NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin Prices Bear The Brunt Of Long Liquidations And Geopolitical Tensions

Christian Encila
Christian Encila
1 year ago
2 mins read
Bitcoin prices

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin prices declined for the sixth day in a row Tuesday, falling about 12% from the same time last week.

BTC/USD fell to a low of $37,358.00 to begin the trading week after reaching a high of $39,394.44 on Sunday.

BTC fell to its lowest level since February 4 as it approached its long-term support of $37,200. The crypto’s price strength is now fully oversold, with the 14-day RSI tracking at 39, its lowest level in more than three weeks.

The most recent BTC drop on February 21 brought the world’s leading cryptoasset close to $37,000, but a surprise bounce in the late hours Monday saw BTC trade at $38,607.

Related Article | TA: Bitcoin Resumes Slide, Why BTC Bears Aim $35K

According to market statistics, Bitcoin is presently seeing a “tepid” demand, with the asset’s price fluctuating around $38,000, down 44.97% from its all-time high.

There were about 275K daily active entities on the Bitcoin network as Tuesday. This activity level was significantly lower than its bull market highs, indicating decreasing demand from new customers.

Sustained Liquidations Deal Heavy Blow On Bitcoin Prices

However, Bitcoin’s long liquidations continued, with more than $30 million drained in just one hour, the second-highest hourly amount in four days and the third-highest hourly amount in nearly a month.

The Bitcoin price drop appeared to shake up the market and market players; nevertheless, the coin seemed to make some attempts at recovery.

BTC is trading at $37,792.12, down 1.57% Tuesday. On the upside, the price could run across resistance near $37,800. The next significant resistance is near $38,200, above which the price might rise to $39,500.

BTC total market cap at $713.045 billion in the daily chart | Source: TradingView.com 

Related Article | Stifel says Three Macro Factors Could Drop Bitcoin Price To $10,000

Bearish Week For Ethereum

Similar to Bitcoin, Ethereum prices were down to start the week, with the world’s second-largest cryptocurrency trading over 9% lower than it was on Monday.

ETH/USD hit an intraday low of $2,585.95, its lowest level since February 3. The impending fall cross of the 10-day and 25-day moving averages, which only recently gave vital signs of more rising momentum, has been delayed by this minor bounce.

If a recovery wave occurs, the market may encounter resistance near $2,680. The following central resistance zone is at $2,750, above which the price might reach $2,880.

Fear Grips Crypto As Ukraine-Russia Tensions Escalate

Uncertainty and increasing tension between Russia and Ukraine sank the global crypto market to its lowest level this week, resulting in massive losses for investors.

Russian President Vladimir Putin has given the go-signal Tuesday for Russian forces to take two Ukraine regions reportedly held by the rebels, drawing the ire of the West.

Meanwhile, investors continued to avoid risky assets in the face of geopolitical tensions, putting downward pressure on Bitcoin and other cryptocurrencies.

The crypto community was prompted to unload their “risky” digital assets to safeguard their portfolios from additional price losses.

Featured image from Moneycontrol, chart from TradingView.com
Tweet123Share196ShareSend
Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum, ETH, Crypto

Ethereum Eyes Key Resistance As Price Reclaims $2,550 – Here Are The Levels To Watch

Ethereum (ETH) has surged 7.5% in the daily timeframe to break above a key resistance level for the first time...

Rubmar Garcia 2 hours ago
Bitcoin

Bitcoin Short-Term Upper Bound Is $117,000, Glassnode Says

The on-chain analytics firm Glassnode has revealed Bitcoin has recently been trading within a short-term band that has its upper...

Keshav Verma 3 hours ago
Whales Are Quietly Repositioning, Here’s What Bitcoin’s $107K Price Isn’t Telling You

Whales Are Quietly Repositioning, Here’s What Bitcoin’s $107K Price Isn’t Telling You

Bitcoin continues to show little upward momentum as it trades below the $110,000 mark. As of the time of writing,...

Samuel Edyme 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Trader, który przewidział wzrost XRP o 600%, typuje następnego memecoina poniżej 0,1 USD

newsbtc 16 minutes ago

BNB upgrade triggert bullish patroon: koersdoel $719 in zicht

Lars Diederiksen 56 minutes ago
Ethereum

Echoes Of 2020: Ethereum Signals Possible Bullish Rally After Reclaiming $2,600

Ronaldo Marquez 59 minutes ago

Premium Sponsors

Press Releases

  • Trader Dự Đoán Đúng XRP Giờ Gọi Tên Meme Coin

    Trader Dự Đoán Đúng XRP Giờ Gọi Tên Meme Coin...

    6 minutes ago
  • Các Đồng Coin Tiềm Năng: TOKEN6900 Gây Sốt, Gọi...

    21 minutes ago
  • MEXC Ventures Champions India Blockchain Tour 2025, Ignites...

    29 minutes ago
  • MEXC Amplifies Bitcoin Reserves by 10% While Maintaining...

    30 minutes ago
  • 5 altcoina ispod 1 € koji bi mogli značajno porasti do 2025. godine

    Alt Coin Tiềm Năng: Liệu Pudgy Penguins Có Thể...

    32 minutes ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 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.