant investment option.
Even though Bitcoin price has rallied ...
Bitcoin initiated an impressive leg up in the past 24 hours but was violently rejected at the $27,500 resistance level.
The altcoins have also turned red on a daily scale, with LTC and LDO losing the most value from the top 36.
BTC Stopped at $27.5K
As Glassnode informed recently, BTC has been trading in a tight 3.4% range for over a week. In terms of USD numbers, this essentially means that the asset stands between $26,500...
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Bitcoin price rally in 2017 was largely driven by the ICO craze kicked off by Ethereum and a focus on altcoins.
While the 2023 YTD price increase is driven by institutions and large wallet investors, the 2017 cycle was largely supported by retail traders.
Profit rotation from altcoins drove a Bitcoin price rally in 2...
For the past two weeks, Bitcoin has maintained its range-bound price movement. However, there are several indicators pointing toward an imminent breakout.
Technical Analysis
By Edris
The Daily Chart
The price has been consolidating within a narrow range on the daily timeframe for the last 7 days. This consolidation follows the market’s downward rejection at the $30K resistance level and the subsequent breakdown of the 50-da...
The price of TRON (TRX) continued its rise after breaking the $0.071 resistance.
TRON price long term forecast: bullish
The previous trend came to a halt as soon as the altcoin reached its peak of $0.071. As a result, the price of TRON fell...
After slipping to $26,600 on Bitcoin pizza day, the cryptocurrency reversed its trajectory and shot up by almost a grand.
The altcoins are also slightly in the green, with ETH, MATIC, SHIB, TRX, and AVAX jumping by around 3% daily.
BTC Reclaims $27K
The primary cryptocurrency has been stuck in a relatively tight range for the past week or so, which was also acknowledged by Glassnode yesterday. The analytics resource informe...
The price of Polygon (MATIC) is down and continues its downward trend.
Polygon price long-term forecast: bearish
Today, the altcoin is testing the 21-day line SMA again. If MATIC is rejected at the 21-day line SMA, selling pressure will inc...
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Shiba Inu’s layer-2 scaling solution Shibarium surpassed 11 million transactions on its native test network Puppynet.
Puppynet has processed over 11 million transactions for 15.9 million addresses since its launch in March.
Shibarium’s new milestone helps layer-2 position itself as a competitor to Ethereum-based bloc...
After failing to decisively overcome $27,000 during the weekend, BTC slipped by almost $500 earlier today to chart a new multi-day low.
The altcoins are also in the red today, with XRP, MATIC, SOL, LTC, and others losing over 2% of value.
BTC Slips Below $27K
Bitcoin tried to take down $27,500 on two occasions last week but ultimately failed, and the subsequent rejections drove it south hard. The second one was particularly...
Ethereum (ETH) is trading in a bearish trend zone.
Long-term analysis of Ethereum price: bearish
The downtrend of Ether has slowed down and it has been trading above the support level of $1,773 since May 11. On May 12, the largest altcoin s...
