MARKET WRAP: Bitcoin $BTC is approaching the middle or late stage of a bear market phase, according to some indicators, and $30K is just another tightrope.
Ten-year Treasury yield daily close: 2.97%
Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index ; Ether is the CoinDesk Ether Price Index ; Gold is the COMEX spot price. Information about CoinDesk Indices can be found atMost indicators suggest bitcoin is approaching the middle or end of a bear market. For example, the realized price model, which is an estimate of the average cost basis of all BTC in supply, is $23,600.
"Historically, the overall market cost basis or realized price has been a very sound cycle support level, with 84.9% of bitcoin trading days closing above this level. In other words, only 15.1% of trading days have closed below the realized price," Glassnode, a crypto data firm, wrote in aTo confirm a low, BTC would need to return above the realized price level, similar to what occurred at the end of previous bear markets.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Green Market Watch: Bitcoin Reclaims $30K, Cardano (ADA) Explodes 14%The entire crypto market has turned green now, with bitcoin jumping above $31,000 and ADA soaring by double-digits.
Leer más »
Crypto Markets Shed $80 Billion as Bitcoin Crashes Below $30K (Market Watch)Yesterday's green market was short-lived as bitcoin and all altcoins have dumped hard today, with the total market cap declining by $80 billion.
Leer más »
Bitcoin, Ethereum Technical Analysis: ETH Plunges Below $1,800 as Red Wave Intensifies – Market Updates Bitcoin NewsFollowing a move towards $32,000 to start the week, BTC was fighting to stay above $29,000 during Tuesday’s session.
Leer más »
Bitcoin, Ethereum Technical Analysis: BTC Surges Above $30,000 to Start the Week – Market Updates Bitcoin NewsFollowing a weekend which saw bitcoin trading mainly in the red, prices rebounded to start the week. ETH surged 6% on Monday.
Leer más »
Biggest Movers: SOL Slips 10% as Crypto Bears Return to Action – Market Updates Bitcoin NewsSOL neared a ten-month low on Tuesday, as bears returned to crypto markets during the session. AVAX also declined.
Leer más »
Bitcoin rises after snapping longest ever losing streak as investors seek a market bottomBitcoin rose over the weekend as cryptocurrency investors continue to look for a bottom following a rough two months of selling.
Leer más »