Fake rally or the end of the downtrend? The crypto market's bizarre reaction leaves investors puzzled
Bitcoin's reaction to the official recession confirmation and another large rate hike is bizarre, considering the initial movement of the asset on the market after we saw the first rate hike. Back then, the cryptocurrency market entered a strong downtrend that resulted in a 40% retrace and the prolonged consolidation that we are seeing today.
The swift pump to $23,000 may have been a massive misleading indicator for beginner investors that would consider a price increase during a bad macro environment as the end of the bear market and a return to"normal conditions."Unfortunately, fundamental metrics like trading volume, market inflows and other indicators that track the behavior of larger investors that actually shape the cryptocurrency market are still showing signs of a bear market.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
SHIB Posts Modest Price Gains as Ethereum Whales Load up on 534 Billion SHIBICYMI: ShibaInu is trading in green as two Ethereum whales purchase nearly 534 billion $SHIB SHIB SHIBArmy
Consulte Mais informação »
Institutions sold $5 billion bitcoin for the past two months. Where will the crypto head next?Institutions have sold more than 236,000 bitcoins over the past two months, or almost $5 billion worth of the crypto based on bitcoin’s recent price.
Consulte Mais informação »
Ethereum options data show pro traders ready to go long into ETH’s MergeEthereum price is expected to struggle at the $1,600 resistance level again, but noshitcoins says ETH options data reflects traders' willingness to be long on the upcoming Merge transition.
Consulte Mais informação »
Bitcoin mining stock report: Wednesday, July 27Here's how crypto mining companies performed on Wednesday, July 27.
Consulte Mais informação »
Bitcoin mining stock report: Tuesday, July 26Here's how crypto mining companies performed on Tuesday, July 26.
Consulte Mais informação »
Ethereum Reaches New Important Milestone Ahead of Merge EventICYMI: Ethereum hits a new all-time high in daily active addresses, with their number 48% higher than the previous record $ETH ETH
Consulte Mais informação »