BTCS is traded on a single exchange which is FreiExchange, with one pair, BTC, also trade volume is very low meaning buying or selling BTCS at the current price can be hard. Over the last thirty days, the average daily trading volume has been approximately $9.59. The rise of BTCs is a dynamic journey, transforming from an overlooked project to an asset recognized by the community. In the ever-changing world of cryptocurrency, BTCs remains committed to its ideals, injecting new energy into the Bitcoin network and presenting new possibilities for the industry.
ICP Breaks Below Key Support as Volume Surges at Resistance Test
Bitcoin was trading for $95,624 as of this writing, continuing its descent within a well-defined descending channel that has governed price action since early October. Bitcoin, Gold, and Silver prices have reached major price levels where the market could soon flip direction, because early technical indicators suggest a possible reversal. The most popular wallets for cryptocurrency include both hot and cold wallets. Hot wallets are able to be connected to the web, while cold wallets are used for keeping large amounts of coins outside of the internet.
Bitcoin’s Nvidia-Led Gains Prove Short-Lived, With Price Slumping Back to $88K
Throughout the past weekend, crypto traders and investors discussed the death cross, a technical formation on the BTC/USDT trading pair that is expected to determine Bitcoin’s next directional bias. Surprisingly, the anti-crypto stance of the Chinese government has done little to stop the industry. According to data by the University of Cambridge, China is now the second-biggest contributor to Bitcoin’s global hash rate, only behind the United States.
Bitcoin price has tumbled to its lowest level in six months, trading from below $92,000 to the $95,000s range today, only less than six weeks from hitting a record highs near $126,000 in early October. This time around bitcoin has already dropped as much as 10% since the reopening. This current drawdown is less severe than the April correction, when bitcoin dropped below $75,000 during the tariff related turmoil. The 50-day moving average for bitcoin at $110,669 is now on the verge of slipping below the 200-day moving average at $110,459, potentially triggering the death cross. This crossover is widely viewed in technical analysis as a bearish signal because it reflects weakening short-term momentum relative to the longer trend.
What’s Bitcoin Silver’s price range history?
- BTCs’s current circulating supply is 21.00M BTCS out of max supply of 21.00M BTCS.
- Prior to joining BTCS he worked domestically and internationally on projects in technology, media, natural resources, logistics, medical services and financial services.
- At current prices, that’s about $150 million in Bitcoin and $12.3 million in Ethereum.
- Gold trades near $4,081, consolidating after a brief price drop on November 14, as indicated by the long red candlestick.
Bitcoin Scrypt (BTCS) is a cryptocurrency that operates on its own blockchain. No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion. This Digitap price prediction for 2025, 2026, and 2030 goes over the main factors that could affect the project’s long-term potential and what enthusiasts think. Charles has been involved in the blockchain industry since its earliest days.
How does Bitcoin work?
Bitcoin Silver (BTCS) is primarily built for investors and cryptocurrency enthusiasts seeking a more accessible alternative to Bitcoin. Its target audience includes users looking for faster transaction speeds and lower fees, making it ideal for everyday transactions and micro-payments. The community of Bitcoin Silver aims to promote decentralized finance (DeFi) solutions while attracting developers interested in enhancing its ecosystem. Bitcoin Silver (BTCS) was launched in 2017 as a fork of Bitcoin, aiming to improve transaction speeds and enhance scalability. Developed by an anonymous team, it sought to address some of the limitations of the original Bitcoin protocol. Initially listed on several cryptocurrency exchanges, Bitcoin Silver aimed to gain traction within the crypto community by promoting its unique features and benefits.
Rising supply while price declines almost always means more holders are sending coins into the market rather than accumulating. If the charts show exhaustion, the on-chain data explains the pressure behind it. Glassnode’s circulating supply chart shows a steady increase in available BTC just as the price has been falling.
What is Bitcoin Silver?
