Bitcoin's downturn: Insights into market sentiment and potential volatility ahead
Bitcoin experienced a downturn below $62,000, influenced by profit-taking, regulatory concerns, inflation, and traditional market fluctuations. [ more ]
Near Record High Funding Rate Suggests Bitcoin Pullback Not Over
Bitcoin recently hit a record high above $73,500 and retraced to $67,600, with potential for new highs indicated by positive funding rates.
High funding rates suggest dominance of long traders in the market, but historical data shows caution as similar rates in the past led to price drops. [ more ]
EUR/USD expectations amid dollar weakness and key market data releases
The EUR/USD pair surged to a monthly high near 1.0856 amid weak U.S. inflation data, reflecting market sentiment on the impact of upcoming Fed policy changes. [ more ]
Growing interest in Bitcoin from mainstream media and individuals is signaling the start of a bull market.
The shift in social media conversations and text messages from 'What is Bitcoin?' to 'How do I buy it?' is a clear indication of market sentiment. [ more ]