Bitcoin traders say $34K was the bottom, but data says it’s too early to tell
Bitcoin traders say the bottom is in, but it’s important to also consider BTC’s correlation to equities markets.
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Bitcoin traders say the bottom is in, but it’s important to also consider BTC’s correlation to equities markets.
BTC is etching daily higher lows and altcoins are holding on to their recent gains, suggesting that a market bottom could be in place.
LUNA has outperformed almost every top-ranking cryptocurrency this week including Bitcoin despite the market turmoil.
The largest crypto trading platform in the U.S. has beaten analysts’ expectations by 27% in its Q4 earnings despite a broader slump in the crypto market.
Voxies, Smooth Love Potion and MyNeighborAlice overcome the noise to post double-digit gains thanks to protocol updates and a new exchange listing.
BTC and stock markets recovered some of their recent losses, leading traders to suggest that the panic selling could be “over for a few days.”
Monthly volumes on OpenSea have declined in comparison with January’s record-breaking start, but select NFT collections are still seeing their floor prices soar.
One analyst braces for a potential dive below $30,000 as historical support levels remain far from the current Bitcoin spot price.
Bitcoin’s correlation with the U.S. equity market could be one reason for its current decline, but Eastern European money destabilization could push BTC as “crisis” hedge.