Bitcoin (BTC) declined alongside equities and other cryptos on Friday. The higher-than-expected U.S. CPI print triggered risk-off sentiment across global markets. Technical indicators suggests risk of additional downside over the short-term.
Market Wrap: Bitcoin Close to $30K as Investors Search for a Bottom
Bitcoin (BTC) is trading around the $30K price level and appears to be in the mid-to-late stage of a bear market phase, according to some indicators. Meanwhile, some fund managers are hoping for a 10%-20% price jump to recover from last month’s losses.
Market Wrap: Bitcoin Declines, Resisting Seasonal Norm; Altcoins Mixed
Bitcoin (BTC) declined alongside other cryptos and stocks on Wednesday. Meanwhile, WAVES rallied by as much as 20% over the past 24 hours. The historical odds of positive monthly BTC returns diminish until Q4.
Market Wrap: Bitcoin Rises to $32K, Outperforming Altcoins
Cryptos advanced with bitcoin (BTC) in the lead. Although, Cardano’s ADA and Axie Infinity’s AXS token rallied on Tuesday. Some analysts are skeptical despite the current short squeeze in crypto.
Market Wrap: Metaverse Tokens Rise; Crypto Analysts Expect More Volatility
Bitcoin (BTC) and other cryptos were mixed on Wednesday. Although, some metaverse tokens such as MANA and SAND outperformed. Analysts expect higher volatility if a breakout or breakdown in BTC occurs.
Market Wrap: Cryptos Decline Amid Bearish Sentiment
Bitcoin (BTC) and other cryptos traded lower on Tuesday. Bearish sentiment remains at extreme levels among crypto traders, and analysts expect a period of lower returns.
Market Wrap: Bitcoin Unable to Hold $30K, Altcoins Mixed
Bitcoin (BTC) tumbled later in the New York trading day, while alts were mixed and Fantom’s FTM rallied. Will a peak in the U.S. dollar offer relief for bitcoin?
Market Wrap: Cryptos and Stocks Mixed Amid Bearish Sentiment
Bitcoin (BTC) is stabilizing around $30K while stock market volatility is fading. Altcoins were mixed, although recent underperformance could signal caution among some traders. Indicators show short-term BTC buying, albeit with limited upside.
Market Wrap: Cryptos Mixed as Volatility Fades, Traders Expect Weak Recovery
Bitcoin (BTC) was roughly flat on Monday as several alternative cryptos (altcoins) underperformed. Analysts expect prices to stabilize as volatility fades.
Market Wrap: Cryptos Extend Losses as LUNA Plunges
Bitcoin (BTC) and other cryptos declined on Wednesday amid stress in stablecoins. LUNA plunged by 96% and Solana’s SOL token saw a 30% dip. Option traders are seeking downside protection.
Market Wrap: Altcoins Outperform as Bitcoin Stabilizes Around $30K
Bitcoin (BTC) and other cryptos stabilized on Tuesday amid rising correlations with stocks. Altcoins such as MATIC rallied over the past 24 hours, indicating a greater appetite for risk among short-term traders.
Market Wrap: Cryptos, Stocks Tumble Amid Extreme Bearish Sentiment
Bitcoin (BTC) is down by 11% over the past 24 hours while altcoins underperformed. Sentiment indicators are in “extreme fear” zone, similar to what occurred in January. Still, BTC could see further downside before a definitive low.