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This Bitcoin Price Pattern Has Emerged 3 Times Since Late 2023, Triggering Corrections

Since late 2023, Bitcoin has experienced notable price corrections influenced by repeated patterns. Recently, it fell to $98,951, testing critical moving averages - the 365-day simple moving average at $102,055 and the 365-day exponential moving average at $99,924. Long-term investors have been reducing their holdings, dropping from 14.7 million BTC in July to 14.4 million BTC, marking the third significant profit-taking phase since late 2023. Each wave of selling has generated downward pressure, contributing to price consolidations or corrections exceeding 10%. For instance, earlier instances occurred post-April and during the November 2024 rally.

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Record $1.26B Outflow Hits BlackRock Bitcoin ETF as Bearish Options Cost Soars

BlackRock's Bitcoin ETF, IBIT, has encountered a monumental net outflow of $1.26 billion in November, marking the most significant withdrawal since its inception in January 2024. This outflow comes amidst a price decline of 16%, bringing the share price down to $52, a level not seen since

Mastercard Picks Polygon to Bring Verified Usernames to Self-Custody Wallets

Mastercard has announced its collaboration with Polygon to introduce a system allowing users to send cryptocurrencies using verified usernames instead of lengthy wallet addresses. This new feature, referred to as the Mastercard Crypto Credential, aims to enhance security and user-friendliness in crypto transactions. By utilizing the services of Mercuryo, a

Bitcoin Dominance is Bleeding With Price, But Market Observers Say Altcoin Season is on Hold

Bitcoin's recent decline in price and dominance rate indicates a broader market deleveraging rather than a straightforward rotation into altcoins. While Bitcoin has dropped nearly 16% this month, its dominance has slipped from 61.4% to 58.9%. Despite speculation about an upcoming 'altcoin season', many

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