Recent Bitcoin | Crypto

More than 10,000 Bitcoin have been sold at a loss by short-term holders in recent days, adding fuel to analysts’ predictions that BTC price will fall to $65,000. Bitcoin (BTC) price dropped to $76,500 on Monday, erasing nearly all of this month’s gains as fresh US-Iran war tensions soured the crypto market sentiment. This has led investors and traders to reevaluate their risks and stay cautious, with many recent buyers selling their BTC at a loss. Key takeaways: Bitcoin has retraced 7% from its local high of $82,800 set on May 6. The rejection from the 200-day moving averages at $82,000, the daily close below the true market mean, and the short-term holder cost basis around $78,000 have cemented a more risk-off stance among Bitcoin investors. Read more

Bitcoin's tape over the past 24 hours looked engineered for crypto investors, as BTC surpassed the $90,000 threshold in the early hours of Dec. 29, only to give back those gains less than 12 hours later. Traders like TedPillows posted clown emojis alongside charts showing repeated peaks and troughs, while CryptoSeth called it “fraud commodity” […] The post Recent Bitcoin crashes cry “manipulation” as on-chain data catches market maker dumping appeared first on CryptoSlate.