Tag: bitcoin low
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Can Bitcoin fall to 20k low by year end?
In recent discussions surrounding Bitcoin (BTC) and its potential future price trajectory, crypto-enthusiasts and analysts alike are finding new correlations to dissect. Will Bitcoin reduce to the low of $20k before the year runs out? Some crypto enthusiasts are drawing attention to the widely acknowledged inverse correlation between Bitcoin and the DXY (US Dollar Index).…
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If you’ve held Bitcoin for five years, you’re now sitting on a negative return
Bitcoin notable quotes 2023 The European Central Bank says bitcoin is on ‘road to irrelevance’ amid crypto collapse – “Since bitcoin appears to be neither suitable as a payment system nor as a form of investment, it should be treated as neither in regulatory terms and thus should not be legitimized.” Bitcoin mining is just…
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plummet of Bitcoin to $26.1k was a massive liquidation event
The recent plummet of Bitcoin to $26.1k was a massive liquidation event, underlined by significant changes in the cryptocurrency’s perpetual funding rate and open interest. The perpetual funding rate, a mechanism used by exchanges for perpetual futures contracts, which usually sees long positions periodically pay short positions when positive, has shifted into the negative terrain.…