Digital assets have decoupled from the risk revival in traditional markets in the aftermath of FTX's collapse.
Yet, bitcoin's dominance rate has held steady at around 40%, which could represent an exodus of investors from the market. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
cryptocom Stable coins
cryptocom bitcoins dominance rate doesn’t mean anything because everyday new worthless scam coins are created to steal people’s money. It’ll make sense once a handful of coins will survive and compete for the crypto environment, and even though bitcoin is not crypto.
cryptocom That can only mean one thing: the bottom is not in yet🙅🏻♂️
cryptocom Bottom Signal!
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:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Blackrock CEO on FTX Collapse: Most Crypto Companies Aren't Going to Be Around – Featured Bitcoin NewsThe CEO of Blackrock, the world's largest asset manager, says that most crypto firms will not be around following the collapse of FTX. 333Crypto Legend
Source: BTCTN - 🏆 531. / 51 Read more »
Standard Chartered forecasts ‘surprise’ Bitcoin downside after FTX collapseStandard Chartered chief strategist weighs-up worse-case scenario for Bitcoin in 2023 despite contrasting outlook. What I have learnt about forecasts all these years is that one of the forecasters / economists / strategists will be right… the rest will be wrong but we will still hear about their forecasts the next round… Both, with a margin of error of 20%. Lots of speculators, but don't count your chickens before they hatch
Source: Cointelegraph - 🏆 562. / 51 Read more »
Bitcoin Hash Ribbon Metric Fails for the First Time Following FTX CrashThe metric flashed a buy signal a few months back but has failed to capitalize for the first time.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Bitcoin holds above $17,000, and FTX contagion spurs more crypto layoffs: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, FTX customer Evan Singh Luther says he has $2 million dollars stuck on the crypto exchange and reacts to Sam Bankman-Fried's first public statements on video since its collapse. Pump it harder. Slow day at CNBC? Like saying AAPL held above $150 today until it didn't.
Source: CNBC - 🏆 12. / 72 Read more »
Crypto Markets Today: FTX Fallout Hits Maple Finance; Bitcoin DeclinesOrthogonal Trading received a default notice for a $36M debt on Maple Finance. Nexo to depart from the U.S. after regulatory discussions hit a “dead end.” $BTC's price dropped below $17,000 while the S&P 500 index closed down 1.79%, _jocelynyang_ reports _jocelynyang_ It doesn't upset me, it's another opportunity to spend more usdt to buy bitcoin
Source: CoinDesk - 🏆 291. / 63 Read more »
Bitcoin, Ethereum Technical Analysis: BTC Races to 3-Week High on Monday – Market Updates Bitcoin NewsBitcoin was trading above $17,000 on Monday, as the world’s largest cryptocurrency raced to a three-week high. climb to freefall It may be a sign of bull trend. If bitcoin starts trending, other significant cryptos like eth and some others will do the same. It is time to catch the dips. Bitcoin will definitely recover by the end of December. That's why I'm keeping a long on bitfinex open
Source: BTCTN - 🏆 531. / 51 Read more »