A week-long pattern of daily lower highs suggests bulls will be unable to flip $43,000 to support and this could weigh on the fledgling recovery seen across many altcoins.
Even in a red market, solid gains can be made. Here’s how Cointelegraph’s unique trading tools highlighted the assets with the strongest historical outlook.
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While the long-term sentiment remains bullish, traders warn that BTC must hold the $41,000 support to avoid a sweep of the $38,000 level.
$700 million in BTC options expire on Friday, and derivatives data signals that bears are positioned to profit from a sub-$45,000 Bitcoin price.
Data shows that crypto holders are increasingly shifting to DeFi protocols and DEXs as China continues its cryptocurrency crackdown and fears of heavy-handed regulation scare US-based traders.
Any sellers that list crypto miners or relevant products on Alibaba’s platforms after Oct. 15 will face significant penalties.
The venture fund led by David Gan is backed by Digital Currency Group, Galaxy Digital, Huobi Ventures, Bybit’s venture arm and others.
Bitcoin’s strong recovery to $49,000 has boosted bullish sentiment and it may provide further incentive for LUNA, ATOM, XTZ and AXS to rally in the short term.
ROSE, AXS and ICX notched 20% gains after bulls took control of the market and sent BTC price above $47,500.
Historical data suggests that October is a good month for Bitcoin bulls, and the push above $47,600 on Oct.1 could be a signal of what’s to come for BTC and altcoins.
Correlation does not imply causation, but these three indicators did signal prior to Bitcoin’s recent push to $49,000.
Bitcoin bulls have set their sights on $50,000 and this renewed push is also boosting large and small-cap altcoin prices.
AXS, CVP and POLS lead altcoins higher while Bitcoin bulls search for a way to reclaim the $50,000 level.
A growing list of mainstream financial entities have continued to increase their exposure to crypto over the last year or so.
Decentralized finance is approaching $200 billion in total value locked, with DEXs accounting for a significant share of the market.
UNI, the native governance token of Uniswap, surged immediately after the Uniswap V3 announcement.
The major American theater chain wants to let customers buy movie tickets with crypto by 2022.
On paper, EOS has great fundamentals, but derivatives markets suggest traders don’t feel the same about the altcoin’s price potential.
With significantly lower transaction costs and faster transaction speeds, could Solana be the most dreaded Ethereum killer?
Bitcoin has surged above the overhead resistance and that has pulled several altcoins higher.
After several hesitant months, altcoins are now outpacing the flagship asset.
Bitcoin and select altcoins are facing selling at higher levels, indicating that short-term traders may be booking profits after the recent rally.
Bitcoin could pick up momentum above $56,100 and that could attract buying in DOT, UNI, LINK, and XMR.