• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
Bitcoin
Nexo Logo

Bitcoin And Ether Up As BTC Whales Get Busy Acquiring New Supply From Sellers

Jet Encila by Jet Encila
3 months ago
in Bitcoin, Crypto, Ethereum
Reading Time: 2 mins read
Advertisement

The majority of cryptocurrencies were trading in the green zone early Sunday. Bitcoin price increased 0.62% in the previous 24 hours to $42,679.03, while Ethereum’s price inched up 1.26% to $3,254.76.

According to Coindesk data, Ether, the second most traded cryptocurrency, was trading at $3,254, up 1.21%.

During the previous day’s session, Bitcoin was trading at its long-term support level, while the crypto markets continued to drop.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

BTC/USD spent the most of Saturday trading near its $42,000 support level, following an earlier low of $42,183.25.

Bitcoin, the world’s most valuable cryptocurrency, is currently worth $811,832,005,365. The total volume of bitcoin traded on WazirX in the last 24 hours is $15,699,206,138.

Ethereum’s market cap is currently $391,371,137,484, and its 24-hour trading volume on WazirX is $9,677,852,941.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Bitcoin Volatility Climbs

Bitcoin’s Saturday decline comes on the heels of Friday’s intraday high of $43,903.02, but as volatility increased, traders liquidated some positions, bringing prices lower.

With Saturday’s decline, ETH is now down over 9% in the last seven days, remaining close to its long-term basement.

Bitcoin’s price has fallen roughly 12% from its March 28 high of $48,238.

Related Article | Ripple Welcomes More Than 4,000 Artists Into Its New NFT Platform

BTC is currently grappling between the $42,076 support level and the $40,490 to $42,316 demand zone. Its price has retreated 7% in the last seven days, while Ethereum’s price has corrected to roughly 5.45%.

Additionally, alternative cryptocurrencies (altcoins) have risen and fallen in popularity as investor sentiment fluctuates between optimism and pessimism.

BTC total market cap at $825.56 billion on the weekend chart | Source: TradingView.com

Bitcoin 2022 Miami A Success

The Bitcoin 2022 conference in Miami has concluded, with more than 25,000 attendees celebrating the world’s most popular cryptocurrency and other assets.

The annual event brought together some of the industry’s most prominent figures, including Galaxy Investment Partners CEO Michael Novogratz and Paypal co-founder Peter Thiel, to discuss the state of bitcoin.

The crypto economy has expanded in the months since the COVID-19 pandemic devastated the majority of the world’s economies, with more crypto enterprises appearing and flourishing.

Bitcoin has more than quadrupled in value since before the outbreak, despite a nearly 40% decline since November’s record high.

Busy Week For BTC Whales

Meanwhile, according to the latest data, Bitcoin whales have been preoccupied purchasing new supply from sellers, with the exchange Bitfinex seeing some significant bid volumes filled.

Several cryptocurrency news outlets have previously reported on the relevance of Bitfinex whales and their recent purchasing and selling activities.

Another anonymous large-volume wallet has likewise continued to acquire millions of dollars’ worth of Bitcoin at regular intervals independent of price movement — a practice known as dollar-cost averaging.

Related Article | Apple Co-Founder Steve Wozniak ‘Feels’ Bitcoin Will Be Worth $100,000

Featured image from Marca, chart from TradingView.com

Bitcoinist bitcoin 2022 miami bannerBitcoinist @ Bitcoin 2022 Miami

Tags: bitcoinBitcoin MiamibtccryptoETHethereum
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Jet Encila

Jet Encila

Freelance writing is Jet's other cup of tea. When not on his computer, he unwinds with a bottle of beer and laughs with his son over cartoons. Other than that, he's just like everybody else who wants to be happy with their life.

Related Posts

bitcoin

Bitcoin Sets Record For Worst Quarter Since 2011, What’s Next?

5 hours ago
bitcoin ETF

SEC Still Against Spot-based Bitcoin ETFs. Is There A Light At The End Of The Tunnel?

6 hours ago
Worst Quarterly Bitcoin Crash In A Decade Closes Above Key Support

Worst Quarterly Bitcoin Crash In A Decade Closes Above Key Support

9 hours ago
bitcoin vs altcoins

Altcoins Take The Lead As Bitcoin Struggles To Hold Above $20,000

12 hours ago
bitcoin

Bitcoin Approaches 2018 Like Drawdown, Why $20,000 Is A Crucial Level

15 hours ago
Crypto Trading Volumes In India Sink Due To Heavy Taxation, What’s Ahead?

Crypto Trading Volumes In India Sink Due To Heavy Taxation, What’s Ahead?

20 hours ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
BC.Game

BC.Game

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
BC.Game

BC.Game

Review · Visit

LBank Exchange Will List IX Token (IXT) on July 7, 2022

July 6, 2022

Has Bitcoin (BTC) Finally Died? Are Financial Management Crypto Like Gnox (GNOX) The Future Of The Industry?

July 6, 2022

LBank Weekly Listing Report, 4th July 2022

July 6, 2022

Zenith’s token ZNT lists on Huobi Global, strengthening its presence among lending protocols

July 5, 2022

Chimeras Launches Open Alpha Version of Metaverse Game

July 5, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.