|Day's range||15,725.43 - 15,991.21|
|52-week range||4,230.79 - 19,765.04|
|Volume (24 hrs)||7.30M|
|Volume (24 hrs) all currencies||4.78B|
The bulls once again supported Bitcoin without letting it drop below $9,700. At the beginning of the week, Bitcoin got a new impetus for growth due to the news from Bakkt, which received permission to launch delivery futures.
It’s another mixed start for the majors as Bitcoin struggles to break through to $11,000 levels. A lack of direction will add pressure on the majors.
A mixed morning tests investor resolve as Bitcoin looks to avoid another heavy loss to limit the downside for the week. The bulls need $10,250.
It’s another bearish start to the day for the majors. Heavy losses in the current week could test investor sentiment if key levels are not hit later this morning.
Since August 10, BTC has been squeezed in a narrow range of around $11,400 and so far it experiences difficulties with determining the further direction. The current price dynamics are taking place against the background of the decline in trading volumes: according to CMC, over the last 7 days they have fallen by 42%. This may indicate a temporary loss of interest of investors, who prefer to stay aside waiting for new impulses.
The crypto bears are looking to take August, following a July pullback. It’s not panic stations yet, as Bitcoin steers clear of sub-$11,000…
Bitcoin gives the broader market a boost early on. The bulls will need to a return to $12,000 levels for the majors to cut the current week losses.
The majors are on the move early as the bulls look to claw their way back from a Friday meltdown. Bitcoin will need to support, however…
Investors are concerned with collapsing growth expectations across the globe. While cashing out is very tempting, Kim Forrest of Bokeh Capital, explains why that's a terrible idea.
The crude oil markets broke down significantly during the trading session on Wednesday, as several central banks around the world cut rates overnight. Because of this, there are serious concerns about the possibility of global growth.
It’s back into the red for the majors after a bullish Monday and Litecoin’s halving event. The majors could see heavier losses if key levels aren’t hit…