Bulls Giving Up? Massive Bitcoin Bid Wall Removed, What It Could Mean For BTC
Bitcoin has entered the week with upside price action into the mid-levels of its current levels. However, bulls face hurdles as an increase in selling pressure set back BTC’s price from $66,000 to a current price of $64,262 at the time of writing. Bitcoin entered a consolidation zone after a flash crash pushed its price from the high of its current levels to the critical support at around $62,500. The bullish sentiment seems to be fading as uncertainty takes over the market. Related Reading | Bitcoin Eyes Fresh Rally, Why Close above $66k Is Important Many traders were expecting a....
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Yesterday, funding rates fell below zero in a market sentiment reset as Bitcoin’s price declined following its new all-time high. Bitcoin Funding Rates Briefly Fell Below Zero Yesterday As per the latest weekly report from Arcane Research, the funding rates have plummeted following a spike around when BTC made a new ATH. Yesterday, they briefly went below zero. The “funding rate” is a Bitcoin indicator that tells us about the current periodic payments that futures contract traders are making between each other. When the metric has positive values, it means long traders....
Quick Facts: 1️⃣ Bitwise CEO Hunter Horsley believes that within the next 12 months, every Wall Street institution will be involved in crypto. 2️⃣ Massive inflows into products like Bitwise’s Solana ETF and moves by giants like JP Morgan and BlackRock prove the shift is already underway. 3️⃣ The best altcoins to buy now include […]
Google removed over 120,000 of negative Robinhood reviews citing violations related to rating manipulation, the firm reportedly said. Google has reportedly deleted thousands of negative reviews of Robinhood on the Google Play Store after the platform suspended trading of several skyrocketing stocks like GameStop, multiple sources claim.Financial analyst Mr. Whale reported on Jan. 28 that Google removed as many as 120,000 negative reviews of Robinhood, pushing the app’s rating from one star to about four stars.Google just removed over 120,000 negative reviews of RobinHood on the App Store.....
After Bitcoin hit the floor at $300, things have been looking upward. The main cause for this massive downward trend was a person sold 30,000 Bitcoins, all at the $300 mark. Once that massive sell wall was ridden of, the price of Bitcoin is going up now. Subsequently, most other coins are too. As you can see from the chart above, it only proves to further reinforce what has been previously stated. The downward trend hit the floor at around $300, with then a massive spike of volume where it then returned to regular volume levels, but the price trend is now moving upwards.
Long term Wall Street bear and bitcoin holder, David Tice predicts that the stock market will crash fall by 30% in a retreat that will persist for two years. Although the veteran investor is not giving the specific commencement date for this downturn, he warns that when it breaks, “it’s likely to break hard and cause investors to suffer for a long time.” Biden Administration Policies In remarks made during an interview, Tice, who claims to be a “believer in the Austrian School of Economics”, points to the “business-unfriendly policies from....