Investors have turned their most bearish on Bitcoin’s short-term price outlook in more than one month, according to options market data presented by crypto data analytics website The Block.
Bitcoin could be in for a quick rebound back above the $30,000 level in the coming days if it follows in the footsteps of a historic trading pattern that looks to be unfolding.
Bitcoin (BTC) is down sharply on Wednesday, with analysts citing a massive sell order on the world’s largest crypto exchange Binance and hotter-than-expected UK inflation data as weighing on the price action.
After hitting their highest levels last month since the aftermath of the FTX cryptocurrency exchange collapse last November thanks to significant volatility and zero trading fees on BTC pairs on Binance, spot Bitcoin trading volumes have fallen significantly.
Bitcoin (BTC), the most valuable cryptocurrency in the world by market capitalization that powers the world’s first cryptographically secured, decentralized payments ledger, hit its highest level since June 2022 on Thursday to the north of the $30,600 level.
Legendary US investor and long-time crypto critic Warren Buffett has once again lashed out at Bitcoin, claiming that it is a gambling token and doesn't have any intrinsic value.
As investors are intensifying their efforts to move crypto to personal wallets, market observers interpret the latest trend as an indication of a lower ‘sell pressure’ on bitcoin (BTC), according to a recently drafted note by analysts from Bank of America (BofA).
The latest Bitcoin (BTC) price pump, which has seen the world’s largest cryptocurrency rally into the mid-$30,000s per token, has obliterated millions worth of short positions.
Self-proclaimed Bitcoin creator Craig Wright has hinted at a possible legal battle against Apple over the storage of Bitcoin white paper on its computers, claiming it violates copyright laws.
Despite repeated failures by the Bitcoin price to test the $30,000 level in recent weeks over the course of the last three weeks, investors remain bullish, according to options market data presented by crypto analytics firm The Block.
Exhibiting a consistently bullish stance on Bitcoin (BTC), Michael Saylor, the founder and executive chairman of software company MicroStrategy, has significantly expanded the firm's crypto exposure through a recent substantial investment.