The Bitcoin AUM market fell 9.5% to $48.7 billion in November, marking the year’s largest month-on-month pullback since July, according to a CryptoCompare report. On the other hand, altcoin-based crypto funds such as ETH saw their AUM rise 5.4% to $16.6 billion.While Bitcoin’s (BTC) position as a viable hedge against fiat inflation continues to attract investors, new data … [Read more...] about Bitcoin AUM falls 9.5% to record largest monthly pullback since July
Pullback
Bitcoin Pullback Pauses as Traders Reduce Leverage
Separately, in the bitcoin options market, open interest (contracts that have been traded but not yet liquidated by an offsetting trade) is near all-time highs last seen during March and April, which preceded a significant price drop. It is possible that open interest can remain around current levels for another month before a sustained downturn in BTC’s price. Source link … [Read more...] about Bitcoin Pullback Pauses as Traders Reduce Leverage
Bitcoin Pullback Could Stabilize Around $60K Support
The relative strength index (RSI) on the four-hour chart (see above, featured image) registered an oversold signal on Nov. 12, although buyers quickly took profits around the $66,000 resistance level. The RSI is currently neutral, which means a period of consolidation could persist this week. Source link … [Read more...] about Bitcoin Pullback Could Stabilize Around $60K Support
Bitcoin Range-Bound, Support Between $58K-$60K Could Stabilize Pullback
Bitcoin has traded in a tight range between $60,000 support and $64,000 resistance over the past week. Short-term buyers have been active on pullbacks, which suggests downside could be limited into Asian trading hours.Upside momentum is slowing after BTC made an all-time high around $66,900 last month. It appears that buyers were quick to take profits around the price high, … [Read more...] about Bitcoin Range-Bound, Support Between $58K-$60K Could Stabilize Pullback
Why this fund manager expects a major pullback in stocks and Bitcoin soon
Why this fund manager expects a major pullback in stocks and Bitcoin soon Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Bitcoin › AnalysisEconomic uncertainty is high as David Tice reminds us that money printing has consequences. Samuel Wan · July 19, 2021 at 11:00 pm UTC · 2 min read … [Read more...] about Why this fund manager expects a major pullback in stocks and Bitcoin soon