Around $165 billion has entered the crypto market over the past 24 hours, pushing total capitalization to $4.16 trillion, a little shy of its all-time high as digital asset momentum returns. “Risk appetite is incredibly strong,” and at near record levels, observed the Kobeissi Letter, commenting on leverage equity exchange-traded funds. That risk has extended […]
The United States government has shut down due to a failure to pass funding legislation, affecting many federal services and furloughing non-essential workers; however, essential services will continue. Crypto markets appear to have taken this in their stride with very little movement in most digital assets over the past few hours. Total capitalization is holding on […]
TL;DR Bitcoin’s price crashed hard in the past week, going from over $115,000 to under $109,000 at one point. However, the asset managed to remain above a key support level, which could send it flying toward its all-time high of over $124,000. Crash Won’t Stop BTC (For Now) When we zoom out for just a […]
Bitcoin’s latest pullback, roughly 12% below its all-time high of $124,000 all-time high, has sparked debate over whether this is a natural correction or an early warning of deeper risks. But data shows that the dip shows a maturing market where corrections reset leverage, not destroy momentum. Natural Cool-Off or Warning Shot The decline is […]
Around 146,000 Bitcoin options contracts will expire on Friday, September 26, and they have a notional value of roughly $17 billion. This expiry event is a big one because it is the end of the month and the end of the third quarter, so there could be some volatility on spot markets, which have tanked […]
The past day wasn’t kind to the cryptocurrency markets, as bitcoin slumped below a crucial support level and dipped to a three-week low of under $109,000 yesterday. Most altcoins crashed even harder, which is why the leveraged liquidations have skyrocketed to nearly $1 billion, according to CoinGlass. BTCUSD. Source: TradingView It was less than a […]
Bitcoin has not tracked global M2 money supply with such a large lag since May, observed the head of growth at Theya, Joe Consorti, on Wednesday. BTC is now lagging behind money supply growth by around 70 days, whereas gold has maintained an almost perfect correlation. It is a tale of “cross-asset correlations amid secular […]
Bitcoin critic Peter Schiff has doubled down on his stance, this time claiming the flagship cryptocurrency is in a bear market. However, the crypto community pushed back against his remarks, with many arguing that his analysis relied too heavily on short-term data. BTC Down 20% against Gold The economist dismissed Bitcoin in a September 24 […]
“I think we’re going to see a *MASSIVE* move up by Bitcoin soon,” said crypto analyst ‘Colin Talks Crypto’ on X on Monday. He added that we are at a “pivotal moment right now,” and BTC is “going to soar soon, and not look back.” The bullish prediction came as Bitcoin tanked around $4,000 from $116,000 […]
Bitcoin’s price actions took a turn for the worse over the past hour or so as the asset plunged to its lowest position since September 10 in a sudden flash crash. The liquidations, which stood at roughly $600 million earlier today, spiked by another billion as a result. BREAKING: Over $1 billion worth of Bitcoin […]