Category: Cryptocurrency news

Crypto Liquidations Top $75 Million As Bitcoin Tests $70,000 For the First Time in April

Bitcoin reclaimed above the $70,000 psychological level on Monday, testing levels last seen in March. The move caught traders off-guard, especially the naysayers, blowing tens of millions in positions out of the water. Bitcoin Briefly Tests $70,000, Liquidates Over $70 Million Short Positions The move above $70,000 lasted only briefly, with the pioneer crypto trading […]

Bloomberg Analyst McGlone, Who Forecasts Bitcoin Will Reach $10,000: “It Could Stabilize Under Certain Conditions”

Bloomberg senior commodities strategist Mike McGlone shared a noteworthy assessment of Bitcoin and the cryptocurrency market in general. McGlone stated that current macroeconomic conditions are putting pressure on risky assets, and that the scenario in which the Bitcoin price could fall to the $10,000 level in the long term is becoming increasingly discussed. “Bitcoin Will […]

A Key Bitcoin Signal Is Quietly Building While The Price Stays Flat: Here Is What to Watch Next

Bitcoin is struggling to reclaim $70,000. The price chart is uninspiring. And beneath it, the participants with the longest time horizons and the strongest historical track record are buying more aggressively than they have in months. A CryptoQuant report has identified a divergence that separates what the price is doing from what the market’s most […]