Market Wrap: Cryptocurrencies Pull Back in Light Trading

"After spending almost three months in a state of fear and misery, the more comfortable 'Greed' area should be highly welcomed by tired [bitcoin traders]," Arcane Research wrote in a Tuesday report.

The last time the index rose from extreme lows was in July, which preceded a price rally. This time, however, the rise in BTC occurred on low trading volume, which indicates weak buying power. That could point to a short-term pullback or range-bound price action, especially as regulatory and macroeconomic headwinds remain.

"Towards the downside, $40,000 is the most important support level to pay attention to in the coming days," Arcane wrote.The chart below shows the recent pullback in ether relative to bitcoin, or the ETH/BTC price ratio. Over the past week, during the crypto rally, ETH's return has trailed BTC by about 1%. Despite the small return gap, technical breakdowns in ETH/BTC suggest relative weakness could persist over the short term.

The project that will mark 2022(what have we done and what will we do?) =}DexiWallet☑️(Wallet app ) =}DxgGameEmporium☑️(Game app) =}DexiHunter(coming soon) =}Nft marketing and much more. dxg dexioprotocol $DEXI dexioprotocol

Pitbull the best token. Pitbull is 470k+ holders. Come on join us! BscPitbull

Moon Vault, an exciting new Multichain Yield Aggregator. 📓Brewlabs Audit & Rugdoc KYC 🎯Intuitive UI and transparency in community 💰Vaults with only 4,5% profit fee ⛓Chains: BSC, Polygon, Fantom, Harmony, Cronos 🔐Vault examples: BANANA (APY 263.08 % 📱Telegram: Moon_Vault

xrdoge xrdogeArmy let's goooo, buckle up.

When will you talk about Pitbull token? 460K holders sounds cool, yeah? 😎 pitbulltoken

Am I the only one that first thought that was the Lombardi Trophy?

The BSCGem award goes to GalaxyGoggleDAO $GG Big month ahead for $GG - Game in Development - Funded a movie! - NFTS completed and dropping soon! Binance Kucoincom gate_io BittrexExchange

❤️❤️❤️🔥🔥🔥💖💖💖💙💜💝💝💝

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate After Monday’s Surge – Market Updates Bitcoin NewsCrypto markets marginally consolidated on Tuesday, following yesterday’s price surge which saw BTC and ETH both rally to multi-week highs. Last week, BTC lost $33200 as support This week, $BTC is trying to claim it back as support Crypto Bitcoin break out soon However, everyone should be following Cec2727 she has great insights, tweets, Tips & great TA on Bitcoin I’ve been taking them seriously Follow her Minato is Life Changer:Join us now 👀 The best CEO👉 ShibaMinato Minato_Kanji Minato MinatoMindset MinatoArmy MinatoDao TheMinatoWorld MinatoMetaverse MinatoEcosystem MinatoWay MinatoWays MinatoSpirit MinatoLifestyle MinatoYouAreNotAlone
แหล่ง: BTCTN - 🏆 531. / 51 อ่านเพิ่มเติม »

Market Wrap: Bitcoin Rally Strengthens as Trader Sentiment ImprovesMARKET WRAP: Bitcoin $BTC is in rally mode, although trading volume remained low on Monday. Some analysts expect upside over the short term, albeit with caution. Hey everyone！ Elon musk's Rocket doge Coin are here！ 🔥METANFT SHILLING COMPETITION🔥 Start from now to Feb 9. Follow social media and invite friends WINNERS 1. 1 WL SPOT AND 500 USD 2. 1 WL SPOT AND 200 USD 3. 1 WL SPOT AND 100 USD 4. 1 WL SPOT AND 50 USD 5.1 WL SPOT AND 10 USD More competitions are coming soon! TG: MFTAIO
แหล่ง: CoinDesk - 🏆 291. / 63 อ่านเพิ่มเติม »

Crypto Market Cap Reclaimed $2T: Bitcoin Reached 30-Day High Above $45K (Market Watch)In the past 24 hours, BTC topped $45K and corrected, while the entire market cap managed to reclaim the coveted $2 trillion level. 🔥Bnb Floki Inu🔥 💰💰💰💰💰💰💰💰💰💰 🛡 Contract Verified 🛡 Huge Marketing 🛡 Safu 🛡 Anti Rug 🛡 Kyc & Audit Telegram : bnbflokiinu
แหล่ง: Crypto_Potato - 🏆 568. / 51 อ่านเพิ่มเติม »

U.S. rate hikes could hit highly dollarized emerging market banks -Moody'sBanks in Latin America and emerging Europe are most exposed to dollarization among developing economies, making them vulnerable to weaker local currencies and increasing withdrawals in the face of tighter U.S. monetary policy, Moody's said on Monday.
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »