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Source: Adobe/Christophe Fouquin   The crypto market saw losses across the board on Wednesday as bitcoin (BTC) once again dipped below the USD 20,000 mark, and some analysts pointed to a risk of further downside. On Wednesday at 10:30 UTC, BTC stood at USD 20,123, down by 4% for the past 24 hours and by 3% for the past week. At the same time, ethereum (ETH) traded at USD 1,133, down by 7% for the day and up by nearly 1% for the week. Other popular altcoins, including Binance ’s BNB, FTX ’s FTT, and Avalanche ’s AVAX token all saw 24-hour losses of between 7% and 8%. Notably, the market sell-off on Wednesday came as news emerged that a court in the British Virgin Islands has ordered the liquidation of the crypto hedge fund Three Arrows Capital , which has for some time been rumored to be insolvent. Sky News said it has learned that partners from Teneo in the British Virgin Islands has been lined up to handle the insolvency of the fund. It was un...

Bitcoin Approaches the Current Support with a Potential Drop to $19.8K – November 3, 2022 On November 2, BTC/USD fell to a low of $20,055, with a potential drop to $19.8K. The $20,400 resistance level has caused the upward reversal to stall. The simple line is that if buyers are unable to get through the initial resistance at $20.400, Bitcoin could experience more declines. Bitcoin Price Statistics Data: •Bitcoin price now – $20,107.68 •Bitcoin market cap – $20,107.68 •Bitcoin circulating supply – 19,197,043.00 BTC •Bitcoin total supply – $423,262,070,763 •Bitcoin Coinmarketcap ranking – # 1 Resistance Levels: $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000 Bitcoin’s (BTC) price trades above the moving average lines or the $20,000 psychological price level. The rising movement has met resistance below the $20, 400 price level after the recent dip above the $20,055 support. It follows that th...

The crypto markets did witness some form of an “Uptober” towards the end of last month. However, Arcane Research pointed out that Bitcoin (BTC), the original crypto, grew by only 5.89%. The Bitcoin spot market in October was supported by higher volume and less volatility, while also gaining from a short squeeze that gave the market a small boost. Although the short squeeze provided a much-needed push, it did little to substantially change BTC’s price. The last week of October had the most cryptocurrency short sales since July 26, 2021, according to Arcane Research. The 30-day volatility index is at a two-year low, and BTC spot volume has increased by 46% over the past seven days. Additionally, compared to the yearly average of 3%, the seven-day volatility index is currently lying at 2.2%. Source: Arcane Research Cryptoquant co-founder and CEO, Ki Young Ju, noted that Bitcoin’s (BTC) spot trading volume to derivative has reached a two -year high . Ju ...

Bitcoin Holds above $20.4K as It Tries Once More to Cross the $21K Barrier – October 31, 2022 BTC/USD is holding above $20,400 as it tries once more to cross the $21K barrier. The price movement has been stable with the appearance of a small body indecisive candlestick called Doji. Bitcoin is confined between the moving average lines. This explains a possible range-bound move for a few days. Bitcoin Price Statistics Data: •Bitcoin price now – $20,509.87 •Bitcoin market cap – $393,667,721,280 •Bitcoin circulating supply – 19,194,950.00 BTC •Bitcoin total supply – $429,958,739,471 •Bitcoin Coinmarketcap ranking – # 1 Resistance Levels : $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000 Bitcoin’s (BTC) price is consolidating above the $20,400 support and below the $21,000 resistance zone. On October 26 and 29, buyers were unable to keep the price above the $21,000 high. Each time the resistance zon...

Join Our Telegram channel to stay up to date on breaking news coverage In 2017, Bitcoin lost around 80% of its value within 12 months. However, the coin resumed an uptrend after and rallied to new highs. In 2022, Bitcoin has dropped by 66% year-to-date (YTD), marking one of the worst crypto winter s in history. Nevertheless, there are now signs that the crypto winter could be thawing. Over the past 24 hours, Bitcoin has gained to $20,598 at the time of writing. The gains made during the past two days have crypto investors anticipating that the crypto winter could be over. Is the crypto winter over? Bitcoin is now up by over 7% over the past week following a recent bull run. Altcoins are also trading in the green zone, with the largest altcoin, Ether, trading above $1500. The global market capitalization has also gained to above $1 trillion. Crypto traders are now optimistic that months of sideways price movements are over and that the crypto winter has finally ended. Bitcoi...

The bear market has taken a huge toll on the crypto industry. Bitcoin [BTC] took a backseat while altcoins were prepping for major upgrades. Despite all of this, the price and the sentiment around the crypto -verse in general remained dull. Bitcoin in particular witnessed a steep decline in interest over the last couple of weeks. As per Google Trends interest in the term “Bitcoin” recorded a sharp plummet. Source The above-seen image points out how the inclination towards the king coin peaked in June 2022. This, however, did not last too long as the interest in the king coin was on a downward spiral ever since. This notion is aligned with Bitcoin’s price action over the last couple of months. BTC has struggled to move beyond $25K. Currently, the asset continues to trade 70 percent below its all-time high of $68,789. It should be noted at press time, the king coin was trading for $20,238 with a 4.71 percent daily surge. While the latest Google Trends dat...

On 3 October, Bitcoin’s hashrate stood at 224.48 EH/s. It jumped to 266.9 EH/s yesterday, but then fell back to 244.3 EH/s. On Wednesday, however, it rebounded and went on to clinch a new all-time high. JUST IN: #Bitcoin hashrate reaches a new all-time high of 302.56 EH/s. — Watcher.Guru (@WatcherGuru) October 5, 2022 Per CoinWarz’s data, at block number 757,147 Bitcoin’s hashrate reflected an ATH value of 302.56 EH/s. At press time, yet again, another minor pullback was noted as the metric’s reading was down to 291.46 EH/s. Source: CoinWarz Impact on Bitcoin miners On one hand, a rising hashrate indicates that the network is becoming more secure. But on the other, it puts pressure on miner profitability numbers. The revenue earned per Exahash by Bitcoin miners has been in a persistent and long-term downtrend. As illustrated below, the BTC-denominated reward has been hovering around its all-time low of 4.06 BTC per EH per day. The same tr...