The total crypto market capitalisation is down 1.7% over the last 24 hours to $1.13 trillion. #Bitcoin is down 1.6%, #Ethereum is losing 1%, and among the top altcoins, only #Litecoin and #Tron show positive dynamics, adding around 0.8%.
Bitcoin's advance on Monday stopped near $27.5K, and at the time of writing, the price has rolled back to $27K, the lower boundary of last Friday's short-term uptrend channel. A break below $ 26.7K could put more pressure on the cryptocurrency.
There is also a similar short-term channel in ETHUSD, and a failure from the current $1,810 to $1,780 would mark a new short-term victory for the bears, potentially triggering a downward spike.
According to CoinShares, investments in crypto funds fell by $54 million last week, the fourth consecutive week of outflows. Bitcoin investments fell by $38 million, while Ethereum rose by $0.1 million. Investments in bitcoin short funds fell by $10 million.
📣Trade responsibly with fxpro.com
Bitcoin's advance on Monday stopped near $27.5K, and at the time of writing, the price has rolled back to $27K, the lower boundary of last Friday's short-term uptrend channel. A break below $ 26.7K could put more pressure on the cryptocurrency.
There is also a similar short-term channel in ETHUSD, and a failure from the current $1,810 to $1,780 would mark a new short-term victory for the bears, potentially triggering a downward spike.
According to CoinShares, investments in crypto funds fell by $54 million last week, the fourth consecutive week of outflows. Bitcoin investments fell by $38 million, while Ethereum rose by $0.1 million. Investments in bitcoin short funds fell by $10 million.
📣Trade responsibly with fxpro.com
The crypto market cap has fallen 1.6% over the past 24 hours to $1.10 trillion, back to the levels from which the market rebounded almost two weeks ago. At the same time, #Bitcoin is down 2%, #Ethereum is down 2.2%, and the top altcoins are losing between 0.5% (#Solana) and 3% (#Cardano). #Polygon (+0.8% in 24 hours) and #Tron (+10% in 7 days) beat the headwinds.
The price of Bitcoin dipped below $26K at the start of trading on Thursday, a level it has been consistently above since March 17th. Bitcoin enjoyed a strong rally in March and April amid fears over the safety of funds held by regional US banks. As this issue has faded from the headlines, cryptocurrencies have reversed into a correction.
On the technical analysis front, the $25K level is seen as a critical stop on the way down, with little support found on the journey to that level.
Ethereum has rolled back to the lower end of the last two months' range at $1777. A further move lower opens the door to $1700.
📣Trade responsibly with fxpro.com
The price of Bitcoin dipped below $26K at the start of trading on Thursday, a level it has been consistently above since March 17th. Bitcoin enjoyed a strong rally in March and April amid fears over the safety of funds held by regional US banks. As this issue has faded from the headlines, cryptocurrencies have reversed into a correction.
On the technical analysis front, the $25K level is seen as a critical stop on the way down, with little support found on the journey to that level.
Ethereum has rolled back to the lower end of the last two months' range at $1777. A further move lower opens the door to $1700.
📣Trade responsibly with fxpro.com
The crypto market cap has fallen by 0.5% over the past 24 hours to $1.156 trillion, as it pulled back from the extremes at the start of trading on Monday. However, the market has remained positive for the past five days. Top altcoin prices ranged from a 1.7% decline (#Tron) to a 4% gain (#XRP) over the day.
#Bitcoin failed to break above its 50-day moving average after being under pressure for most of the day on Monday. After correcting it to $27.5K, the first cryptocurrency began to attract local buyers. This is a local support area in March and April, and a move higher shows the strength of the buyers.
#Ethereum broke through yesterday and is trying to hold the $1900 level today, also managing to stay above its 50-day average. Digital silver is coming out of the hole after a long consolidation, but only a consolidation above $2000 or even $2100 will allow further upside to be discussed.
📣Trade responsibly with fxpro.com
#Bitcoin failed to break above its 50-day moving average after being under pressure for most of the day on Monday. After correcting it to $27.5K, the first cryptocurrency began to attract local buyers. This is a local support area in March and April, and a move higher shows the strength of the buyers.
