Bitcoin Price Breaks Bearish Pattern, Continues Falling: Technical Analysis Update
The bitcoin (BTC) price made a bearish breakout from a long-term pattern on May 10. After it turned into resistance on May 23, the rate of decline accelerated sharply Although a rebound may occur in the short term, price dynamics and wave analysis of the daily chart indicate that BTC is still a l ...
Bitcoin Market Value Declines as Mining Companies Sell Off Assets
Analysts at the CryptoQuant platform report that bitcoin sales by mining companies have led to a decline in the market value of the first cryptocurrency. Over the past 24 hours, miners sold about 1,750 BTC from their wallets at one time for about $47 million, which, accor ...
Cryptocurrency Companies Raised $2.6 Billion in Q1 2023, Marking a Decline in Investment Activity
In the first quarter of 2023, cryptocurrency companies raised a total of $2.6 billion in 353 rounds of investment. The analytical platform PitchBook wrote about it in a report. The platform's experts noted an 11% decrease in deal value and a 12.2% decrease in the total n ...
Economist Peter Schiff warns of significant decline in Bitcoin
Renowned economist and well-known critic of cryptocurrency, Peter Schiff, has issued a stern warning about the future of Bitcoin, stating that it is teetering on the brink of a significant downturn. Schiff took to Twitter to express his views, predicting a crash in risk assets, with Bitcoin leadi ...