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Bitcoin (BTC) and the broader cryptocurrency market rallied on Thursday, as the total value of digital assets crossed $2 trillion for the first time in over three weeks amid signs of a clear shift in market sentiment — headlined by Goldman Sachs, no less. BTC printed an intraday high of $44,253,
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Cryptocurrencies failed to break the 42-day long downtrend after the $1.95-trillion capitalization resistance was rejected on March 20. Even though Bitcoin (BTC) gained a modest 3.7% over the past seven days, altcoins presented a robust rally.Crypto markets’ aggregate capitalization showed a 6.2% increase to $1.92 trillion between March 14 and
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On-chain data shows the Bitcoin taker buy/sell volume is now showing a “buy” signal as the crypto looks to be gearing up for a new rally. Bitcoin Taker Buy/Sell Volume Says Now May Be The Time To Buy As pointed out by an analyst in a CryptoQuant post, the BTC taker buy
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Whenever Bitcoin (BTC) fails to break through important resistance levels, traders gain confidence and add to their altcoin positions. The logic is that, unless BTC drops significantly, these movements historically provide decent rewards for those shifting their portfolios toward higher risk.Bitcoin/USD at FTX. Source: TradingViewIn the past seven days, the
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That said, a strong follow-through remains elusive. "On bitcoin, yesterday saw a combined Key Reversal Up & Bullish Engulfing Pattern. However, there has been no follow-through higher today," Eddie Tofpik, head of technical analysis and senior markets analyst at London-based ADM Investor Services International, wrote in a LinkedIn chat. Original Source
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Bitcoin was trading near $37,700 at press time, representing a 1.8% gain on the day, and the futures tied to the S&P 500 were down 0.3%. The cryptocurrency fell to a 20-day low of $36,250, and stock futures were down 1% during Asian trading hours on fears that a war
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On-chain data shows the Ethereum netflows are sharply turning positive, a sign that could prove to be bearish for the crypto. Ethereum Exchange Reserve Rises As Netflows Become Positive As pointed out by an analyst in a CryptoQuant post, exchanges have observed net ETH inflows recently, swelling up their reserves. The “all exchanges
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It’s been a rough few weeks for cryptocurrencies, but things are finally looking up! Cryptocurrencies that have fallen off their highs over the past three weeks appear to be on an upward trajectory again. Crypto winter is thawing as crypto markets are showing some signs of life. For example, Bitcoin, which
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Bitcoin continues its uptrend leaving bears in disbelief. The first crypto by market cap got back in the green after a short squeeze brought it back from the underworld in the low $30,000s. Related Reading | TA: Why Bitcoin is At Risk of Drop Below $42,500 In Short-term As of press time,
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Bitcoin (BTC) hovered around $44,000 on Feb. 9 as a modest uptick towards the Wall Street open provided relief for support levels. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewMelt-up or breakdown?Data from Cryptox Markets Pro and TradingView showed BTC/USD acting in the range defined in recent days without significant downside pressure.Circling $44,000,
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