Good morning. Here’s what’s happening:Market moves: Bitcoin slipped to below $44,000 after Fed minutes release, altcoins followed.Technician’s take: BTC broke below $45K support intraday; short-term oversold indicators intact.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC) $43,423 -5.87%Ether (ETH) … [Read more...] about First Mover Asia: Bitcoin Falls Below $44K After Fed Minutes Release.
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Bitcoin cools from 1-week highs with key long-term metric echoing $44K
Bitcoin (BTC) returned to cement higher support on Nov. 30 after the latest BTC price comeback halted near $59,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewRSI sees "bullish engulfing"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing to local lows of $55,920 on Bitstamp overnight.The pair then recovered to circle $56,500 at the time … [Read more...] about Bitcoin cools from 1-week highs with key long-term metric echoing $44K
CME introduces micro Ether futures as ETH nears ATH above $4.4K
The Chicago Mercantile Exchange (CME), one of the world’s biggest derivatives marketplaces, continues expanding its cryptocurrency derivatives offerings by adding a new Ether (ETH)-based product.CME announced Tuesday that it is planning to launch a micro Ether futures contract, sized at 0.1 ETH, enabling a new type of Ether exposure to institutional and individual traders.The … [Read more...] about CME introduces micro Ether futures as ETH nears ATH above $4.4K
Ether Reaches Record High of Over $4.4K as Shiba Inu Becomes a Leading ETH Burner
At the going price of $4,370, the cryptocurrency is up 45% on a month-to-date basis versus bitcoin’s 40% gain. The ether-bitcoin implied volatility spread is rising in a sign that the market expects ether to continue leading the price action in the coming weeks, as Thursday’s First Mover newsletter mentioned. Source link … [Read more...] about Ether Reaches Record High of Over $4.4K as Shiba Inu Becomes a Leading ETH Burner
Bitcoin needs to hold $50K to avoid a $44K bearish BTC price target
Bitcoin (BTC) could jump to $58,000 or dive to $44,000 from its current levels, an analyst warns as $50,000 sees a “very healthy retest.”BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewHedging bets against a “swift downwards move”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD fluctuating around the $51,000 mark on Tuesday after losing $2,000 in … [Read more...] about Bitcoin needs to hold $50K to avoid a $44K bearish BTC price target