The funding rate spread has collapsed, indicating increased appetite by traders to speculate further out on the risk curve, one analyst said. Original
Falling Bitcoin-Ether Spread is Music to Altcoin Traders' Ears
Tag: Falling
LUNC Price Rally Is Far From Over Following Falling Wedge Breakout, Analyst Says
Over the weekend, the LUNC price saw some of the most bullish price action that sent its price soaring over 20%. This rally eventually brought the price above $0.0001 after struggling around $0.00009 for the last two weeks. However, the tides seem to be completely changing for the altcoin, as one analyst expects the rally to continue. Prepare For The LUNC Price To Double The LUNC price, despite having risen so much, is still showing signs of a continuation. This is evident in the Falling Wedge Breakout that was confirmed…
Selling Pressure Subsides As Grayscale Sends 8.6K Bitcoin To Coinbase, Falling Below Average
In the third week of January, Bitcoin (BTC) demonstrated a modest 3% price recovery, following increased selling pressure exerted by asset manager Grayscale since January 12. Interestingly, there are indications that this selling pressure is now diminishing, pointing towards a potential restart of the bullish trend that Bitcoin has been experiencing since October 2023. Grayscale’s Resumed Selling Spree As previously reported, since the approval of the Bitcoin spot exchange-traded fund (ETF), Grayscale has deposited a significant sum of 103,134 BTC ($4.23 billion) into Coinbase Prime as of January 25. However,…
Ethereum Bearish Falling Wedge Pattern Appears, How Low Can Price Go?
Ethereum has followed the general trend of Bitcoin over the last few weeks and when the asset dipped from its 2023 peak, so did the price of ETH. Following this decline in price, a worrying pattern has appeared on the ETH chart known as a falling wedge pattern. This was brought to light by crypto analyst Alan Santana, who has painted a grim picture of what this could mean for Ethereum. Ethereum Falling Wedge Pattern Is Bearish In the analysis posted on the TradingView website, Alan Santana explains that the appearance…
Bitcoin wipes nearly a week of gains in 20 minutes, falling under $41K
The price of Bitcoin (BTC) briefly fell below $41,000 following a sudden 6.5% drawdown from $43,357 to as low as $40,659 in just 20 minutes at 2:15am on Dec. 11 (UTC). At the time of publication, Bitcoin was trading slightly up from the local low at $41,960 per TradingView data. According to data from CoinGlass the brief drop caused more than $271 million worth of long positions to be liquidated. Ether (ETH), the second-largest cryptocurrency by market cap, also witnessed an abrupt decline, falling more than 8.9% in the same…
Crypto investors are falling into a trap: analyst
In a recent video, the analyst behind the popular Crypto Banter channel warned viewers that crypto investors are currently falling for “one of the biggest traps ever.” However, he also outlined a scenario in which Bitcoin could be on the cusp of a major breakout. It’s the oldest trick in the book. […] I’m gonna outline why you should not fall for that trap and how you can identify what it may look like. The potential trap relates to the relative strength index (RSI), a technical indicator that measures the…
SSV Network Prices Free Falling After Founder Joins Israeli Army, What’s Next?
Alon Muroch, the founder of SSV Network, has been drafted into the Israeli Army, according to an X post shared on October 10. Following this news, SSV, the native token of the SSV Network, fell 5%, dropping below the $14 mark. At this pace, SSV is moving closer to its all-time low of around $13.40, registered in September 2023. SSV Founder Getting Drafted In response to the ongoing crisis in the Middle East, Muroch stated that the situation on the ground is “much worse than described.” The founder said that being drafted…
Supply Keeps Falling To Lowest Since 2018
Bitcoin news for traders and investors is showing positive signs as the cryptocurrency managed to stay above critical levels. The current trading environment remains uncertain as sideways price action persists, but new data points to potential gains. As of this writing, Bitcoin trades at $27,700 with sideways movement in the last 24 hours. On higher timeframes, the cryptocurrency records profits; the previous week, BTC experienced a 4.4% rally, according to data from Coingecko. BTC’s price trends to the upside on the daily chart. Source: BTCUSDT on Tradingview Bitcoin News And…
Bitcoin Miner Revenue Rapidly Falling, What Happens Next?
Bitcoin miners are churning less in revenue, looking at trackers on August 28. According to Hashrate Index data, a platform that tracks the correlation between hash rate and revenue accrued by miners over time, income generated from Bitcoin mining operations is at near record lows. Bitcoin Miner Revenue Declining At $0.059 per Tera Hash (TH) daily, the trend doesn’t look exciting for Bitcoin miners as it is cents away from $0.056, a level recorded in late November 2022. At the depth of last year’s crypto winter when prices fell, cracking below…
One in three young people falling prey to ‘text pests‘ as ICO calls for victims to come forward
Research commissioned by the ICO reveals that 29% of 18-34-year-olds received unwanted contact after giving their personal information to a business. 66% of the public believes it is not morally right to use personal details given for business purposes for romantic or sexual propositions. Only 5% believe it to be morally right. “It is against the law.” – ICO takes steps to combat “text pests”, contacting major delivery companies to emphasise of legal obligations. The Information Commissioner’s Office (ICO) has today launched a call for victims of so-called ‘text pests’…