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Cryptocurrency
How Low Could Bitcoin Price Drop?
August 06, 2024 06:35 PM AEST| By Team Kalkine MediaBitcoin experienced a significant downturn in August, marking its largest drop of 2024 and its steepest monthly decline since June 2022. The price of,Bitcoin,fell by 19% during this period, crashing below $50,000 after the Bank of Japan announced an inter...
Bitcoin Drops into Demand — Will SOL, XRP, and KAS Follow Suit?
August 06, 2024 06:30 PM AEST| By Team Kalkine MediaBitcoin has recently experienced a sharp decline, dropping below the critical $60,000 support level on August 4. The digital currency's downward trend has been exacerbated by a broader market sell-off, influenced by a 6% drop in the Nikkei and a weaker-th...
Why Trump Warns Current Administration Not to Sell Bitcoin?
August 06, 2024 06:15 PM AEST| By Team Kalkine MediaIn a recent discussion with influencer Adin Ross, former President Donald Trump highlighted the necessity for the United States to lead in the digital asset space, warning against the potential consequences of failing to do so. Trump emphasized that if th...
Traders Sold $300M in Ether as ETH Fell Below $2,200
August 06, 2024 06:05 PM AEST| By Team Kalkine MediaEther’s recent price trajectory has been notably impacted by substantial selling pressure from key market makers, leading to a significant decline in its value. This downturn has seen,Ethereum,fall from over $3,000 to below $2,100, reflecting a broader tr...
Bitcoin Sees Seller Exhaustion as BTC Price Rebounds 10%
August 06, 2024 06:00 PM AEST| By Team Kalkine MediaBitcoin displayed a notable rebound as trading on Wall Street commenced, recovering from a severe sell-off that had pushed its price below $50,000 for the first time since February. The,cryptocurrency,market's bounce from these lows signaled a moment of r...
Explore Top Alternatives to Ethereum ETFs
August 06, 2024 02:40 PM AEST| By Team Kalkine MediaSpot Ethereum ETFs have been heralded as the gold standard for Ether investments, promising a streamlined and efficient method for investors to gain exposure to,Ethereum,. Yet, despite their introduction on US exchanges in July, these ETFs face significan...
Why Bitcoin’s Current Decline Resembles the 2016 Bull Run?
August 06, 2024 02:25 PM AEST| By Team Kalkine MediaBitcoin's recent decline following the April 2024 halving is drawing parallels to the market movements observed prior to the 2017,Bitcoin,bull run, according to experienced trader Peter Brandt. His analysis highlights a striking resemblance between the cu...
Did Jump Trading Aggressive Selling Caused Crypto Market Crash?
August 06, 2024 02:20 PM AEST| By Team Kalkine MediaRecent turbulence in the cryptocurrency market has been closely linked to the actions of Jump Trading, according to QCP Group, a prominent digital asset trading firm based in Singapore. The sell-off, particularly affecting,Ethereum,(ETH), has seen signifi...
Bank of Japan’s Impact: How Yen Carry Trade and Crypto Markets Were Affected
August 06, 2024 02:14 PM AEST| By Team Kalkine MediaHighlights:,Market,Downturn Triggered by Yen Strengthening,:,On August 5, cryptocurrencies like Bitcoin and Ethereum experienced significant declines due to the Bank of Japan's rate hike, which strengthened the yen and made yen-denominated loans more expe...
Bitcoin ETF Trading Volume Surges to $1B Amid Crypto Crash
August 06, 2024 02:10 PM AEST| By Team Kalkine MediaThe recent surge in trading volumes for Bitcoin exchange-traded funds (ETFs) highlights increased investor activity during a period of significant market turbulence. On August 5, trading volumes for,Bitcoin,ETFs surpassed $1 billion shortly after markets ...
Was Jump Trading’s Ether Dump a Smart Decision?
