Tag: Longest

S&P 500 and Nasdaq Record Their Longest Winning Rally Since November 2021

The Dow had the weakest performance among the three major indexes during Tuesday’s session, primarily due to several declining stocks. On Tuesday, November 7, two big Wall Street indices – S&P 500 (INDEXSP: .INX) and Nasdaq Composite (INDEXNASDAQ: .IXIC) – recorded their longest winning streak in nearly two years since November 2021. Notably, the S&P 500 recorded gains for the seventh consecutive day, a feat not seen since its eight-day green zone movement in November 2021. Similarly, the Nasdaq achieved eight consecutive winning days for the first time since the…

No, Bitcoin is not in its ‘longest ever bear market’ — Here’s why

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Cryptocurrencies like Bitcoin (BTC) are not in their “longest ever bear market” and probably are not even in a bear market at all, according to some industry observers. MN Trading founder Michaël van de Poppe took to X (formerly Twitter) on Aug. 27 to claim that Bitcoin is currently in its “longest bear market” in history. “Right now, the price of Bitcoin is nowhere near the valuation of the peak in November ’21. It’s down more than 50% and in a bear market of 490 days,” the trader wrote. Van…

Bitcoin Jumps Another 4% Hitting Its Longest Rally Since 2020 Pandemic

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Bitcoin price rally follows the growing cheer on Wall Street amid the cooling down of inflation and the expected softening stand by the Fed ahead. Bitcoin and the broader cryptocurrency market registered a fresh rally on Wednesday, January 11. The world’s largest cryptocurrency gained over 4.5% in a single day moving past $18,200 levels. New Bitcoin Rally It is for the ninth straight day that the Bitcoin (BTC) price has ended in the green. This also marks the largest winning streak for Bitcoin since the pandemic days of 2020, reported…

Bitcoin’s longest ‘extreme fear’ streak finally breaks

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Bitcoin (BTC) on Tuesday finally escaped the “extreme fear” zone after a whopping 73 days, coinciding with a 19% weekly increase in Bitcoin (BTC) as bulls make their way back to the market.  The Crypto Fear and Greed Index increased from “extreme fear” to merely “fearful” on July 19, reaching a score of 30 out of 100. It has gained slightly since then to the current index score of 31. The Index analyzes the current sentiment of the overall crypto market, scoring between 0 to 100. The index is based…

BTC price snaps its longest losing streak in history — 5 things to know in Bitcoin this week

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Bitcoin (BTC) starts a new week with some fresh hope for hodlers after halting what has been the longest weekly downtrend in its history. After battling for support throughout the weekend, BTC/USD ultimately found its footing to close out the week at $29,900 — $450 higher than last Sunday. The bullish momentum did not stop there, with the pair climbing through the night into June 6 to reach multi-day highs. The price action provides some long-awaited relief to bulls, but Bitcoin is far from out of the woods at the…

Bitcoin Observes Longest Stretch Of Extreme Fear Since April 2020

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Data shows extreme fear sentiment in the Bitcoin market has continued for almost a month now, the longest stretch since April 2020. Bitcoin Market Sentiment Remains In Extreme Fear Territory As per the latest weekly report from Arcane Research, the crypto fear and greed index has continued to point at extreme fear this week. The “fear and greed index” is an indicator that measures the general market sentiment among Bitcoin and crypto investors. The metric uses a numeric scale that runs from one to hundred for representing this sentiment. All…

Bitcoin just regained a key price trendline after its longest absence since March 2020

Bitcoin (BTC) may be consolidating at $47,000, but longer timeframes show just how significant this week’s mini bull run has been. According to the Golden Ratio Multiplier (GRM) metric, on March 27, BTC/USD reclaimed an essential support zone for securing further upside. Bitcoin exits trendline slump that beat March 2020 GRM is a long-term observational metric for Bitcoin price action. It is used to determine whether Bitcoin price growth (or the opposite) is overstretched relative to its overall maturity as an asset in terms of adoption. It does so using…

Bitcoin Flips $44k To Support, Bulls In Longest Rally Since September

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Even though Bitcoin (BTC) was rejected at $45,500, hope for another substantial advance in the cryptocurrency market has reappeared. Bulls are now aiming to beef up their defense at the $43,000 support level. According to TradingView data, after reaching a weekly high of $45,500 early on Feb. 8, bears were able to lower the price of Bitcoin to $42,900 during afternoon trading as investors realized profits and prepared to place bids at $38,000. At the time of writing, the pioneer token is worth $44,091. Bitcoin Steadies At $44k Bitcoin (BTC)…

Bitcoin Breaks Record For Longest Weekly Uptrend Ever, According To “Parabolic” Indicator

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Bitcoin had a major breakout last night, taking the asset to a price well above $20,000 to close out what has been a stellar year for the cryptocurrency. Although 2020 was a monumental year for many reasons, it also marks a milestone for Bitcoin, in which a record has been set for the longest weekly uptrend in the asset’s history, according to a “parabolic” indicator. Will Bitcoin Go Parabolic Following Longest Weekly Uptrend In Crypto History? Although there have been very few full market cycles in cryptocurrencies, there have been…