Market Update – Page 33

Bitcoin price weekly outlook: BTC bulls await breakout above 50-day EMA

BTC price inched toward 2020’s support with traders expecting more gains if a breakout occurs.

Crypto Fear and Greed Index Taps Low at ‘Extreme Fear,’ BTC Technicals Point to Uncertainty

On Wednesday, following the drop below the $30,000 region, bitcoin’s price has rebounded more than 8% since Tuesday’s low. Meanwhile, the sentiment metric recorded by the Crypto Fear and Greed Index (CFGI) is extremely low, pointing to “extreme fear” in the market. Despite being a scary term, the time is usually the best time to […]

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Institutional demand for Bitcoin evaporates as BTC struggles below $31K

A lack of institutional demand and several bearish factors are complicating all efforts to pull Bitcoin price back above the $31,000 level.

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Analyst: ‘Bitcoin Correction Very Similar to 2013 — BTC May Remain Stuck at $30K for a While’

The analytics provider Ecoinometrics has published a tweetstorm that shows the current downward spiral from bitcoin’s all-time high is one of “the longest drawdowns bitcoin has had to deal with during a post-halving bull market.” Furthermore, the same day, analyst and economist, Julio Moreno, highlighted in a recent blog post that “in bitcoin, volatility is […]

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Bulls largely absent as Bitcoin price slips to the bottom of its range near $32K

Traders appear to be sitting on their hands even as Bitcoin price drops closer to a critical support level at $32,000.

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Bitcoin price falls under $33K, but on-chain data hints at BTC accumulation

Signs of BTC accumulation begin to emerge as the network’s hashrate rises and exchange outflows increase in July.

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Analysts say Bitcoin’s choppy price action is ‘typical of low liquidity markets’

Bitcoin bulls pushed the price back above $34,000 but analysts warn that a variety of bearish factors remain a threat in the short term.

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Altcoin bulls pile into Synthetix (SNX), Axie Infinity (AXS) and EOS

Data from Cointelegraph Markets Pro shows SNX, AXS and EOS as the strongest 24-hour gainers as the bullish momentum in DeFi and NFT tokens continues to build.

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Bitcoin Sinks Below $33K, Analyst Says BTC at ‘Dangerously Low Levels’ While ETH Rests at ‘Comfortable Levels’

Bitcoin and a number of popular digital assets have been dropping in value over the past 24 hours, as bitcoin has slipped below the $33K handle. The entire market capitalization of all 10,000+ crypto assets in existence has shed billions during the overnight trading sessions, and the crypto economy currently rests at $1.38 trillion, down […]

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Are KuCoin Shares overvalued after KCS price gains 100% in one month?

The 72nd-largest cryptocurrency by market cap reached its two-month high amid a rally across exchange-based digital assets but faces downside risks due to overvaluation and thin volumes.

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