BTC

2022 - 5 - 9

Post cover — Image courtesy of "Coinspeaker"

Bitcoin (BTC) Continues Plummeting as It Nears New Price Low ... (Coinspeaker)

Bitcoin, the biggest cryptocurrency by market cap, is on the verge of trading at a new low since July 2021 if it drops below $32951.

The price has fallen in four straight days with about a 3% decline in the last 24 hours trading at the current price of $33,697 as of press time. He has been in the crypto/blockchain space in the last five (5) years. Recently, the Central African Republic became the second country in the world behind El Salvador to make Bitcoin a legal tender. Altcoins including ETH, BNB, and SOL have also lost 4% of their value in the last 24 hours. The recent condition in the US job market has raised concerns that the Federal Reserve could tighten monetary conditions faster. For some months now, the Bitcoin price had moved to and fro between $46000 and $35,000.

Bitcoin Keeps Plunging and There's No Sign of Stopping. Where the ... (Barron's)

Bitcoin and other digital assets should, in theory, trade independently of mainstream financial markets. But the recent selloff in cryptocurrencies largely ...

The price of Bitcoin has fallen 4% over the past 24 hours to below $33,300, deepening losses from over the weekend after changing hands around $36,000 on Friday. It puts the largest crypto at its lowest level since January, and a move well below $33,000 would mark a new yearly bottom and the lowest level since July 2021.... Cryptocurrency prices tumbled over the weekend and into Monday, with Bitcoin nearing a yearly low as investors continued to dump risky assets amid a tough stock market and challenging macroeconomic backdrop.

Bitcoin Flirts With Lowest Level Since 2021 as Equities Drop (Bloomberg)

Bitcoin is falling toward levels last seen in July 2021, part of a wider retreat in cryptocurrencies amid a global flight from riskier investments.

Bitcoin falls to 22-month low as stock markets tumble (Reuters)

Bitcoin fell to its lowest level since July 2021 on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in ...

Nasdaq futures were down a further 2.3% on Monday. MKTS-GLOB read more Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

Bitcoin sets new 2022 lows as analyst says trip to $24K realized ... (Cointelegraph)

Bitcoin (BTC) set a new record low price for 2022 on May 9 as crypto markets continued selling off prior to the Wall Street opening. BTC/USD 1-hour candle chart ...

“In Europe, equities are sharply lower, following the Nasdaq experiencing its sharpest one-day fall since June 2020. The largest weekly losses in the top ten belonged to Terra ( LUNA), which shed 27% on the back of controversy over its TerraUSD (UST) stablecoin. “We’ve seen renewed selling in Bitcoin and the wider digital token market as the prospect of increasing interest rates and a deteriorating economic environment continues to weigh on risk assets,” analysts at major exchange Bitfinex, meanwhile, told Cointelegraph in private comments. With the latest installment of a string of losses in May, the pair continued to trade under $33,000 at the time of writing, with weekly losses now at 15%. “A bitcoin dip down to it's realized price (average on-chain cost basis) is entirely possible and has been consistent with previous market bottoms in bear market cycles,” he began a Twitter thread by stating on May 9: Bitcoin ( BTC) set a new record low price for 2022 on May 9 as crypto markets continued selling off prior to the Wall Street opening.

Bitcoin crash: If you purchased BTC worth Rs 1 lakh last year, you ... (Financial Express)

Thinking Bitcoin will make you rich? The numbers since last year till today show that the price of the most popular crypto asset has actually fallen by over ...

However, especially in India, regulatory uncertainty and introduction of a punishing crypto tax regime are quickly turning the new-age virtual digital assets less attractive. There are several topical reasons behind the falling price of Bitcoin and other cryptos. “Usually, there is a Coinbase premium.

Bitcoin Tumbles to Lowest Since July 2021 as Market Panic Grows (Coindesk)

Cryptos slumped across the board all weekend, and added to declines Monday morning as global equity markets swooned.

First Mover Americas: Institutions Look To Be Selling BTC in Falling ... (Coindesk)

The latest moves in crypto markets in context for May 9, 2022.

Bitcoin, Ethereum Technical Analysis: BTC Slips to 10-Month Low ... (Bitcoin News)

BTC fell to its lowest level since last July, as prices dropped below $33000 to start the week. ETH dropped to a six-week low.

Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. BTC fell to its lowest level since last July, as prices dropped below $33,000 to start the week. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Should we see this level be broken, which has acted as a level of support in the past, then we could see relative strength fall to as low as 19, as on January 22. As a result of the last fall in price, the 14-day RSI is now tracking at a low of 29.50, which is its weakest point since January 26. The selloff in cryptocurrency started last week, following the Fed’s decision to hike interest rates by 0.5%. In addition to bitcoin, ETH hit a two-month low as a result of the red wave.

Cryptocurrency News Today: Bitcoin Remains Bearish After Massive ... (Newsweek)

Bitcoin (BTC/USD) Analysis · Bitcoin sees massive sell-off as demand for safe-haven assets rise · Major central banks' rate hikes continue to weigh on Bitcoin ...

The intraday trend of the pair is bearish as long as the resistance of $0.660 holds. Any close above $0.660 will take the pair to $0.7250 / $0.800, it is currently trading around $0.5461. Short-term trend reversal only if it breaches $0.9200. Any breach below $320 confirms an intraday bearishness. BNBUSD holds below $400 for the fourth consecutive day and lost more than 15 percent. The immediate resistance is around $2,501. Bitcoin showed a massive sell-off as demand for safe-haven assets like the U.S. dollar increased.

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