Crypto markets soar after Fed commits to printing and Evergrande plans to pay its debt
The crypto market staged a roaring comeback after Evergrande makes a deal to pay its debts and the Fed signals a continuation of its current monetary policy.
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The crypto market staged a roaring comeback after Evergrande makes a deal to pay its debts and the Fed signals a continuation of its current monetary policy.
Analysts highlight the formation of a bull flag on the Bitcoin chart and suggest that the price could continue to consolidate until a major catalyst moves the market.
Bitcoin prices have been better after the second week of September, hovering around $46.5K to $48.5K per unit during the last two days. Meanwhile, bitcoin proponents still believe a significant…
Crypto asset investing has become more popular with Aussie boomers according to the country’s largest exchange.
Bitcoin’s spike to $50,000 renewed calls for a new all-time high, but analysts caution that a daily close above $51,000 is needed to solidify the current uptrend.
Bloomberg analysts expect a BTC ETF approval in the next few months, and clever options traders might use this strategy to profit from the possibility.
Traders say a correction to lower support levels and standard profit-taking was expected after Bitcoin’s swift ascension to $50,000.
Bitcoin is “back in bull market territory” but traders warn that a retest of underlying support levels is bound to occur soon.
The benchmark cryptocurrency retreated alongside risk-on markets as investors shifted their exposure to the U.S. dollar.