The assessment coincided with BTC’s performance, especially in the last three months. The cryptocurrency has struggled to recover from the lower range, and price levels above $25,000 have now become a past narrative. BTC’s latest performance also indicated more affinity for price levels below $20,000.
Long-term investors have thus, been opting out of their positions to avoid missing out on short-term gains. Exchange reserves have increased on multiple occasions when miner reserves dropped, thus creating an inverse relationship. This is because the market has been treating miner reserve outflows as a signal to sell.Lately, miner reserves have also been heavily influenced by the need for miners to cover the costs of mining. They are thus, forced to sell at times regardless of BTC’s surge or drop. Macro factors also come into play as far as BTC’s price action is concerned.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cardano offers a risky buying opportunity, should ADA investors indulgeDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. ADA approaches support zone, low-risk buy with clear invalidation was present Bearish BTC meant the likelihood of further losses was high for ADA Bitcoin [BTC] dived beneath the $20k mark once again, after a decent […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Stolen Ollie the collie is back with his family thanks to keen-eyed SkyTrain attendantThe 10\u002Dyear\u002Dold dog, named Ollie, was snatched after his owner tied him up briefly outside a downtown Vancouver business on Tuesday Well, golly. I'd get banned if I said what I'd do to somebody that stole my family member. I'm so happy Ollie is home. Would love to see the perpetrator's face and know the name. Maybe give us their rap sheet.
Source: VancouverSun - 🏆 49. / 61 Read more »
Bitcoin may witness a short-term bounce that has everything to do with reservesBitcoin [BTC] has been attempting mid-week bounces for the last few weeks to break free of the ongoing bearish grip. The latest observations in the market suggest that a similar outcome might occur this week and here’s why. According to a Cryptoquant analysis conducted by MAC_D, Bitcoin reserves in the spot market dropped in the […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Uniswap [UNI] may slip to lower support levels as the lack of demand kicks inDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Uniswap halted at $6.7…again The lower timeframe was bullish, but demand was missing Buying opportunity at $5.5, or a deeper plunge? Bitcoin [BTC] stumbled beneath the $20k zone earlier this week after intense selling pressure […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Fantom posts 5% gains in the past day but can sellers seize the upper hand soonDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Fantom [FTM] appreciated nearly 7% from the lows of the previous trading day. The lower timeframe indicators pointed toward a bullish bias. Yet, caution was desirable, especially for buyers. Bitcoin [BTC] stood just beneath […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
What Bitcoin whales and Binance have in common should concern investorsBitcoin [BTC] whales seemed to have decided on relegating other stablecoins with their current preference for the Binance stablecoin, BUSD. According to Mignolet, a CryptoQuant analyst, on 27 September, the cryptocurrency exchange experienced its highest trading volume since June. According to the analyst, this was due to increased whale activity. Consequently, another noticeable aspect was […]
Source: CryptoAmb - 🏆 22. / 68 Read more »