Glassnode Refutes Bitcoin’s Bottoming Out
Following Bitcoin's drop below the $94,000 level earlier this week, traders have been actively purchasing short-term put options with a strike price of $75,000. This trend was noted by Glassnode.News, articles, and analysis on key events, indicators, and signals in the cryptocurrency market.
Glassnode Refutes Bitcoin’s Bottoming Out
Following Bitcoin's drop below the $94,000 level earlier this week, traders have been actively purchasing short-term put options with a strike price of $75,000. This trend was noted by Glassnode.
Fear and panic: Bitcoin falls below $85,000 for the first time since April
Bitcoin fell 7% in the past 24 hours to about $84,000, its lowest level since April.
Analysts Warn of Bitcoin’s Potential Drop to $60,000 Due to Fed Policy
Digital gold may remain "stuck" in the $60,000-$80,000 range until the end of the year if the Fed refrains from cutting the key rate in December.
Indicator hints at upside for Ethereum
Since early November, the price of the second-largest cryptocurrency has fallen nearly 20%. Yet the Mayer Multiple has hinted at a potential recovery.
Bitcoin Options Signal Bearish Market Shift
Aggressively bullish bets in the cryptocurrency options market have shifted to "decidedly bearish" positions.
Analysts warn the XRP market is structurally fragile
More than 41% of the total XRP supply—about 26.5bn coins—is at a loss, according to Glassnode.
Bitcoin Falls Below $90,000 for the First Time in Seven Months
The price of digital gold has dropped below $90,000, reaching a seven-month low at $89,390. At the time of writing, the asset is trading at $89,500.
Stablecoin Reserves on Binance Surge by $9 Billion
The $9 billion influx of stablecoins to Binance over 30 days nears historical peaks that previously preceded significant market movements.
Bitcoin’s 25% Correction Deemed Short-Term by Bernstein Analysts
The nearly 25% drop in Bitcoin's price from its ATH near $126,000 is considered short-term and not the start of a major downtrend, according to Bernstein researchers.
Bitcoin Plummets to Six-Month Low
The price of the leading cryptocurrency fell to a six-month low of $93,000, before recovering to around $95,000.We use cookies to improve the quality of our service.
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