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“# Ethereum traders expect volatility ahead of Friday’s $820M options expiry ” Ether (ETH) will face a critical $820 million monthly options expiry on Friday, Aug. 27. That will be the first time that $3,000 and higher options will have a real fighting chance, even though bulls seem to have missed a good opportunity to…
“# Price analysis 8/25: BTC, ETH, ADA, BNB, XRP, DOGE, DOT, SOL, UNI, BCH ” Bitcoin (BTC) remains on a strong footing after bears failed to capitalize on the rejection near the psychological mark at $50,000. The recent price rise in Bitcoin has not enticed longer-term investors to part with their holdings and Glassnode data…
“# VORTECS™ Spotlight: This indicator flashed bullish prior to Voyager’s (VGX) 200% rally ” VGX is the native token of Voyager, a cryptocurrency broker, and the asset is designed to generate staking rewards for its holders as well as boost their yield earnings on other digital assets. Over the last 30 days, the asset delivered…
“# Traders pile into altcoins after Bitcoin price bounces at a key support ” The wider crypto market has a wait-and-see feel to it on Aug. 25 as the price of Bitcoin (BTC) dipped to $47,360 before rebounding off the lower support of the ascending channel to reclaim the $48,000 level. Despite the swift turnaround,…
“# Ethereum supply shock: Exchange ETH reserves continue to fall after a 26% drop in 2021 ” The amount of Ether (ETH) held by all cryptocurrency exchanges has declined dramatically in the previous 12 months. Blockchain analytics firm CryptoQuant reported that Ethereum reserves on trading platforms dropped 26.29 million ETH to 19.22 million ETH year-on-year…
“# Bitcoin erases BTC price dip but $48.2K is now key to avoid bull trap ” Bitcoin (BTC) quickly regained lost ground on Aug. 25 after a brief dip towards $47,000 failed to keep bulls down. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Rebound or bull trap? Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD…
“# Bollinger Bands creator warns Bitcoin bulls as BTC price struggles below $50K ” Bitcoin (BTC) prices have recovered by more than 60% to $47,486 after bottoming out below $30,000 on July 20, triggering anticipations of an extended bull market toward $100,000. But to John Bollinger, a celebrated contributor to the field of financial analysis, investors…
“# Bitcoin loses $48K as analysts eye next zones for a potential BTC price bounce ” Bitcoin (BTC) headed down to test new support on Wednesday after a breakdown of bullish trajectory sparked predictions of $44,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Old resistance provides a backdrop for BTC price rethink Data from Cointelegraph…
“# Derivatives data shows Ethereum traders positioned to extend the ETH rally ” Ether (ETH) price rallied 32% leading up to August 23, and despite testing the $3,000 support multiple times, the level has held firmly. Meanwhile, Bitcoin (BTC) could not sustain the $50,000 mark, at least in the short-term. According to Cointelegraph, pro traders…
“# Here’s why Bitcoin bulls might trample $50K ahead of Friday’s $2B BTC options expiry ” $2 billion worth of Bitcoin (BTC) options will expire on Friday, Aug. 27. Some analysts argue that a strong call (buy) option buying activity on Aug. 22 was likely the catalyst for the recent $50,000 price test. Digital asset…