Category: Cryptocurrency Market Analysis
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Fears of contagion – keeping the markets under pressure
Bitcoin and the broader cryptocurrency market continued their downtrend last week as traders expect the FTX contagion to spread and cause further damage in the crypto space. Although several firms have been affected by the collapse at FTX, two entities are speculated to be struggling for survival. A report by The Wall Street Journal on […]
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The FTX Collapse – Is the FTX-led decline over?
The ongoing cryptocurrency bear market deepened further with the collapse of the crypto exchange FTX and its affiliated companies. After failing to reach a deal to be acquired by Binance, FTX filed for Chapter 11 bankruptcy protection in the United States on November 11. Just after filing for Chapter 11 bankruptcy in the US, an […]
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Bitcoin Price – Will Bitcoin rally after the Fed rate hike?
BTC futures and stablecoin margin data shows a lack of appetite from buyers even as Bitcoin gained 7.5% in a week. Bitcoin rallied on the back of the United States stock market’s 3.4% gains on Oct. 28, with the S&P 500 index rising to its highest level in 44 days. In addition, recently released data […]
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Could Bitcoin shake out of its range?
Bitcoin waited for cues at the Oct. 24 Wall Street open as expectations of a breakout ran high after the pair BTC/USD hit weekly highs of $19,700 overnight. Despite what Michaël van de Poppe, CEO and founder of trading firm Eight, called “way worse than expected” manufacturing data from the United States, Bitcoin suffered from […]
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Bitcoin Shakeout – Could Bitcoin shake out of its range?
Bitcoin and several major cryptocurrencies have been stuck in listless sideways price action for the past several weeks. There is a silver lining in this range-bound action because Bitcoin has not broken below its June low even though the S&P 500 and the Nasdaq hit new year-to-date lows last week. This is a sign that […]
