Why 2023 Is Like 2020 and Bitcoin Is Set to Head Towards $50k
Crypto derivatives show bullish positioning but are not over-extended by historical norms. That’s good news for the whole crypto market.
Binary trading platforms with better performance and payouts
Bitcoin Price
Crypto derivatives show bullish positioning but are not over-extended by historical norms. That’s good news for the whole crypto market.
Bitcoin remained steady around $41,000 after Monday’s dramatic flush.
Bitcoin endured its worst daily drawdowns in 4 months, dipping over 7% to nearly $40,000. $XRP, $LINK, $ADA declined 8%-10%.
A “flash crash” in thin trading Sunday evening, saw bitcoin’s price plunge nearly 10% from the $44,000 level in the space of a few minutes.
BitMex founder Arthur Hayes speculated about SOL hitting near $100 in a bullish weekend for altcoins.
The move prompted $73 million in liquidations, during the day predominantly leveraged short positions betting on lower prices.
Bitcoin hit a fresh yearly high of $42,000, pushing the market capitalization of all cryptocurrencies over $1.5 trillion for the first since May 2022.
November brought explosive gains for altcoins as a wide range of smaller cryptocurrencies outperformed bitcoin, prompting call for an altcoin season.
The SEC delaying decision about spot BTC ETFs could leave the market without a catalyst until early January, halting the crypto rally’s momentum, K33 analysts said this week.
Cryptocurrencies Wednesday roared back from yesterday’s drubbing, with bitcoin [BTC] nearing a new 18-month high just shy of $38,000 after tumbling below $35,000 at one point on Tuesday.