Bitcoin erases 2021 gains as BTC price falls to 'biggest bid ever' on Binance
BTC is back at square one when it comes to this year's bull market, but unparalleled bids are doing their best to halt any further losses. Bitcoin (BTC) breaking below $30,000 has cost it almost all of its 2021 bull run gains — but a historic silver lining is ready to rescue bulls.Data from crypto exchange Binance's order book confirms that BTC/USD has almost dipped to the strongest support zone ever seen.BTC price arrives at "biggest bid ever" It has been a rough 24 hours for Bitcoin hodlers, and the rout doesn't seem to be over yet. After losing 6% overnight, BTC/USD hit lows of $29,300....
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Monday's plunge has erased almost all the gains the leading cryptocurrency had achieved in the new year.
Shiba inu’s (SHIB) 50% rise on Tuesday, seems to have inspired LEO bulls, who moved to push prices up by 61% in today’s session. The move comes as crypto markets consolidated yesterday’s gains. Biggest gainers Monday’s biggest loser, was Tuesday’s biggest gainer, as UNUS SED LEO was up by as much as 61% as of writing. LEO/USD rose to an intraday high of $8.04 during today’s session, after trading at a low of $4.82 to start the week. The move comes following a breakout of the $5.40 resistance level, which was formed last Friday, and in place up....
The XRP price remains range-bound as it has been over the past couple of weeks. As of the time of writing, the XRP price has appreciated by 1.86% over the past day, yet it has been unable to break above the $1.60 resistance. However, despite this apparent inertia, a notable shift is occurring on Binance, the world’s leading crypto exchange by trading volume. Related Reading: XRP’s Biggest Holders Just Stopped Sending Tokens to Exchanges: Last Time Was November 2021 Binance Whale Vs Retail Spread Falls To 88% In a QuickTake post on CryptoQuant, analyst Amr Taha shares an update for the XRP....
According to CoinGecko, the most prominent cryptocurrency in the world plummeted by 3.5% in the last 24 hours. Bitcoin gave up all of its gains from last week as it fell below $20,000. BTC’s price on the market right now is $19,750, and the weekly gain is in the red with a 2.6% loss. BTC moved toward a gradual and steady recovery last week. The leading cryptocurrency posted its biggest weekly gain in the previous nine weeks. It increased by 12% last week after experiencing its worst quarter in June. Related Reading | Former BitMEX CEO Arthur Hayes Says “Prepare” For A Massive....
Ethereum is testing resistance just below $2,400, caught between renewed buying interest and the lingering uncertainty that has defined the market for months. The price action looks tentative from the outside — but a CryptoQuant report is pointing to something happening beneath the surface that the chart alone does not capture. Related Reading: Bitcoin Miners Are Choosing To Hold At $74K: Changing The Supply Picture According to the report, the 14-day moving average of Ethereum’s Taker Buy Sell Ratio on Binance has surged to 1.036, its highest reading since April 2021. That means....