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The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Investors are likely indifferent to which stablecoins they hold as long as they are perceived as safe and accessible on the largest trading platforms, the report said.
An inverse head-and-shoulders pattern, one of the most trusted indicators known to presage major price rallies, is building in the altcoin market.
The tokens were up as much as 5% in the past 24 hours, bucking a market-wide trend.
Low liquidity after the token’s relisting likely caused a temporary pricing glitch on the exchange.
The index has a solid track record of shifts in the bitcoin market trend.
Modest Consumer Price Index (CPI) numbers mean that the chance of another rate hike is dwindling.