These Two Bitcoin Indicators Offer Light in a Gloomy Marke
Submitted by Anonymous (not verified) on Tue, 08/06/2024 - 10:00BTC has dropped over 13% this month, but all is not lost, according to key indicators.
BTC has dropped over 13% this month, but all is not lost, according to key indicators.
Carry trading, a popular strategy from the first quarter, involves profiting from pricing discrepancies between two markets.
A wallet supposedly associated with Jump Trading moved 17,576 ETH to centralized exchanges, according to Spot On Chain.
A weak report will likely bolster Fed rate-cut expectations and potentially support risk assets, including bitcoin.
Long-term holders are motivated to hold at bitcoin's going market rate, implying an attractive risk-reward for existing or potential investors, acc
Bitcoin's Bollinger bandwidth has narrowed to levels that have historically preceded volatility explosions.
Large holders resorted to bargain hunting in July as the cryptocurrency experienced two-way price volatility.
The yen’s popularity as a funding currency can cause knock-on effects in other markets, helping tighten global financial conditions, BlackRock said
Bitcoin has exhibited a strong positive correlation with NVDA since late 2022.
July 29 marks the 100th day since the Bitcoin blockchain cut per block mining rewards to 3.125 BTC from 6.25 BTC.
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