BTC

Bitcoin fell below $30000 for the second time this week. However, today's plunge saw prices fall to their lowest level since December 2020.

Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. However, bears could still attempt to push this towards a floor of 19. Bitcoin fell below $30,000 for the second time this week, however today’s plunge saw prices fall to their lowest level since December 2020. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Similar to BTC, relative strength in ETH also fell to a multi-month low on Thursday, and is now trading below 25. Looking at the chart, the 14-day RSI is now at 23, which is still close to a five-month low.

The stablecoin price action is creating a big movement toward de-risking in the cryptocurrency market. This appears to be crypto winter. Plan accordingly. A ...

BTC price is in a freefall and data suggests bears plan to keep the price below $30000 until the May 13 options expiry.

The number of options contracts available on May 13 for call (bull) and put (bear) instruments varies, depending on the expiry price. Bitcoin bears need to hold the price below $30,000 on May 13 to secure a $260 million profit. With this said, bears have greater odds of suppressing BTC below $30,000 before the May 13 options expiry. If Bitcoin's price remains below $30,000 at 8:00 am UTC on May 13, only $1 million worth of those call (buy) options will be available. Nubank, the largest digital bank in Brazil and Latin America, also announced that it would allocate roughly 1% of its net assets to Bitcoin. Shopify (SHOP), one of the largest Canadian e-commerce companies also saw its stock plunge by 28%.

Bitcoin has finally broken below $30000 and should be ready to bottom soon. Read more to find out why I'm still bullish on BTC.

Bitcoin's price jumped over the $30000-mark and other Cryptocurrencies were recovering following the collapse of TerraUSD.

The second largest cryptocurrency, Ethereum, was up by over 12 per cent to $2,098. The slight growth comes as a relief for investors who watched it fall significantly. The world's most popular cryptocurrency was recovering after it fell to a 16-month low.

Stablecoin woes hit the crypto markets once more on Thursday. A Tether recovery to $0.99 restored confidence and a bitcoin recovery from $25836.

Looking at the EMAs and the 4-hourly candlestick chart (below), it is a bearish signal. A fall through the pivot would test the First Major Support Level at $26,475. The Second Major Support Level sits at $24,027. The Third Major Resistance Level sits at $36,779. On Monday, the market cap had hit a current week high of $1,569 billion before the TerraUSD and Terra LUNA implosion. Late in the day, bitcoin retested resistance at $30,000 before easing back.