August 06, 2024 02:05 PM AEST| By Team Kalkine MediaThe cryptocurrency market has been rocked by Jump Trading’s recent decision to offload substantial amounts of,Ethereum,, leading to significant market speculation and analysis. This major liquidation of assets coincided with a historic crash in Japan’s st...
Bitcoin Price Targets Lower: Traders Eye Sub-$40K Range
August 06, 2024 01:47 PM AEST| By Team Kalkine MediaHighlights:,Bitcoin's,Significant Drop:,(,Bitcoin,),fell below $50,000 on August 5, dropping,nearly 31%,in three days and wiping out $500 billion from the crypto market. This decline has been described as a rare event occurring once every 7-10 years.,Larg...
US Bitcoin and Ethereum ETFs Surpass $6B in Volume During Market Downturn
August 06, 2024 01:30 PM AEST| By Team Kalkine MediaHighlights:,Sharp Bitcoin Decline,:,On August 5, Bitcoin’s price fell below $50,000, leading to a significant increase in trading volumes for US cryptocurrency ETFs. Bitcoin ETFs saw a total daily volume of $5.24 billion, with BlackRock’s iShares Bitcoin ...
Bitcoin Dominance Rises to 58% Amid Altcoin Decline
August 06, 2024 01:05 PM AEST| By Team Kalkine MediaBitcoin dominance has reached a new yearly high of 58% as the cryptocurrency market, along with broader financial markets, faces a dramatic sell-off. This surge in Bitcoin's market share comes amidst a substantial decline in,Ethereum,'s value and signific...
Bitcoin Plunges Below $53K, Destroying $600M in Leveraged longs
August 05, 2024 10:02 PM AEST| By Team Kalkine MediaIn a dramatic turn of events, the cryptocurrency market has experienced a sudden and severe downturn, erasing over $600 million in leveraged long positions. This sharp decline, which saw (,Bitcoin,) and Ether plummet within hours, has triggered widespread...
Bitcoin Plummets Below $55K as Geopolitical Tensions Roil Crypto Market
August 05, 2024 04:55 PM AEST| By Team Kalkine MediaHighlights:,Bitcoin Decline,: (Bitcoin) fell below $60,000 for the first time since July 13, dropping nearly 10% over the weekend to around $54,348.20, influenced by geopolitical tensions and market sell-offs.,High Liquidations,: The crypto market saw $62...
Bitcoin Plummets to $53K, Ether Dips into Negative Territory for 2024 Amid Market Panic
August 05, 2024 04:29 PM AEST| By Team Kalkine MediaHeadlines:,Crypto Market Selloff:,(Bitcoin) (BTC) and (Ether) (ETH) experienced significant declines, with BTC dropping to February levels and ETH falling to prices not seen since December. Over the past 24 hours, BTC is down 12% and ETH has lost 21%, era...
Ether Drops 20% Following $46M ETH Transfer by Trading Firm
August 05, 2024 03:45 PM AEST| By Team Kalkine MediaHeadlines:,Ether Price Drop: Ether,(ETH) fell by 20% within 24 hours, reaching a seven-month low of under $2,100 during Monday's Asian trading hours, following large transfers of ETH to centralized exchanges by a major trading firm.,Jump Trading's Moves:,...
Is Bitcoin Heading Toward a New Price Peak?
August 05, 2024 12:00 AM AEST| By Team Kalkine MediaBitcoin, the leading cryptocurrency, is currently experiencing significant speculation regarding its potential macro price top. Analysts are divided on whether (,Bitcoin,) could reach as high as $120,000 or if the price peak will be more conservative. To ...
5 Bitcoin Insights for this Week
August 05, 2024 12:00 AM AEST| By Team Kalkine MediaIn an unprecedented downturn, Bitcoin has suffered a dramatic $20,000 decline within a week, while,Ethereum,has retreated by nearly 40%. This sharp drop in cryptocurrency values coincides with a sweeping correction across global stock markets, highlightin...
