Tag Archives: Market Wrap

08Nov/24

Bitcoin Hits Another Milestone, Topping $77K for First Time; Funding Rates Suggest Crypto Rally Can Keep Going

While crypto assets booked double-digit gains during this week, with BTC sitting at record highs, funding rates for perpetual swaps on crypto exchanges are much closer to neutral levels than the marketRead More…

Share this:
11Oct/24

Bitcoin Bounces 7% Above $63K as Crypto Traders Eye China Stimulus Statement

Bitcoin, the leading crypto asset by market capitalization, shot up 7% from Thursday’s trough below $59,000 after the hotter U.S. CPI inflation report, bucking this week’s trend of giving up gains duringRead More…

Share this:
04Oct/24

AI Tokens Lead Crypto Rebound Amid Strong U.S. Economy

Markus Thielen, founder of 10x Research, said that the early October sell-off is likely over, with prices likely to grind higher in the coming weeks. Derivatives markets data suggest that investors aren’tRead More…

Share this:
19Jul/24

Bitcoin Tops $67K as Cryptos Rally Amid Global IT Outage; Solana’s SOL Leads Altcoins

Looking at a longer timeframe, bitcoin is trading around the midpoint of a multi-month sideways channel between $56,000 and $73,000. Spot prices might be range-bound in the near term, but traders areRead More…

Share this:
09Jul/24

Bitcoin Rebounds Toward $60K, but Choppiness Likely to Persist: Analysts

“The $55,000-$56,000 range is forming a base from a technical analysis perspective. However, given the medium-term technical damage, we anticipate no more than a short-term tactical bullish countertrend rally,” Thielen said inRead More…

Share this: