Gold prices hit an all-time high of $4,491 per ounce on Monday, according to Gold Price, as investors continue to seek safe-haven assets. Analysts pointed to rising geopolitical tensions and softer monetary policy as key drivers of the surge, reported CBS News. “The metals trade has been strong all year, and particularly for gold,” Bret Kenwell, […]
The leading crypto exchange, Binance, has surpassed 300 million registered accounts eight years after its July 2017 launch. The exchange’s growth is attributed to effective liquidity management and fast asset listings. It also benefited from stablecoin markets and strategies that appeal to both retail and institutional participants. From the start, Binance lowered barriers for global […]
The Kingdom of Bhutan has taken its adoption of bitcoin (BTC) a step further by allocating a portion of its reserves to the development of its new special administrative region, Gelephu Mindfulness City (GMC). According to a press release sent to CryptoPotato, the country will channel 10,000 BTC, worth roughly $1 billion, to support the […]
Crypto markets reclaimed the psychological $3 trillion market cap level over the weekend, and for the first time in a while, there has been no late Sunday dump. The week ahead is likely to be limited in volatility due to subdued trading over the Christmas holiday period. Some GDP data is due, but there are […]
Bitcoin’s price has been on an evident downfall for over two months, ever since it peaked above $126,000 in early October, losing roughly 30% of its value since then to $88,000 as of now. Analysts are now debating whether the bear market has started or if this is yet another typical correction during bull cycles. […]
Bitcoin’s price continues to consolidate just below the $90K mark after weeks of selling pressure. Buyers are trying to hold the mid-range, but momentum remains weak across higher timeframes. The current PA (price action) shows signs of temporary relief, but the broader sentiment points to continued caution from institutional players. Bitcoin Price Analysis: Technicals By […]
Bitcoin’s average price behavior after the RSI (relative strength index) drops below 30 has nearly always rebounded, according to the macro research head at Global Macro Investor, Julien Bittel. He shared a chart showing the average market path the last five times Bitcoin’s RSI broke below 30. The analyst also rejected the popular belief that […]
Bitcoin (BTC) is showing clear signs of entering an increased risk-off phase as market structure indicators shift into bearish territory. According to analyst Axel Adler Jr., both the Structure Shift composite indicator and the Bull-Bear Index point to growing downward pressure, particularly in the derivatives market. Risk-Off Signals Flash Red The Structure Shift signal, which […]
Bitcoin selling pressure is still outweighing demand and buying pressure as the bears are keeping markets suppressed. “Why is Bitcoin not pumping?” asked analyst and Stock-to-Flow model founder PlanB on Wednesday. He said that 50% is selling by “OGs traumatized by 2021, technical investors looking at RSI [relative strength index], and four-year cycle fans expecting […]
Digital asset investment products recorded total inflows of $864 million last week, in the third consecutive week of modest gains. CoinShares said that this trend indicates a cautiously optimistic investor sentiment despite mixed market reactions following the recent US Federal Reserve interest rate cut. Cautious Optimism Builds According to the latest edition of CoinShares’ Digital […]