iCryptoDesk Crypto News and Updates on all Cryptocurrencies like Bitcoin, Litecoin…….
The Bitcoin market is a different beast compared to late 2017 when Goldman Sachs balked at launching its crypto trading desk. Source link
Read More »No, Goldman Sachs isn’t a bearish indicator for Bitcoin
Bearish Outlook as Bitcoin’s Seven-Day Average Sinks 25%, ADA Shines During the Storm
Digital currency markets have been bearish in recent days as prices have continued to sink lower. The entire market capitalization of all the crypto assets in existence is down over 8% on Sunday at $1.25 trillion. Bitcoin has plummeted from its all-time high (ATH) of $58,350 last Sunday to today’s …
Read More »Bitcoin Drops After Record-Setting Rally; Is Bearish Bias Returning?
Key Bitcoin Takeaways Bitcoin plunged by almost 5.5 percent on Monday after setting up a record high in the previous session. The one-day drop is the largest since February 10, pointing to extended intraday declines as the European session matures. Long-term sentiment remains bullish on growing corporate adoption against the …
Read More »Bitcoin Explodes Towards $52,000 as Gold Forms Bearish Death Cross
Bitcoin achieved yet another record high in a price rally that has already seen it surging by more than 1,100 percent from its March lows last year. Incidentally, gold, which many consider Bitcoin’s top safe-haven rival, painted a death cross pattern on its daily chart. A recent run-up in the …
Read More »Ethereum Nears All-Time High Despite Alarming Bearish Signals
Ethereum rose on Tuesday, partially because of its positive correlation with Bitcoin, the top cryptocurrency that also notched gains, and partially because the Chicago Mercantile Exchange will offer Ethereum Futures effectively from February 8, 2021. Trades flocked into the second-largest cryptocurrency during the early European session, pushing its prices against …
Read More »Massive Bearish Divergence Hints At First Major Chainlink Corrective Phase
Chainlink was among the first cryptocurrency to set a new all-time high in 2020, but given its absence during the 2017 peak was facing different circumstances and no overhead resistance. The altcoin was nearly unaffected entirely by the bear market over the last couple of years, breaking record after record. …
Read More »Bullish or bearish? PayPal hosts $242M in crypto trading over 24 hours
Daily crypto volume on payments giant PayPal have surged to record highs above $240 million. Source link
Read More »Fears of Bearish Correction Loom as Bitcoin OTC Deals Plunge
Bitcoin faces the prospects of undergoing a massive downside correction as on-chain data shows a plunge in its over-the-counter deals. According to data fetched by CryptoQuant, the total amount of Bitcoin tokens flowing out of Coinbase Pro’s addresses to their newly-created custodial cold wallets has decreased ever since BTC/USD crossed …
Read More »Hedge Funds are Betting Heavily on a Bearish Bitcoin Reversal, Report Shows
Bitcoin’s uptrend over the past few months has been historic, with bulls taking full control of its price action and sending it from sub-$10,000 lows in late summer to highs of $28,500 just a few days ago. After reaching these highs, the cryptocurrency’s uptrend stalled, with the past few days …
Read More »Bitcoin Futures Funding Gets “Aggressively Bearish” as Traders Expect a Retrace
Bitcoin has been caught in the throes of an immense bullish trend throughout the past several days, with buyers in full control of its price action as the cryptocurrency puts some serious distance between its recent lows. It is important to note that the recent rejection at $23,700 proved to …
Read More »