Recent Bitcoin Rally Had Nothing to do With Sanctions on Russia, Here’s Why
Earlier this week, the Bitcoin (BTC) price rallied all the way to $44,000 levels amid reports that the recent U.S. sanctions on Russia were the reason behind it. However, new data shows that talks of Russians are evading sanctions via crypto don’t seem to be true. As per data from blockchain analytics firm Chainalysis, the The post Recent Bitcoin Rally Had Nothing to do With Sanctions on Russia, Here’s Why appeared first on CoinGape.
Bitcoin Taker Buy/Sell Volume Shows “Buy” Signal As BTC Gears Up For Rally
On-chain data shows the Bitcoin taker buy/sell volume is now showing a “buy” signal as the crypto looks to be gearing up for a new rally. Bitcoin Taker Buy/Sell Volume Says Now May Be The Time To Buy As pointed out by an analyst in a CryptoQuant post, the BTC taker buy volume recently reached a value that has historically been a green signal for the crypto. The “taker buy volume” is an indicator that measures the long volume of Bitcoin on derivatives exchanges. The metric works by checking order
Market Strategist Explains 4 Reasons Why BTC Is Rallying — ‘Ukraine Crisis Highlights How Bitcoin Can Act as a Support Mechanism’
On Monday, Sven Henrich, the founder and the lead market strategist for northmantrader.com discussed bitcoin “rallying in the face of this crisis.” The technical analyst and market commentator highlighted four reasons why he believes bitcoin’s value surged — “Fundamental, Sentiment, Technical, [and] Safety trade.” Northmantrader’s Founder Sven Henrich Describes Why He Thinks ‘Bitcoin Is Rallying […]
Bitcoin could reach $40,000 when this happens…
Bitcoin has kept everyone on their toes by exhibiting the most volatile movement this year. Rallies to $60k and crashes dropping BTC down to $29k certainly don’t induce the kind of adrenaline people are looking for. But all of this is in the past, the question that now arises is what the future holds for […]
What do these metrics mean for Bitcoin?
The crypto fear and greed index showed extreme fear as Bitcoin traded below $35000. In the past two days, the index has gone from fear to extreme fear and this shift came at a time when Bitcoin’s price was recovering. Retail traders across exchanges seemed to disagree with the bullish narrative. Based on the average […]
Is Bitcoin losing market traction or gaining momentum?
Bitcoin is one of the biggest store of value assets existing at the moment. Naturally, it also becomes the point of focus for the majority. While in most cases such attention would be for the better of the coin, in the case of BTC, the last few months have been rather unpleasant. In the span […]
Why these traders continue to be a critical part of Bitcoin’s price action
This past week most of Bitcoin’s price action was governed by crowd sentiment. HODLers have been a critical part of the narrative and so were the whales, retail traders, and institutions. For the most part of the season, the price trend was governed largely by institutional buying and change in HODLer composition. However, following the […]
Traders can make 25% on Bitcoin remaining market neutral, here’s how
With Bitcoin’s price back under $60000, and increased investment inflow to altcoins and top DeFi tokens. It may be the best time for retail traders to direct their investment to HODLing Bitcoin in the long term and getting yields while remaining neutral in the market. Currently, the aggregate trade volume in Bitcoin futures is relatively […]
As Bitcoin (BTC) Approaches $59K, Buy Calls Hit 3-Week High
The overall cryptocurrency market cap has reached $2 trillion as Bitcoin continues to show strength making a move to $59K levels. Although, Bitcoin faces strong resistance at $60K its volatility has reduced as the BTC price is limiting its movement between $57K-$59K. With this happening, Bitcoin’s on-chain metrics show that its fundamentals continue to improve The post As Bitcoin (BTC) Approaches $59K, Buy Calls Hit 3-Week High appeared first on Coingape.
Bitcoin Options Expiry Tipped to Hit $6 Billion Mark
Bitcoin traders and investors are searching to indicate what might move the market as a record near $6 billion worth of bitcoin options is set to expire on March 26. Boosted Market Cap, Dwindling Rally Bitcoin is racing past a trillion-dollar market cap, reaching an elusive milestone and opening the door for new opportunities. Bitcoin returned toRead More
Bitcoin: Why institutional investors aren’t worried about BTC’s price
Bitcoin has been on a virtually unstoppable rally since October 2020, with the cryptocurrency touching an all-time high of over $58,000 a few weeks ago. At press time, however, the market-leading digital asset was trading at around $48,400 after a serious bout of volatility. It can be argued, however, that the aforementioned value is still […]
Bitcoin Now the Most Crowded Trade – Labeled a ‘Bubble’ in Bank of America Survey
According to findings of a recent Bank of America (BOA) survey, buying bitcoin has now surpassed tech stocks as the most crowded trade. This new ranking means tech stocks have been relegated into second place for the first time since October 2019. Bitcoin Bubble Ranking Still, a majority of the interviewed fund managers believe bitcoin […]