Bitcoin still not acting well with the strength in Nasdaq. I do think the Dollar is in the triangle I have mentioned…so should be wind in the back of cryptos the rest of the year.
Tag: cryptocurrency
Bitcoin Recedes to $27K as Fed’s Mester Favors Unabated Tightening
“I don’t really see a compelling reason to pause rate hikes,” Fed’s Mester said, validating the recent hawkish repricing of interest rate expectations in the…
Bitcoin Headed for First Monthly Loss in 6 Months
The liquidate wave from the narrative of lower inflation has now run its course and the market needs a new driver and theme to lift…
Litecoin Is Undervalued, Onchain Indicator Suggests
Litecoin has rallied nearly 31% so far this year, but is still trading at discounted prices, according to an onchain metric called the MVRV Z-score.…
Bitcoin Holds Above 200-Week Average as Dollar Index Rallies Most Since February
Analysts expect the U.S. dollar to continue gaining ground in the near-term, keeping risk assets under pressure. The heavily shorted U.S. dollar surged against the basket of…
