On-chain data shows the Bitcoin funding rates have observed a rise again, suggesting that another long squeeze may be in store for the crypto. Bitcoin Funding Rates Show Relatively High Positive Value As explained by an analyst in a CryptoQaunt post, the current positive funding rates may mean the price could observe a decline soon.…
Bitcoin price bounced to the tune of 5% following yesterday’s Federal Reserve meeting. However, the move has almost fully retraced. What’s interesting about the situation, is that traders at one particular platform could have seen this coming a lot more clearly, while others might have suffered a fake out. Here is a closer look at…
Following the failure of the crypto market to return to its former glory, institutional investors are fleeing in droves. The market has seen a large outflow of institutional cash in recent weeks, according to multiple sources. Coinshares made the figure surrounding the conversation available a few days ago in a recent update. Investors Leave Market…
Bitcoin gained pace above the $39,000 resistance against the US Dollar. BTC even tested $40,000 and might continue to rise in the near term. Bitcoin started a decent increase above the $38,800 and $39,000 resistance levels. The price is now trading above $39,000 and the 100 hourly simple moving average. There was a break above…
After its third-largest weekly fall in over a year, the Bitcoin (BTC) price has finally began to rise. BTC’s price has effectively rebounded from the important support level of $37,500, despite an impending Federal Reserve rate hike. Bitcoin Poised For 10% Jump Various analysts, like The Wolf of All Streets, Michael van de Poppe, and…
With the price of bitcoin still trading below $40,000, institutional inflows into the digital asset have slowed significantly. This has now flowed into other digital assets in the space. But what is most significant is the outflow rate which has neared one-year lows. Bitcoin Outflows Grows For the past couple of weeks, the rate at…
Bitcoin is facing resistance near $38,200 against the US Dollar. BTC remains at a risk of more downsides unless there is a move above the $39,000 resistance. Bitcoin is facing a major resistance near the $38,200 and $39,000 levels. The price is now trading below $38,500 and the 100 hourly simple moving average. There is…
The price of Bitcoin (BTC) has failed to break through the $40,000 barrier, indicating that confidence in the cryptocurrency market remains sluggish. BTC has been declining for more than a month. If it falls below $38K, it could fall all the way to $32K. While the crypto market is now bearish, another crash is improbable,…
Edwin Starr said it best: war is good for nothing. Recently, talks of war have affected crypto in a major way – an invisible string connects the two and we will take a look at how war could impact crypto prices, and the bigger picture impacts at hand. Related Reading | Bitcoin Gives Bullish Clues,…
Bitcoin bulls continue to be demoralized, as the price per coin grinds continuously at lows for what feels like an infinite amount of time. However, a bottom could be forming, according to an indicator that has reached historical lows not seen since the 2015 bear market bottom. What followed the last signal, was 10,000% returns…