Good morning. Here’s what’s happening this morning:Market moves: Bitcoin edged toward $58,000 as altcoins and other layer 1 tokens recovered from seven-day lows.Technician’s take: Momentum is improving as oversold readings appear on the chart.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $57,550 … [Read more...] about First Mover Asia: Bitcoin Edges Toward $58K; Altcoins Recover From 7-Day Lows
Lows
Bitcoin avoids recent lows as BTC price eyes $60K into the weekly close
Bitcoin (BTC) hovered near $59,000 as Nov. 21 came to a close after avoiding a retest of its recent lows.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC challenges $60,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD almost hitting $60,000 before consolidating in a new higher range after sudden gains Saturday evening.The pair had hit lows of … [Read more...] about Bitcoin avoids recent lows as BTC price eyes $60K into the weekly close
Bitcoin (BTC) Sentiment Remains Negative, Nears 3-year Lows
Crowd sentiment towards Bitcoin continues to dip to negative territory Bitcoin sentiment is at negative levels last witnessed in October 2020 At current rates, it could keep falling to negative levels last seen in June 2018 The Crypto fear and greed index is at 20, its lowest since April 2020 Bitcoin’s price action remains uneventful with $33k being the level to watch during … [Read more...] about Bitcoin (BTC) Sentiment Remains Negative, Nears 3-year Lows
3 reasons why Ethereum exchange reserves are falling to new lows
Over the past week, astute crypto market analysts noticed some interesting developments related to the supply of Ether (ETH) as the network's August 4 London hard fork approaches.Recent data from CryptoQuant, an on-chain analytics firm, indicates that the amount of Ether held in cryptocurrency exchanges' reserves has hit new daily lows since the start of July.Ethereum all … [Read more...] about 3 reasons why Ethereum exchange reserves are falling to new lows
Coincidence? Bitcoin saw its highs and lows on ‘Turnaround Tuesdays’ in June
Bitcoin (BTC) is printing a new price indicator this month — and it may not involve anything more than the day of the week.In its latest Telegram market update on June 30, crypto trading firm QCP Capital revealed that its "Turnaround Tuesdays" indicator had caught all of the past month's BTC price extremes.Bitcoin seals a month of "Turnaround Tuesdays"According to the analysts, … [Read more...] about Coincidence? Bitcoin saw its highs and lows on ‘Turnaround Tuesdays’ in June