Bitcoin, Ethereum Strong and Dogecoin Slip: Analyst Sees End of Crypto Winter if These Two Things Happen During Earning Season – Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD)

The two biggest pieces were in the green evening on Sunday as the global cryptocurrency market cap rose 0.5% to $921 billion at 9:25 PM ET.

Major currency price performance
Currency 24 hours 7 days price
Bitcoin Bitcoin / US Dollar 0.4% -1.55% $19197.35
Ethereum ETH / USD 1.8% -2.3% 1,302.79 USD
Dogecoin DOGE / USD -0.6% -5.75% 0.06 dollars
Top 24 Hour Gainers (data via CoinMarketCap)
Cryptocurrency Change by 24 hours (+/-) price
Kasper (CSPR) + 21.1% $0.05
artificial (SNX) + 8.8% $2.26
waves (waves) + 5.4% $3.48

See also: Best investment apps

why does it matter: Bitcoin And the Ethereum US stock futures are also up at the time of writing, ahead of a new trading week.

Next week will be packed with earnings from US companies, which are grappling with record inflation and fears of a looming recession.

OANDA Senior Market Analyst Edward Moya He said in a recent note, seen by Benzinga, that Bitcoin has held up well amid the recent turmoil seen on Wall Street.

“Risk aversion is running rampant and Bitcoin is not breaking. Expectations for a Fed rate hike are on the rise and Bitcoin is still holding the $19,000 level,” Moya said.

Moya notes that a period of bitcoin stability is “good news” for long-term bulls. “High-frequency trading systems and hedge funds have their favorite shortcomings, and at the moment bitcoin appears to be a long-term bet for many.”

“If US stocks dip below 3600 this earnings season and bitcoin doesn’t break below summer lows, the crypto winter could officially end,” the analyst said.

Alternative.me’s ‘Crypto Fear & Greed Indicator’ indicated that ‘extreme fear’ is moving forward into the new trading week. The index is at 20 at the time of writing, while last week it was at 22. A value of 0 means “extreme fear”, while 100 represents “extreme greed”.

Michael van de Poppe He tweeted, “A great week is coming.” The Amsterdam-based cryptocurrency trader said that markets and technical analysis shows that “a big move is about to happen.”

Van De Poppe said that Bitcoin is “squeezing” and preparing to “breakout” above the $19,600 level.

Bitcoin Funding Rates – Courtesy CryptoQuant

An analyst at the community analytics platform noted that metric values ​​are “significantly low” compared to 2019-2021, indicating a “massive lack of demand and activity in the futures market.”

The analyst said the funding rate “should be closely monitored in the short term as potentially severe negative values ​​increase the potential for short stress and could cause a cryptocurrency price reversal.”

On the Ethereum side, titles of sharks and whales holding 100 to 1 million ETH have fallen by 3.3 million ETH in the past weeks, on Twitter saint. The market intelligence platform said this equates to approximately $4.2 billion in “dumped coins.”

The price of the asset vs. [Bitcoin] have ebb and flow based [the] behavior of these key stakeholders.”

read the following: Bitcoin Volatility Less Than Stocks: Boon or Doom?


#Bitcoin #Ethereum #Strong #Dogecoin #Slip #Analyst #Sees #Crypto #Winter #Happen #Earning #Season #Bitcoin #BTCUSD #Ethereum #ETHUSD #Dogecoin #DOGEUSD

Leave a Comment

Your email address will not be published. Required fields are marked *