First 6-week losing streak since 2014 — 5 things to know in Bitcoin this week
Clouds on the horizon grow nearer as markets prepare for more inflation cues this week. Bitcoin (BTC) starts the second week of May 2022 by bringing up bearish ghosts from its past — how much worse could the picture get for hodlers?After falling to nearly $33,000, the largest cryptocurrency is giving market participants, new and old, a run for their money, and the fear is palpable.A brutal combination of macro cues, which are set to continue this week and beyond, forms the backdrop for some historical chart retests that no one wanted to see again.As calls for capitulation continue, there....
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The longest weekly losing streak in Bitcoin history is finally broken, but the mood among analysts is anything but unanimously bullish. Bitcoin (BTC) starts a new week with some fresh hope for hodlers after halting what has been the longest weekly downtrend in its history.After battling for support throughout the weekend, BTC/USD ultimately found its footing to close out the week at $29,900 — $450 higher than last Sunday.The bullish momentum did not stop there, with the pair climbing through the night into June 6 to reach multi-day highs.The price action provides some long-awaited relief....
UNUS SED LEO rose to a one-week high on Thursday, as prices rebounded following a three-day losing streak. Another token which rebounded in today’s session was cosmos, which climbed higher following five straight days of declines. Overall, crypto markets are down 1.09% as of writing. UNUS SED LEO (LEO) UNUS SED LEO (LEO) rebounded on Thursday, following three straight days of lower lows. Following a bottom of $4.73 on Wednesday, LEO/USD rallied to an intraday peak of $5.23 in today’s session. However, Thursday’s rally came as LEO bulls pushed prices higher, following....
SOL was slightly higher on Tuesday, as prices rebounded following recent declines. The token bounced on its long-term support point earlier today, as bulls entered the market. MATIC also moved higher, colliding with its own price ceiling.
Solana (SOL)
SOL was trading marginally higher in today’s session, as prices rebounded following a four-day losing streak.
This streak was snapped as bulls entered the market close to a support point of $32.65, pushing prices away from recent lows.
Tuesday’s rally saw SOL/USD hit an intraday peak of $35.64,....
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