Key takeaways: Bitcoin rallied 4.5% in 48 hours, reclaiming $114,000. A reset in BTC’s open interest points to healthier upside after long de-leveraging. A CME gap near $111,300 remains a short-term risk to bullish momentum. Bitcoin (BTC) price rallied 4.5% in less than 48 hours, retesting $114,000 on Monday. The recovery followed last week’s sharp correction between Monday and Saturday, where data indicated the pullback was less about aggressive shorting and more about longs de-leveraging to set up a cleaner base for future upside. Bitcoin one-day chart. Source: Cointelegraph/TradingView Between…
Tag: Risk
XRP Price Struggles to Hold – Fresh Decline Risk Grows for the Token
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…
Low Risk DeFi Could Drive Ethereum Fees While Keeping Values Aligned
Ethereum co-founder Vitalik Buterin said revenue from low-risk decentralized finance protocols could give the network economic stability — much like Google Search supports Google — while letting nonfinancial apps uphold Ethereum’s cultural values. Low-risk DeFi could address “important tensions” in the Ethereum community over whether apps that bring in enough revenue to economically sustain the ecosystem align with the cultural and ethical values that brought people to Ethereum in the first place, Buterin said in a blog post on Saturday. The former has been a combination of nonfungible tokens, memecoins,…
India resists full crypto framework, citing systemic risk concerns
Key Takeaways India is reluctant to implement a full crypto regulatory framework due to systemic risk concerns. The government remains cautious, carefully weighing the benefits of digital asset innovation against potential threats to financial stability. Share this article India is resisting the implementation of a comprehensive crypto framework due to concerns about systemic risks, according to Reuters. The country’s reluctance to establish full regulatory guidelines for digital assets reflects ongoing apprehensions about the potential impact these technologies could have on the broader financial system. India has maintained a cautious stance…
Bitcoin Price Weakens – Fresh Downside Risk If Bulls Fail Soon
Bitcoin price is struggling to recover above $111,500. BTC is now consolidating and might decline if there is a move below the $110,000 level. Bitcoin started a recovery wave above the $110,500 zone. The price is trading below $111,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $110,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $111,500 zone. Bitcoin Price Struggles To Recover Bitcoin price started…
Bitcoin Cash Price Analysis: BCH/USD At Risk Of Break Below $500
Key Points Bitcoin cash price is struggling to recover above $530 and $540 against the US Dollar. Yesterday’s highlighted key bearish trend line is intact with resistance at $515 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently at a risk of more losses below the $500 and $490 support levels. Bitcoin cash price is currently well below $530 against the US Dollar. BCH/USD might accelerate declines once there is a close below the $500 level. Bitcoin Cash Price Analysis Yesterday, we discussed…
Bitcoin Price Weekly Analysis: BTC/USD Remains At Risk Below $6,300
Key Points Bitcoin price started a downside correction after climbing as high as $6,554 against the US Dollar. There was a break below a major bullish trend line with support at $6,420 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently at a risk of more losses below the $6,300 support area in the near term. Bitcoin price is under pressure below $6,400 against the US Dollar. BTC/USD could decline towards $6,280 or $6,250 if sellers remain in control. Bitcoin Price Analysis This…
Is Bitcoin Volatility Worth The Risk? | CNBC
Nick Colas, Data Trek Research, and Larry McDonald, The Bear Traps Report, debate the risks of investing in bitcoin. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram:…
Here’s Why A BitcoinIRA Is Enticing Some To Risk Their Savings | CNBC
Despite the volatile nature of bitcoin, some Americans are choosing to risk their savings on a BitcoinIRA. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Here’s…