#Ethereum broke through yesterday and is trying to hold the $1900 level today, also managing to stay above its 50-day average. Digital silver is coming out of the hole after a long consolidation, but only a consolidation above $2000 or even $2100 will allow further upside to be discussed.
📣Trade responsibly with fxpro.com
The crypto market hit a sell-off on Monday night, losing 3.8% in the last 24 hours.
#Bitcoin is losing 4% to 25.7 over this period; #Ethereum is losing 3% to $1814, with top altcoins losing between 3.7% (#Tron) and 7.9% (#BNB).
The sharp move down has pushed Bitcoin's price below its 200-week average ($26.3K). And now all the attention of position traders is focused on whether the price returns to territory above that line before the end of the week. If not, we should be prepared for a big sell-off down to $22K. This is the main working scenario, given the series of lower highs and lower lows over the past two months.
An alternative and less likely scenario would be a reversal to the upside after a brief dip below the 200-week average. This dynamic could assert that big players are gaining on Bitcoin at this level, suggesting considerable upside potential.
According to CoinShares, investments in cryptocurrencies fell by $62M last week, the 7th week of outflow.
📣Trade responsibly with fxpro.com
#Bitcoin is losing 4% to 25.7 over this period; #Ethereum is losing 3% to $1814, with top altcoins losing between 3.7% (#Tron) and 7.9% (#BNB).
The sharp move down has pushed Bitcoin's price below its 200-week average ($26.3K). And now all the attention of position traders is focused on whether the price returns to territory above that line before the end of the week. If not, we should be prepared for a big sell-off down to $22K. This is the main working scenario, given the series of lower highs and lower lows over the past two months.
An alternative and less likely scenario would be a reversal to the upside after a brief dip below the 200-week average. This dynamic could assert that big players are gaining on Bitcoin at this level, suggesting considerable upside potential.
According to CoinShares, investments in cryptocurrencies fell by $62M last week, the 7th week of outflow.
📣Trade responsibly with fxpro.com
Cryptocurrency market capitalisation fell 3.2% over the past 24 hours to $1,021 trillion, its lowest level since mid-March when cryptocurrencies rallied on concerns about US banks. There is likely to be a reversal now that crypto exchanges have become a target for regulators and the banking system has managed to avoid any new high-profile failures.
#Bitcoin started Thursday's session below $25K (-3.6% in 24 hours), while #Ethereum fell to $1640 (-5.4%). Major altcoins are losing between 0.45% (#Tron) and 6% (#Litecoin).
Bitcoin has retreated to local resistance levels from August last year to February this year. The bulls may try to hold the sell-off near this level, but the current decline is still within the descending channel that has been in place since April. More significant support for Bitcoin is near the 200-day average - now at $23.6K and pointing higher.
📣Trade responsibly with fxpro.com
#Bitcoin started Thursday's session below $25K (-3.6% in 24 hours), while #Ethereum fell to $1640 (-5.4%). Major altcoins are losing between 0.45% (#Tron) and 6% (#Litecoin).
Bitcoin has retreated to local resistance levels from August last year to February this year. The bulls may try to hold the sell-off near this level, but the current decline is still within the descending channel that has been in place since April. More significant support for Bitcoin is near the 200-day average - now at $23.6K and pointing higher.
📣Trade responsibly with fxpro.com
Bitcoin holds its range, but pressure mounts
Crypto market capitalisation has fallen 3% over the past seven days to $1.17 trillion. The Fear and Greed Index is at 56 (greed), having corrected from 62 a week earlier. Capitalisation has stabilised at $1.20 trillion in the first half of the week and at 1.18 in the second half. Capitalisation falls early on Monday, following the downtrend in global equity indices.
#Bitcoin starts the week near $30.20K, having fended off attempts to break below a meaningful round level since the second half of last week. However, Bitcoin failed to break out of its range at the beginning of last week, where it has been consolidating for the past three weeks. We should be prepared for BTCUSD to go deeper into a correction just below $29.0K.
