Amazing Crypto

Category: Price Watch

  • Correlation between Bitcoin and S&P 500 hits a 10-month low

    The correlation between Bitcoin (BTC) and the S&P 500 reached a 10-month low, according to Santiment. Historically, this has been a bullish sign for the dominant cryptocurrency. A low correlation with the S&P 500 is an optimistic factor for Bitcoin because it means BTC is not trailing the broader risk-on market. Analysts at Santiment said:…

  • Correlation between Bitcoin and S&P 500 hits a 10-month low

    The correlation between Bitcoin (BTC) and the S&P 500 reached a 10-month low, according to Santiment. Historically, this has been a bullish sign for the dominant cryptocurrency. A low correlation with the S&P 500 is an optimistic factor for Bitcoin because it means BTC is not trailing the broader risk-on market. Analysts at Santiment said:…

  • Why this leading trader is hesitant to build a Bitcoin short position here

    From a technical perspective, Bitcoin is bearish, according to many traders. On-chain trends, which show that miners and other large players have begun to liquidate their holds, have also begun to show that there is reason to believe Bitcoin may retrace. But multiple analysts have commented that there’s a crucial reason why they’re hesitant to…

  • Why Bitcoin traders pinpoint $17,000 as the next logical bottom

    Why Bitcoin traders pinpoint $17,000 as the next logical bottom

    The Bitcoin price has been declining throughout the past four days. Ever since its rejection at $19,420 on December 7, the dominant cryptocurrency has struggled to see renewed momentum. For most traders, the $18,500 and $18,000 support levels were key to hold BTC’s short-term bullish market structure. Throughout December, at least until the recent correction,…

  • Bitcoin bull case validated again as new trillion-dollar stimulus programs roll out

    Bitcoin has stagnated over the past few days after peaking at $19,950 at the start of December. It currently trades for $18,200, stuck in a consolidation range between $18,000 and $19,500. Chart of BTC’s price action over the past six days. Source: BTCUSD from TradingView.com Some have begun to fear a correction due to technical…

  • Here’s why options investors may be bearish on Bitcoin

    Here’s why options investors may be bearish on Bitcoin

    Investors in the Bitcoin options market could be turning slightly bearish in the near term, order books show. In the options market, the value of call options rises when the price of an asset appreciates. In contrast, the value of put options increases when the price of an asset falls. Essentially, a call option is…

  • 1% of all ETH is now staked on Ethereum 2.0’s beacon chain

    1% of all ETH is now staked on Ethereum 2.0’s beacon chain

    Over 1% of Ethereum’s circulating supply is now locked up on the project’s new beacon chain, just one week after its launch. The chain, part of a broader, multi-phase move to a proof of stake mechanism design, holds over 1.15 million ETH from 3,215 depositors as of Monday. The amount is cumulatively worth over $683…

  • Why Bitcoin analysts are expecting weeks of consolidation or correction

    Why Bitcoin analysts are expecting weeks of consolidation or correction

    The price of Bitcoin is still hovering over $19,000, but on-chain analysts expect weeks of consolidation or a correction to occur. Bitcoin has shown resilience in recent weeks, yet has struggled to break past the all-time high at $20,000 with strength. With many sell orders stacked up between $19,500 and $20,000, analysts expect consolidation to…

  • Bearish on-chain trend seen at Bitcoin’s 2019 peak of $14,000 returns

    After falling as low as $16,000 last week and retesting $19,900 yet again, Bitcoin has begun to consolidate in the range around $19,000. Intraday volatility has dropped massively as investors are divided over what comes next for the leading crypto asset. Altcoins have been enjoying this consolidation, with certain names in the decentralized finance space…

  • Ex-Goldman Sachs executive with 98% of his net worth in crypto warns of strong Bitcoin correction

    Raoul Pal, CEO of Real Vision, has become one of Bitcoin’s loudest supporters over recent months. After diving back down the crypto rabbit hole in 2018 after first finding Bitcoin in 2012 or 2013, Pal has advocated for cryptocurrencies through multiple outlets: through his Twitter account followed by over 200,000, in Bloomberg interviews, and through…