South Korea Asks Interpol to Issue Red Notice for Terra Co-Founder Do Kwon
submitted by /u/polloponzi [link] [comments]
submitted by /u/polloponzi [link] [comments]
In the past 24 hours we saw the crypto market bleeding again due to the FOMC meeting this week. That means that a lot of assets were liquidated, mostly longs. In this post I summed up some interesting liquidation statistics. The stats in the past 24h at the time of writing: – In the past…
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Top post of this subreddit at the moment is a very sensationalist Reuters article, which, if you actually read it, is a giant nothing-burger. The title has a harsh statement, like "crypto's CREAK under pressure of rate hike!'. Other articles have titles like "crypto PLUMMETS below 19k as it sets new (insert arbitrary time period…
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Vogue Singapore and other fashion platforms are creating Web3 communities for users, but will the concept catch on?
Vogue Singapore and other fashion platforms are creating Web3 communities for users, but will the concept catch on?
The crypto space obviously isn’t in the best shape at the moment, and I think the sell-off post merge has caught people off guard in particular, as it certainly has been a focal point for some time. In times like this, I think perspective is important, and I like Buffett’s words on the matter. Warren…
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I understand that rocketpool use self staking while Lido uses liquidity staking, coinbase is staking through a third party etc… but what are the differences in terms of risk? Ultimately, just trying to understand the best way to stake ETH accessed from a metamask wallet, Temple allows Tezos staking within the wallet with the rewards…
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It's so important to stick to whatever goal you have, nobody on the internet should influence your decisions, never. If you think the market is not finished with dumping, stick to that. If you think we've bottomed, then stick to that. If anyone should have learned something this year it's that nobody knows anything. There…
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The price of bitcoin has dropped 72.9% in USD value since the crypto asset’s all-time high ten months ago and recently, bitcoin’s been trading for just under $19K per unit. This week two prominent crypto market influencers have been discussing how governments could suppress bitcoin markets by shorting the crypto asset. However, one of the […]
Fear has gripped investors and traders alike in light of the recent adverse market action. Bitcoin, the most well-known cryptocurrency, has suffered the highest levels of selling pressure since the crisis in June and July. With a high of $22,400 on September 13 and a low of $18,790 today, Bitcoin has fallen by nearly 8%. The price has dropped by a stunning 13.31 percent. This, too, can be explained by the unfavorable economic developments in the United States, as have the recent price fluctuations. As of this writing, the latest sell-off has not lost any of its steam. Price information from the last few days places Bitcoin between $19,344 and $18,346. Financial market participants should not place any stock in these figures. Related Reading: Chiliz Bulls Test $0.2505 Resistance – Can CHZ Reach Green Zone? Source: TradingView.com Bitcoin Needs To Crawl Back Up Bitcoin’s attempt at a comeback resulted in the formation of a double triangle, which is harmonically related to the XABCD pattern. This pattern may point to a reversal in which buyers can get in at a discount and sellers can make a profit. However, this was not the situation. Bitcoin may retest the $20,000 crucial territory before if retreats to the $18,000 level. BTC is selling at a significant discount to the 78.60 Fib level right now. Being so far away from the important psychological threshold of $20,000, this price point may hinder any further rebound. Investor confidence can only continue to rise with the aforementioned price in place. A turnaround can only occur if bulls step in to buy the ongoing decline and turn around the bearish trend. Bitcoin’s price may be able to retest the $20,500 resistance level if the aforementioned hypothetical event occurs. The 61.80 Fib level is where the aforementioned resistance is located. However, Bitcoin’s correlation with the broader financial landscape is not advantageous. Bitcoin’s close correlation with the S&P 500 and NASDAQ indexes makes it difficult to restore upward momentum. BTC Needs All Energy It Can Muster To Normalize Bitcoin’s rebound is in peril as the larger financial sector experiences a steep decline. In fact, it may not even hit the $20,500 resistance mentioned. According to the renowned cryptoanalyst @woonomics, Bitcoin has not yet reached rock bottom. As he evaluated the past and present performance of Bitcoin, he discovered that only 52 percent of all coins are underwater. Bitcoin’s previous bottoms were 61 percent, 67 percent, and 57 percent. The data he gave indicates that if Bitcoin were to reach rock bottom once more, it would not be at $18,000. For Bitcoin to emerge from this predicament, the larger financial sector must rebound from the current collapse in order to restore investor and trader confidence. As of this writing, the Stoch RSI values are converging, which may provide a modest boost to the price. However, with present market dynamics following a strong downward trend, recovery is unlikely. Related Reading: AVAX Price Rebound Fails To Breach $22 Resistance Due To High CPI Data BTC total market cap at $359 billion on the daily chart | Source: TradingView.com Featured image Pixabay, Chart: TradingView.com (The analysis represents the author’s personal views and should not be construed as investment advice).