Bitcoin

Ether was recently changing hands at about $1,250, up more than 3% from Monday, same time. Other major altcoins spent much of Tuesday in the green with the SRM, CEL and FTT tokens of embattled ventures Serum, Celsius and FTX jumping by well into the double digits over the past 24 hours. FTT was, nevertheless, recently trading at $1.80, a fraction of its near $36 highs earlier this year. Source link

“A lot of the times, the very first move is not the move that sustains because that’s the position adjusting mode,” Bob Iacchino, Path Trading Partners co-founder and chief market strategist, said. “In other words, people have positions based on what they think the result is going to be, and when they get the exact result, they exit positions.” Source link

“A lot of the times, the very first move is not the move that sustains because that’s the position adjusting mode,” Bob Iacchino, Path Trading Partners co-founder and chief market strategist, said. “In other words, people have positions based on what they think the result is going to be, and when they get the exact result, they exit positions.” Source link

Bitcoin (BTC) spiked to $17,000 at the Nov. 15 Wall Street open as fresh United States economic data continued to show inflation cooling. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Good” PPI boosts risk assets Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it came closer to multi-day highs. Volatility had returned an hour before the open as the U.S. Producer Price Index (PPI) came in below expectations. Core PPI was unchanged month-on-month, with the… Source link

Bitcoin (BTC) investors are more likely enticed by the cryptocurrency’s rising prices, rather than their dislike of banks or its perceived use as a store of value, a new report from the Bank for International Settlements (BIS) suggests.  In a “BIS Working Papers” report published on Nov. 14, the central bank body looked into the relationship between Bitcoin prices, crypto trading, and retail adoption. It studied the drivers of crypto adoption by retail investors using crypto trading… Source link

“We have seen broader market instability despite some positive macro developments for risk assets as a whole,” David Duong, head of institutional research, at crypto exchange Coinbase, wrote, adding: “It’s still emerging which counterparties may have lent or interacted with either FTX or Alameda (FTX’s sibling company) and what those exact liabilities are. BTC could not only retest 2022 lows but touch the $13K level. We think there is support at $13.5K.” Source link

Bitcoin (BTC) lost 25.4% in 48 hours, bottoming at $15,590 on Nov. 9 as investors rushed to exit positions after the second-largest cryptocurrency exchange, FTX, halted withdrawals. More importantly, the sub-$17,000 levels were last seen almost two years prior, and the fear of contagion became evident. The move liquidated $285 million worth of leverage long (bull) positions, leading some traders to predict a potential downside of $13,800. What an exciting time to be alive! Loving the… Source link

In the past, it was often said that Bitcoin (BTC) moves the entire crypto and blockchain industry. Is this still the case? The past few months have seen Bitcoin hitting high-water marks including all-time high long-term holder rates and local highs in hash rate difficulty adjustment — yet Bitcoin is still in bearish conditions as we head into Q4 of 2022. Not all areas of the blockchain industry can boast such signals of strength, such as venture capital (VC), which brought in $840,000 in… Source link

Bitcoin (BTC) starts a new week on shaky ground after its lowest weekly close in two years. The largest cryptocurrency considerably weakened after last week’s implosion of exchange FTX, continues to grapple with the fallout. In what is becoming an increasingly erratic market, investors are unsure what will happen next as more firms sound the alarm over solvency and regulators step up investigations in the crypto space. The mood among the majority is intensely fearful, and even some of the… Source link

As the fallout from the collapse of Sam Bankman-Fried’s blockchain empire FTX continues, investors are wary about the battered cryptocurrency market.  The crypto industry has already seen the closure of major players, along with the Bitcoin (CRYPTO: BTC) bubble bursting. “Rich Dad, Poor Dad” author Robert Kiyosaki has dropped words of caution about Bitcoin’s performance in the present market scenario. In a recent tweet, Kiyosaki says he is not looking at flipping Bitcoin by market cap as he… Source link