NFT News by Thebittimes.Com

Bitcoin was back in the green on Saturday, as bulls returned to cryptocurrency markets to start the weekend. The token moved closer to a peak of $21,000, rebounding from Friday’s sell-off in the process. Ethereum was also higher in today’s session, climbing by nearly 10%. Bitcoin Bitcoin (BTC) rebounded from Friday’s sell-off in today’s session, as the token moved closer to a breakout of $21,000. Following yesterday’s low of $20,132.50, BTC/USD surged to an intraday high of $20,988.39 to start the weekend. Today’s move sees the world’s largest cryptocurrency hover close to its highest level in nearly six weeks. BTC/USD – Daily Chart As a result of today’s move, the 14-day relative strength index (RSI) is now nearing a ceiling of its own. Price strength has already failed to break out of the aforementioned resistance of 66.00 earlier this week, however bulls seem set on retesting this point. Should a breakout occur, ...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin experienced one of its most severe crashes in 2022, with the BTC price falling below $20,000 since June of this year, after peaking at $68,000 in 2021. However, the current market sell-off does not imply that Bitcoin crashes and bear markets will be limited to 2022. Since the first Bitcoin block, or the genesis block, was mined in January 2009, Bitcoin has seen its fair share of crypto winters. As we zoom out on the Bitcoin price chart, we notice five of the most notable price drops in the cryptocurrency’s history. Bitcoin’s price plummeted from $32 to $0.01 in 2011 20 months to retest previous high: (June 2011–February 2013) Bitcoin’s price broke its first major psychological barrier of $1 in late April 2011, launching its first-ever rally to $32 on June 8, 2011. But the happiness didn’t last long, as Bitcoin’s value dropped to $0.01 in a matter of days. The s...