Bitcoin Finally Sees Relief As institutions buy the dip
Bitcoin (CRYPTO: BTC) rallied tremendously yesterday, as it soared above the short-term range between $28,500 and $30,600.
TAG Balenciaga And Gucci Begin To Accept Crypto Payments
Global and crypto markets rallied yesterday, before Bitcoin (CRYPTO: BTC) plunged and decoupled from equities in the opposite direction to which crypto bulls would like. Snapchat fell 28% after earnings yesterday, causing additional panic in the markets leading to the Nasdaq, in particular, selling off.
What does Sony’s Metaverse Plans Mean For Theta Network?
Bitcoin (CRYPTO: BTC) has broken out of a symmetrical triangle pattern to the upside, after a rally on Sunday evening. It is best to proceed with caution after the rally on Sunday, particularly on low volume, as they typically reverse.
Global Markets Eagerly Await FOMC Decision
Today is set up for huge volatility, as the Federal Open Market Committee (FOMC) meet to announce their decision on how much they will raise rates. This event has led most investors to sell equities and crypto over the past month, as they fear a 50-basis point rate hike, which seems highly likely.
Bitcoin whale holdings reaches highest level since September
Bitcoin (CRYPTO: BTC) continues to look bullish from an on-chain perspective as whale holdings have risen to its highest since September last year. We can see that when whale holdings increased dramatically last September, it led to a significant increase in price in November.
What does the Bitcoin Mining Council’s report mean for crypto going forward?
Bitcoin (CRYPTO: BTC) surges above $40k and looks bullish on the daily time frame, as a bullish divergence on the RSI indicator has been confirmed.
Bitcoin Not Moved In Over 12 Months Reaches All-Time-High
The crypto markets tumbled this morning, as Bitcoin (CRYPTO: BTC) fails to hold the $40k level. Fears about a 50-basis point rate hike have strengthened after Federal Reserve Chairman Jerome Powell’s comments last Thursday.
Cosmos And Avalanche Launch New Funds To Ignite evelopment
Bitcoin on-chain metrics continue to be bullish as Bitcoin (CRYPTO: BTC) exchange reserves plummets further, shown by data from CryptoQuant. This signals that the proportion of long-term holders are increasing as less people are willing to leave their Bitcoin on exchanges.
Technicals And Macro Picture Suggest Bitcoin Is setting Up For A Bounce
Bitcoin (CRYPTO: BTC) climbed back above $40,000 last night, as it formed a bullish divergence on the 4-hour time frame, whilst exiting the oversold region. This is a bullish set up and has a high percentage outcome of leading to a significant bounce.
Bitcoin Whales Sell Over $400 Million Each Over The Past Week
Despite Bitcoin (CRYPTO: BTC) rising yesterday, and going back to 40K, on-chain metrics suggest some cause for concern. Data from Glassnode shows that the number of addresses with a balance of more than 10,000 Bitcoin has decreased substantially over the past week or so.