A strong correlation with stock market movements still leaves room for Bitcoin to test five figures, says trader Michaël van de Poppe. Bitcoin (BTC) was testing $9,500 on June 16 after a recovery from near three-week lows stalled at classic resistance levels. Cryptocurrency market daily overview. Source: Coin360 BTC price focuses on $9,500 Data from […]
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Selling by Bitcoin whales dropped BTC reserves at major exchanges and triggered today’s sell-off to $8,900. As the weekly open commenced Bitcoin price dropped below $9,000 in a rapid pullback, liquidating $30 million in longs on BitMEX alone. According to market data, part of the sell off was the movement of crypto whales closing positions […]
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Recent surges in open interest on Bitcoin and Ethereum options contracts suggests institutional players are continuing to build positions in the top two cryptocurrencies. Bitcoin (BTC) futures daily trading volume plunged sharply from about $20 billion on June 11 to about $5 billion on June 13. This is a negative sign because the volume increased […]
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Market orders, limit orders, time-in-force instructions and more — all explained in detail for beginning traders. What are post-only orders? One last type of instruction that can be embedded into the logic of an order is the “post-only” option, which makes sure that an order is placed if and only if it cannot be immediately […]
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Bitcoin is likely to make a decisive move in the next few days and start a trending move that could remain in force for a few weeks. Takeshi Fujimaki, a former adviser to George Soros, has said that Paul Tudor Jones is attempting to capture the big trend. According to Fujimaki, Jones’ recent investment into […]
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One month after the Bitcoin halving, several key factors seem to point to a pivotal change in the BTC market and investor behavior. One month has passed since the 2020 Bitcoin (BTC) miner reward halving, and a lot has happened for the predominant cryptocurrency since then. From changes in investor and trader behavior to an […]
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The popular DeFi app Celsius Network has publicly launched a $15 million equity offering, selling out over two-thirds of its target in less than six hours. Pioneering decentralized finance (DeFi) application Celsius Network has launched an equity offering through Bnktothefuture. As of this writing, the campaign has raised over $10.7 million of the $15 million […]
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Strengthening network fundamentals support the bullish case for Bitcoin price one month after the halving. Cointelegraph Markets’ post-halving Bitcoin (BTC) analysis report takes a deep look at the 2020 halving, its effect on the crypto market and miners, and how it compared to the previous halving events. The three main sections of this report are: […]
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Zilliqa may be due for a correction after monstrous gains as (ZIL) price is running into some considerable resistance levels on the charts. While the price of Bitcoin (BTC) has been consolidating under $10,000, several altcoins have shown tremendous rallies such as Theta Token (THETA) and Zilliqa (ZIL). Zilliqa, in particular, the 40th-ranked cryptocurrency by […]
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Bitcoin price remains range-bound, but as miners sell fewer coins and the BTC reserves on the exchanges drops, a possible up move could occur in the next few days. The total crypto market capitalization was close to $270 billion on May 8 and currently, the metric stands at $275 billion. This suggests that the crypto […]
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