"Talk of the town this week is the latest jump in bond yields, most notably U.S. Treasurys, as investors continue to position for an accelerated tightening timeline. The market is now pricing in at least [four] rate hikes this year, with the probability of a [fifth] ticking up this week. While a lot of headlines have focused on nominal yields, it’s the recent spike in real … [Read more...] about Bitcoin Dips Below $40K During Broader Asia Market Sell-Off
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Bitcoin Sell-Off Deepens Below $40K; Minor Support Nearby
Bitcoin (BTC) failed to hold short-term support at $40,000 as sellers maintained the two-month long downtrend.Intraday oversold signals were not enough to sustain bids, which means longer-term indicators are more reliable to determine bitcoin’s price direction.BTC was trading around $38,000 at press time and is down about 10% over the past 24 hours.The slowdown in upside … [Read more...] about Bitcoin Sell-Off Deepens Below $40K; Minor Support Nearby
Bitcoin Holding Support Above $40K; Faces Resistance at $43K-$45K
Bitcoin (BTC) continues to hold support above $40,000 as momentum improves on intraday charts.The cryptocurrency is down about 4% over the past week, although multiple oversold readings suggest buyers could remain active into the Asia trading day. As of press time Wednesday, bitcoin was changing hands at $41,822.Still, upside appears to be limited toward the $43,000-$45,000 … [Read more...] about Bitcoin Holding Support Above $40K; Faces Resistance at $43K-$45K
Case for Bitcoin Bottom Near $40K Is Weak as Institutions Stay Away
While the bitcoin options market has recently shed its bearish bias, some analysts remain unconvinced about the strength of the move owing to weak institutional demand and the cryptocurrency's sensitivity to macro factors."There is no sign of an institutional pullback, which is the key for a rally," said Laurent Kssis, a crypto exchange-traded fund (ETF) expert and director of … [Read more...] about Case for Bitcoin Bottom Near $40K Is Weak as Institutions Stay Away
Bitcoin Below $40K Before Regaining Ground; Altcoins Fall
“And if you do it right and for long enough, like Ethereum or Binance, you might become too deep-rooted to dispose of. In the current regulatory environment, it is the best chance for blockchain companies to succeed. We did it differently. We tried to do it “right.” And therefore, now, we have to close.” (Entrepreneur Zoe Adamovicz writing for CoinDesk on closing her most … [Read more...] about Bitcoin Below $40K Before Regaining Ground; Altcoins Fall