"Talk of the town this week is the latest jump in bond yields, most notably U.S. Treasurys, as investors continue to position for an accelerated tightening timeline. The market is now pricing in at least [four] rate hikes this year, with the probability of a [fifth] ticking up this week. While a lot of headlines have focused on nominal yields, it’s the recent spike in real … [Read more...] about Bitcoin Dips Below $40K During Broader Asia Market Sell-Off
SellOff
Bitcoin Sell-Off Deepens Below $40K; Minor Support Nearby
Bitcoin (BTC) failed to hold short-term support at $40,000 as sellers maintained the two-month long downtrend.Intraday oversold signals were not enough to sustain bids, which means longer-term indicators are more reliable to determine bitcoin’s price direction.BTC was trading around $38,000 at press time and is down about 10% over the past 24 hours.The slowdown in upside … [Read more...] about Bitcoin Sell-Off Deepens Below $40K; Minor Support Nearby
Crypto Market Cap Falls Below $2T Amid Sell-Off
Cryptocurrencies are getting rekt.Crypto blue-chips bitcoin (BTC) and ether (ETH) breached key $40,000 and $3,000 support levels late Thursday evening, sending the broader alternative coin (altcoin) market into free fall.According to data from CoinGecko, the total market cap of the cryptocurrency industry fell 11% to $1.9 trillion as of Friday afternoon during U.S. trading … [Read more...] about Crypto Market Cap Falls Below $2T Amid Sell-Off
Bitcoin Miners’ Margins Are Still ‘Quite Healthy’ Even After Recent Selloff: D.A. Davidson
Bitcoin miners are still generating healthy profits, despite the sharp selloff in crypto prices and an increase in the network hashrate, Wall Street investment firm D.A. Davidson’s analyst wrote on Tuesday.“Since the late-October peak, hash price ($/TH/day) has fallen from over $0.40 to just $0.22 today yet gross margins remain quite healthy, around 85% down from 91% at peak,” … [Read more...] about Bitcoin Miners’ Margins Are Still ‘Quite Healthy’ Even After Recent Selloff: D.A. Davidson
Bitcoin Stabilizes After Sell-Off, Resistance Near $45K-$50K
Bitcoin (BTC) dipped below initial support at $45,000 on Wednesday, but later stabilized around $42,000, which is near the Dec. 5 crash low. Oversold signals remain intact, which suggest selling pressure could subside.Given the series of lower price highs since November, support ranges and oversold readings are viewed as countertrend. This lowers the probability of significant … [Read more...] about Bitcoin Stabilizes After Sell-Off, Resistance Near $45K-$50K