(Edited by James Rubin)Good morning. Here’s what’s happening this morning:Market moves: Bitcoin rose above the $49,000 level, hours after a price pump during Asian hours. The U.S. market has been largely quiet during the holiday week.Technician’s take (Editor’s note): Technician’s Take is taking a holiday hiatus. In its place, First Mover Asia is publishing the first in a … [Read more...] about First Mover Asia: Asia Bump Sends Bitcoin Over $49K
49K
Bitcoin Holds Steady Above $49K as BOE Hikes Interest Rate; ECB Decision to Come
“Despite bitcoin’s recent 39% correction, the number of addresses with a non-zero balance continues to break all-time highs,” said Marcus Sotiriou, an analyst at the U.K. based digital asset broker GlobalBlock. “Also, since the $69,000 all-time-high, the Canadian Bitcoin Purpose ETF has added 6,341 BTC in assets under management, representing a 26.2% increase in coin … [Read more...] about Bitcoin Holds Steady Above $49K as BOE Hikes Interest Rate; ECB Decision to Come
Bitcoin Falls Below $49K as Trading Volume Weakens, Altcoins See Red
“The long-term bull case remains for bitcoin, but everything in the short-term seems bearish,” Edward Moya, senior market analyst at Oanda, said in an email. “Bitcoin will need to overcome growing expectations for a stronger dollar, an extended altcoin season and short-term bearishness for risk assets as Omicron derails reopening momentum.” Source link … [Read more...] about Bitcoin Falls Below $49K as Trading Volume Weakens, Altcoins See Red
Altcoins nurse double-digit losses as Bitcoin bulls fight to retake $49K
Another wave of selling pressure hit the cryptocurrency market on Feb. 23 as Bitcoin struggles to reclaim the $49,000 level.Data from Cointelegraph Markets and TradingView shows that Bitcoin fell under intense pressure in the early trading hours on Tuesday and this pushed the price of BTC as low as $44,927 before buyers arrived to stop the descent.The majority of altcoins and … [Read more...] about Altcoins nurse double-digit losses as Bitcoin bulls fight to retake $49K