Bài đăng

Hiển thị các bài đăng có nhãn profit-taking

Who Flipped The Switch? Bitcoin STHs Accumulate While LTHs Take Profit

Hình ảnh
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Latest Market Overview 26th Aug: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA

Hình ảnh
The Bitcoin market and altcoins are experiencing some profit-taking today, though the overall upward trend remains intact. Bitcoin has rebounded strongly from its August low of $49,000. However, historical data suggests that the recovery might not continue through September. According to CoinGlass, Bitcoin has averaged a 4.78% decline in September since 2013. Over the past seven years, Bitcoin has seen a positive monthly return only in 2023. However, investor interest in Bitcoin-related exchange-traded products (ETPs) remains strong. CoinShares’ latest report indicates that Bitcoin-related ETPs attracted $543 million in inflows last week. Daily cryptocurrency market performance. Source:  Coin360 The Bitcoin market has largely been stuck inside the $55,724 to $73,777 range for several months, indicating a tough battle between the bulls and the bears for supremacy. The longer the time spent inside the range, the greater the force needed for the price to ...