Bitcoin – Page 14 – BitcoTasks BLOG

SUI Crashes 23% As September Unleashes Market Panic—Is A Comeback Possible?

September 2, 2024

With the market at an extremely volatile position, SUI bears pushed their advantage forcing losses on the token’s holders. Despite strong developments on-chain, SUI still flashed red with over a whopping 23% losses since last week. On-chain, SUI continues to solidify its position in the world of DeFi. However, with the market’s sway on the…

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Bitcoin Ends August Down 8%: What To Expect From Historically Bearish September

September 2, 2024

Bitcoin News

The Bitcoin (BTC) price performance in August resulted in losses of 8.6% for the largest cryptocurrency, exacerbating the bearish sentiment in the market since reaching all-time highs of $73,7000 in March of this year. Since then, BTC has been unable to consolidate above key levels. However, this may not be the end of the bearish…

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Bitcoin At Risk Of Continued Selling Pressure Amid Market Volatility, Here’s Why

September 2, 2024

Bitcoin News

As September, often seen as a negative month for Bitcoin, kicks off, a crypto expert has pointed out that the digital asset is at risk of experiencing extended selling pressure amid recent market volatility and uncertainty. Recent data suggests that negative sentiment is growing, as more investors may want to sell their BTC in response…

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Why Is Bitcoin Price Down Today? Key Reasons Explained

September 2, 2024

Bitcoin

While Bitcoin was trading at $59,076 yesterday, it dropped to as low as $57,127 during the early Asian trading session today. BTC closed the week at $57,565, once again losing important ground needed to create a bullish reversal. The trajectory is impacted by several factors. #1: Macro Fears Of A Recession The looming threat of…

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The Curse Of September: Is Another Massive Bitcoin Sell-Off Coming?

September 2, 2024

Bitcoin

significant drop in price. September To Witness Another Bitcoin Price Drop? A crypto analyst who goes username @thedefivillian on the X (formerly Twitter) platform outlined a possible price crash coming for Bitcoin. The crypto analyst points out that the last two months have seen massive drops in price for the pioneer cryptocurrency and September will…

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Bitcoin Price Drifts Lower: Will the Grind Continue?

September 2, 2024

Btc

Bitcoin price extended losses below the $58,500 support zone. BTC is struggling and could continue to move down toward the $55,000 support zone. Bitcoin is gaining pace below the $60,000 support zone. The price is trading below $59,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance…

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Bitcoin Price Under Pressure? Analyst Explains Why Retreat Below $66,000 Is Bad News

September 1, 2024

Bitcoin

A crypto analyst has pinpointed the $66,000 mark as a crucial level for the Bitcoin price and its trajectory over the coming weeks. Bitcoin Price Needs To Climb Above $66,000 — Here’s Why Popular crypto pundit Ali Martinez took to the X platform to share an interesting on-chain observation for the price of Bitcoin. This…

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Bitcoin In ‘Neutral’ Zone: What This Means, According To Analyst

September 1, 2024

Bitcoin

Bitcoin, the crypto market leader and largest digital asset, currently trades at $58,877 following a rather negligent price movement in the last day. According to data from CoinMarketCap, the premier cryptocurrency saw more lows than highs in August, resulting in an 8.46% decline over the month. As September begins, a CryptoQuant analyst with the username…

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Bitcoin Hash Price Hits New Low — Is It Time To Buy?

August 31, 2024

Bitcoin

The price of Bitcoin failed to capitalize on its recent momentum over the past week, losing its hold above $60,000 yet again in August. As of this writing, the premier cryptocurrency is valued at $59,131, with no significant price change in the past day. Interestingly, the Bitcoin price appears to be nearing a bottom and…

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Bitcoin Set For Further Losses As Data Points To Stormy September – Details

August 31, 2024

Bitcoin

According to data from CoinMarketCap, Bitcoin has experienced a turbulent end to August, losing 7.75% of its market value in the final week. This price decline underscores the overall negative performance of the crypto market leader in the last month, with a recorded monthly price decline of 10.64%. Interestingly, amidst this downtrend, the asset’s historical…

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How Will The US Upcoming Fed Rate Cut Impact Bitcoin? QCP Analysts Weigh In

August 31, 2024

Bitcoin News

As the United States Federal rate cut is fast approaching, analysts at QCP Capital, a global digital asset trading firm and market maker has now shared their prediction on how this development could impact Bitcoin price. According to the analysts, the upcoming U.S. non-farm payroll report and Friday’s GDP data will play crucial roles in…

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