Bitcoin ‘bear trap’ sees BTC price near $20K as daily gains top 9%
Over $320 million in liquidations accompanies a gruelling 24 hours for crypto traders. Bitcoin (BTC) delivered more surprises on Oct. 14 as the reaction to macro triggers saw a sudden run at $20,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewStocks, crypto smoke shortsData from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing to one-week highs, gaining almost $2,000 in hours.After the United States Consumer Price Index (CPI) print for September came in above expectations, an initial crypto rout put bulls on edge, but the pain was short lived.Bitcoin....
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Was the recent crypto crash bound to happen? Or was it engineered? Is the bull market over for good? Or is the market gaining momentum, preparing for big movements? Your guess is as good as ours, but Moonrock Capital’s Simon Dedic is of the opinion that weak hands got their foot caught in a bear […]
Bitcoin price continues to see massive gains as the price sees massive recovery in the past weeks. Prices surged this past week which saw the digital asset beating prices that had not been reached since the price crash following the all-time high. Bitcoin had spent months in a rut, as dip after dip saw the price crashing down to as low as $28,000. Speculations following the dip were strongly in favor of the market finally being in a bear market. But it seems that the bull market is not done yet. The market has now seen recoveries across top coins. With some coins posting as much as 15%....
Strong correlation with Bitcoin and traditional markets continue to pull Axie Infinity price lower. Axie Infinity (AXS) price dropped sharply on June 1, suggesting that its supersonic gains in the last two days might have been a part of a bear market rally.The AXS/USD pair soared 54% week-to-date to over $28 on May 31, its highest level in three weeks. But Axie Infinity price failed to hold the gains, correcting by more than 21% to $22 while raising the possibility of more downside to come.AXS/USD daily price chart. Source: TradingViewTrading behavior witnessed in the last 24 hours....