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“# Ethereum, altcoins risk more downside than Bitcoin if BTC losses $30K, warns analyst ” Altcoin traders and investors should look for cover if Bitcoin (BTC) undergoes major price declines. So believes Filbfilb, an independent market analyst and co-founder of Decentrader trading suite. In a tweet published late Friday, the pseudonymous entity said a 30%…
“# Crypto traders say negative funding rates are buy signals, but are they? ” Perpetual contracts, also known as inverse swaps, have an embedded rate usually charged every eight hours. This fee ensures there are no exchange risk imbalances. Even though buyers’ and sellers’ open interest is matched at all times, leverage can vary, and…
“# Price analysis 6/25: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC ” Bitcoin (BTC) price remains jittery and throughout this week, every relief rally is being sold into. This is a classic bear market reaction and may not end in a hurry. However, the current price action should not worry investors because…
“# Bitcoin, dollar plunge while S&P 500 rallies after US inflation hits 3-decade high ” Bitcoin (BTC) and the U.S. dollar fell in tandem while the S&P 500 refreshed its record high at open on Friday as the Federal Reserve’s preferred inflation indicator surged to its highest levels in almost three decades. According to data…
“# Bitcoin sheds $2.5K amid warnings of a repeat BTC price dip ” Bitcoin (BTC) fell precipitously on June 25 after a rejection above $35,000 sparked a rout toward familiar support. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin heads back towards $30,000 Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it shed…
“# XRP price will fall to new lows vs. Bitcoin if this famous chart pattern plays out ” Ripple blockchain’s native token XRP could make a full bearish price swing against Bitcoin (BTC), as per a classic technical indicator. Dubbed as Head and Shoulders (H&S), the pattern develops when an asset forms three peaks atop…
“# World’s first Bitcoin ETF adds $3M per day throughout BTC price dip ” The world’s first regulated Bitcoin (BTC) exchange-traded fund (ETF) actually benefited from the recent price dip, data shows. As on-chain analytics service Glassnode noted on June 24, the Purpose Bitcoin ETF continued to add to its assets under management throughout the…
“# Bulls on parade: Galaxy Digital and Alameda pundits tip market recovery ” Senior traders from Galaxy Digital and Alameda Research are predicting the crypto market is set to recover once the recent wave of bad news stories subside. Markets have been in a downturn since mid-May, with Bitcoin (BTC) fluctuating between the low to…
“# Shanghai Man: China retains mining control? Alipay’s ancient NFTs and Amber’s big raise ” This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. So low you’ve got to reach up to…
“# Bitcoin hits $35K after Biden reveals infrastructure deal, Paraguay proposes BTC bill ” Bitcoin (BTC) price received a boost as news that lawmakers in Paraguay plan to present a bill to make BTC legal tender spread across Twitter. Shortly after the unconfirmed news surfaced on Twitter, Bitcoin price rallied to $35,289 before slightly pulling back…