Bitcoin slides under $39K, leading some traders to forecast a weekend ‘oversold bounce’
Traders look for a weekend oversold bounce after BTC price sold-off and hit an intraday low at $38,750.
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Traders look for a weekend oversold bounce after BTC price sold-off and hit an intraday low at $38,750.
REN stands out among a sea of red altcoins after the launch of Catalog and a pivot toward Polygon blockchain result in a 65% rally.
DeFi is undergoing a revival and this time, it’s happening on Ethereum network competitors.
Traders continue to sell the top of each rally, resulting in a sharp pullback in Bitcoin price and several major altcoins.
ETH traders were excited by the recent break above $3,000, but a handful of data points suggest that Ethereum price will stay in a downtrend.
ETH bulls are struggling to hold $2,800, but analysts hint that multiple timeframes point to an eventual breakout to the $3,000 range.
BTC price is retesting underlying support on March 3, but derivatives data hints that bulls may launch an assault on $45,000 as March 4’s options expiry approaches.
BTC’s market cap is much smaller than gold, but Bitcoin’s daily volume and the amount held under management by funds suggests that the cryptocurrency is trading at a heavy discount.