News – Page 295 – BitcoTasks BLOG

‘We Sold Everything Last Night’, Reveals Crypto Research Firm

April 16, 2024

Markus Thielen of 10x Research unveiled a significant shift in his crypto strategy in response to mounting financial pressures and market instability, as detailed in an investor note released earlier today. Thielen, an influential figure in the analysis sector, cited a concerning outlook on risk assets, which encompasses both technology stocks and cryptocurrencies, primarily driven…

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Elon Musk Latest Tweet: How Much Did Dogecoin Gain From It Today?

April 16, 2024

Dogecoin

The cryptocurrency market tends to thrive on a blend of innovation, utility, and sometimes, just a good meme. This week, the spotlight shone brightly on Dogecoin (DOGE), the Shiba Inu-themed meme coin, after a characteristically playful tweet from tech billionaire Elon Musk sent prices soaring. While the tweet itself referenced a scene from Monty Python…

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Ethereum Fire Sale? Deep-Pocketed Investor Snags Nearly 24,000 ETH At Bargain Price

April 16, 2024

Ethereum

Ethereum, the second-largest cryptocurrency by market capitalization, has faced choppy waters. Over the past few days, Ethereum’s price has taken a nosedive, plunging to lows of $2,800 on April 12, echoing the broader downturn witnessed across the crypto landscape. However, in the face of volatility, a fascinating development has emerged: Ethereum whales, the behemoths of…

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Bitcoin Investors In The Red: Losses Trump Profits As Ratio Dips Below 1

April 16, 2024

Bitcoin

Investors are bracing themselves for a rollercoaster ride as Bitcoin, the flagship digital asset, navigates through choppy waters. Recent data from Glassnode has revealed a noteworthy development: the Realized Profit/Loss Ratio for Bitcoin has dipped below one. This crucial metric, which compares the sell value of Bitcoin with the price at which it was bought,…

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Why The Bitcoin Halving Matters, But Not The Way You Think: Expert

April 16, 2024

Bitcoin

David Lawant, Head of Research at FalconX, a digital assets prime brokerage with trading, financing, and custody for leading financial institutions, recently offered an analysis on X (formerly Twitter) regarding the evolving role of Bitcoin halvings in market dynamics. This analysis challenges the traditional view that halvings directly and significantly affect Bitcoin’s price, instead highlighting a…

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DOGE Price Prediction – Dogecoin Could Restart Drop To $0.12

April 16, 2024

Doge

Dogecoin is struggling below the $0.180 resistance zone against the US Dollar. DOGE must stay above the $0.1450 support zone to start a fresh increase. DOGE started a fresh decline below the $0.1750 zone against the US dollar. The price is trading above the $0.1700 level and the 100 simple moving average (4 hours). There…

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Bitcoin Bears Beware: $3 Billion Short Liquidation Looms At This Price Mark, Warns Analyst

April 16, 2024

Bitcoin News

The Bitcoin market is currently on edge as prominent analyst Crypto Rover warns of a potential liquidation event that could negatively affect the short holders. With Bitcoin trading within a significant consolidation phase, as revealed by Rover, analysis suggests that over $3 billion in short positions could face liquidation should Bitcoin climb back to a…

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Ethereum Price Recovery In Jeopardy? Decoding Key Hurdles To Fresh Increase

April 16, 2024

Eth

Ethereum price is facing many hurdles near $3,200. ETH could gain bearish momentum if the price stays below $3,200 and $3,280. Ethereum is struggling to recover above the $3,200 resistance zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support…

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Bitcoin Price Restarts Decline, Can BTC Bulls Protect $60K?

April 16, 2024

Btc

Bitcoin price started another decline from the $67,000 zone. BTC is showing bearish signs and might soon revisit the $61,000 support zone. Bitcoin failed to clear the $67,000 resistance zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There was a break below a rising channel with support at $64,900…

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Lost Treasure Found? Bitcoin Miner Transfers Over $3 Million BTC After 14-Year Dormancy

April 16, 2024

Bitcoin News

According to the on-chain analysis platform Lookonchian, a long-dormant Bitcoin (BTC) wallet dating back to April 2010, recently transferred 50 BTC, equivalent to $3.328 million. Unraveling The Transaction: An Exploration of Potential Motives As reported by Lookonchian, 50 BTC mined over 14 years ago, when each block reward was 50 BTC, was divided into two…

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Bitcoin Readying For A 12-Year Bull Run To $650,000 If Bulls Take Charge: Analyst

April 16, 2024

Bitcoin News

Even with Bitcoin prices facing pressure from sellers, Willy Woo, an on-chain analyst, thinks the coin will reach new highs thanks to the launch of new Bitcoin exchange-traded funds (ETFs). In a post on X, Woo said the coin could soar to as high as $91,000 in a bear bottom but soar to as high as…

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