BTC bounces back to reclaim support at $20,400 after hitting a daily low of $19,309 on July 5, as bulls battle bears for control of the market.
Crypto markets provide a bird’s-eye view of a burgeoning crypto economy including Bitcoin (BTC) and a host of other crypto networks. The cryptocurrency market is radically different from the traditional global financial and commodities markets. Not only is the structure of these underlying assets fundamentally different, as they are natively digital and noncustodial in many cases, but the market participants are different as well.
Cryptocurrency networks such as Bitcoin feature a unique composition of stakeholders. There are the miners, which provide security and uptime to the network while earning cryptocurrency for their efforts; traders and investors navigating the ebbs and flows of the market for maximum profits; developers, who are the open-source builders working toward scaling and improving these protocols; and individual users, who may speculate or use their crypto to some productive capacity.
The dynamics among these stakeholders in these decentralized, open, permissionless systems are in striking contrast to traditional finance and are main topics of discourse in the space.
Stay tuned to news, analysis and in-depth coverage of crypto markets with Cointelegraph.
June saw the worst monthly performance for Bitcoin since 2011, but several metrics indicate that its underlying support base continues to grow stronger.2955
BTC/USD falls $1,000 while spot gold gives up 2% as USD strength intensifies, beating the year's previous peaks.9911
The USDT-to-USDC market cap ratio fell to its lowest ever in July 2022.3961
ARK argues that bearish continuation has limited room left to run, as on-chain indicators bottom out.7247
Despite the gloomy macro forecasts, some of crypto’s leading pundits view the recent macroeconomic-catalyzed crypto market crash as an overall positive sign for the industry.6915
Bitcoin and altcoins have held their immediate support levels, suggesting the start of a relief rally in the short term.9129
Bitcoin bounces to five-day highs while Ethereum rises above the $1,100 mark.23711
The holiday weekend is making everyone nervous as BTC price action hovers at $19,000.12660
Traders are taking a hands-off approach to Bitcoin and altcoins until BTC successfully flips the $20,000 level back to support.17746
Most people think of digital art when it comes to NFTs, but in the future, expiring copyrights could be preserved, refreshed and repurposed using nonfungible token technology.7397
More entities than ever are underwater at current prices, but there is little consensus over conditions improving yet.14915
Market pundits anticipate the dollar rally to either stall or correct by the end of 2022, benefiting Bitcoin.16070
The MVRV-Z Score is a tried and tested bottom indicator, but it is not back at the base yet, one analyst warns.36162
No sign of a significant shift up or down for BTC price, but volume data hints that the bottom could come in weeks or less.17586