Bitcoin (BTC) and stocks declined on Thursday. The market’s risk-off tone has overwhelmed short-term price jumps, although The Luna Foundation Guard (LFG) continued to buy.
Market Wrap: Bitcoin and Stocks Rise After Fed Raises Rates; Growth Concerns Ease
Bitcoin (BTC) rose by as much as 5% over the past 24 hours, tracking moves in stocks, as the U.S. Federal Reserve eased concerns about slowing economic growth. Wednesday’s rate hike was expected by market participants.
Market Wrap: Bitcoin Traders Take Some Profits Ahead of Fed Meeting, Expect Higher Volatility
Bitcoin (BTC) is roughly flat over the past week, although option traders have hedged against further price drops. And long-term bitcoin holders are taking profits.
Market Wrap: Cryptos and Stocks Mixed; Bitcoin Outperforms Altcoins
Stocks and cryptos have experienced choppy trading so far this year, reflecting uncertainty among global investors. Meanwhile, bitcoin (BTC) is starting to outperform some altcoins.
Market Wrap: Cryptos Mixed as Bitcoin Trades Near $40K
Bitcoin (BTC) and other cryptos continued to stabilize on Thursday, tracking gains in stocks. Meanwhile, Bitcoin’s network activity continues to hold up, for now, although changes in price can influence transaction volumes.
Market Wrap: Bitcoin Stabilizes as Bearish Sentiment Pauses
Bitcoin (BTC) and other cryptos stabilized on Wednesday along with stocks. Some analysts are monitoring risks of a recession, which could weigh on speculative assets. Volume and volatility remain light.
Market Wrap: Cryptos and Stocks Fall; Bitcoin Trades Below $40K
Bitcoin (BTC) and other cryptos declined on Tuesday, tracking losses in stocks. Some analysts are watching for signs of a decisive breakout or breakdown beyond $40K. Meanwhile DOGE pared most of yesterday’s rally.
Market Wrap: Cryptos Mixed as Global Uncertainty Lingers; Dogecoin Pumps
Bitcoin (BTC) and other cryptos were mixed on Monday, although dogecoin (DOGE) surged by 14% amid reports that Twitter will accept Elon Musk’s takeover offer. Stocks were also mixed, although analysts are watching for signs of stabilization across risk assets.
Market Wrap: Bitcoin Rise Loses Steam After Fed Comments
Bitcoin (BTC) pulled back midway through the New York trading day after the Fed signaled higher rates. Price indicators, however, are positive over the short-term as altcoins take the lead.
Market Wrap: Bitcoin Fades From $42K, Alts Still Ahead as ApeCoin Pumps
Bitcoin (BTC) and other cryptos were mixed on Wednesday. Altcoins continue to gain ground as APE rallied by as much as 24%. And DeFi tokens are lagging, although the downtrend appears to be slowing.
Market Wrap: Altcoins Outperform as Sentiment Improves; Bitcoin Within ‘Value Zone’
Bitcoin (BTC) and other cryptos rose on Tuesday, indicating a greater appetite for risk among traders. Some analysts suggest bitcoin is entering a value zone, which typically precedes strong breakouts or breakdowns in price.
Market Wrap: Bitcoin Bounces Around $40K as Stocks Waver; Crypto Security Concerns Intensify
Bitcoin (BTC) and other cryptos edged higher along with stocks on Monday. Although, volume remains relatively light and some analysts see limited upside for BTC. Plus, recent hacks and money laundering could trouble policymakers.
Market Wrap: Cryptos Mixed Amid NFT Slowdown, Meme Coin Surge
During a shortened week in traditional markets, with U.S. stock exchanges closed on Friday, bitcoin struggled for direction, hovering around $40K, while DOGE and SHIB experienced wild swings.
Market Wrap: Bitcoin Dips as Macro and Geopolitical Uncertainties Remain
Bitcoin (BTC) and stocks continue to trade within a range, albeit with large price swings. That indicates uncertainty among investors regarding geopolitical risk. Meanwhile, bitcoin whales are starting to take some profits.
Market Wrap: Cryptos Rise as Bitcoin Returns Above $40K
Bitcoin (BTC) returned above $40K on Wednesday, shaking off some bearish sentiment over the past few days. Altcoins outperformed, although indicators suggests cryptos are not at a cycle low just yet.
Market Wrap: Crypto Sell-Off Pauses as Volatility Fades; Altcoins Outperform
Bitcoin (BTC) and other cryptos stabilized on Tuesday amid lower volatility. Options traders remain uncertain as demand for puts began to outweigh demand for calls. Stocks were also mixed, while gold traded higher.
Market Wrap: Bitcoin Sell-Off Deepens as Correlation With Stocks Rises
Bitcoin (BTC) and other cryptos extended losses on Monday, tracking the down move in stocks. The correlation between bitcoin and the Nasdaq 100 reached a new high as investors reduce their appetite for risk.
Market Wrap: Cryptos Recover, With Altcoins in the Lead
Bitcoin (BTC) and other cryptos stabilized on Thursday along with stocks. Altcoins led the way higher, although trader sentiment remains mixed. Also, mining data can be useful to track price peaks and troughs.
Market Wrap: Altcoins Underperform as Traders Reduce Risk
Bitcoin (BTC) and other cryptos traded lower on Wednesday. Altcoins underperformed, indicating a lower appetite for risk among crypto traders. Hawkish Fed minutes contributed to losses as well.
Market Wrap: Bitcoin and Stocks Briefly Dip After Fed Comments; DOGE Rallies
Bitcoin (BTC) traded roughly flat over the past 24 hours, compared with a 17% rally in dogecoin (DOGE), while WAVES dipped. The dispersion in crypto returns suggests some caution among traders amid macroeconomic risk.