(Edited by James Rubin and Greg Ahlstrand)Good morning. Here’s what’s happening:Market moves: Bitcoin slumps below $48,000, as December’s options expiration nearsTechnician’s take (Editor’s note): Technician’s Take is taking a hiatus for the holidays. In its place, First Mover Asia is publishing CoinDesk reporter Sanadali Handagama’s interview with European Parliament member … [Read more...] about First Mover Asia: Bitcoin Slumps to Below $48K Ahead of $6B Options Expiry
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Altcoins Underperform as Bitcoin Dips Below $48K
Funds focused on bitcoin, the largest cryptocurrency, accounted for the bulk of the week’s inflows at $52 million, CoinDesk’s Lyllah Ledesma reported. The prior week, bitcoin-focused funds saw $145 million of inflows. Meanwhile, SOL, the token of the blockchain-based smart contracts platform, saw inflows of $17 million. SOL is down 35% on the month after reaching an all-time … [Read more...] about Altcoins Underperform as Bitcoin Dips Below $48K
Bitcoin is Trying to Move Higher, $48k to $50k its First Real Target
Bitcoin could retest the $48k to $50k range if it keeps moving higherThis is according to an analysis by the inventor of Bollinger Bands, John BollingerMr. Bollinger however cautions that the market ‘will let us know’Bitcoin has been consolidation between $39k and $41k for two daysBitcoin recapturing $42k and the 200-day moving average will restore confidence that $50k is … [Read more...] about Bitcoin is Trying to Move Higher, $48k to $50k its First Real Target
Bitcoin whales are accumulating BTC around $48K, on-chain data suggests
Whales are continuing to accumulate Bitcoin (BTC) despite the price more than doubling so far in 2021, according to the latest data from CryptoQuant.This trend indicates that the confidence in Bitcoin is strengthening as the price is now attempting to stabilize above the $50,000 level.Why whale confidence is importantDuring bull cycles, whales can take profit on their … [Read more...] about Bitcoin whales are accumulating BTC around $48K, on-chain data suggests