Publicly traded miners very much embrace the HODL, or “hold on for dear life,” mantra, hoarding tokens to make their stock more appealing to investors seeking exposure to Bitcoin’s gains. Instead of selling Bitcoin to raise money, firms like Marathon Digital Holdings Inc. The firms are exploiting an open secret in the options market: contracts […]
The largest cryptocurrency slid as much as 3.2% to $38,236, the lowest since March 15, and down more than 20% from last month’s high. Bitcoin has dropped below its Ichimoku cloud support on a weekly chart, with secondary support only coming in around $27,200, said Katie Stockton, founder and managing partner at Fairlead Strategies. For […]
The global crypto market’s value dropped about 4% in the past 24 hours to $1.9 trillion, according to pricing from CoinGecko. Technical charts suggest that despite Bitcoin’s recent drop it’s “not close to an oversold reading,” and near-term support at $35,000 likely won’t hold, said John Roque, technical analyst at 22V Research, in a note […]
The largest cryptocurrency rose as much as 0.6% to $41,500 on Thursday, gaining for a second day. A brief breakout to touch the 200-day moving average in late March was followed by a drop of as much as 19%, as concerns about monetary tightening triggered declines across risk assets. “Bitcoin looks attractive to buy dips […]
Meanwhile, many crypto firms are seeing greater client interest for these smaller tokens, with BlockFi last weekend noting a “flip” by its retail clients toward alternative coins. When you add layer-1s that have higher beta, that’s where you have 20-30% moves in just a couple of days,” he said, referring to an underlying type of […]