Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
Earlier this Thursday, the largest cryptocurrency slipped below the $65,000 level on major spot exchanges, according to data provided by CoinGecko. Over the past four hours alone, more than $37 million worth of long positions have been liquidated, CoinGlass sta shows. On Wednesday, Bitcoin bulls gathered enough strength to convincingly push the price of the largest cryptocurrency above the $67,000 level following dovish comments made by Federal Reserve Chairman Jerome Powell. In fact, Bitcoin even briefly managed to top $68,000 before retracing lower. However, this resistance level has proven to be very tough to crack.
With that being said, leading ETF analyst Eric Balchunas recently dismissed the impact of Grayscale's outflows on Bitcoin's price action, arguing that they are bigger forces in play. On top of that, he pointed to the fact that there was no direct correlation between ETF flows and the flagship cryptocurrency's price performance.
Ripple and SEC Jointly Agree to Seal Details in Remedies Briefing, Shiba Inu Team Member Expects New SHIB ATH Before BTC Halving: Crypto News Digest by U.Today
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.
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »