Grayscale on selling spree as Bitcoin correlation to equities market deepens
Grayscale gigantic Bitcoin trust is falling at a rate faster than the recent drop in the price of the leading cryptocurrency. Grayscale Bitcoin trust has plunged roughly 20% in less than a week compared to a 13% dip in BTC. On the other hand, the cryptocurrency correlation with the equity market is hitting new levels. With the equities market on a downward spiral, Bitcoin may continue with the dip to $38,000. Read more...
DOGE bullish failure could cause a 20%-to-40% correction
Dogecoin price shows a failure to hold above the bull flag’s breakout point at $0.055. This lack of buying pressure has caused a pullback into the consolidation zone. Now, DOGE faces a bearish outlook that could result in a steep correction. Read more...
UNI whales major exodus ahead of 74% downswing
Uniswap has hit another barrier at $28, cutting short the recovery staged from $18. The mission to gain ground to the all-time high of around $34 has been abandoned, with losses extending toward $20. UNI is trading at $22 after losing a couple of key support zones, likely to flip into intense seller congestion areas. Read more...
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Ripple is now only 3% away from becoming a bigger entity than Binance Coin
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Bitcoin remains steadfast on the higher timeframe, amid news that spot BTC exchange-traded funds (ETF) discussions are now at the technical stage of approval. Specifically, talks with Spot BTC ETF issuers have advanced to key technical details, with Reuters indicating that it could signal a shift toward a potential approval.
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