Avalanche, polygon limited price bounce: Avalanche (AVAX) and polygon (MATIC) initially rose about 4% during the Asia trading session, but ended up lower over the past 24 hours. Generally, most altcoins underperformed bitcoin on Monday, indicating a lower appetite for risk among crypto traders. Source link … [Read more...] about Traders Brace for Higher Volatility, Altcoins Underperform
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Ether Sees Higher Liquidations Than Bitcoin After Falling Under $3.2K
Ether lost the $3,300 support level in early Asian hours on Friday, plunging to as low as $3,113 before briefly gaining over $90 at the time of writing. Friday’s drop was a continuation of a market-wide decline that started on Wednesday. The U.S. Federal Reserve released the minutes of its December meeting that signaled tightening of financial policies and caused a sell-off in … [Read more...] about Ether Sees Higher Liquidations Than Bitcoin After Falling Under $3.2K
Bitcoin May Squeeze Higher as Retail Interest Subsides: Analysts
Since early December, the number of open positions on Binance, the world’s largest cryptocurrency exchange by volumes and open interest, has increased from 190,000 BTC to 258,000 BTC. Meanwhile, funding rates have been consistently neutral to negative, meaning investors have been predominantly holding shorts despite bitcoin’s downside momentum running out of steam and the … [Read more...] about Bitcoin May Squeeze Higher as Retail Interest Subsides: Analysts
First Mover Asia: Bitcoin Bounces Above $50K Amid Light Weekend Trading, Altcoins Kick Higher
(Edited by James Rubin)Good morning. Here’s what’s happening this morning:Market moves: Bitcoin returned above $50,000 after the S&P 500 rose to a near record high.Technician’s take (Editor’s Note): First Mover Asia replaces the usual Technician’s Take today with CoinDesk’s annual list of the most influential people in cryptocurrency. This year’s group of 50 influencers … [Read more...] about First Mover Asia: Bitcoin Bounces Above $50K Amid Light Weekend Trading, Altcoins Kick Higher
Higher Volatility Expected in Bitcoin and Ether
As shown in the chart above, “when implied volatility (options market expectations of future volatility) is substantially higher than realized volatility (the actual price fluctuation during past trading ranges), an increase in the latter is usually around the corner and long volatility options positions pay exponential returns,” Two Prime wrote. Source link … [Read more...] about Higher Volatility Expected in Bitcoin and Ether