Bitcoin Volatility Persists, But Retail Sentiment Is On The Rise, A Rebound I...
After dropping from the $102,000 price level earlier this week, Bitcoin continues to struggle to initiate a rebound toward the $100,000 mark. Its weak performance is attributed to a broader bearish action in the general crypto market. However, retail investors’ interest in the flagship asset has increased significantly during this volatile period. Retail Interest In […]
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The decline in the price of bitcoin following the rally has unearthed some underlying weaknesses that were not easily seen before. The run-up and eventual rundown from $25,000 have shown that retail investors are not as moved by the market as expected. Even now, transaction volumes for retail investors remain muted, indicating that the burnout from the rally was actually a result of low bullish sentiment. Bitcoin Retail Volume Remains Low In a recent report, Glassnode points to the low retail volume as an indicator of the weakness of the market. Usually, retail investors react to long....
After news of the potential launch of the first Ethereum Spot Exchange-Traded Funds (ETFs), optimism among ETH institutional investors has witnessed a significant rise, surpassing that of retail investors towards the crypto asset. Institutional investors’ positive sentiment may be explained by a number of factors, including higher trading volumes, which indicate a strong belief in […]
Bitcoin’s volatility has been diving as of late, with the benchmark cryptocurrency seeing multiple prolonged bouts of sideways trading. Last week, BTC did see some turbulence that caused its price to rally from lows of $10,400 up to highs of $11,700. This move occurred over multiple days and has since resulted in it seeing yet […]
A landscape that gives more power to retail investors and the influence of celebrity endorsement have driven bitcoin’s recent rise.
Retail traders were rattled by Bitcoin’s $900 drop but BTC options data remains bullish ahead of Friday’s expiry. The $900 Bitcoin (BTC) price drop over the past two days might have been scary for novice traders, but those trading futures and options don't seem bothered. Cryptocurrency daily market performance snapshot. Source: Coin360As Bitcoin price rallied to $11,000 on Sept. 19, investors may have become overly excited as the price briefly broke an important resistance level. The steady rally lasted ten days and saw Bitcoin’s dominance rate rebound for a 15-month low and this had some....