Data shows the Bitcoin spot trading volumes have remained at high values during the past week despite the price mostly moving sideways. Bitcoin Spot Trading Volumes Have Stabilized Above $10 Billion As per the latest weekly report from Arcane Research, usually, the volumes drop when the BTC price starts to range. …
Ethereum was marginally higher on Feb. 1, as markets prepare for the upcoming Federal Open Market Committee (FOMC) meeting results. Many are expecting that the U.S. Federal Reserve will increase rates by 25 basis points, taking current rates to 4.75%. Bitcoin was in the green on Wednesday, as prices rose above $23,000. Bitcoin …
On-chain data shows the stablecoin supply long-term and short-term moving averages are close to a death cross. Here’s what it means for Bitcoin. Stablecoin Circulating Supply Moving Averages Close In On Death Cross As pointed out by an analyst in a CryptoQuant post, if the stablecoin supply doesn’t …
A crypto strategist says he’s keeping a close watch on three decentralized finance (DeFi) altcoins that he believes are showing strength amid the market consolidation. Pseudonymous analyst Altcoin Sherpa tells his 190,400 Twitter followers that decentralized exchanges DYDX (dYdX), GMX (GMX) and Injective (INJ) are “holding up very well” as …
In February of 2021, Tesla revealed its intention to sell automobiles using Bitcoin, prompting the price of the cryptocurrency to skyrocket, while also purchasing $1.5 billion worth of the crypto. One BTC was valued at around $43,000 at the time of the investment. Elon Musk, CEO of Tesla, was then quite positive about …
Just hours before the U.S. Federal Reserve’s interest rate decision today, legendary trader Michael Burry issued a warning for the financial market that could affect Bitcoin and crypto as well. The “Big Short” investor tweeted a single word today, “Sell.” Sell. — Cassandra B.C. (@michaeljburry) February 1, 2023 Burry is …
A crypto strategist who correctly called the 2018 Bitcoin (BTC) thinks that the king crypto is not yet done rallying. Pseudonymous analyst Smart Contracter tells his 219,600 Twitter followers that Bitcoin may be mirroring its Q2 2019 “echo bubble” setup when BTC meteorically rose from $4,000 to around $14,000 in a few months. “Ok so […]
Bitcoin Is in a Potential Range-bound Move as It Returns to the $23K Support – January 31, 2023 BTC/USD price experiences selling pressure again on […]
Bitcoin price started a fresh increase from the $21,500 zone against the US Dollar. The price is now trading above $22,500 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $23,240 on the 4-hours chart of the BTC/USD pair (data feed from …
BTC saw a huge number of short trader liquidations in the last month, hence the price rally. With waning buying pressure, BTC’s price might soon suffer a correction. In January 2023, Bitcoin [BTC] markets experienced their strongest monthly performance since October 2021, with a year-to-date (YTD) increase of over 43%. Glassnode, in …
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