Bitcoin is showing weakness as traders monitor unfilled technical gaps near the $90,600 level. In today’s “Chart of the Day,” presented by Crypto.com, CoinDesk’s Jennifer Sanasie explores why these CME “pricing gaps” often act as a magnet for price action and what they mean for the market’s next move.
Browsing CategoryBitcoin
Strategy ($MSTR) Jumps 7% On Positive MSCI News
Strategy shares (MSTR) jumped after MSCI decided not to exclude bitcoin-heavy firms from its indexes.
Venezuela rumored to hold $60B Bitcoin ‘shadow reserve’
If true, the claim could significantly reshape the global bitcoin market.
Crypto pig butchering kingpin who lost $15bn in Bitcoin to US gov. arrested in Cambodia
Chen Zhi has been arrested. The Prince Group chair is accused of helping run forced labour scam compounds and stealing billions of dollars worth of crypto. Zhi’s arrest will likely deal a significant blow to these operations.
Bitcoin’s slide deepens, dragging broader crypto market lower
Bitcoin (BTC-USD) fell further on Wednesday, extending losses from a day earlier and pulling down many major cryptos.
Brazilian presidential hopeful calls for launch of national Bitcoin reserve
Politician Renan Santos aims to become the Brazilian Bukele. He says a Brazilian Bitcoin reserve is already “feasible.” Santos says blockchain technology is a “cool tool” for fighting corruption.
Bitcoin Falls Despite JOLTS Job Openings Missing Expectations
Bitcoin has continued its decline today, having begun the year on a high, rising above $94,000 earlier this week. This latest decline comes despite the release of the November JOLTS job openings, which came in below expectations and strengthened the case for more rate cuts. Bitcoin Drops Amid JOLTS Job Openings Release
Bitcoin price news: BTC appears aimed at re-testing $90,000
Strategy is an outperformer following MSCI’s decision not to exclude the stock from its indices, but any positive reaction was muted by the decline in BTC.
Bitcoin Hitting All-Time High Every Year Has ‘Good Odds,’ Says Galaxy Executive, Claims All Institutions Should Buy
Bitcoin has strong odds of hitting new all-time highs each year, said a Galaxy executive, urging institutions to hold an allocation.
Bitcoin: What Comes Next, Boom Or Doom?
I called the top of bitcoin here last year at $120,000 or thereabouts, and much to the consternation of many, that is what we have seen so far.