Trading
Bitcoin Rangebound Between $55K Support and $60K Resistance
The intermediate-term uptrend remains intact.
Polygon’s MATIC Token Jumps After 21Shares ETP Listing
At press time, the token was up 16% in 24 hours. Are cryptocurrency markets repricing “layer 2″ tokens?
Bitcoin Turns Lower as Fed Chair Suggests Inflation No Longer ‘Transitory’
Federal Reserve Chair Jerome Powell’s turnabout suggests the U.S. central bank might move more quickly to tighten monetary policy – potentially a negative for speculative assets including bitcoin.
Axie Infinity Finds Ready Players in Hyperinflation-Racked Venezuela
As they have in the Philippines, some players are making enough money to feed their families.
Bitcoin Struggles at $60K Resistance; Support Above $53K
Short-term downside is likely into the Asia trading day.
Junk-Rated El Salvador’s ‘Bitcoin Bonds’ Look Explosive (Think Volcano)
Anyone buying Salvador’s bitcoin-backed bond is betting on the cryptocurrency in a very big way, ignoring the country’s distressed-debt situation, one strategist said.
ProShares Bitcoin Futures ETF Wins ‘First Mover Advantage’ as VanEck Launch Falls Flat
The ProShares ETF has $1,4 billion in assets, compared with $8.7 million for the VanEck fund.
Bitcoin Long-Term Uptrend Intact; Support Around $53K-$56K
Momentum is still positive on a weekly basis, which is consistent with a bullish uptrend.
First Mover Asia: Bitcoin Drops Below $60K Amid Broad Sell-Off in Crypto Markets
Traders could not definitively explain bitcoin’s decline; ether falls under $4,000 for the first time since late October.
Bitcoin Tumbles to 3-Week Low Under $60K; Next Support at $53K
Market retreat comes as bitcoin’s daily price chart signals slowing upside momentum. The ether price fell below $4,000.
