Crypto markets were retreating heavily during early Monday morning trading in Asia, how low they go may be influenced by this week’s economic events. There are eleven Federal Reserve speaker events this week and a raft of economic data that could set the scene for the final quarter as Q3 comes to a close. Economic […]
Bitcoin’s price has broken post a key level recently and is seemingly targeting a new all-time high in the short term. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the price has finally broken above the $64K level and the 200-day moving average, which is located around the same mark. […]
Around 89,000 Bitcoin options contracts are due for expiry on Friday, Sept. 27. These BTC derivatives have a notional value of around $5.8 billion. Today’s options expiry is a whopper due to the end of the month and the end of the third quarter, so it could impact spot markets, which have been on the […]
After a quiet weekend in which it stood primarily around $63,000, BTC went on the offensive during the Monday morning Asian trading session but was stopped at just under $65,000. The subsequent rejection brought some more volatility to the market, which has liquidated over 60,000 traders on a daily scale. Bitcoin’s price actions were quite […]
Crypto markets have held on to last week’s gains over the weekend following a boost from the Federal Reserve’s 0.5% interest rate cut. This week has a number of reports on consumer sentiment, gross domestic product, and more inflation data. “Expect more volatility and larger swings as markets shift attention to the next Fed meeting,” […]
The past ten days or so went quite positively for bitcoin as the asset added almost ten grand within this timeframe, mostly fueled by the US Federal Reserve’s decision to reduce the key interest rates. However, certain social metrics suggest that the cryptocurrency’s run could be over, at least in the short term. FOMO to […]
Around 20,000 Bitcoin options contracts are due for expiry on Friday, Sept. 20. These crypto derivatives have a notional value of around $1.26 billion. Today’s options expiry is very similar in size to last week’s expiry event, which did not have much of an impact on crypto spot markets. Next week’s expiry is an end-of-month […]
BTC has gained almost 5% over the past 12 hours, topping $62,000 for the first time in more than three weeks. The asset climbed from an intraday low of $59,200 to tap $62,600 before retreating slightly during the Wednesday morning Asian trading session. In a post on X on Sept. 19, crypto analyst ‘Nebraskangooner’ called […]
As repeatedly said in the past few days, all financial markets, especially crypto, were focused on the FOMC meeting that took place on September 18 as the US central bank was expected to lower the interest rates for the first time in about four years. Once that came to fruition, markets went berserk, with massive […]
Bitcoin has been trading sideways since March, and the third quarter, especially September, has traditionally been a bearish period. With the month and quarter approaching the end, analysts are turning bullish again, predicting a long-awaited breakout for BTC and crypto markets. On Sept. 18, analyst ‘RamenPanda’ observed that markets have spent six months going sideways, […]