Bitcoin is stuck in another trading lull. Will it take another three months to shake cryptos back into action? Traders bet volatility will come sooner.
Bitcoin and other cryptocurrencies were little changed Tuesday as digital assets looked to be settling into another trading lull. While the last such boring stretch lasted three months, traders are betting they’ll see volatility sooner than that.
“The narrow range has also become a hallmark of Bitcoin, which has been walking on a short leash of around $26,000 for the past eleven days. Such a lull usually ends with a boom in volatility, which is what we should expect this week,” said Alex Kuptsikevich, an analyst at broker FxPro. Kuptsikevich and others are betting that the current period of stability won’t last, especially with influential macro catalysts in the coming days, including the U.S. jobs report due Friday. The jobs report will be influential in shaping the Federal Reserve’s next move on monetary policy, with the outlook for interest rates remaining an important force for risk-sensitive assets like stocks and cryptos.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bitcoin Traders Remain Fearful of 'Tail Risk' Amid Renewed Price Lull: ObserversTail risk refers to the risk of an asst moving three standard deviations from its current price on the back of a rare event.
Consulte Mais informação »
Bitcoin traders pinpoint support levels as BTC price taps $26.2KBitcoin bulls need to hold the 200-week EMA, as BTC price gets a Wall Street boost.
Consulte Mais informação »
Charging Doesn't Have To Be Boring: 6 Cool, Weird And Funky Battery BanksKeeping your devices charged on the go doesn't have to be drab with these fashionable, cuddly and flexible battery bank options.
Consulte Mais informação »
Cardano (ADA) Price Analysis for August 25When can traders expect local rise of Cardano (ADA)?
Consulte Mais informação »
USD/TRY rebound fades near 26.50 as Lira traders eye Turkish GDP, US NFPUSD/TRY sticks to mild losses as it retreats to 26.50 heading into Monday’s European session. In doing so, the Turkish Lira (TRY) pair failed to exten
Consulte Mais informação »
Ripple (XRP), Chainlink (LINK), and Pomerdoge (POMD) Held By These TradersThe goal of every investor is to make maximum returns. Hence, the decision to sell or keep tokens is always crucial for every investor. Since the crypto
Consulte Mais informação »