#Ethereum lost 5.7% to $1860. Other leading altcoins in the top 10 fell between 0.2% (#Tron) and 17% #(Litecoin). The exception was #Solana (+6.7%).
Crypto market capitalisation has fallen 3% over the past seven days to $1.17 trillion. The Fear and Greed Index is at 56 (greed), having corrected from 62 a week earlier. Capitalisation has stabilised at $1.20 trillion in the first half of the week and at 1.18 in the second half. Capitalisation falls early on Monday, following the downtrend in global equity indices.
#Bitcoin starts the week near $30.20K, having fended off attempts to break below a meaningful round level since the second half of last week. However, Bitcoin failed to break out of its range at the beginning of last week, where it has been consolidating for the past three weeks. We should be prepared for BTCUSD to go deeper into a correction just below $29.0K.
#Ethereum lost 5.7% to $1860. Other leading altcoins in the top 10 fell between 0.2% (#Tron) and 17% #(Litecoin). The exception was #Solana (+6.7%).
The crypto market cap rose 1.75% over the past 24 hours to $1.19 trillion, outperforming Bitcoin and Ethereum’s 1.5% growth over the same period. Among the top altcoins, #Solana (+5.7%), #BNB (+6%) and #Polygon (+9.4%) are outperforming the market. #Tron (-0.2%) and #Dogecoin (+1.2%) underperform the market.
According to CoinShares, investments in crypto funds rose by $136 million last week, marking the third consecutive week of inflows totalling $470 million.
However, trading volumes slowed to $1 billion for the week, compared to an average of $2.5 billion in the previous two weeks, CoinShares noted.
#Ethereum reversed to the upside at the end of last week, pulling back from its 50-day moving average. This is the second such reversal in the past two weeks, suggesting that the market is looking to reassert the dominance of the uptrend. If this proves to be the case, Ethereum is headed for a renewal of local highs near $1960 from the current $1880.
📣Trade responsibly with fxpro.com
According to CoinShares, investments in crypto funds rose by $136 million last week, marking the third consecutive week of inflows totalling $470 million.
However, trading volumes slowed to $1 billion for the week, compared to an average of $2.5 billion in the previous two weeks, CoinShares noted.
#Ethereum reversed to the upside at the end of last week, pulling back from its 50-day moving average. This is the second such reversal in the past two weeks, suggesting that the market is looking to reassert the dominance of the uptrend. If this proves to be the case, Ethereum is headed for a renewal of local highs near $1960 from the current $1880.
📣Trade responsibly with fxpro.com
The crypto market is up 1.5% in 24 hours to $1.41 trillion. The dynamics of coins over the past 7 days have been mixed.
Bitcoin gains 0.7%, Ethereum loses 1.6%, while the top altcoins varied from -5.8% for #Tron and -5% for XRP to +23% for #Avalanche and +4.7% for #Dogecoin.
#Bitcoin sticks to its uptrend channel. In #Ethereum, the trend of higher local lows over the last four weeks is noticeable.
The technical picture in the altcoins is setting up for another change of leaders in the second tier.
#Solana has risen for the past month, gaining around 130%. However, the price is still 77% below its peak in October 2021.
#XRP and #Litecoin, once some of the leading altcoins, are not yet in favour of the market. Like the coins above, they started to rise in the second half of last month but have come under more pressure in the last two weeks, reversing the upward trend. It's worth being prepared for them to underperform the market for the foreseeable future as the focus of developers and holders shifts.
Bitcoin gains 0.7%, Ethereum loses 1.6%, while the top altcoins varied from -5.8% for #Tron and -5% for XRP to +23% for #Avalanche and +4.7% for #Dogecoin.
#Bitcoin sticks to its uptrend channel. In #Ethereum, the trend of higher local lows over the last four weeks is noticeable.
The technical picture in the altcoins is setting up for another change of leaders in the second tier.
#Solana has risen for the past month, gaining around 130%. However, the price is still 77% below its peak in October 2021.
#XRP and #Litecoin, once some of the leading altcoins, are not yet in favour of the market. Like the coins above, they started to rise in the second half of last month but have come under more pressure in the last two weeks, reversing the upward trend. It's worth being prepared for them to underperform the market for the foreseeable future as the focus of developers and holders shifts.
