MARKET WRAP: Bitcoin $BTC is roughly flat over the past week, although option traders have hedged against further price drops. And long-term holders are taking profits.
Ten-year Treasury yield daily close: 2.96%
The chart below shows the recent decline in the cost basis of long-term holders overlaid with the average selling price . Currently, about 70% of all BTC holders are in profit . In previous crypto bear markets, between 45%-57% of the market was in profit, according to Glassnode's data, which suggests more time before a price low is reached.Some traders are betting on higher short-term volatility because of the uncertainty over BTC's price direction and lingering macroeconomic risk.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bitcoin, Ethereum Technical Analysis: BTC Below $40,000 Prior to Wednesday’s Fed Meeting – Market Updates Bitcoin NewsBTC continued to trade below $40,000 prior to Wednesday’s FOMC meeting, as crypto markets anticipated a potential rate hike.
Leer más »
Fed ‘will determine the fate of the market’ — 5 things to know in Bitcoin this weekBitcoin is looking to move on from a historically bad April, but the U.S. Federal Reserve could determine its next direction. (Reporting via WilliamSuberg)
Leer más »
Bitcoin Taps $39K, NEAR Protocol Soars 12% (Market Watch)Bitcoin and most altcoins have bounced off after yesterday's bloodshed. NEAR has gained the most from the larger-cap alts.
Leer más »
SpaceX’s Crew-3 astronauts wrap up six-month ISS mission | Digital TrendsSpaceX’s Crew3 astronauts are fast approaching the end of their half-year stay aboard the InternationalSpaceStation.
Leer más »
Derivatives, Spot Markets, Dex Swaps — 30 Day Crypto Trade Volumes Slipped Across the Board Last Month – Market Updates Bitcoin NewsCrypto trade volumes in April dropped, and lower than average trade volumes typically suggest overall interest has declined.
Leer más »
Biggest Movers: ALGO Boosted by FIFA Partnership News, as AVAX and Near Rise Higher – Market Updates Bitcoin NewsALGO was up by nearly 20% during today’s trading session, following the news of a partnership with Football’s governing body, FIFA.
Leer más »