Bitcoin Momentum Weakens; Support at $35K-$37K
Bitcoin (BTC) price momentum has weakened over the past month, which suggests the current trading range could persist into next week. Upside appears to be limited. Source
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Bitcoin’s Correlation With Gold-Backed PAXG Token Weakens to Record Low
"This reflects BTC's increasing correlation with macro stock indices as well as its recent behavior as a risk asset rather than a store-of-value, and points to price turbulence ahead as markets digest the impact of further inflation and liquidity withdrawals," Noelle Acheson, head of market insights at CryptoX's sister concern
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Monero Soars 50% As Crypto Market Weakens, What’s Behind the Rally?
Popular privacy coin Monero (XMR) has been on a rally since the start of 2022. The cryptocurrency appears to be moving on its own as the crypto market trends sideways. Related Reading | Monero And Zcash Take Off With 15% Gains, Here’s What May Have Spurred The Rally Recently, XMR bulls are displaying
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Bitcoin Falls Below $49K as Trading Volume Weakens, Altcoins See Red
“The long-term bull case remains for bitcoin, but everything in the short-term seems bearish,” Edward Moya, senior market analyst at Oanda, said in an email. “Bitcoin will need to overcome growing expectations for a stronger dollar, an extended altcoin season and short-term bearishness for risk assets as Omicron derails reopening
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Bitcoin Dominance Weakens as Altcoins Rally
Bitcoin, the world’s largest cryptocurrency by market value, was little changed between $60,000 and $63,000 Friday before release of the U.S. jobs report. The price is also little changed over the week, while altcoins and gaming tokens have seen significant gains.Solana’s SOL token has rallied 21% this week, breaking through
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Bitcoin Stabilizes as Risk Appetite Weakens — CoinDesk
Over the long term, however, bitcoin’s uptrend remains intact. “The long-term uptrend still has a hold on bitcoin, with our monthly indicators pointing higher, putting short-term volatility into a bullish context,” Katie Stockton, managing director of Fairlead Strategies, wrote in a Monday report. Original Source
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Bitcoin Climbs Higher and Hits New Records as the US Dollar Weakens
The paychecks for the US population based on the approved Stimulus bill are expected to be delivered to those who are qualified this week. The US Treasury Secretary affirmed earlier on Friday that despite the huge amount of the bill, the US needs to “go big”.The CPI data released earlier
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BBC Says Tesla’s Bitcoin Buy Weakens Its Green Credentials
Tesla announced on Monday it had purchased $1.5bn worth of Bitcoin, which boosted the entire cryptocurrency sector. However, some criticized the move due to the added financial risk this imposed on the automaker. Today the BBC joined in with the criticism by saying this undermines Tesla’s environmental credentials. “Critics say electric-car firm
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Chainlink (LINK) Poised to Plunge Against Bitcoin as Technical Setup Weakens
It’s been a tough past few days for altcoins, Chainlink (LINK) included. The price of the leading altcoin,
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