• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • bitcoinBitcoin(BTC)$19,014.94-0.56%
    BITCOIN
    24H : -0.56%
    Volume : $13,782,864,036.00
    Marketcap : $362,810,026,066.00
  • ethereumEthereum(ETH)$1,059.021.94%
    ETHEREUM
    24H : 1.94%
    Volume : $8,571,275,969.00
    Marketcap : $126,606,421,637.00
  • binancecoinBNB(BNB)$217.150.590%
    BNB
    24H : 0.590%
    Volume : $505,053,640.00
    Marketcap : $35,479,761,108.00
  • cardanoCardano(ADA)$0.4491.02%
    CARDANO
    24H : 1.02%
    Volume : $469,087,253.00
    Marketcap : $15,181,167,788.00
  • rippleXRP(XRP)$0.3130.290%
    XRP
    24H : 0.290%
    Volume : $543,789,609.00
    Marketcap : $15,141,507,377.00
  • solanaSolana(SOL)$32.761.85%
    SOLANA
    24H : 1.85%
    Volume : $594,384,873.00
    Marketcap : $11,254,936,348.00
  • dogecoinDogecoin(DOGE)$0.066-1.77%
    DOGECOIN
    24H : -1.77%
    Volume : $254,585,909.00
    Marketcap : $8,703,228,390.00
  • polkadotPolkadot(DOT)$6.700.020%
    POLKADOT
    24H : 0.020%
    Volume : $275,353,009.00
    Marketcap : $7,561,981,429.00
  • shiba-inuShiba Inu(SHIB)$0.00001000-0.55%
    SHIBA INU
    24H : -0.55%
    Volume : $209,635,083.00
    Marketcap : $5,871,425,887.00
  • avalanche-2Avalanche(AVAX)$16.06-0.59%
    AVALANCHE
    24H : -0.59%
    Volume : $229,849,786.00
    Marketcap : $4,534,879,755.00
  • terra-lunaTerra(LUNA)$0.000071-5.71%
    TERRA
    24H : -5.71%
    Volume : $134,734,814.00
    Marketcap : $768,841,921.00
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

Bitcoin has rebounded above $38,000 after briefly falling below


May 1, 2022 · By MATheGooner
Bitcoin (BTC)

Bitcoin prices have been fairly volatile in the last week, and they appear to have settled above $38,000, although it briefly fell below before rebounding following a surge in interest below $38,000 by Whales. 

Bitcoin reached $37,400 and climbed to an intraday high of $38,672 on Bitstamp on May 1st, before settling at $38,387, according to TradingView.

The market has been sideways within the past day with the exception of a small skew movement, but big long orders, the majority of which were entered yesterday, have been liquidated, accounting for 81.6 percent of total liquidations, according to coinglass statistics.

126,199 traders liquidated their futures contracts across the cryptosphere in the last 24 hours, bringing the total amount liquidated to about $340 million.

Bitcoin prices were extremely volatile in April, dropping from an open price north of $45k to close with a more than 17 percent loss, the worst for the month in history, according to Coinglass data.

However, Bitcoin appears to have started May on a good note, having gained more than 2% since the new month began less than 24 hours ago. Whales increasing their bids right below the $38,000 mark on exchanges is likely to have impacted the slight uptick.

Some pretty sizable BTC bids just stepped in on Bitfinex.

Orderbook currently most skewed to the bid-side since January. pic.twitter.com/BVV0Gjhf8x

— Will Clemente (@WClementeIII) May 1, 2022

Global financial markets, including Bitcoin and the crypto market in general, have reacted to the Fed’s decision to raise interest rates for the first time since 2018 to combat growing inflation. 

Bitcoin and the majority of the crypto market have been moving in lockstep with global equities, particularly tech stocks, and have been sharing the perks of global financial market turmoil.

The bulls did not appear to favor from April’s monthly close, and the global stock market’s opening tomorrow, after completing the previous trading week in a sea of red, might reverse today’s gains. 

There are no clear clues as to what will happen in traditional markets in the coming months, which will have a huge impact on Bitcoin’s direction, so keep an eye on it and manage your portfolio wisely.

Primary Sidebar

LATEST NEWS

El Salvador buys the dip and accumulates 80 more Bitcoin despite the bearish market climate

July 1, 2022

Charles Hoskinson says Cardano needs more developers as the network ecosystem grows

July 1, 2022

The first spot Bitcoin ETF in Europe will debut this July

June 30, 2022

Polygon launches new custom blockchain scaling system ‘Avail’

June 29, 2022

Michael Saylor’s MicroStrategy acquires $10 million worth of Bitcoin despite the grim market outlook

June 29, 2022

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

ABOUT US

TodayinCrypto is a financial media brand that strives to deliver breaking, accurate and daily news about digital assets to millions of investors in the crypto industry.

We are passionate about Bitcoin and are keen to share news about the people, companies and technological developments that are changing our world.

TODAY IN CRYPTO

  • Polygon and Ethereum NFTs are being experimented on profiles by Facebook July 2, 2022
  • El Salvador buys the dip and accumulates 80 more Bitcoin despite the bearish market climate July 1, 2022
  • Charles Hoskinson says Cardano needs more developers as the network ecosystem grows July 1, 2022

Search

Tags

Aave (AAVE) Aleph.im (ALEPH) Arweave (AR) Avalanche (AVAX) Benchmark Protocol (MARK) Binance Coin (BNB) Bitcoin (BTC) Bondly (BONDLY) Bridge Mutual (BMI) Cardano (ADA) Celsius Network (CEL) Chainlink (LINK) Cosmos (ATOM) COTI (COTI) Decentraland (MANA) DeFi Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) Kusama (KSM) Litecoin (LTC) NFT OriginTrail (TRAC) PAID Network (PAID) PancakeSwap (CAKE) Polkadot (DOT) Polkastarter (POLS) Polygon (MATIC) SnowSwap Solana (SOL) SuperFarm (SUPER) Sushi (SUSHI) Terra (LUNA) The Graph (GRT) Theta Network (THETA) Tixl (TXL) Trustswap (SWAP) Uniswap (UNI) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2022 · Today in Crypto · Terms & Privacy · Log in