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Crypto investors are switching into stablecoins and out of more volatile assets due to uncertainty about the sustainability of the “bear-market bounce” and the potential for a hard recession in the U.S., Bank of America said. Original Source
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The latest price moves in bitcoin (BTC) and crypto markets in context for August 23, 2022. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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Ethereum's native token Ether (ETH) tumbled on July 26, reducing hopes of an extended price recovery. The ETH/USD pair dropped by roughly 5%, followed by a modest rebound to over $1,550.Ethereum gets rejected at $1,650 These overnight moves liquidated over $80 million worth of Ether positions in the last 24 hours,
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Technical indicators suggests a weak price recovery for bitcoin, which requires another weekly close above $30,000 to encourage buying activity. Still, the recovery could fade at around $33,000-$35,000 because of negative momentum signals on the charts. Original Source
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The evolution in interest among tradfi from crypto curiosity to crypto commitment is perhaps the industry’s most important move yet. Original Source
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●Bitcoin (BTC): $41,196, −0.52% ●Ether (ETH): $3,070, −1.23% ●S&P 500 daily close: $4,459, −0.06% ●Gold: $1,959 per troy ounce, +0.19% ●Ten-year Treasury yield daily close: 2.84% Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX);
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Bitcoin (BTC) and other cryptos stabilized on Tuesday amid lower volatility. Options traders remain uncertain as demand for puts began to outweigh demand for calls. Stocks were also mixed, while gold traded higher. Original Source
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Bitcoin (BTC) and other cryptos are rising after the Luna Foundation Guard purchased $1 billion worth of BTC over the past few days. Some crypto traders are turning bullish, evidenced by the rise in buy volumes across exchanges. Source
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Bitcoin (BTC) continues to struggle near the $40,000 resistance zone after overbought signals appeared on the charts. Still, pullbacks could be limited around lower support levels, which could keep buyers active over the short-term. Source
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Bitcoin (BTC) struggled to break above the $44K resistance level, although lower support at $40K could stabilize the current pullback. Stronger resistance is seen at $46K, although downside momentum could continue into the Asia trading day. Source
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