Bitcoin Pumps, Then Dumps Below $54K as Jobs Report Spurs Crypto Volatility
Bitcoin price (CoinDesk)
Binary trading platforms with better performance and payouts
Bitcoin Price
Bitcoin price (CoinDesk)
Cryptocurrencies continued their weak trading as recession fears weighed on risk assets ahead of Friday’s key jobs data report.
Bitcoin (BTC) has a volatile week ahead, with notable short-term technical indicators in its price chart. A prominent Bitcoin trading … Continue reading
The post Bitcoin analyst reveals his BTC trading plan for this week appeared first on Finbold.
Bitcoin price on Aug. 29 (CoinDesk)
Bitcoin price on Aug. 27 (CoinDesk)
During times of uncertainty, the increased availability and accessibility of an investor’s portfolio can lead to reduced volatility and panic across all asset classes, including crypto-native tokens.
GSR’s Brian Rudick discusses the recent market meltdown, how towering bull tenets and fading risks could propel Bitcoin to $1m, and why the recent dip is a gift, all combining to make cryptocurrency’s risk-reward its most compelling in years.
The previous two occasions when exchanges saw similar USDT outflows earlier this year occurred near local tops in bitcoin’s price, IntoTheBlock analysts noted.
While the crypto rally was broad-based with ETH, SOL, NEAR gaining 8%-10%, prices rarely go up in a straight line following major capitulation events such as Monday’s crash, one observer noted.
Bitcoin’s 30% decline in a week was for some observers reminiscent of the March 2020 crash, but there’s been multiple occasions of similar drawdowns during previous bull markets.