Bitcoin News Thebittimes.Com

Bitcoin, the world’s leading cryptocurrency is hovering around the $19,400 mark on Monday. The king crypto briefly crossed $20,000 last week before falling to the $19K levels again. BTC is facing stiff resistance at $24,900 and is repeatedly being rejected at these levels since August 2022. The crypto is currently unable to push its value above the $20,000 mark and it is mostly trading sideways in October. Also Read: Bitcoin dominance at 2018 support level: Recovery finally? Bitcoin Latest News Today Source: Wallpaperflare.com The progress toward the next Bitcoin halving currently surpassed 60% on Sunday. As per estimates, the complete BTC halving might occur during the second half of 2023. However, many other statistics estimate that the Bitcoin halving might complete only in 2024 and not in 2023. Source: buybitcoinworldwide.com You can read more details about Bitcoin halving hashrate here for a better understanding. BTC Price Prediction The S&P 500 index is...

Bitcoin briefly slipped below the $19,000 mark on Monday as the S&P 500 index was down 54.85 points on Friday. The S&P 500 index fell 1.51% to reach 3,585 and it is now close to its March 2020 lows. On the other hand, Dow Jones tumbled 9% on Friday and was down 500 points in the day’s trade. The markets printed new lows in Q3, 2022 which may pave the way for another depreciating quarter. Also Read: Celsius founder withdrew $10M prior to bankruptcy filing Pseudonymous crypto analyst Cantering Clark warned investors that if the S&P 500 continues its bearish streak, Bitcoin could correct 40% from its current levels. The analyst stated that if the S&P 500 dips to 3200 to 3400 levels, Bitcoin could go down with it and touch $12,000 to $13,000. “If the S&P 500 drops down to the next major region between 3200-3400. I think the right assumption would be that crypto beta would be at least 2-3x that, which at a minimum means Bitcoin retests the ledge of...