3 Bitcoin trading behaviors hint that BTC’s rebound to $24K is a ‘fakeout’
BTC price surged above a key resistance cluster, but its market structure and technical analysis suggest the move is just another trap. Go to Source Powered by WPeMatico
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Coinbase Reportedly Facing SEC Probe for Listing Unregistered Securities
Coinbase, the U.S.-based cryptocurrency exchange, is reportedly facing a probe from the Securities and Exchange Commission (SEC) over the listing of several crypto assets on its platform. The investigation, according to three people with ostensible knowledge of the matter, is examining whether the exchange has been listing assets that can be classified as unregistered securities. … Read more
Bulls or bears? Both have a fair chance in Friday’s Bitcoin options expiry
BTC bulls aim to secure a $235 million profit from Friday’s BTC options expiry, but a downside move below $22,000 could nix this plan. Go to Source Powered by WPeMatico
Coinbase stock has potential to double in 2022 after plunging 90% from record high
COIN stock can rally to $160 by the end of the year, a mix of technical and fundamental indicators suggest. Go to Source Powered by WPeMatico
Bitcoin ETFs and Open Interest From BTC Futures, Options Follow Crypto Economy’s Spot Market Decline
Roughly 247 days ago, the total bitcoin futures open interest across 12 different cryptocurrency derivatives trading platforms was $26.73 billion and over the last eight months, bitcoin futures open interest has dropped 60% down to $10.69 billion. Further, the bitcoin exchange-traded funds BITO and BTF have followed bitcoin’s spot market losses, as the bitcoin ETFs … Read more
Two Bitcoin price prediction polls, same outcome: $10K BTC is coming
While a classic technical indicator could be hinting at BTC price falling below $13,000 as well. Go to Source Powered by WPeMatico
Bitcoin faces fresh pressure as US dollar crushes gold, risk assets
BTC/USD falls $1,000 while spot gold gives up 2% as USD strength intensifies, beating the year’s previous peaks. Go to Source Powered by WPeMatico
Bitcoin’s inverse correlation with US dollar hits 17-month highs — what’s next for BTC?
Market pundits anticipate the dollar rally to either stall or correct by the end of 2022, benefiting Bitcoin. Go to Source Powered by WPeMatico
Can Cardano’s July hard fork prevent ADA price from plunging 60%?
ADA’s price is above a key technical support level in the days leading up to the major Cardano upgrade. Go to Source Powered by WPeMatico
Goldman Sachs Downgrades Coinbase to Sell Rating — Analyst Says Firm Needs to Make Cost Base Reductions
Analysts from the multinational investment bank and financial services company Goldman Sachs Group Inc. have downgraded Coinbase Global Inc. in a note to investors on Monday. Today, Coinbase shares are down 83.68% from the stock’s all-time high (ATH) in November 2021. Goldman analyst William Nance explained that his group of market strategists believes “Coinbase will … Read more
