Bitcoin trades near $23k as the crypto market rally extends into a third week Bitcoin BTC Bitcoinprice
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
The stock market, likewise, extended its gains from the week prior as investors prepared for a busy schedule of corporate earning announcements. At the close of markets in the U.S., the S&P, Dow and Nasdaq all finished higher, up 1.19%, 0.76%, and 2.01%, respectively. The area from $22,400 to $22,500 is the first level of support below the current price action, said Eight Global analysts. “If daily candles keep closing above this area while the price is consolidating for a while, we could see a quick liquidity grab to the upside before the potential correction, despite the developing negative divergence,” the analysts warned.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto SWOT: Last week, bitcoin traded above $21,000 againCommentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film
Read more »
Bitcoin holders are avoiding leverage in the latest rally, here’s whyLow demand for leverage gives insights into the current Bitcoin investor psychology. BTC enjoys demand in the derivatives market courtesy of a strong recovery in open interest. Glassnode alerts just revealed that the amount of HODLed or lost Bitcoin is now at a 5-year high. This reflects the positive price action that the cryptocurrency has […]
Read more »
Bitcoin’s RPV ratio reveals if BTC bull run is in jeopardy?RPV ratio suggests a decrease in enthusiasm for the Bitcoin bull run. Trader sentiment remains positive and volume, velocity, and exchange reserves all show market strength. According to data provided by glassnode, Bitcoin‘s RPV, or Profits-to-Value Ratio, declined significantly over the last few days. This ratio compares profit-taking in the market against the network valuation […]
Read more »
Monday we'll see some sun and a high of -3 CFog patches dissipating near noon
Read more »
EU banks will need to back crypto one-for-one with euros, will manage digital euro privacyBanks in the E.U. will be required to treat crypto as one of the riskiest asset classes, meaning they must issue one euro of capital for each euro of crypto they hold.
Read more »