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By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin remains below the 2017 all-time-high which is concerning for bulls. The LUNA and UST crash has led
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Bitcoin (BTC) returned under $20,000 on June 29 as analysts stayed hopeful of a trip higher.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTraders looks to $19,500 for supportData from Cryptox Markets Pro and TradingView followed BTC/USD as it crossed below the $20,000 mark for the first time in nearly a week
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Inflation concerns have contributed to bitcoin’s fall in the past several weeks. In May, the U.S. Federal Reserve (Fed) hiked rates by the largest amount since 2000 as it seeks to tighten monetary policy following $2 trillion in stimulus in the past few years. This caused a drop in global
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“A formal break of consolidation beyond the previous local extremes, which are located at $30,200 and $29,300, in a sharp move would trigger a wave of liquidation of positions,” Kuptsikevich said. Liquidations typically cause sudden movement of prices as traders cover their positions to protect against losses. Original Source
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Robinhood (HOOD) shares slid almost 13% to $10.12 in after-hours trading Thursday after the commission-free trading platform reported a decline in crypto revenue, and overall fourth-quarter revenue and earnings that fell short of analyst expectations. Original Source
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