Bitcoin price has crashed 17% since April 4 and is currently bouncing off the 200 three-day Simple Moving Average (SMA) at $39,506. This downswing was a major bearish event as BTC dropped below the bullish crossover between the 50-day and 100-day SMAs.
cryptocurrency
Bitcoin Price Could Continue to Decline As on-chain Data Suggests BTC Bears Are in Charge
Bitcoin Price: Blockchain data suggests that the leading cryptocurrency may be in a sustained bear market as over 4.7 million Bitcoins are now held at an unrealized loss. Several bearish signals indicate that the bellwether cryptocurrency could continue to decline.
Crypto Is Like a ‘Ponzi’ Scheme, India’s Central Bank Warns
In a strong warning to Prime Minister Narendra Modi’s government, a top official at India’s central bank reiterated concerns over cryptocurrency trading, likening the virtual coins to Ponzi schemes.
Crypto Can’t Beat Gold as an Inflation Hedge, Neal Bhai
The world’s second-biggest gold miner is confident prices will hold firm this year, if not rise, as investors use the metal rather than cryptocurrencies to hedge against inflation and jewelry demand picks up.
India to Consider Allowing Crypto Trading for Some Investors
Crypto Trading India: India is considering a proposal to treat cryptocurrencies as a financial asset while safeguarding small investors, according to people familiar with the matter.
Bitcoin Fell Below $50,000 Before Bouncing Back—What’s Next?
Bitcoin prices experienced some notable volatility today, dropping below $50,000 following a highly visible tweet from Elon Musk and then recovering.
This Metal Has Given More Returns Than Bitcoin This Year
There’s one metal that’s leaving all commodities — and even Bitcoin — in the dust this year. The challenge for investors is buying it.
Bitcoin Hit New Record on Sunday, Above $49,000 For the First time
Bitcoin reached a new record on Sunday, rising above $49,000 for the first time.
How is Bitcoin different from gold?
Bitcoin investors are having a wild ride. The best-known cryptocurrency reached a series of records in 2021, just three years after its price collapsed, wiping out more than two-thirds of its value.
Ether Follows Bitcoin to Record High Amid Dizzying Crypto Rally
The digital currency Ether reached a record on Monday a day after Bitcoin breached $34,000 for the first time as the surge in cryptocurrencies continues.