This is exactly the type of mixed setup that usually precedes a major move. If the Bitcoin price loses the support zone and closes under $88,000, the next targets are near $81,000 and $75,000. The latest rejection earlier this week pushed the BTC price straight down into the support zone around $90,000, where buyers are finally trying to catch the move. These zones often trigger at least short-term reactions, especially when the market reaches them with momentum indicators at extremes. The Bitcoin price slipped below a major structure block and extended its move toward the broad support zone between $88,000 and $92,000.
- This area has become the key battleground for any short-term Bitcoin price prediction, as a decisive move away from it is likely to set the tone for the weeks ahead.
- It won’t flip the trend on its own, but it often sets the stage for at least a short-term bounce.
- Bitcoin Silver (BTCS) was launched in 2017 as a fork of Bitcoin, aiming to improve transaction speeds and enhance scalability.
- Canaan is still down about 38% over the last month, per Yahoo Finance, echoing recent losses across other Bitcoin miners and crypto-centric firms.
- Charles has been involved in the blockchain industry since its earliest days.
Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.” Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. Analysis was done on daily data, so all moving averages, RSI, etc.., were calculated on a daily Bitcoin Scrypt price chart. To see more analysis and outlook, please check the Bitcoin Scrypt price prediction page.
Who is Bitcoin Silver designed for?
Bitcoin price was $0 when first introduced, and most Bitcoins were obtained via mining, which only required moderately powerful devices bttc3s coin (e.g. PCs) and mining software. The first known Bitcoin commercial transaction occurred on May 22, 2010, when programmer Laszlo Hanyecz traded 10,000 Bitcoins for two pizzas. At Bitcoin price today in mid-September 2021, those pizzas would be worth an astonishing $478 million. This event is now known as “Bitcoin Pizza Day.” In July 2010, Bitcoin first started trading, with the Bitcoin price ranging from $0.0008 to $0.08 at that time. Btcs price is $0, down NaN% in the last 24 hours, and the live market cap is -.
The Volume Profile highlights a major liquidity cluster at $100,000–$105,600, which could present an overhead resistance. However, with the green horizontal bars representing bullish volume profiles, bulls are waiting to interact with the BTC price in these areas. Bitcoin is a decentralized digital currency that uses cryptography to secure transactions and control the supply of new coins.
In Business Administration as well as a Master of Accountancy from the Grossman School of Business at the University of Vermont. Benjamin Hunter (former Lead Engineer at bloXroute) is a results-driven senior engineer recognized for his leadership in the blockchain space. He has led teams developing next-generation solutions that reshape how block data is processed, relayed, and leveraged in decentralized environments. Known for building systems that efficiently manage large-scale, high-volume networks, Benjamin’s work has directly impacted core blockchain infrastructure.
Before engaging in crypto trading, please consult with a financial advisor to ensure it aligns with your financial goals and risk tolerance. CoinCheckup tracks 40,000+ cryptocurrencies on 400+ exchanges, offering live prices, price predictions, and financial tools for crypto, stocks, and forex traders. Solana price has returned to the key $131 support zone, a level that previously triggered a strong rally. Charlie Lee is the creator of Litecoin and the Managing Director of the Litecoin Foundation. He attended The Massachusetts Institute of Technology where he graduated in 2000 with a Bachelors and Masters degree in Electrical Engineering and Computer Science. In 2011, he created Litecoin in an effort to improve upon Bitcoin’s high fees, slower transaction times, and scalability issues.
Over the past 7 days, Bitcoin Silver has declined by 20.80%, underperforming the overall crypto market which posted a 1.73% decline. This indicates a temporary lag in BTCS’s price action relative to the broader market momentum. Bitcoin Silver (BTCS) is a cryptocurrency designed to enhance the original Bitcoin protocol by offering faster transaction times and improved scalability. As a blockchain-based asset, it operates on its own blockchain, providing users with a decentralized platform for peer-to-peer transactions. The primary purpose of the Bitcoin Silver token is to facilitate secure and efficient payments, making it a valuable addition to the cryptocurrency ecosystem.