Cryptocurrency Analysis and News Portal
Bitcoin (BTC) returned above $40K on Wednesday, shaking off some bearish sentiment over the past few days. Altcoins outperformed, although indicators suggests cryptos are not at a cycle low just yet. Source
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The chart below shows bitcoin's total open interest, or number of outstanding derivative contracts on the Chicago Mercantile Exchange (CME), which has ticked lower over the past week. Participation in the bitcoin futures market has waned since peak levels in November of last year, which preceded a 50% drop in
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By averaging mining difficulty, traders can determine when miner selling and buying pressure aligns with turning points in BTC's price. Bearish signals occur when short-term moving averages compress and cross below a long-term moving average, and the opposite is true for bullish signals. Still, at times signals can lag price
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Over $400 million in liquidations took place on Wednesday, the third-highest figure since January’s $987 million. Source
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In an interview with CryptoX TV's "First Mover" program, Scott Freeman, co-founder and partner of financial services firm JST Capital, suggested the global unrest was hurting bitcoin's price, despite major buys over the past 10 days by Terra's Luna Foundation and MicroStrategy (MSTR), which purchased over $190 million in the
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Bitcoin, the largest cryptocurrency by market capitalization, was recently trading just below $46,000, down from a high earlier in the day above $47,000 and off about 1% over the past 24 hours,. Ether, the second-largest crypto by market cap, was changing hands at a little over $3,400, down roughly 1.5%. Source
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Bitcoin (BTC) and other cryptos traded lower on Monday as bullish sentiment faded. Volatility and trading volume continue to drift indicating low conviction among market participants. WAVES dipped 20%, while some option traders see value in ETH calls versus BTC calls. Source
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From Binance and OneOf to a side of PFP NFTs, a crypto presence was felt during the music industry’s marquee event. Original Source
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The downside of spending so much screen time on Robertson is that the film ends up giving equal narrative weight to the black widow theory of Cotten’s death, which I find frankly preposterous. Despite the aspersions the movie casts, there are pretty straightforward reasons why Robertson has had three last
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Bitcoin (BTC) dipped below $47,000, although technicals suggest support around $43,000 could stabilize the pullback. The cryptocurrency also saw a strong uptick in short-term volatility over the past 24 hours, similar to what occurred during bitcoin's breakout above $45,000 last week, according to data provided by Skew. Original Source
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