BTC futures and options held firm despite a wave of negative news, and data shows traders targeting $40,000. The cryptocurrency market recently experienced events that were previously expected to present a severe negative price impact, and yet, Bitcoin (BTC) traded near $37,000 on Nov. 22 — essentially flat from three days prior. Such performance was…
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ETH price finally polevaulted the $2,000 resistance, but will retail demand and network use support the current bullish momentum? Ether (ETH) experienced a surprising 8% rally on Nov. 9, breaking the $2,000 barrier and achieving its highest price level in six months. This surge, triggered by news of BlackRock registering the iShares Ethereum Trust in…
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ETH rallied alongside Bitcoin as new spot ETF news emerged, and the altcoin could benefit from the failure of its layer-1 competitors. Ether (ETH) price has declined by 14.7% since its peak at $2,120 on April 16, 2023. However, two derivatives metrics indicate that investors have not felt this bullish in over a year. This…
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Open interest on Bitcoin options recently hit a year-to-date high, but what is fueling this newfound bullish sentiment? The recent gains are a rare sight in 2023, even considering Bitcoin’s impressive 108% year-to-date performance. Notably, the last instance of such price action occurred on March 14 when Bitcoin surged from $20,750 to $26,000 in just…
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Bitcoin price has corrected at each attempt to rally above $28,000. Cointelegraph explains why. Bitcoin (BTC) faced a 4.9% correction in the four days following the failure to break the $28,000 resistance on Oct. 8, and derivatives metrics show fear is dominating sentiment in the market, but will it be enough to shake Bitcoin price…
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Network, futures and user data all point toward Ether potentially charting a new course. Ether’s price has been dealing with some strong headwinds, and on Sept. 11, the price of the altcoin endured a critical test when it plunged to the $1,530 support level. In the days that followed, Ether (ETH) managed to stage an impressive recovery…
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BTC derivatives have flipped bearish after Bitcoin failed to establish bullish momentum despite heightened spot ETF prospects. A Bitcoin (BTC) price correction down to $22,000 is becoming increasingly likely, as BTC derivatives have begun to exhibit bearish tendencies. The price chart of Bitcoin leaves little doubt that investor sentiment has worsened since Grayscale’s much-hyped legal victory against…
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Three key Bitcoin price indicators explain why BTC price continues to fall toward new lows. Bitcoin (BTC) surpassed the $30,000 resistance on June 21, or 40 days ago, after a notable 19.5% gain in a week. Since then, it has been moving within a range filled with occasional moderate corrections and BTC price trades near…
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The Ethereum network has faced withdrawals from its smart contract applications, putting the recent ETH price rally in check. Ether (ETH) price faced resistance after hitting the $1,970 level on July 3. A number of factors capped the rally, including higher odds of more interest rate hikes in the coming months and a tighter regulatory…
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The Bitcoin futures premium surge is having traders ask whether this is excitement or a return to the average after a multimonth bear market. The Bitcoin futures premium reached its highest level in 18 months on July 4. But traders are now questioning whether the derivatives metrics indicate “excessive excitement” or a “return to the mean”…
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