Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
Tech stocks climbed higher after a round of positive earnings from tech companies, which helped the technology-heavy Nasdaq Composite finish the day up 3.25%, while the S&P put on a gain of 1.47% and the Dow closed down 0.12%. The price point that would represent the Macro Downtrend next month is ~$24600$BTC #Crypto #Bitcoin pic.twitter.com/kzOA315bv9
“If history repeats, there's a chance February won't be exciting for BTC,” Rekt Capital wrote. “But March could be as Macro Downtrend would be tested. March could be the Macro Downtrend breakout month.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin: Will institutional interest be BTC’s savior?CME Open Interest in Bitcoin grew, implying a decline in volatility. Miner revenue fell while selling pressure increased. According to a 31 January tweet by Arcane Research, Bitcoin’s [BTC] rally was slowing down. Despite this, institutional interest in Bitcoin continued to grow. Ahead of the curve – Jan 31 Bitcoin's momentum has come to a […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin [BTC]: A tale of how short traders caused a price rally in JanuaryBTC saw a huge number of short trader liquidations in the last month, hence the price rally. With waning buying pressure, BTC’s price might soon suffer a correction. In January 2023, Bitcoin [BTC] markets experienced their strongest monthly performance since October 2021, with a year-to-date (YTD) increase of over 43%. Glassnode, in a new report, […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin Feb. 1 daily chart alert - Bulls maintaining their advantage
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Assessing if Bitcoin [BTC] traders will change their tune after FOMCBitcoin traders’ decision to open short or long positions could depend on the FOMC outcome. Whales have been taking profits since 17 January but the tides might change. Historically, the Federal Open Market Committee (FOMC) conclusion has had several impacts on Bitcoin’s [BTC] price. In most cases, the decision to increase interest rates leads to […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin hits a high of $23,815 as the Fed decreases its pace of interest rate hikesAsset prices across the crypto and traditional markets were higher on Tuesday after the Fed raised interest rates by 25 basis points, aligning with the expectations from the market.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Markets don’t believe Powell- Look at Bitcoin’s likely move in FebruaryThe FOMC meeting on 1 February was perhaps the most anticipated event in the investment landscape. This includes the cryptocurrency market, hence the heavy expectations, especially among Bitcoin investors and enthusiasts. Is your portfolio green? Check out the Bitcoin Profit Calculator The biggest question of the day was whether the Federal Reserve (Fed) […]
Source: CryptoAmb - 🏆 22. / 68 Read more »