👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Bitcoin broke out of its record 9-week trend of closing in the red with its June 5 close at $29,997, barely above the $29,422 level required to be in the green. BTCUSD chart Bitcoin’s price showed a 5% increase for the…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Bitcoin can avoid a 10th weekly red candle in a row if it closes above $30,200 on Sunday night, June 5. The past 9 weeks have seen Bitcoin continue to close out the week down on the week before. The previous…
Disclaimer: This article contains technical analysis, which is a methodology for forecasting the direction of prices through the study of past market data, primarily price and volume. The content presented in this article is the opinion of the author. None of the information you read on CryptoSlate should be taken as investment advice. Buying and…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Bitcoin (BTC) dominance continues to break through local highs, reaching 46.5%, while Bitcoin closed its ninth weekly red candle in a row. Dominance is a measure of Bitcoin’s share of the global crypto market cap. Source: Bitcoin Dominance on TradingView Until…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Ethereum has broken a support level it has held since November 2021 on the ETH/BTC chart. Ethereum, the world’s second-largest cryptocurrency by market cap, has fallen against Bitcoin by more than 20% since its peak in December. Source: TradingView Fear of…
Analysis shows that Nasdaq has lost over $7 trillion in value amid the market sell-off in 2022. Quantum Economics founder and CEOMati Greenspan highlighted on Twitter that $7.6 trillion had left the Nasdaq in value in the current decline. Dot-Com bubble – $4.6 trillionGlobal financial crisis – $2.3 trillionCovid-19 sell-off – $4.4 trillionCurrent decline –…
Long positions on Bitcoin have hit an all-time high on Bitfinex as they spike over 60% in a day. The spike is one of the most aggressive moves up that has ever been seen on the exchange. The previous all-time high was hit in July 2021 with the BTCUSD Longs product being first introduced in…
Disclaimer: This article contains technical analysis, which is a methodology for forecasting the direction of prices through the study of past market data, primarily price and volume. The content presented in this article is the opinion of the author. None of the information you read on CryptoSlate should be taken as investment advice. Buying and…
Crypto analyst Caleb Franzen says that we’re currently in a bear market. The evidence of that is the performance of crypto-related equities, most of which have lost half of their value on the year-to-date metric. Crypto stocks decline Topping the list is MicroStrategy. The business intelligence and software company has the biggest Bitcoin holdings among…
The Bitcoin Rainbow Chart dips into the ‘Accumulate’ zone following a miserable run of six consecutive weekly red candles. As of press time, Bitcoin (BTC) was trading at $31,368.20. Since May 5, BTC has lost 21% in value, dropping from $39,600. Monday saw further sell pressure as bears pushed Bitcoin to $30,000 for the first…