2023-5-14 17:25 |
BTC price falls below the 55-day support level at $27,000, but futures market resilience sparks hope for a recovery toward $28,000.
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BTC price falls below the 55-day support level at $27,000, but futures market resilience sparks hope for a recovery toward $28,000.
2023-5-13 17:25 | |
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| Analogue Notcoin - TapSwap |
The Ethereum price has followed Bitcoin’s lead and has seen a 10. 3% price increase over the past seven days. News of BlackRock’s Bitcoin spot ETF filing with the US Securities and Exchange Commission took the entire market by surprise and also breathed new life into altcoins.
BTC price falls below the 55-day support level at $27,000, but futures market resilience sparks hope for a recovery toward $28,000.
Bitcoin (BTC) traders have experienced a tough week as the cryptocurrency dipped below $30,000, causing panic among traders who shorted Bitcoin in the hope of the asset’s price moving upwards. According to data provider Coinglass, many traders are counting their losses, and a record of approximately 87,977 traders have liquidated over the past 24 hours, totaling $291 million and counting.
The ETH futures premium turned bearish and the network's TVL dropped 22% from its peak, but how is this impacting pro traders’ sentiment?
Multiple factors are pushing BTC price below $40,000, but derivatives data shows pro traders are neutral, and holding out hope for a quick trend reversal.
The Shark Tank star discussed Bitcoin, layer-1 cryptocurrencies and the future of crypto adoption in an exclusive interview with Cointelegraph.