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“# Bitcoin price completes leg down to $37.4K as key indicator hits record ‘oversold’ level ” Bitcoin (BTC) broke through $38,000 support on June 18 but a reversal at solid support already has traders seeking fresh upside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin buy wall sees big test Data from Cointelegraph Markets Pro…
“# Traders search for bearish signals after Bitcoin futures enter backwardation ” An unusual phenomenon called ‘backwardation’ is taking place in Bitcoin (BTC) futures trading, mainly the June contract, which expires on June 25. The fixed-month contracts usually trade at a slight premium, indicating that sellers request more money to withhold settlement longer. Futures should…
“# Bitcoin retests $37K support, gold and stocks drop lower over Fed comments ” Bitcoin (BTC) price dropped another notch to $37,365 today after a failed attempt by bulls to retake the $40,000 level. The renewed slump comes as the stock market and commodities also pulled back as a result of Federal Reserve Chair Jerome Powell’s…
“# Bulls aim to reclaim $40K ahead of Friday’s $520M BTC options expiry ” Bitcoin (BTC) bulls have little reason to celebrate the 25% rally over the past nine days. After testing the $31,000 support on June 8, top traders’ optimism faded, and even the recent $41,000 high was unable to boost their expectations. Contrary…
“# “Bitcoin maximalists? They can’t stop innovation”, says Mati Greenspan ” In an exclusive interview with Cointelegraph during Bitcoin 2021 in Miami, Greenspan criticized a segment of Bitcoin maximalists for being “small-minded and insecure”, pointing out that they don’t have control over the main cryptocurrency. “They cannot stop any kind of innovation from happening. So…
“# Mirror Protocol silently rallies 30% overnight despite crypto market slump ” Mirror Protocol (MIR) emerged as one of the best performing tokens in the cryptocurrency market on May 17, even as its top trading rivals Bitcoin (BTC) and Ether (ETH) struggled to find direction after a depressive previous daily session. The MIR/USD exchange rate…
“# Bitcoin slips below $39K as Fed sends gold to 6-week lows ” Bitcoin (BTC) edged closer to $38,000 support on June 17 as comments from the United States Federal Reserve sparked a mass sell-off for gold. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin escapes gold’s fate Data from Cointelegraph Markets Pro and TradingView followed…
“# Bitcoin price edges higher as Fed inflation meeting sends DXY to 2-month high ” Bitcoin (BTC) stayed below $40,000 on June 17 as a surging U.S. dollar added to downward BTC price pressure. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC/USD bounces at $38,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading at…
“# Bitcoin price falls after Fed shifts interest rate hikes forward amid inflation fears ” Bitcoin dropped closer to a key support level and the Dow and the S&P 500 pulled back after the Federal Reserve moved forward its plan for 2 interest rate hikes in 2023. Bitcoin (BTC) price extended its losses shortly after…
“# Price analysis 6/16: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, LTC, BCH ” Bitcoin’s price (BTC) turned down from just above the $41,000 mark on June 15, suggesting that traders are halting their purchases at higher levels. Traders seem to be hesitant to take large bets until the U.S. Federal Reserve releases its…