Bitcoin Mood Sours To Levels Not Seen Since Late February
Bitcoin is sitting just below $70,000, but the sharper signal may be in the derivatives market: roughly $6 billion in short positions would be forced out if the price climbs to $72,500, according to data from Santiment. Related Reading: XRP Eyes $8.30 Target As Rare Chart Pattern Emerges From Prolonged Decline That comes as Bitcoin keeps testing the same ceiling again and again, with the market showing signs of strain rather than conviction. Sentiment Turns Sharply Sour Social chatter around Bitcoin has weakened fast. Data from Santiment shows the bullish-to-bearish ratio has slipped to....
Related News
The price of ether extended recent losses this week, falling to its lowest in more than nine months. Over the seven-day period, the blockchain token declined to as little as $5.98 on 6th December, its lowest price since late February. This figure, which beat the previous nine-month low set the previous day, represented a 22.9% decline from the cryptocurrency’s opening price of $7.76 on 3rd December. The continued struggles faced by the digital currency are now translating into frustration for traders and market influencers. "The novelty is wearing off," said Tim Enneking,....
Earlier today, Bitcoin rose to its highest level since late February and regained its $1 trillion market cap. Recently, Bitcoin was unable to break key resistance at $50,000, as it failed to find support over its 50-, 100-, and 200-day SMA points on the 4-hour time frame. With continued institutional buying, however, Bitcoin was able to reclaim $53,600. While current price levels are still off all-time highs, it has mostly recovered losses from late February. […]
XRP is struggling to hold current support levels. The market is uncertain. And in the final days of March, the largest XRP holders on two of the world’s biggest exchanges made a decision that the price action is not yet reflecting. Related Reading: $11.4 Billion in XRP Has Left Binance. Here Is What Happens When Demand Returns A CryptoQuant report has documented the strongest wave of whale-sized XRP withdrawals since early February. Across two sessions — March 27 and March 30 — large outflows from Binance and Coinbase combined to reach approximately 442 million XRP, worth nearly $592....
Welcome to the CoinDesk Weekly Review 7th February 2014 - a regular look at the hottest, most controversial and thought-provoking events in the world of digital currency through the eyes of skepticism and wonder. Your host ... John Law. Apple makes fans close wallets. There is nothing like a holy war to get the pulse going, and there's no holy war as satisfying to watch as one where the two combatants are virtually identical. Take Apple versus Android. More virtual blood has been spilled online by mouth-frothing, crazy-eyed barbarians over this little tiff than the great Mac versus Windows....
Legendary Hong Kong director Wong Kar-Wai will be minting an “In The Mood For Love” NFT soon. Revered fine art auction house Sotheby’s will broker the deal. The NFT will contain never-before-seen footage from the first day of filming. How rare does that make it? Considering “In The Mood For Love” is one of the most critically acclaimed films of the century, what does this mean for the NFT space? What does it mean for Asian cinema? Related Reading | Everything We Know About The Fake Banksy NFT That Sold For 100 ETH So far, this trailer for the whole event is all we have: In the....