Price analysis 6/4: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, ICP, BCH
Continued selling at overhead resistance levels suggests that Bitcoin and altcoins could remain range-bound in the short term. Go to Source Powered by WPeMatico
Markets
Auto Added by WPeMatico
Crypto Consolidation Continues — Bitcoin’s Attempt to Rise Above Psychological Levels Falls Short
Digital currency markets have slid in value over the last 12 hours as the entire crypto-economy has lost over 7% during the last 24 hours. Bitcoin attempted to cross the $40k handle but was stopped at $39,490. Since then, bitcoin has dipped 7.3% during the early morning (EST) trading sessions on Friday. Bitcoin $40K Attempt … Read more
Curve (CRV) sees 150% rebound as DeFi bottoms and ETH gas fees drop
Falling Ethereum gas fees, the launch of Convex Finance and the DeFi sector reaching a potential bottom back CRV’s impressive 150% rally since May 23. Go to Source Powered by WPeMatico
Ethereum has strong fundamentals, so why are pro traders bearish on ETH?
Ethereum price has outperformed Bitcoin by 32% since May but derivatives data shows pro traders are feeling less bullish about the top altcoin. Go to Source Powered by WPeMatico
Here’s 3 ways the relative strength index (RSI) can be used as a sell signal
Bearish divergences and overbought conditions on the RSI are signals traders can look for when considering whether to close a position. Go to Source Powered by WPeMatico
QE Begins to Slow — Federal Reserve Reveals Winding Down of Corporate Bond Purchases
On Wednesday, the U.S. Federal Reserve announced it would be winding down its corporate bond purchases and selling part of its portfolio. The central bank plans to start with exchange-traded funds and then move on to bonds as the Fed insists “sales will be gradual and orderly.” Federal Reserve Starts to Unwind QE All eyes … Read more
Defi Economy Is Recovering Faster Than Most Crypto Assets After Market Rout
Decentralized finance (defi) exchanges and tokens are recovering a lot faster than a great number of digital assets that lost more than 40% in value last week. Defi tokens like curve, kyber network, terra, hxro, and more have been seeing double-digit gains. On May 23, the defi economy’s aggregate total-value locked (TVL) dropped to a … Read more
Analyst says Bitcoin could see ‘a smaller drawdown and a quicker bottom’
Bitcoin bulls fell short of flipping the $38,000 level to support, and one analyst said on-chain data signals that BTC could see “a smaller drawdown.” Go to Source Powered by WPeMatico
Market makers in ‘fear mode’ ahead of Friday’s $575M Bitcoin options expiry
Bear’s misplaced belief that Bitcoin price would drop to $32,000 allowed Friday’s BTC options expiry to become unexpectedly balanced. Go to Source Powered by WPeMatico
Altcoins and DeFi tokens breakout as Bitcoin price nears a key resistance
DOGE, KNC and KAVA are just a few of the altcoins that posted double-digit gains as Bitcoin and Ethereum price rallied to key overhead resistance levels. Go to Source Powered by WPeMatico
