Tag: continues

Bitcoin gets within touching distance of $100K as rally continues

Bitcoin’s new price follows after it hit $98,000 yesterday Analyst Skew said there is “positive market signal” and that there is “a lot of aggregate spot supply around $100k” Bitcoin came within touching distance of $100,000 on November 22 as the asset continues its bull run since the beginning of November. Bitcoin nears $100,000. Source: […]

Crypto resiliency continues as BTC holds above $30k, AltSignals raises $1M

AltSignals token has raised over $1 million as it nears its target. Bitcoin has held quite steady above $30,000 even as risks in the industry rise. Bitcoin price has held steady above the $30k level as the recent momentum wanes. It was trading at the important level of $30,230 on Tuesday, a few points below […]

Bitcoin continues “boring action” as BTC hovers above $22k

Bitcoin on-chain exchange flows were $4 billion in and $4 billion out last week, Glassnode data shows. Crypto analyst Michael van de Poppe highlights BTC’s “boring price action” as bulls struggle above $22,000. BTC price saw downward action last week following a series of negative market related news. The global cryptocurrency market cap remains above […]

Bitcoin’s “hedge” narrative is dead, as speculative price action continues

Key Takeaways Crypto has risen to start the year off the back of expectations that interest rates may be cut sooner than anticipated This contrasts with the view that crypto is uncorrelated, proving it false Assessing the price action of crypto through the pandemic and subsequent rate-raising cycle shows an extremely risky asset class that […]