Wednesday, February 8, 2023
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Bitcoin holds $20K while flirting with a neutral futures premium for the first time in 6 months

After 66 agonizing days, Bitcoin (BTC) price finally broke above the $20,000 psychological resistance on Jan. 14. At the same time, the current $400 billion market capitalization gives BTC a position in the top-20 global tradable assets, surpassing giants like Walmart (WMT), Mastercard (MA) and Meta Platforms (META).From one side,

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Robinhood shares claimed by BlockFi and FTX may move to a neutral broker

The highly disputed Robinhood shares claimed by both BlockFi and FTX  might be transferred to a neutral broker or an escrow account while the courts determine the rightful owner.Digital asset lender BlockFi recently sued former FTX CEO Sam Bankman-Fried to claim the shares that were supposedly pledged as collateral for

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Total crypto market cap takes another hit, but traders remain neutral

The total cryptocurrency market capitalization dropped 8.1% in the past two days after failing to break the $880 billion resistance on Dec. 14. The rejection did not invalidate the 4-week-long ascending channel, but a weekly close below $825 billion will confirm a shift to the lower band and reduce the support

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Ethereum rallies to $1,350, but derivatives metrics remain neutral to bearish

Ether (ETH) rallied 6.3% to $1,350 on Dec. 13, mimicking a similar failed attempt that took place on Nov. 10. Despite reaching the highest level in 33 days, the gains were not enough to instill confidence in traders according to two key derivatives metrics.Ether/USD price index, 12-hour. Source: TradingViewBulls' frustrations

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Total crypto market cap falls to $840 billion, but derivatives data shows traders are neutral

The total cryptocurrency market capitalization dropped 1.5% in the past seven days to rest at $840 billion. The slightly negative movement did not break the ascending channel initiated on Nov. 12, although the overall sentiment remains bearish and year-to-date losses amount to 64%.Total crypto market cap in USD, 12-hour. Source:

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Traders take a neutral position after Ethereum futures contracts see massive liquidations

Ether (ETH) price shed roughly 33% between Nov. 7 and Nov. 9 after an impressive $260 million in future contracts longs (buyers) were liquidated. Traders using leverage were surprised as the price swing caused the largest impact since Aug. 18 at derivatives exchanges.Ether/USD 4-hour price at Bitfinex. Source: TradingViewThe $1,070

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Bank of America rebaja calificación de Meta a neutral en medio de su incursión en el metaverso

Meta debe abordar las preocupaciones de los inversores sobre las dificultades que genera el uso de Instagram, el gasto en la construcción de un metaverso dada la percepción de la falta de soporte de los usuarios, el alto capex que está impactando al flujo de efectivo libre (FCF, por sus

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