El Salvador’s Bitcoin Fortune Nosedives with At Least $11M Loss: Bloomberg Analysts

el salvadors

With the crypto market witnessing massive liquidations affecting retail and institutional investors, El Salvador has also been on the receiving end with a loss of more than $11 million, given that it holds at least 1,391 Bitcoin, according to Bloomberg. (Read More)Source blockchain.news

Bitcoin Needs to Reclaim $53,000 before a Bull Run to be Reignited

bitcoin needs to reclaim 53000 before a bull run to be reignited

With the price staying below the short-term holder (STH) cost basis for nearly a week, on-chain analyst Will Clemente believes that Bitcoin needs to reclaim the $53K area if a bull run is to be reignited. (Read More)Source blockchain.news

Bitcoin Might Explode Soon as Bollinger Bands Continue to Shrink

bitcoin might explode soon as bollinger bands continue to shrink

On-chain analyst Matthew Hyland believes the current consolidation in the Bitcoin market might be the calm before the storm because the Bollinger Bands (BB) have shrunk to levels last seen in October 2020 when the price was at $10,000. (Read More)Source blockchain.news