Bitcoin price strength intensifies as risk-loving traders bring volume back to the crypto market

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Bitcoin price flexes its muscles as on-chain data, trading volumes and favorable macroeconomic data lure traders back into the crypto market.

Trading volume increases coincide with profits returning

Reversing a trend that started in May 2022, the on-chain realized profit and loss ratio for BTC is up over the 1.0 level, hitting 1.56 profits over losses on Jan. 16, 2023. Bitcoin’s 30-day correlation to the Nasdaq reached 0.29 on Jan. 17, 2023 the highest BTC divergence from equities since December 2021.

Now that institutional investors and growth companies are holding less Bitcoin, correlation to markets may lessen in the future.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 562. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

✅ Price up ✅ Volume up ✅ Positivity up 🤷‍♂️ Bull trap?

when are you changing company name to davostelegraph?

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Following Recent Highs – Market Updates Bitcoin NewsBitcoin consolidated on Jan. 16, as U.S. markets closed in celebration of the Martin Luther King Jr. Day holiday celebration. Show be do it Using Chiefrafba for signals and analysis I have a 92% win rate in 2 months Bart, go away, it's just Monday!
Fonte: BTCTN - 🏆 531. / 51 Consulte Mais informação »