Bitcoin drops 1.5% on US market open amid warning miners may 'capitulate' in months

📆 31/05/2022 01:15 p. m.
📰 Cointelegraph

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Well that was fast. Bitcoin takes a dip as Wall Street returns, falling in line with United States equities. (Reporting via WilliamSuberg)

"In my mind, if that happens, Bitcoin will probably also give away some of the gains made over the weekend and on Monday ."

Others focused on uninspiring long-term price signals. Kevin Svenson, a contributing analyst to on-chain analytics platform CryptoQuant, highlighted Bitcoin's 20-month exponential moving average as a source of possible future contention. "In previous cycles, Bitcoin spent 6 -> 13 months below the 20m/EMA after breaking down below it. We currently just experienced our first month below the 20m/EMA," he"If human emotion repeats, then we will be below the 20m/EMA until November 2022 ... and 13m's is May 2023."A potential silver lining for Bitcoin came in

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