#Crypto
▫️ The Crypto market once again failed to break through the $2.15 trillion mark, falling 2.3% to $2.1 trillion;
▫️ #Bitcoin pulled back after another test of the 50-day average;
▫️ #Tron is rallying, up about 40% from 5 Aug lows, but has already made it to $1.6, a turbulent zone;
▫️ In bitcoin options for dates after the US election, the most popular position is a $80K strike call.
▫️ The Crypto market once again failed to break through the $2.15 trillion mark, falling 2.3% to $2.1 trillion;
▫️ #Bitcoin pulled back after another test of the 50-day average;
▫️ #Tron is rallying, up about 40% from 5 Aug lows, but has already made it to $1.6, a turbulent zone;
▫️ In bitcoin options for dates after the US election, the most popular position is a $80K strike call.
FxPro News
Forex - Tron has climbed to a zone of turbulence | Crypto Review
Market picture The crypto market once again failed to break through the $2.15 trillion cap mark, falling 2.3% to $2.1 trillion, almost back to whe...
#Crypto
▫️ Cryptocurrency cap +1.7% overnight, continuing to test August resistance at $2.15 trillion;
▫️ #Tron (-5.5%) lost its place in the top 10 by capitalisation to Cardano (+2.5%);
▫️ #Bitcoin's tug-of-war around 50-day MA continues;
▫️ #Solana ETF has no chance of approval in 2024 and 2025 under current SEC leadership and platform pump.fun disappoints investors.
▫️ Cryptocurrency cap +1.7% overnight, continuing to test August resistance at $2.15 trillion;
▫️ #Tron (-5.5%) lost its place in the top 10 by capitalisation to Cardano (+2.5%);
▫️ #Bitcoin's tug-of-war around 50-day MA continues;
▫️ #Solana ETF has no chance of approval in 2024 and 2025 under current SEC leadership and platform pump.fun disappoints investors.
FxPro News
Forex - Crypto Tug of War | Crypto Review
Market picture The crypto market gained 1.7% in the last 24 hours to reach $2.14 trillion, continuing to test August's resistance. Bitcoin rose 2....
#Crypto
▫️ Crypto market is up 2.3% in 24 hours to $2.07 trillion, recovering to Friday's levels;
▫️ #Bitcoin just below $59K, pausing Monday's gains, remains below 50 and 200-day MAs and at the bottom of range;
▫️ #Tron's correction took the price to 0.1525 from a peak of 0.1680. A legitimate fix after the rally would make one cautious in case of a failure below $0.1430-0.1480.
▫️ Crypto market is up 2.3% in 24 hours to $2.07 trillion, recovering to Friday's levels;
▫️ #Bitcoin just below $59K, pausing Monday's gains, remains below 50 and 200-day MAs and at the bottom of range;
▫️ #Tron's correction took the price to 0.1525 from a peak of 0.1680. A legitimate fix after the rally would make one cautious in case of a failure below $0.1430-0.1480.
FxPro News
Forex - Wary Crypto Market | Crypto Review
Market Picture The crypto market rose 2.3% in 24 hours to reach a cap of $2.07 trillion, growing steadily throughout Monday. However, cautious Asi...
#Crypto
▫️ Crypto market calmed down near $2.03 trillion (-0.1%) with sentiment stabilising in 'fear' territory;
▫️ #Bitcoin found equilibrium at $58K, but a series of rising intraday highs is creating optimism;
▫️ #Tron under pressure, back to $0.15. A break below $0.1455 would open the way to $0.1320.
▫️ Crypto market calmed down near $2.03 trillion (-0.1%) with sentiment stabilising in 'fear' territory;
▫️ #Bitcoin found equilibrium at $58K, but a series of rising intraday highs is creating optimism;
▫️ #Tron under pressure, back to $0.15. A break below $0.1455 would open the way to $0.1320.
FxPro News
Forex - Crypto market calm | Crypto Review
Market Picture Cryptocurrency market capitalisation has changed little over the past 24 hours, falling 0.1% to $2.03 trillion. The sentiment index...