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After its third-largest weekly fall in over a year, the Bitcoin (BTC) price has finally began to rise. BTC’s price has effectively rebounded from the important support level of $37,500, despite an impending Federal Reserve rate hike. Bitcoin Poised For 10% Jump Various analysts, like The Wolf of All Streets, Michael van
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So far, profit taking among long-term holders is occurring at the most significant rate in bitcoin's history, according to Glassnode data. "This indicates that long-term holders from the 2021-2022 cycle are capitulating, spending and redistributing their coins, specifically during the last three months," the firm wrote in a blog post. Original
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The latest moves in crypto markets in context for April 28, 2022. Source
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Indeed, put-call skews, which measure the cost of puts relative to calls, show puts are drawing a higher price than calls across all time frames, including the six-month expiry. Traders have been buying outs off late. "We've also seen large demand for low delta [lower strike] puts, particularly in ETH,
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For instance, the previous low volatility regime lasted for over two months, from late September to early November, with the cryptocurrency trading mainly in the range of $10,000 to $13,000. The breakout happened on Nov. 5, with prices rallying well above the June 2019 high of $13,800. Source
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Bitcoin bounced back from the high area of around $30,000, and trends to the upside of its current range. The first crypto by market cap managed to trace back its weekend losses and returned to the $40,000 area. Related Reading | TA: Bitcoin Recovers Losses But Here’s Why $41.5K Could Prevent Gains At
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"In 2022, the Deribit Implied Volatility Index, a measure of implied volatility on BTC and ETH options, has trended lower into the auctions period," Two Prime said. "For 100% of occurrences 4 to 7 hours leading up to the auction, volatility has fallen as short open interest pushes [options] premiums
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Popular brokerage firm Robinhood listed Shiba Inu (SHIB) for its users. After months of rumors about this listing, the platform made it official via its official Twitter handle. Related Reading | Robinhood To Roll Out Crypto Wallets To 1,000 Users In Phase One In addition, the platform announced a $100,000 crypto giveaway to
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Bitcoin (BTC) and other cryptos stabilized on Tuesday amid lower volatility. Options traders remain uncertain as demand for puts began to outweigh demand for calls. Stocks were also mixed, while gold traded higher. Original Source
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●Bitcoin (BTC): $46327, +1.52% ●Ether (ETH): $3463, +5.31% ●S&P 500 daily close: $4546, +0.34% ●Gold: $1927 per troy ounce, −1.14% ●Ten-year Treasury yield daily close: 2.38% 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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