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“# 16% Ethereum price rebound activates a classic bullish pattern — $2.5K next? ” Ethereum’s native crypto Ether (ETH) rebounded sharply on Thursday after Elon Musk disclosed for the first time that his private rocket firm SpaceX holds Bitcoin (BTC), and Tesla would probably resuming the bitcoin payment option for its electric cars. The BTC/USD…
“# Decoupling ahead? Bitcoin and Ethereum may finally snap their 36-month correlation ” Anish Saxena, a New Delhi-based automobile dealer, made “incredible” profits by investing in cryptocurrencies in 2020, just as his business took a hit from the coronavirus pandemic-induced lockdown. “I had known about Bitcoin and Ethereum and dozens of other assets for years,”…
“# Bitcoin price hits $32K but derivatives metrics still show signs of weakness ” There’s no doubt that the last couple of months have been bearish for Bitcoin (BTC), but throughout this entire period, derivatives indicators have been relatively neutral. This could be because cryptocurrencies have a strong track record of volatility, and even 55%…
“# Trading firm of richest crypto billionaire reveals buying ‘a lot more’ Bitcoin below $30K ” Bitcoin’s (BTC) painful plunge below $30,000 on Tuesday turned into a so-called “buy the dip” opportunity for Alameda Research, a Hong Kong-based quantitative trading firm and liquidity solutions firm headed by FTX CEO and founder Sam Bankman-Fried. Quantitative trader…
“# $13K Bitcoin price predictions emerge with BTC falling below historic trendline ” Bitcoin (BTC) prices broke below a long-standing support wave that was instrumental in keeping its strong bullish bias intact after March 2020’s crypto market crash. Dubbed the 50-week simple moving average, or 50-week SMA, the wave represents the average price traders have…
“# No hard fork love for Ethereum as ETH price falls to a three-week low ” Ether (ETH) prices slid in tandem on July 20, in tandem with Bitcoin’s (BTC) drop below $30,000. The ETH/USD exchange rate dropped 5.41% to an intraday low of $1,720 — or roughly $400 above its 2018 all-time high price,…
“# Axie Infinity (AXS) axes almost half its value following 971% bull run ” A supersonic rally in the Axie Infinity market that saw its native token AXS surge by 972% in just 23 days is now risking exhaustion. AXS price Fib fractal The AXS/USD exchange rate plunged to as low as $16.02 on Monday,…
“# Historically low spot volumes and investor indecision weigh on Bitcoin price ” If one word could be used to describe how the majority of participants in the cryptocurrency ecosystem feel about the near-term outlook for Bitcoin (BTC) it would be ‘undecided’, as mixed signals from all manner of indicators have many traders waiting for…
“# Bitcoin price set to rebound? BTC shorts on Bitfinex crash by 25% after record spikes ” Bitcoin (BTC) bears should watch out for a potential blow as the number of margined short positions on the Bitfinex exchange crashes by roughly 25%. The dataset dropped to 11,066 BTC as of 12:20 GMT Saturday, compared to…
“# Altcoin Roundup: Data shows social metrics surge ahead of DeFi and NFT price rallies ” A common saying in the investing world is “The trend is your friend,” a phrase that points to the idea that the majority of the time, sticking with the prevailing market trend will produce positive results. Some of the…