Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.
Data provided by TradingView shows that after rallying from $64,000 to $67,000 on Sunday, Bitcoin bulls picked up where they left off on Monday, pushing the top crypto from $67,000 to a high above $71,000 in the afternoon. “It is also worth noting that the current spike in volatility follows an unusually low volume and volatility period, making the recent fluctuations feel more pronounced,” Kaiko said.“U.S. real yields, as indicated by the 10-year inflation-protected securities , hit a yearly high of 2% last week before slightly retreating,” the report said. “Historically, rising yields have put downward pressure on Bitcoin prices, making risk assets less attractive compared to risk-free treasuries.
“If Bitcoin manages to turn the old All-Time High of ~$69,000 into new support then this ‘Re-Accumulation Range’ idea would be invalidated because price would be ready for price expansion into Price Discovery,” he added. “If, however, Bitcoin isn't able to turn ~$69,000 into support before the Halving… This Re-Accumulation Range could become a reality and would be in line with historical price tendencies around the Halving.
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: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: CryptoAmb - 🏆 22. / 68 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »