US Bitcoin Session Leads December Returns After Weak November
Data shows Bitcoin has witnessed a notable amount of gains during the US trading session in December so far, a shift compared to the November trend. Bitcoin Has Performed The Best During US Trading Session This Month As explained by CryptoQuant community analyst Maartunn in a new post on X, the American trading session has flipped for Bitcoin in December. Below is the chart shared by Maartunn, which compares the returns that BTC has achieved across the different trading sessions over the past month. The trading sessions here have been divided based on when investors of a major market are....
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Bitcoin’s “death cross” is back in the group chat. And yes, the emails too. Matthew Sigel, head of digital assets research at VanEck, said he’s been “getting questions from clients” about the latest death cross print — the 50-day moving average slipping under the 200-day — and answered with the kind of data dump that tends to calm people down. “Lagging indicator,” Sigel wrote on X, alongside a table of every Bitcoin death cross going back to 2011. The summary stats are clean: the 6-month median return after a death cross is +30%, the 12-month median is +89%, and the “positive hit rate” is....
Bitcoin, Ethereum, and other digital assets have witnessed a sharp retrace during the last 24 hours, which has resulted in a long squeeze on derivatives exchanges. Crypto Long Liquidations Have Neared $600 Million During The Past Day According to data from CoinGlass, the latest sharp price action in the cryptocurrency market has accompanied a huge amount of liquidations over at the derivatives side of the sector. Related Reading: US Bitcoin Session Leads December Returns After Weak November “Liquidation” here naturally refers to the forceful closure that any open contract has....
Ethereum (ETH) has joined Bitcoin (BTC) in a notable price recovery, managing to reclaim the $3,000 mark. This resurgence could signify a pivotal moment for the altcoin, suggesting a potential new upward trend. However, investors remain divided on whether ETH may face further declines or if a year-end rebound could reignite bullish sentiment. ETH’s December Struggles In order to anticipate Ethereum’s probable moves in December, Alex Carchidi, an analyst at The Motley Fool, notes that this month has traditionally been a difficult month for the cryptocurrency. Since 2016, Ethereum has....
A short while before markets closed in Europe last night, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted levels that we were going to keep an eye on throughout the Asian session, and pointed out that - due to the relatively weak action we had seen in the bitcoin price throughout the first half of this week - we would be implementing the same scalp strategy that we had taken on throughout the day session. Action has now matured overnight, and so as we head into a fresh European session, what of levels that we are watching in today's bitcoin price, and....
Online retail giant Overstock will begin trading blockchain-based shares of its stock in December. CEO Patrick Byrne revealed the news today at Money2020, outlining the actions investors will need to take in the run-up of the release of the shares, as well as the key dates involved in the process. As explained by Byrne, the initial sale will done as a rights offering, meaning interested investors will need to hold Overstock stock by 7th November in order to be eligible to receive shares by 10th November. On 15th November, a subscription period will open, at which time investors can decide....