Where Is Bitcoin Headed?
A new bitcoin four-hour price chart reveals the relative strength index (RSI) is oversold, which typically precedes a price bounce. However, the RSI is neutral on the daily and weekly chart, suggesting a period of consolidation between $42,000 support and $50,000 resistance could persist.
What Triggered This Week's Market Correction?
Messari research analyst Aidan Mott discusses the potential catalyst behind this week's market correction, explaining why his outlook for bitcoin remains positive despite recent "rapid cascading liquidations" across the crypto markets. "We're seeing a healthy rebound into more normal territories," Mott said. Plus, insights into institutional activity.
Bitcoin Rangebound Ahead of $48K-$50K Resistance
Bitcoin is stuck in a tight range as sellers take a breather from this week’s sell-off.
Crypto Futures Saw Record $10B Worth of Liquidations Sunday
Forced closure of long positions or bullish trades accounted for over $3 billion, or over 90% of total liquidations Tuesday, which shows the leverage was excessively skewed bullish across the board. Liquidations happen when trades cannot fulfill margin requirements for holding long/short positions and often exacerbate bullish/bearish moves.
What’s Behind the Record Crypto Futures Liquidations?
The crypto futures market saw the highest number of liquidations in history Sunday as the sudden bitcoin price pullback caught overleveraged traders off guard. CoinDesk’s Galen Moore discusses the potential factors that caused market-wide liquidations and the outlook for bitcoin.
Bitcoin Stabilizes Around $46K After Selloff, Resistance at $50K
Bitcoin is stabilizing around the 200-day moving average at $46,000 after a sharp selloff Tuesday. The cryptocurrency has been down about 10% over the past 24 hours as sellers control the $50,000 resistance zone.
Bitcoin Price Plunges, Metaverse Actions Heats Up in China
Bitcoin takes a plunge. A regulator says crypto crackdown is needed in Hong Kong. Metaverse action heats up in China. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
¿Quiénes son los principales opositores y partidarios de la Ley Bitcoin de El Salvador?
La nueva ley del presidente Nayib Bukele enfrenta muchas críticas internas. Gran parte de su apoyo proviene del exterior.
‘Mixed Picture’ in El Salvador as Bitcoin Becomes Legal Tender
El Salvador became the first country in the world to adopt bitcoin as legal tender on Tuesday, despite widespread local skepticism. Peter McCormack, host of the popular podcast “What Bitcoin Did,” discusses the possible outlook and impact of the Bitcoin Law rollout amid “very mixed” sentiments from Salvadorans.