Bulls abandon ship as a $93M Bitcoin options imbalance favors BTC bears
$540 million in Bitcoin options open interest will expire on Friday and a $93 million imbalance shows bears are taking control. Go to Source Powered by WPeMatico
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‘Not a good signal’ — Bitcoin miner sell-off risk hits highest in 3 years
The Bitcoin Miners’ Position Index achieved a three-year high, indicating that miners are likely in a selling mood. Go to Source Powered by WPeMatico
Bitcoin undervalued sub-$20K, says new report as BTC mimics 2017 bull run
Bitcoin’s market cap to thermocap ratio is primed to repeat bullish behavior, analysis from Stack Funds says. Go to Source Powered by WPeMatico
Ethereum price targets $590 after bulls vigorously buy the ETH dip
Bulls swooped in to buy Ethereum as it dropped to a critical support level and now they’ve set their sights on $590. Go to Source Powered by WPeMatico
Bitcoin will eat gold’s market share, according to JPMorgan
The investment bank says gold could languish for years as Bitcoin’s popularity grows. Go to Source Powered by WPeMatico
Why XRP, DeFi tokens crashed the most vs. BTC as Bitcoin price corrects
As Bitcoin dropped below $18,000, major altcoins including XRP and DeFi tokens fell by 10% to 30%. Go to Source Powered by WPeMatico
Bitcoin plunges below $18,000 — Here are the levels to watch next
Downward pressure sees Bitcoin stop trading sideways to fill more of the giant $1,300 CME futures gap on Wednesday. Go to Source Powered by WPeMatico
Report: Cryptos Set for Massive Adoption in the US as More Americans Embrace Digital Alternatives to the Dollar
A survey commissioned by Satoshilabs finds that from the 45.8% of American respondents that say they own cryptos, nearly all of them (95%) believe cryptos to be a genuine currency solution. In addition, about 31.7% of those surveyed see crypto as a legitimate alternative to the U.S. dollar, while 40% still slightly favor fiat cash. … Read more
‘A flood of money and credit’ — Ray Dalio new Bitcoin praise echoes MicroStrategy
The billionaire warns about incoming asset inflation while recommending Bitcoin and gold as he continues warming to cryptocurrency. Go to Source Powered by WPeMatico
$17K CME gap-fill looms after Bitcoin price closes below key moving average
Bitcoin price ended its consolidation phase by closing below $18,300 but will traders buy the dip? Go to Source Powered by WPeMatico