by Koinat | Jan 18, 2024 | Market News
Bitcoin faced intraday lows ahead of the Wall Street open on January 17, impacted by fresh criticism from JPMorgan Chase CEO Jamie Dimon during the World Economic Forum (WEF) in Davos, Switzerland. The cryptocurrency, still consolidating after recent...
by Koinat | Jan 18, 2024 | Market News
On January 17, Bitcoin miners experienced a substantial sell-off, parting with over 10,000 BTC, marking the most significant daily decline in their reserves in more than a year. Data from on-chain analytics firm CryptoQuant reveals that miner reserves dropped by...
by Koinat | Jan 17, 2024 | Market News
In a notable development, Bitcoin (BTC) has recorded its first-ever weekly “Golden Cross,” as the 50-week simple moving average (SMA) surpassed the 200-week SMA on the weekly price chart. The Golden Cross, a term derived from technical analysis, is seen as...
by Koinat | Jan 15, 2024 | Technical Analysis
Bitcoin (BTC) has experienced a more than 5% decline to $42,600 since the introduction of spot ETFs in the U.S. last Thursday, signaling a possible “sell the fact” reaction in the market. Analysis by 10x Research suggests that this sell-off may continue in...
by Koinat | Jan 11, 2024 | Market News
With the long-awaited approval of spot Bitcoin exchange-traded funds (ETFs) in the U.S., speculations about a potential 30% crash in Bitcoin’s price have circulated. However, there are compelling reasons to believe that such a scenario is unlikely, and Bitcoin...
