CME Bitcoin futures show investors betting on $40K BTC price
The Bitcoin futures annualized premium jumped to 34% on Nov. 28, leading analysts to speculate about an imminent spot BTC ETF approval.
Auto Added by WPeMatico
The Bitcoin futures annualized premium jumped to 34% on Nov. 28, leading analysts to speculate about an imminent spot BTC ETF approval.
Bitcoin is struggling to sustain above $38,000, but the bulls have not given up much ground, which some analysts say increases the chance of a rally to $40,000.
Increased activity in Solana’s NFT markets and decentralized applications are pushing SOL price back toward year-to-date highs.
Ether price struggles amid regulatory concerns and a drop in DApp usage.
BTC’s correction reveals a disconnect between pro traders’ confidence and retail investors’ skepticism amid regulatory shifts.
Bitcoin is witnessing profit-booking near $38,000, but the correction is likely to be shallow as lower levels are likely to attract buyers.
Bitcoin is facing resistance at $38,000, but UNI, IMX, VET and ALGO may extend their up-move in the short term.
Bitcoin has risen above $38,000, clearing the path for a rally higher. Will altcoins follow?
Despite regulatory action against Binance, a surge in Ethereum network activity and the expectation of a spot ETF approval fueled a price move above $2,000.
The sharp rebound in Bitcoin and select altcoins suggests that bulls remain in charge and continue to buy at lower levels.