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Bitcoin price soared back above $71,000, but BTC options data shows pro traders are still extremely cautious about the sustainability of the rebound rally. Is the sell-off really over?
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin and altcoins saw strong double-digit price rebounds after this week’s brutal sell-off, but do technical charts forecast a longer-term recovery, or is today’s rally just a dead cat bounce?
Bitcoin Magazine Strategy ($MSTR) Soars 25% as Bitcoin Rebounds Shares of Strategy ($MSTR) surged sharply Friday, lifting more than 25% at times, trading near $133, after a brutal prior session left...
Bitcoin Magazine Bitcoin Price Roars Above $71,000 After Days of Sell-Offs The bitcoin price rebounded sharply Friday after a steep sell-off over the previous 24 hours, climbing briefly climbing abov...
Bitcoin Magazine Michael Saylor Says Strategy ($MSTR) Will Lead Global Bitcoin Effort Against Quantum Threats Strategy’s ($MSTR) Executive Chairman Michael Saylor said on the company’s fourth-q...
Bitcoin Magazine Bithumb Accidentally Sends Large Amounts of Bitcoin to Users, Triggers Price Crash Amid Market Selloff South Korea-based cryptocurrency exchange Bithumb reportedly made an operationa...
An internal reward distribution mistake briefly sent bitcoin prices sharply lower on South Korea’s Bithumb exchange after users were mistakenly credited with large phantom balances.
Bitcoin bear market momentum sparked a record crash below the 200-day simple moving average as analysis expected BTC price "mean reversion" next.
Some recipients reportedly sold the coins before the exchange's "internal control system and promptly restricted transactions."
Over $2.6 billion was wiped out across the crypto market as institutions saw sub-$60,000 BTC as a buy-the-dip opportunity.
Bitcoin fell by more than $10,000 in a single day for the first time, with BTC price bear market analysis warning that a rebound could take several years.
