Bitcoin Retreats From $35K; Miner Selling Pressure May Cap Prices, Crypto Hedge Fund Says
BTC could run towards $40,000-$45,000 after consolidating around current prices, Capriole Investments said.
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BTC could run towards $40,000-$45,000 after consolidating around current prices, Capriole Investments said.
Cryptocurrency derivatives traders endured over $150 million liquidations over the past 24 hours Monday as rapidly surging digital asset prices caught many market participants off-guard.
Bitcoin (BTC)surged past $31,000 Monday for the first time since mid-July as cryptocurrency markets continued their October bull run.
The New York Attorney General filed early Thursday a lawsuit against Genesis, Gemini and DCG for allegedly defrauding investors of $1 billion.
A fake report about BlackRock’s spot BTC ETF approval Monday spurred a short-lived bitcoin rally to $30,000.
Bitcoin’s market share of all cryptocurrencies rises to highest since April 2021.
After failing again at $28,000 resistance over the weekend, bitcoin has retreated to its weakest level since late September.
Crypto traders suffered over $100 million of losses in liquidations on Monday, Coinglass data shows, as the digital asset market rout intensified.
Bitcoin is on track for gains on Friday despite bearish U.S. jobs numbers which initially sent the crypto down nearly 2%.
Investment research firm ByteTree upgraded bitcoin’s price outlook to “bull” from “neutral” as the crypto benefits as a “safe haven” amid an equity and bond sell-off.