In Monday’s trading session, crypto futures traders lost over $500 million in liquidation positions as severe volatility impacted highly leveraged long and short positions, with some major exchanges plunging as much as 12%. Data shows that Bitcoin (BTC) plunged from $43,000 to as low as $40,300, leading to declines in major tokens such as Chainlink … [Read more…]
A prominent digital asset venture capitalist believes that the approval of a Bitcoin (BTC) spot market fund (ETF) could lead to a decline in the cryptocurrency. Chris Burniske, the founder of Placeholder Capital, told His 268,800 followers on the social media platform Term. He also believes a rejection would trigger a sell-off. “However, I still … [Read more…]
Bitcoin (BTC) held closer to $40,000 on December 3 after weekend gains reinforced a “strong” uptrend. BTC/USD 1-hour chart. Source: TradingView Bitcoin leaves $60 million hanging on shorts Data from Cointelegraph Markets Pro and TradingView showed a fresh BTC price surge, taking BTC/USD to new 2023 highs of $39,730. These built on the upward momentum … [Read more…]
A trader who hit the peak of Bitcoin’s (BTC) bull market in 2021 believes the crypto king will cause the most loyal bears to capitulate. The pseudonymous analyst Pentoshi shares with his 717,200 followers on the social media platform A Bloomberg analyst previously noted that the SEC is preparing to approve all spot-based Bitcoin ETF … [Read more…]
A closely followed crypto analyst is issuing a warning, saying Bitcoin (BTC) just sent a signal that suggests a selloff could be imminent. Crypto strategist Ali Martinez warns that Bitcoin’s Tom Demark (TD) Sequential indicator points to a possible corrective move. The TD Sequential indicator tracks a series of price points to indicate possible trend … [Read more…]