Bitcoin


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Bitcoin Snaps 6-Day Losing Streak, Holds Above $40K

The price appears to have stabilized after a nearly weeklong downdraft that marked one of the cryptocurrency’s worst-ever starts to a year.

Bitcoin's daily price chart shows the cryptocurrency rebounding after a six-day losing streak. (TradingView/CoinDesk)

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2021: The Year of the Alts

The market has decided that it likes bitcoin more than it did a year ago – but it really, really likes ether and its layer 1 rivals.

Altcoins if they were people.

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Bitcoin Falls Toward $40K, Racks Up Longest Losing Streak Since 2018

Cryptocurrency analysts had warned of the possibility of a steeper sell-off, and now traders are wondering when and where the market shakeout might end.

Bitcoin's daily price chart shows the decline toward $40,000 after a seven-day losing streak. (TradingView/CoinDesk)

Videos

Is the Bitcoin Hashrate Becoming Vulnerable to Geopolitical Risks?

According to MiningPoolStats, hash power commanded by the largest mining pools – a reasonable proxy for overall Bitcoin hashrate – shrank by a hefty 12.7% this week. The leading cause was a political event in Kazakhstan. “All About Bitcoin” fill-in host Galen Moore explains the data in Chart of the Day.

CoinDesk placeholder image

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Market Wrap: Crypto Traders Reduce Leverage, Selling Pressure Subsides

Analysts expect cryptocurrencies to stabilize given signs of healthier market conditions.

Traders on the floor at the New York Stock Exchange, New York City, USA, 2nd June 1981. (Photo by Barbara Alper/Getty Images)

Meinung

How to Stay Sane During a Crypto Crash

Crypto longtimers are unfazed by bitcoin’s recent 38% drop. Here’s why they’re so zen – and how to find your own happy place.

Things are getting rough out there, but remember: it can't rain all the time.

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Bitcoin Oversold Within Downtrend; Resistance at $45K

Upside is limited as long-term technical indicators turned negative.

Bitcoin weekly price chart shows support/resistance levels (Damanick Dantes/CoinDesk, TradingView)

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