Bitcoin Holds Steady at $27.6K; Why Are XRP, AVAX Prices Pumping?
Ether fell 0.5%, Solana’s SOL fell 1.4%, while Cardano’s ADA and BNB Chain’s BNB traded flat. Bitcoin held steady above the $27,600 level Thursday as…
Tag: Markets
Bitcoin’s Implied Volatility Gauge Tops Ether for Record 20 Straight Days
The spread between dominant crypto options exchange Deribit’s forward-looking 30-day implied volatility index for ether (ETH DVOL) and bitcoin (BTC DVOL) has been consistently negative…
These 4 Charts on Households’ Finances Explain Bitcoin’s Lull
Mainstream interest in the crypto market remains low as key economic indicators show continued decline in the disposable income of the U.S. households. “2023 is…
Bitcoin Short Squeeze Lifts Prices Back to $26K
A short squeeze refers to a price rally driven by an unwinding of bearish bets. Bitcoin (BTC) jumped to nearly $26,000 during the asian trading…
Bitcoin Looks Most Oversold Since Covid Crash, Key Indicator Suggests
Bitcoin’s relative strength index has dropped well below 30 to its strongest oversold reading since March 2020. A technical analysis indicator shows extreme oversold conditions…
Crypto Exchange Backed by Fidelity, Schwab and Citadel Launches With Additional Investors
EDX Markets has a different business model than other crypto exchanges, which regulators like, its CEO Jamil Nazarali told CoinDesk in an interview in April.…
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…
U.S. Debt Deal Could Weigh On Bitcoin Price, Some Say
The Treasury’s efforts to build back cash balances after resolution of the debt limit situation might suck out dollar liquidity from system, pushing bitcoin lower.…
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…