CRYPTO NEWS - Crypto Market is in Green - BTC is Growing - ETH and BNB are Following
CRYPTO NEWS - Crypto Market is in Green - BTC is Growing - ETH and BNB are Following
00:01 Intro
01:12 Crypto News Today
02:08 Bitcoin News Today
03:15 Ethereum News
04:27 Bitcoin Technical Analysis
05:12 Bitcoin Price Prediction
09:44 Outro
Bitcoin (BTC) continued the second day of gains on Tuesday to hold over the $21,000 level in European hours in early signs of recovery. The surge came even as traditional financial firms Morgan Stanley(MS) and Goldman Sachs (GS) stated in client notes that recession risks were “not fully priced in.”
“The bear market will not be over until recession arrives or the risk of one is extinguished,” Morgan Stanley said in its note. Meanwhile, Goldman analysts said stock traders were pricing in a mild recession, “leaving them exposed to a further deterioration in expectations,” as per Bloomberg.
Some analysts like FxPro’s Alex Kuptsikevich said bitcoin managed to hold above the $20,000 round level on Monday amid weak trading activity due to the U.S. holiday. Bitcoin ended up “attracting enough speculative demand” to fuel movement in the past two days, he added.
Kuptsikevich remained unconvinced of a continued rally, however. “It will be too early to talk about a long-term reversal: all negative fundamentals remain. Until sharp monetary policy tightening becomes the norm, financial market pressures can quickly negate bounces in cryptocurrencies,” he told CoinDesk in an email.
Prices of Bitcoin fell below the $20,000 level last weekend in a move that marked a drop below previous highs for the first time in the asset’s history. The dynamics caused a record $7.3 billion in losses for bitcoin holders over the weekend, as reported.
Tuesday’s gains in bitcoin led to recovery among crypto majors. In the past 24 hours, ether (ETH) rose 6.4% to $1,130, while Solana’s SOL jumped as much as 15% amid a spike in transactions. Layer 1 tokens like Avalanche's AVAX and Polkadot's DOT added at least 8%, while total cryptocurrency market capitalization rose 5% to $914 billion, as per CoinMarketCap.
The relief, which started late on Sunday, came after volatile trading over the weekend as macroeconomic market conditions remained shaky.
00:01 Intro
01:12 Crypto News Today
02:08 Bitcoin News Today
03:15 Ethereum News
04:27 Bitcoin Technical Analysis
05:12 Bitcoin Price Prediction
09:44 Outro
Bitcoin (BTC) continued the second day of gains on Tuesday to hold over the $21,000 level in European hours in early signs of recovery. The surge came even as traditional financial firms Morgan Stanley(MS) and Goldman Sachs (GS) stated in client notes that recession risks were “not fully priced in.”
“The bear market will not be over until recession arrives or the risk of one is extinguished,” Morgan Stanley said in its note. Meanwhile, Goldman analysts said stock traders were pricing in a mild recession, “leaving them exposed to a further deterioration in expectations,” as per Bloomberg.
Some analysts like FxPro’s Alex Kuptsikevich said bitcoin managed to hold above the $20,000 round level on Monday amid weak trading activity due to the U.S. holiday. Bitcoin ended up “attracting enough speculative demand” to fuel movement in the past two days, he added.
Kuptsikevich remained unconvinced of a continued rally, however. “It will be too early to talk about a long-term reversal: all negative fundamentals remain. Until sharp monetary policy tightening becomes the norm, financial market pressures can quickly negate bounces in cryptocurrencies,” he told CoinDesk in an email.
Prices of Bitcoin fell below the $20,000 level last weekend in a move that marked a drop below previous highs for the first time in the asset’s history. The dynamics caused a record $7.3 billion in losses for bitcoin holders over the weekend, as reported.
Tuesday’s gains in bitcoin led to recovery among crypto majors. In the past 24 hours, ether (ETH) rose 6.4% to $1,130, while Solana’s SOL jumped as much as 15% amid a spike in transactions. Layer 1 tokens like Avalanche's AVAX and Polkadot's DOT added at least 8%, while total cryptocurrency market capitalization rose 5% to $914 billion, as per CoinMarketCap.
The relief, which started late on Sunday, came after volatile trading over the weekend as macroeconomic market conditions remained shaky.
