Bitcoin Loses $110,000 Support But Risk Signal Says Market Is Safe – Details
Over the last week, Bitcoin (BTC) investors witnessed a heavy market decline as prices crashed by over 5%. This negative performance has moved Bitcoin below $110, 00, pushing the asset near price lows seen in August. As expected, there are also growing implications of this price drop as analysts speculate it could be either another correction or the start of a bearish market. Notably, the X analysis platform, Swissblock, has shared some important market insights that support the steadiness of the present bullish market. Related Reading: The Mobility Advantage: Why Bitcoin’s Portability....
Related News
An important fundamental health signal of the Bitcoin network just crossed into “capitulation” territory, which in the past was associated with downside risk. However, the tool’s creator says that it wasn’t designed to give sell signals, and shouldn’t be interpreted that way. But because of how profitable its been used as a buy signal over […]
Bitcoin price is back below $55,000, unable to keep its bullish momentum it had leading into the Coinbase Global listing. Since then, things have turned down. The fall back below $60,000 has with it also taken the coin below a critical life-saving support level that’s been untouched since late 2020. Bitcoin Loses Life-Saving Support Level, […]
Bitcoin's fall toward $18,000 has revived demand for short-dated put options as a way to hedge downside risk.
Tamadoge (TAMA) is a new and exciting play-to-earn meme coin that is predicted to grow 10-fold in price. SOL bullish streak invalidated Solana has reached the oversold zone Tamadoge meme coin dubbed as better alternative to SOL Solana (SOL) plummets as it loses the support of an ascending channel it is in and further invalidating its bullish thesis. The crypto market is experiencing a turbulence as Bitcoin lost support from a rising wedge pattern. Related Reading: Ethereum Plunges 21% In Last 7 Days, Drops Below $1,600 SOL Wading Oversold Waters According to CoinMarketCap, SOL is down by....
Is bitcoin a safe asset? David Andolfatto, vice president of the Federal Reserve Bank of St. Louis, acknowledges in his blog, “MacroMania,” that bitcoin can be volatile over a short time span. But when people speak about safe assets, it’s not the same as providing a stable rate of return. Andolfatto, in considering what makes an asset truly safe, thinks bitcoin does have some important safety properties to consider, either for personal investing or policymaking. A safe asset is one people go to during uncertain economic times. In normal times, a safe asset is one that people hold despite a....