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Bitcoin (BTC) price bounce was short-lived as sellers reacted to the $40,000 resistance zone. Upside appears limited due to negative momentum signals and persistent selling pressure. Support at $30K and $36K could stabilize the pullback. Source
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"Short-positioned traders are dominating the derivative market. This indicates that bitcoin's bounce was driven by [the spot market] rather than derivatives, which is confluent with the significant bidding seen on Coinbase," Marcus Sotiriou, analyst at the UK-based digital asset broker GlobalBlock, wrote in an email to CryptoX. Source
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Following the charged-up debut of the Proshares bitcoin exchange-traded fund (ETF), Valkyrie’s bitcoin futures ETF and the Vaneck bitcoin strategy ETF, interest in these types of funds seems to have faded a great deal. After the Proshares bitcoin ETF BITO reached an all-time high on November 10, the ETF is
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From Oct. 19, when the ProShares ETF started trading, through Tuesday, BITO shares were down by 2.45%, based on a chart shared by Grayscale, the company that sponsors GBTC. Bitcoin was down 1% over the same period and GBTC was up 7.5%. (Grayscale is a unit of Digital Currency Group,
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The Grayscale Bitcoin Trust (GBTC) is echoing bullish sentiment in Bitcoin (BTC) as its premium over spot price rises to its highest since May.Data from analytics resource Bybt shows that on Tuesday, the so-called Grayscale premium stood at -5.88%. The last time it was closer to zero was on May
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The discount has resulted in heavy losses for some investors, but Grayscale is keen on offering the discount to attract more even traders. The Grayscale Bitcoin Trust (GBTC) has descended into levels never recorded in its history. Data shows that the product is trading at a
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The price jump coinciding with Elon Musk's Twitter attention retraced over the weekend. Source
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For the first time in years, XRP gained some massive momentum when it broke above $0.30 last month,
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Editor’s note:The week has been remarkably active for policy, possibly as a result of economies showing signs of heading slowly back to normal. While crisis remains, it seems like everyone has gotten numb to crisis mode.Recent news has been quite kind to crypto all over the world. We may in
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Bitcoin (BTC) interest is hitting levels that last appeared during its March crash recovery as hype over the halving finally fades.According to the latest data from Google Trends, as of May 30, search interest was back to the same position as in mid-April. At the time, BTC/USD jumped from $6,800
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