Bitcoin futures open interest on CME nears 2021 all-time high
The futures positioning on CME shows Bitcoin could still move higher from its current price, says IG Australia analyst Tony Sycamore. Go to Source
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Spot ETF-induced Bitcoin rally isn’t guaranteed to stick: Analysts
Investors will likely see Bitcoin surge even more when a spot Bitcoin ETF is approved, but other factors are needed for the rally to sustain, warn analysts. Go to Source
Crypto market sentiment at highest point since BTC’s $69K all-time high
The Crypto Fear & Greed Index has returned to levels not seen since the peak crypto market rally of November 2021. Go to Source
Coinbase hoses down rumors of weekly withdrawal limits on Bitcoin
Coinbase has denounced rumors of it imposing Bitcoin withdrawal limits circulating on social media as inaccurate. Go to Source
Is Uptober here? Bitcoin, Ethereum suddenly pumps, wiping $70M in shorts
The price of Bitcoin and Ethereum surged nearly 4% in just a 15-minute window, sparking bullish predictions for the remainder of October. Go to Source
Bitcoin ETFs or not, don’t expect a ‘sexy’ crypto bull run: Concordium founder
Experts remain divided on when the next bull market is set to kick off, but they all agree on one thing: the next big rally won’t look like the last one. Go to Source
Crypto market ‘dramatically underestimates’ bullishness of spot Bitcoin ETFs
“It’s reckless not to aggressively accumulate BTC at current levels,” K33 senior analyst Velte Lund said in a recent report. Go to Source
Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold’s Rise Above $2,000
This week, Bloomberg Intelligence Senior Macro Strategist Mike McGlone shared his March outlook and noted that the “top catalyst” that could push gold above the $2,000-per-ounce range is a recession. McGlone further explained in an update about bitcoin and the Nasdaq that a key ingredient to force the U.S. Federal Reserve to pivot its stance … Read more
Bitcoin price charges higher, but whales line up to sell BTC at $20K
Analysts claim “mega whales” will make it very difficult for BTC traders to flip $20,000 to support. Go to Source Powered by WPeMatico
Market Strategist Explains 4 Reasons Why BTC Is Rallying — ‘Ukraine Crisis Highlights How Bitcoin Can Act as a Support Mechanism’
On Monday, Sven Henrich, the founder and the lead market strategist for northmantrader.com discussed bitcoin “rallying in the face of this crisis.” The technical analyst and market commentator highlighted four reasons why he believes bitcoin’s value surged — “Fundamental, Sentiment, Technical, [and] Safety trade.” Northmantrader’s Founder Sven Henrich Describes Why He Thinks ‘Bitcoin Is Rallying … Read more
