Market Wrap:’Elon Candle’ Impact Fades Quickly as Bitcoin Retreats Below $55K

Tesla got the market excited briefly, but bitcoin remains in possession mode.Bitcoin (BTC) trading around $54,771.18 as of 20:00 UTC (4 pm ET). Slipping 0.63% within the previous 24 hours.Bitcoin's 24-hour range: $53,577.33-$57,225.30 (CoinDesk...

Fidelity-Affiliated Fund Files for Bitcoin ETF

Peter Jubber, the managing director of Fidelity Digital Funds, serves as president of the trust.An affiliate investment giant Fidelity is seeking to offer a bitcoin (BTC, -8.56%) exchange-traded fund in the U.S. marketplace.A Wednesday...

Bitcoin Breaks Below Short-Term Uptrend, Lower Support Around $50K

Bitcoin's uptrend continues to slow after breaking short-term support.Sellers were busy during Asia hours, compelling bitcoin (BTC) under intraday trend support. The wider uptrend continues to slow, with much lower support about $50,000 and...

Bitcoin’s Risk-Reward Ratio Suggests Bull Run Has Plenty of Scope to Continue

Bitcoin's"reserve risk" metric suggests the cryptocurrency is nowhere close to a significant cost .Despite seeing its largest drop for a month in the previous 24 hours, bitcoin (BTC, -9.04percent )'s bull run is likely...

Cryptocurrencies may take Kind of Bodily bank notes

Cryptocurrencies will soon choose a physical arrangement, with a few of those suggestions for a concrete version of the money being suggested by none other than Larry Felix, a former manager of the Bureau...

Bitcoin may’take out’ past $53K lows before bulls regain control, says Dealer

A night of declines pressures bulls as liquidations mount up and $46,000 support looms large.Bitcoin (BTC) dropped to its lowest in a couple of weeks March 23 amid fears that bulls were running out...

Bitcoin rally slows as Swimmers Move wealth to retail investors

Crypto analytics company Glassnode has seen several indicators indicating Bitcoin's bulls might be slowing down.Analytics supplier Glassnode is reporting that present on-chain indicators indicate the Bitcoin bull market might be entering its later phases."The...

3 reasons why Bitcoin traders keep a close eye on the futures funding rate

Analysts often associate a top perpetual futures funding rate with economy crashes, but is this the ideal method to analyze the metric?Futures contracts trading has increased immensely over the past year, and proof of...

Bitcoin is’a Replacement for gold Compared to the Buck’ — Fed Chair Powell

Jerome Powell reiterates his view regarding Bitcoin as a golden replacement, but a sell-off communicates his other criticisms.Powell takes place with Bitcoin's financingWhen asked if he believed Bitcoin along with other cryptocurrencies introduced a...

Bitcoin Hunts in Turkey spike 566% Following Turkish lira drops 14%

Google hunts for Bitcoin (BTC) emanating from Turkey exploded from the previous 24 hours, following the value of the Turkish lira fell 14% after the shooting of a central bank .Based on statistics from...