BTC below 40k, short-term holders drive volatility while geopolitics spook markets

With bitcoin trading mostly sideways during the weekend, without any major movement, the top cryptocurrency by market cap still fell under the important $40,000 mark. According to analysts’ data, short-term holders continue to be the main driver of bitcoin’s (BTC) volatility. The market price of bitcoin stayed around $44,000 during most of last week, printing…

Bitcoin down 50% amid fear of Fed’s hawkish rate hikes

This year has been nothing short of a blood bath for bitcoin. The market has not seen a bitcoin (BTC) price this low since July last year. Corrections in 2017, and early 2021 were much shallower – between 20 and 40 percent, whilst July 2021 reached a drawdown of about 54 percent, according to fresh…