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"The implied price-moving range of the current 7-day average IV is about 4% for BTC. Still, the realized daily price moving range is less than 1%, or even less than 0.5%, which means that selling volatility will have relatively good returns, although the current IVs are also at historically low
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Ether, the second largest crypto by market capitalization was changing hands at $1,843, off 1.3%. Other major cryptos, which spent much of Wednesday in the red, moved more deeply into negative territory. And Litecoin (LTC) recently plunged more than 5%, despite the token's anticipated halving event, which cut miners rewards
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ETH was recently changing hands at $1,857, off 1.2% from Sunday. Ether has been narrowly range-bound over the past seven days between $1,840 and $1,890. SOL and MATIC, the token of the smart contracts Solana and Polygon platforms, were recently off 4.5% and 4.2%, respectively, over the past 24 hours.
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Bitcoin (BTC) has been stuck in a narrow range for the past several days. A minor positive is that the range has formed near the recent local high. This suggests that the bulls are not rushing to the exit as they anticipate another leg higher.Bitcoin’s consolidation has pulled its market
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Bitcoin, the most liquid and the biggest digital asset, remains an anchor for the broader market. That means price rallies in alternative cryptocurrencies, referred to as pumps on Crypto Twitter – the social network's vocal, frequently pseudonymous commentators on the industry, are often taken to represent market froth. Original Source
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The relative strength index (RSI) on the daily chart is rising from oversold levels, but remains capped below the 50 neutral mark. A move above 50 in the daily RSI would confirm a brief recovery in price. For now, upside appears to be limited, initially toward the $33,000-$35,000 resistance zone. Source
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Bitcoin (BTC) remains in a tight trading range, although buyers maintained support above $37,500 over the weekend. Upside appears limited given strong resistance beyond $40K. Source
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Bitcoin (BTC) is trading in a tight range between $43K and $44K on Wednesday. The cryptocurrency could find short-term support at $40K, although upside momentum is starting to wane on intraday charts. Original Source
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●Bitcoin (BTC): $42228, −0.61% ●Ether (ETH): $2900, −0.32% ●S&P 500 daily close: $4402, −0.38% ●Gold: $1873 per troy ounce, +1.76% ●Ten-year Treasury yield daily close: 2.00% Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CryptoX Bitcoin Price Index (XBX); Ether is the CryptoX Ether Price Index (ETX);
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●Bitcoin (BTC): $36785, −1.84% ●Ether (ETH): $2620, −3.34% ●S&P 500 daily close: $4477, −2.44% ●Gold: $1807 per troy ounce, −0.15% ●Ten-year Treasury yield daily close: 1.83% 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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