Today’s BeInCrypto on-chain analysis looks at two global market indicators: futures open interest and funding rates. These determine the overall health of the Bitcoin market and can serve as signals for BTC price movements. For nearly 3 months, the
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After a bloody week, the price of bitcoin is slowly recovering, following a 50% decline since recording the $69,000 ATH level in November 2021. The following analysis will discuss two possible scenarios for the future,
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After two consecutive days of losses, bitcoin and ethereum both rebounded strongly to start the weekend. Crypto markets were trading almost 5% higher on Saturday. Bitcoin The world’s largest cryptocurrency regained some upward momentum on
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According to analysts at multinational investment bank Goldman Sachs, growing mainstream acceptance may not lead to higher digital asset prices. Instead, the institution believed that the USD value of bitcoin and altcoins correlated with inflation
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Given the technical and on-chain data, a possible near-term bounce is possible. However, in an uncertain macro environment, a strong price rally seems less likely. Technical Analysis Daily timeframe: The downtrend in Bitcoin’s continues as
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Three months ago the crypto economy was worth more than $3 trillion and since then, digital currency prices have slid a great deal in value, as crypto assets have been sold and distributed across many
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The turmoil in the crypto market finds no end to its ills as the asset class continues to remain in the grip of the bears. Although the FOMC meeting did not reveal any major setbacks
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The crypto economy has shed enormous value over the last three months and the leading crypto asset bitcoin is down more than 46% since it’s all-time high (ATH) at $69,044 per unit. The same can
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Days after falling to a 6-month low, bitcoin rose for a second consecutive session, as prices slowly approached its key level of $40,000. Today’s gain in BTC comes as the global crypto market cap was 4.7% higher
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The digital currency asset manager Valkyrie has applied for an exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The fund plans invest at least 80% of its net assets into firms that
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