Auto Added by WPeMatico

Bitcoin derivatives metrics reflect traders’ neutral sentiment, but anything can happen

BTC price is caught in the middle of a game of tug-o-war, as evidenced by the fact that pro traders are equally pricing upside and downside risk instruments.

Continue ReadingBitcoin derivatives metrics reflect traders’ neutral sentiment, but anything can happen

Poll Suggests ECB May Wait Until Q4 to Raise Rates, Several Banks Expect a Series of Fed Rate Hikes This Year

A recently published Reuters poll suggests the European Central Bank (ECB) may wait until the last quarter of the year (Q4) to raise its first interest rate in over ten…

Continue ReadingPoll Suggests ECB May Wait Until Q4 to Raise Rates, Several Banks Expect a Series of Fed Rate Hikes This Year

Can Ethereum price reach $4K after a triple-support bounce?

A combination of multiple support levels, including a 21-month EMA, helped ETH price to rebound by nearly 30% from its local bottom.

Continue ReadingCan Ethereum price reach $4K after a triple-support bounce?

JPMorgan Lowers Its Bitcoin Fair Price Estimate to $38K Amidst Volatility

Leading investment bank JPMorgan has changed its view on the estimate of bitcoin’s price on a long-term basis. The institution had estimated a long-term price of $146K back in November…

Continue ReadingJPMorgan Lowers Its Bitcoin Fair Price Estimate to $38K Amidst Volatility

Fish food? Data shows retail investors are buying Bitcoin, whales are selling

The number of Bitcoin addresses holding less than 1 BTC has been rising in the face of a 30% price correction from $69,000.

Continue ReadingFish food? Data shows retail investors are buying Bitcoin, whales are selling

Bitcoin price dips under $60K as Dollar Strength Index reaches 16-month highs

The greenback regained strength in hopes that stronger inflation data in the U.S. would revive a tighter monetary policy and after better-than-expected retail sales growth.

Continue ReadingBitcoin price dips under $60K as Dollar Strength Index reaches 16-month highs