BTC

Despite a cryptocurrency market downturn marked by the collapse of Terra's $LUNA and its UST stablecoin, institutional investors are banking on the flagship ...

Bank of America's experts expect an ongoing correlation between Bitcoin and equities to persist in the foreseeable future. As per the on-chain analytics firm Glassnode, when BTC was trading at around $33,800, around 60 percent of BTC investors were earning profits and the rest 40 percent had unrealised losses. According to the reports, these falling prices have led to unrealised losses for at least 40 percent of bitcoin investors.

Analysts expect greater price swings because of macroeconomic risks and ongoing stablecoin woes.

On Wednesday, the implosion of the TerraUSD stablecoin kindled wide-spread panic in the crypto space. But 24 hours later, things have calmed down ...

Terraform Labs halted and then restarted its Terra blockchain in the wake of the collapse of TerraUSD and its related Luna token. Tether, the largest stablecoin used in cryptocurrency markets to facilitate trading, recovered from a mini-crash, soothing frayed trader nerves that its troubles might spill into the broader market. On Wednesday, the implosion of the TerraUSD stablecoin kindled wide-spread panic in the crypto space.

The stablecoin price action is creating a big movement toward de-risking in the cryptocurrency market. This appears to be crypto winter. Plan accordingly. A ...

Bitcoin has broken below the $30000 level seen as a critical level of technical support. Click here to read our forecast for BTC-USD at the end of 2022.

We don't see a scenario where Bitcoin and the Nasdaq-100 ( QQQ) are going to diverge materially in terms of trending direction. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. A resolution to the Russia-Ukraine crisis may be positive for global growth expectations and add a bid to asset prices getting past a layer of uncertainty. Bitcoin has always been high-risk, but the message we have here is that it's even more speculative now. BTC is down 39% year to date compared to a 27% decline in NASDAQ. We note that the correlation between BTC and the NASDAQ has trended higher all year meaning both are moving relatively in sync on a day-to-day basis. It's true the price of Bitcoin is still up over the last several years and that many of the long-term bullish factors are still in play. The market respected that technical level in Q2 last year when it first tested $30k before the brisk rally to a new all-time in October. It's different this time, with the move under $30k likely triggering sell signals. The challenge with Bitcoin is that it's up against many of the same headwinds facing the broader market and other risk assets. If there is a silver lining, it's true that this isn't Bitcoin's first time at the selloff rodeo. For us, the $30k BTC price level represented a proverbial line in the sand. Trading down to its lowest level since Q4 2020, any purchase of BTC or nearly any other major cryptocurrency in the period is now underwater.

Bitcoin's price jumped over the $30000-mark and other Cryptocurrencies were recovering following the collapse of TerraUSD.

The second largest cryptocurrency, Ethereum, was up by over 12 per cent to $2,098. The slight growth comes as a relief for investors who watched it fall significantly. The world's most popular cryptocurrency was recovering after it fell to a 16-month low.

Bitcoin and Ethereum hovered just under key psychological levels, as the global cryptocurrency market cap declined 2.2% to $1.2 trillion at press time.

— Ali Martinez (@ali_charts)— Ali Martinez (@ali_charts) #Bitcoinwhales continue to exit the network! The number of addresses with a balance greater than 1,000 $BTCdropped to a three-month low of 2,237 addresses. — Ali Martinez (@ali_charts)— Ali Martinez (@ali_charts) #Ethereumwhales are buying the dip! Key whale addresses dumped a total of $710 million in USDT on Thursday — the single largest one-day dump from 100,000 to 10 million USDT addresses in Tether’s history, according to Santiment. In case there was any doubt on the seriousness of— Santiment (@santimentfeed) #Tetherlosing its $1 peg, key whale addresses have dumped a total of $710M in $USDTtoday. This is the largest one-day dump from 100k to 10M $USDTaddresses in #crypto's largest #stablecoin's history. The panic only worsened as Tether (USDT) — the largest stablecoin by market capitalization — started to lose its peg to the dollar as investors began to redeem the coin for dollars.

Stablecoin woes hit the crypto markets once more on Thursday. A Tether recovery to $0.99 restored confidence and a bitcoin recovery from $25836.

Looking at the EMAs and the 4-hourly candlestick chart (below), it is a bearish signal. A fall through the pivot would test the First Major Support Level at $26,475. The Second Major Support Level sits at $24,027. The Third Major Resistance Level sits at $36,779. On Monday, the market cap had hit a current week high of $1,569 billion before the TerraUSD and Terra LUNA implosion. Late in the day, bitcoin retested resistance at $30,000 before easing back.

Bitcoin retreats to its realized price for the first time since March 2020 as BTC price bounces hard.

USDT/USD traded at 2% below dollar parity at the time of writing. “The USDT peg is restoring already, which is a good sign,” Cointelegraph contributor Michaël van de Poppe wrote in one of many tweets on the day: As the largest stablecoin, Tether ( USDT), saw its United States dollar peg slip, two camps emerged, one accusing Tether of malpractice and another confident that the peg would soon be restored — unlike that of imploded U.S. dollar stablecoin TerraUSD (UST).