Negative Sentiments Continue to Haunt Bitcoin Market
The Bitcoin price (BTC/USD) today fell below $200 on multiple exchanges, bringing the January's low within close grips. The new fall, as speculated by many online reports and discussions, was caused by the unexpected halt in BitFinex's order books. The Hong Kong digital currency exchange, which experienced a flash crash just last week, had paused its trading services for over seven hours. The decision ultimately rippled a panic sell throughout the Bitcoin market, which resulted in a 5-7% fallout in BTC/USD pair. Nevertheless, the Bitcoin market was already surrounded with a-too-many....
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Although the crypto market is suffering a long-lasted downtrend and investors reflect negative sentiments, crypto adoption seems to be growing on another verge. Fireblocks, a software-as-a-service (SaaS) company currently operating over 1300 crypto and web 3 businesses, has hit a new high in revenue, indicating crypto use cases continue attracting more businesses worldwide. Related Reading: […]
The Ethereum Merge is only about two days away according to the difficulty adjustment, and sentiments around ETH during this time have been peaking. Most of this has been on the bullish side, but some things that have taken place in the market have begun to trigger some negative sentiment from investors. Mostly, these have […]
Bitcoin market sentiment has now skewed completely into the positive. The Fear & Greed Index had spent one of its longest stretch in “extreme fear.” Market sentiments were in the negative. This was due to the market crash that had occurred following the May price rally. The move of the index into greed could see […]
In what appears to be the first conclusive sign of an upcoming breakdown, Bitcoin ended yesterday's trading session at the lowest closing for September-to-date. And currently, Bitcoin seems to be staging a fake pullback to entice more market participants to go long without reading too much into the breakdown. Bitcoin is currently trading at $227.92 and the resistance is now at $228.60. In the previous Bitcoin price technical analysis A Disappointing End to the Week!, we discussed how the technical indicators were reflecting the bearish sentiments in Bitcoin, and today, we are going to....
Bitcoin is still headed for the moon even as the weekend goes on. The price of the asset has not seen much in the way of a downturn following its massive price increase from last month. Overall sentiments in the crypto market are still very positive, as evidenced in the Fear & Greed Index. The index which had spent the better part of the last two months following the market all-time high has now turned into the most coveted territory. The crypto Fear & Greed shows that the market has now gone into “extreme greed.” Continuing its upward trajectory from the last couple of weeks. The index....