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Low degree of leverage in the market means reduced price volatility. Bitcoin has been listless in the range of $29,500 to $32,000 in the past four weeks. At press time, the cryptocurrency changed hands at $29,790, representing a 1% loss for the day (UTC), CoinDesk data show. Original Source
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Bitcoin (BTC) is gearing up for its next bull run in classic style, say traders eyeing two key trend lines.In some of their latest social media analysis, popular traders Moustache and Titan of Crypto revealed a BTC price breakout in the making.Bitcoin "bull market line" eyes classic crossoverBitcoin is closely
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After a spectacular first half of 2023, the price of Bitcoin (BTC) appears to have stalled out, being stuck between $29,000 and $31,500.There could be reason to believe that in the near term, the price of Bitcoin will tend to trade sideways or to the downside. This thesis can be
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Bitcoin (BTC) starts a new week above $30,000 but heading nowhere as the multi-month trading range refuses to shift.BTC price action is giving traders little more than a frustrating sense of deja vu — and they are now wondering what it could take to change the trend.It may in fact
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A short squeeze is a rapid move higher driven by bears abandoning their bearish bets. For a short squeeze to occur, the market needs to have a higher-than-usual bearish activity, as is the case in BNB perpetual futures. In such situations, a minor price bump can send bears or short
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"Only about a third of the open options positions in the market are puts, highlighting that crypto markets remain biased, as they have for a long time, towards calls," Lawrence Lewitinn, a director at The Tie, wrote in Wednesday's edition of the newsletter. Source
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Prosecutors from the United States and agents from the Internal Revenue Service (IRS) are reportedly investigating wealthy crypto traders and fund managers suspected of illegally benefiting from Puerto Rico’s tax breaks. According to a June 12 report from Bloomberg, investigators are currently building civil and criminal cases against a number of
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On July 11, cryptocurrency exchange Bitget launched an AI-powered feature for its Grid Trading strategies, or the use of trading algorithms to automate transactions for users. In an interview with Cryptox, Bitget developers stated:"Compared with manually creating strategies by filling in obscure and complex strategy parameters, AI strategies can help
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Trading volumes slumped 55% on Tuesday compared to Monday in a sudden market shift, data shows. Source
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