Bitcoin starts the week near $8800; these levels are below the 50-day average, where the first cryptocurrency failed on Friday. Staying at this mark makes us cautious about the immediate prospects of Bitcoin. It is noteworthy that over the previous week, the course was unable to develop a growth impulse, climbing above this level. This decline may be evidence of the predominance of bears.
The battle was decisive as opposed to cryptocurrency.
On November 8, Bitcoin fell under $9000 price line on the high trading volumes. According to Skew, on Friday, the positions on $109.1 million were liquidated on the BitMEX exchange. The number of monthly futures traded on Bakkt was updated in 1741.
Meanwhile, David Hinrikus, the CEO of payment system TransferWise, made a loud statement that “we can talk about the death of bitcoin: it is not in demand, and no one uses it.”
The FxPro Analyst Team
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
This website uses cookies
