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“# Altcoins see a 35% bounce after Bitcoin reclaims $43,000 ” The sharp correction that threatened to pull Bitcoin and altcoin prices back toward their sing lows appears to have dissipated now that Evergrande informed investors that it intends to make an on-time payment on its debt. With global markets feeling reassured, major equities, Bitcoin…
“# Bitcoin bounces again after briefly losing $40K support — Watch these BTC price levels ” Bitcoin (BTC) bounced from a second $40,000 retest on Sept. 22 as China calmed global market fears over Evergrande. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView China keeps up Evergrande cash injections Data from Cointelegraph Markets Pro and TradingView…
“# Evergrande crisis: Buy the dip or bail? Pundits weigh in ” As the prospect of Chinese property giant Evergrande defaulting on $305 billion worth of debt looms, pundits are weighing in on how the firm’s bankruptcy could impact the legacy and crypto markets. Speculation as to whether the real estate investment giant will default…
“# ‘Extreme fear’ as Bitcoin falls below $40K … and then bounces ” The price of Bitcoin has slumped below $40,000 for the first time in six weeks. The slide took place near the close of the day on Sept. 21, with BTC prices having drawn down by 16% from nearly $47,300 at the start…
“# Key Bitcoin options ‘fear’ indicator reflects traders’ regulatory concerns ” After 46 consecutive days of trading above $42,000, Bitcoin (BTC) price started to show weakness on Sept. 21. Over the last three days, the 13% accumulated loss was enough to erase the hard-earned gains added since Aug. 6. Historicals also show that the previous…
“# Fear & Greed Index suggests Bitcoin’s price is undervalued ” Recent data from the Crypto Fear & Greed Index indicates that the cryptocurrency market is experiencing a period of investor fear with a 3-month low score of 27 out of 100. By utilizing leading cryptocurrency asset Bitcoin (BTC) as the markets representative, the seasoned…
“# Ethereum ‘head & shoulders’ chart pattern puts ETH price at risk of dropping to $2K ” Ethereum’s native token Ether (ETH) rates may fall to a two-month low after it slid below support at around $2,954, based on a classic trading pattern. The $2,954 level represents a so-called neckline constituting a head and shoulders…
“# Bitcoin in ‘good shape’ as long as BTC price stays above $40K — Mike Novogratz ” Bitcoin (BTC) won’t be making Galaxy Digital CEO Mike Novogratz “nervous” unless it dips below $40,000. In an interview with CNBC on Sept. 21, the infamously bullish investor calmed fears about the latest sell-off across cryptocurrency. Novogratz on…
“# Bitcoin bounces to $43K ahead of fresh crypto comments from SEC Chair Gensler ” Bitcoin (BTC) bounced off $40,000 on Tuesday as attention returned to United States regulators. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $45,000 target emerges for bulls Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $43,000 Tuesday ahead of fresh…
“# Traders buy the Bitcoin dip even as Evergrande’s implosion rocks stock markets ” Bitcoin (BTC) investors seem concerned about the increasing speculation that China’s second-largest property developer, Evergrande Group, will default on its $300 billion in debts. These fears manifest in global equities markets which saw a 1.5% to 3% drop at this morning’s…