Auto Added by WPeMatico

Correction Deepens as Bitcoin Trades Below $60K: Market Watch

The situation in the crypto market worsened in the past 24 hours as bitcoin dropped below $60,000 for the first time since late October. Aside from a few exceptions, most…

Continue ReadingCorrection Deepens as Bitcoin Trades Below $60K: Market Watch

Is the Dip Below $60K Following Highest Weekly Close a Worrying Sign for BTC? (Bitcoin Price Analysis)

It’s been a challenging day for crypto bulls as the price of almost every single cryptocurrency from the top 50 is in the red on a 24-hour scale. The same…

Continue ReadingIs the Dip Below $60K Following Highest Weekly Close a Worrying Sign for BTC? (Bitcoin Price Analysis)

Bitcoin Plunges to 10-Day Low at $60K: All Top 50 Coins In Red (Market Watch)

The bears returned in the cryptocurrency space as bitcoin dumped by more than $6,000 in hours. The altcoins are also deep in red, with ETH, DOT, LUNA, and LTC dropping…

Continue ReadingBitcoin Plunges to 10-Day Low at $60K: All Top 50 Coins In Red (Market Watch)

Bitcoin’s Strong Spot and Neutral Futures Market: Short-Term Volatility Incoming? (Onchain Analysis)

The futures market experienced a moderate reset in the funding rate. The recent price volatility in the range between $58 and $69K has caused it to decline. However, similar to…

Continue ReadingBitcoin’s Strong Spot and Neutral Futures Market: Short-Term Volatility Incoming? (Onchain Analysis)

Bitcoin Bulls Challenge $66K as Crypto Market Recovers $100B in a Day (Market Watch)

Following a few days of adverse price developments, bitcoin has finally gone on the offensive and challenged $66,000. Most altcoins are slightly in the green as well, with Ethereum reclaiming…

Continue ReadingBitcoin Bulls Challenge $66K as Crypto Market Recovers $100B in a Day (Market Watch)

Bitcoin May Be The Best Inflation Hedge Around, Cites 99.99% Deflation: Bloomberg

Bloomberg recently found that investors are protecting themselves from fears of rising inflation by using Bitcoin. In a tweet, the company even called it “the best inflation hedge around” depending…

Continue ReadingBitcoin May Be The Best Inflation Hedge Around, Cites 99.99% Deflation: Bloomberg