Bitcoin’s Bearish September Has Kneecapped Crypto ETP Activity: Report
Bitcoin's price woes this month likely put investors off from purchasing crypto ETPs, pushing volumes into a nosedive.
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As Tuesday drew to a close, Bitcoin’s performance turned slightly bearish again after the crypto king reclaimed above the $113,000 mark in a short rebound. Bitcoin’s price action this year has seen a wild ride when compared to some past cycles. However, it is still less significant than most of the previous cycles. How Bitcoin’s […]
Half of September has passed and bitcoin traders are curious about where the price is headed next, as September is traditionally a bearish month for crypto prices. Furthermore, October is known to be a bullish month as bitcoin has been profitable in October more than 77% of the time. Data shows the leading crypto asset’s price trend may not break September’s historical trends, but very well could see a revival next month. Bitcoin Traders Patiently Wait for September to End This month’s bitcoin price data indicates that bitcoin (BTC) is following the same trend it has....
A U.S. consumer survey by investing powerhouse Deutsche Bank provides “bullish” insights into the crypto market. As an unlikely but welcomed source of hope during crypto market jitters, Deutsche Bank’s report, the “Future of Cryptocurrencies,” sheds light on potentially bullish cryptocurrency activity. A survey critical to the report suggests that neither traders nor investors are likely to part with their crypto holdings in the event of a bear market. Marion Laboure, a director of macro strategy at Deutsche Bank, told Cointelegraph:“It is interesting to note the deep bullishness for....
Kraken has identified a decreasing correlation between Bitcoin and the legacy financial markets. A report published by major U.S.-based crypto exchange Kraken has identified signs the correlation between Bitcoin (BTC), the greenback, and legacy markets, is continuin to weaken.Kraken’s September volatility report found Bitcoin (BTC) largely maintaining a negative correlation with the U.S. Dollar Index (DXY) since May, despite a brief coalescence between the two markets in early September. Bitcoin's 30-day rolling correlation with U.S Dollar Index: KrakenThe report attributes BTC’s dollar....
Bitcoin’s near-term outlook is looking quite bearish, with its price trending well below the $80,000 level as volatility mounts. Along with downside performance, several key metrics are starting to exhibit negative activity, strengthening the bearish state. However, some analysts believe that this period could offer an ideal entry point for investors and traders. New Bitcoin […]