Bitcoin’s 50-Day Moving Average in Focus for Crypto Analysts After 11% Price Pullback
A break below the average would call into question the bull market’s strength, one analyst said. Bitcoin (BTC) has come under pressure of late amid…
Tag: Markets
Bitcoin’s Dominance Rate Runs Into Familiar Resistance, Hints at ‘Altcoin Season’ Ahead
Bitcoin’s dominance may have peaked, one observer said. The increase in bitcoin’s (BTC) dominance rate, or the largest cryptocurrency’s share of the overall crypto market, has…
Crypto Twitter Thinks the Fed’s $297B Balance Sheet Expansion Is ‘QE’, But It’s Not
According to some observers, the latest expansion in the Fed’s balance sheet is not outrightly stimulative like the one seen following the coronavirus-induced crash of…
Liquid Staking Replaces DeFi Lending as Second-Largest Crypto Sector
The value of cryptocurrencies deposited in liquid staking protocols has increased to about $14 billion, trailing just deposits at decentralized exchanges. Liquid staking, which allows…
Tokens of Optimism Ecosystem Surge as Coinbase Unveils Its Layer 2 Base
Coinbase said Thursday that it is leveraging Optimism’s technology to launch an Ethereum layer 2 scaling product, Base. Nasdaq-listed centralized digital assets exchange Coinbase (COIN)…
Crypto Analysts Scramble to Explain Bitcoin’s Pause Near $25K
Bitcoin is struggle to establish a foothold above $25,000, a level that capped the August 2022 price bounce. Bitcoin’s (BTC) upswing has come to a…
Bitcoin Primed to Rally to $56K as Nasdaq Breaks Out of Bull Flag, Chart Analyst Says
Analyst, who correctly predicted the late 2020 bull run, said 2023 could be a surprisingly good year for both crypto and equities. “Based on the…
Bitcoin Market Sentiment Is Most Bullish in 14 Months With US Jobs Report Due
The cost of holding a bullish long position in perpetual futures tied to bitcoin has jumped to the highest since the dizzy bull market days…
Bitcoin’s Upswing Is Reminiscent of 2019 Bull Revival
The action four years ago coincided with the Fed taking its foot off the tightening pedal. Bitcoin has rallied almost 40% in January and the…
Dogecoin Futures Rack Up Nearly $90M in Liquidations Over Weekend in Unusual Move
There’s some $647 billion of open interest on dogecoin futures as of Monday. Dogecoin trading over the weekend saw the shiba inu-themed meme coin reach…