US Election Jitters Keep Bitcoin Price Elevated
Last week was the first down week for bitcoin in awhile, although we can’t say it wasn’t expected considering the technicals had been telegraphing a correction since we broke up through $700. Now price is hovering around that $700 level on what we think are pre-election nerves. Last week was quite interesting from a price action perspective given that we reached a high of $745 before breaking near term market structure thus allowing the bears to get active. Additionally, rumors swirled about China cracking down on bitcoin capital outflows, a still unconfirmed theory, which combined with a....
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Jitters in crypto trading relate to a trade event wherein an investor’s buy or sell order gets stuck and moves down in the list, allowing newer trade orders to go through. The CEO of crypto exchange Binance, Changpeng ‘CZ’ Zhao, raised concern for traders after learning about the infamous phenomenon of trade jitters on other crypto exchanges. Jitters in crypto trading relate to a trade event wherein an investor’s buy or sell order gets stuck and moves down in the list, allowing newer trade orders to go through.Just learned a new word, jitters. On 1 particular exchange, sometimes your....
Crypto market jitters around inflation expand with Bitcoin and Ethereum dropping to levels not seen since last week. Bitcoin (BTC) carried through threats of new local lows July 12 as the White House warned of “highly elevated” inflation.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewWhite House warns ahead of "decisive day"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD approaching $19,500 prior to the Wall Street open, down over 4% on the day.Having failed to hold $20,300 support, the pair appeared to react badly to comments on the inflation outlook from....
On-chain data shows the Bitcoin spot trading volume has remained elevated recently as the price of the crypto has observed deep discounts. Bitcoin Spot Trading Volume Continues To Be Near Yearly Highs According to the latest weekly report from Arcane Research, the current BTC spot volume is sitting at a value of $10.8 billion. The […]
Promoted: Though Bitcoin is apolitical, it's clear that the price of BTC will be affected by the recent U.S. Presidential Election. The post How Will The U.S. Presidential Election Affect The Bitcoin Price? appeared first on Bitcoin Magazine.
Bitcoin’s price has been holding up quite well despite the volatility seen yesterday that came about due to a turbulent election that has yet to deliver any decisive results. This price action has done little to contribute to its mid-term outlook, however, as it is still trading below the resistance it has been facing around […]