Bitcoin's Unreliable Death Cross Is Looming Again
Submitted by Anonymous (not verified) on Tue, 08/06/2024 - 12:40The death cross is known to cause catastrophizing among inexperienced investors. But it's an unreliable indicator.
The death cross is known to cause catastrophizing among inexperienced investors. But it's an unreliable indicator.
ETH bounced over 18% in the past 24 hours to reverse losses from a steep fall on Monday, with some drawing eyes to the blockchain’s fundamentals.
ARK Invest often loads up on shares when their prices slide, usually with a view to offloading them one their prices tick up again.
BTC has dropped over 13% this month, but all is not lost, according to key indicators.
Asian stocks and futures jumped higher Tuesday, recovering from one of the worst slides in recent years in Monday’s trading session.
The shift in ETF investments highlights changing investor sentiment and potential long-term impacts on the cryptocurrency market landscape.
Bitcoin's 30% decline in a week was for some observers reminiscent of the March 2020 crash, but there's been multiple occasions of similar drawdown
It depends on what you're trying to protect that value from. Day-to-day market volatility, no. Confiscation or monetary inflation, maybe.
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