Turning bullish? Institutions are net buyers of crypto for the first time in ...
CoinShares’ weekly report showed institutional managers are buying into crypto funds again after four weeks of profit taking. Following their longest streak of selling since February 2018, institutional managers became net buyers of digital asset funds last week, offering cautious optimism that the worst of the market selloff has passed. Inflows into digital asset funds devoted to Bitcoin (BTC), Ether (ETH) and others totaled $63 million in the week ended July 2, CoinShares said in its latest report. For the first time in nine weeks, inflows were registered across all individual digital....
Related News
Key Highlights. The Rubycoin price is trading with the bullish bias, but facing a major hurdle near 0.000360BTC. The stated level represents a crucial resistance that might ignite a move lower. A support trend line is formed on the hourly chart (data feed from Bittrex), which is likely to act as a buying zone in the near term. Rubycoin price is under the bullish pressure, but buyers have to clear 0.000360BTC if they have to take the price higher. Trend line support area. The Rubycoin price recently formed a nice bullish structure for a move higher, and also followed a bullish trend line on....
Bitcoin is holding steady above $16,000, even gaining some slight momentum above this level as buyers remain in full control This price action has been undoubtedly bullish for the cryptocurrency, with a daily close above this level confirming that this latest push higher is more than a fleeting pump Now that buyers have flipped this into support, it could be time for the crypto to see even further gains in the near-term One analyst explained […]
Key Highlights. Yesterday's idea that there can be more gains in Dogecoin, and buying dips is a good option worked as prices dipped and surged higher one more time. There is a major resistance building up around 77.5 Satoshis where buyers might struggle. Dogecoin continued to gain traction as buyers remain in control, but it would be really interesting to see how long the bullish trend can continue. 77.5 Satoshis as a Barrier. One more hurdle was cleared by Dogecoin buyers recently, as 71.7 Satoshis (Yesterday's high) was breached to set a new weekly high. There is a lot of bullish....
Key Highlights. Litecoin price once again gained traction and moved higher as buyers were seen active during this past week. There is a critical resistance formed around $1.90 where buyers might face a tough time. Litecoin price once settled below the 100 simple moving, but later after buyers came into action, the price moved back above the same. The Bollinger Bands are nicely following a bullish path, which is a positive sign in the short term. The 50% Fib retracement level of the last drop from the $1.95 high to $1.50 was also breached, paving the way for more gains. Moreover, the 61.8%....
Key Highlights. Dash price failed to break a critical support area at 0.0116BTC and traded back higher. There was no way for sellers to take the price lower, and as a result there was an upside reaction. A solid bullish bar is formed on the hourly chart, which has the potential to take the price higher. Dash price was rejected around 0.0116BTC on a number of occasions, which resulted in a spike higher. Consolidation Phase. We highlighted the importance of 0.0116BTC support area that helped buyers time and again. There was a rejection noted Intraday around the mentioned support area, and....