US June Consumer Price Index Rose Faster Than Expected
Financial markets from stocks to bonds to cryptocurrencies have been fixated on inflation readings as the economy reheats.
Financial markets from stocks to bonds to cryptocurrencies have been fixated on inflation readings as the economy reheats.
Bitcoin saw the quietest trading week since October 2020.
Bitcoin's long-term moving averages are about to produce yet another bearish crossover.
"SNX's upside is in part supported by the latest update from the team in relation to the planned collaboration with Optimism," one analyst said.
Analysts see the possibility of further selling pressure despite short-term relief.
A strangle is essentially a bet that bitcoin’s price won’t break out anytime soon.
Reflation bets are those that benefit from a pickup in economic growth and inflation.
Upside appears to be limited.
The daily chart for bitcoin shows prices have been caught between $36,000 and $31,000 since at least June 21.
“We expect volatility to remain under pressure until mid [to] late August,” said one trading firm.
Jeremy Allaire made the promise at a time when investors have been demanding more transparency around USDC.
Sellers are in control after bitcoin broke below a series of higher price lows from the June 22 shakeout around $29,000.
Alexander Hoeptner says "discussions need to be had" with regulators.
Ether is attempting to break above the 50-day moving average for the first time since March.
Kraken is disputing the premise that a wave of GBTC shares hitting the secondary market will drive the price of bitcoin lower.
Greater risk, greater reward? When it comes to USDC deposits, customers might prefer lower risk, lower reward.
The month-long consolidation and declining volume suggest a volatile price move could occur as traders await confirmation of a decisive breakout.
The cryptocurrency saw big moves in December and April after the Bollinger bandwidth fell to 0.15.
Mining economics have improved significantly, according to one analyst.
China’s announcement preceded choppy price moves around $34,000, which left traders with little sense of direction.
"This probably has more to do with leveraged funds hedging their long positions in GBTC shares using the CME futures,” one trader said.
The boom in the play-to-earn economy comes amid falling yields in the bitcoin and DeFi markets.
Minor support is seen at $33,000, which is near the 100-day moving average on the four-hour chart.
Bitcoin fell from $35,100 to nearly $34,000 after the news started doing the rounds on Twitter.
Crypto analyst ‘PlanB’, said that BTC/USD is now the furthest away from his stock-to-flow model’s estimates in over two years.
Bitcoin-focused funds attracted $39 million, according to CoinShares.
Bitcoin is holding support with initial resistance at $36K.
The number of coins held on exchanges has fallen by more 25,000 in two weeks.
Miners who remain operational are likely to become even more profitable over the coming weeks.
The cryptocurrency is expected to hold support above $30,000.