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Bitcoin's (BTC) upcoming March 26 options expiry might become the largest ever, with $6.1 billion open interest on the line. With less than 4 days ahead of the settlement date, pro investors will have already set up strategies for the next month.Bitcoin price at Coinbase, USD. Source: TradingViewAs BTC price
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Bitcoin is wobbling in a critical support zone. New indicators are bullish and point to a continuation in the rally. Moskovski Capital CIO Lex Moskovski shared data from Glassnode showing that a trend in Bitcoin miners has reversed. Since the beginning of March, this sector began to increase its level of
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Bitcoin’s (BTC) price has seen massive gains in recent months as the price of Bitcoin accelerated from $11,000 to nearly $62,000. However, such impressive rallies also include relatively calm periods of price action. These periods are consolidative and are needed for the market to find a new floor. In bull markets,
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Ripple started a strong increase from the $0.4400 support zone against the US Dollar. XRP price is now trading well above $0.5500 and it is likely to continue higher above $0.6000. Ripple is up over 10% and it cleared the main $0.5000 resistance zone against the US dollar. The price is now
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If bulls can propel Bitcoin to a new all-time high,
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In brief:Willy Woo has pointed out that only 7.3% of Bitcoin’s supply has moved since BTC hit a $1 Trillion market capChances are, that the $1 Trillion market cap is supported by investors henceforthBitcoin maintains a $1T market cap at $53,590$55k is the level to watching during the weekly closeDeribit
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Several altcoins are moving to new all-time highs as bulls
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Bitcoin price started a downside correction from the $60,000 resistance against the US Dollar. BTC is now approaching a major support zone near $56,200 and $56,000. Bitcoin formed a short-term top near $60,000 and started a downside correction. The price is now trading near the $57,000 support and the 100 hourly simple
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In brief:Bitcoin is more sensitive than gold to inflows of fiatAccording to B0fA, a $93 million injection into Bitcoin would result in a price appreciation of 1%Gold would need $2 Billion to achieve a similar featBitcoin’s price action is yet to be overheated on a fundamental level1% of Stimmy Checks
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The Fed chairman said that it will continue with its monetary easing policy through 2023 with no major hikes in interest rates. BTC price gained 6% post Powell’s comments. Giving a brief of the US Economic Outlook on Wednesday, March 17, Federal Reserve Chairman Jerome Powell said that
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