Bitcoin stays higher after stocks propel BTC price toward $42K

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Bitcoin cools after a spike to $42,000 with the weekend still to play out.

, signs had already been circulating that an uptick was due, thanks mainly to the time-tested relative strength index breaking a two-month downtrend in late January.

"Probably worth mentioning price is at historic levels of oversold to on-chain demand/supply, and the futures traders have halted their sell-down," statistician Willy WooTurning to sentiment, the sense of caution characterizing the market since November's $69,000 peak remained.According to the Crypto Fear & Greed Index,"fear" was still the overriding emotion among market participants, even after the price jump.

The Index, which uses a basket of factors to produce a nominal sentiment score from 0-100, measured 33 at the time of writing, having spent most of January below 25 — the"extreme fear" zone. Nonetheless, the last time that the Index was so high was almost six weeks ago, just after Christmas.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

Invest in the World's best innovative startups With your crypto yes they are accepting Investments in crypto now, but soon will be accepting crypto payments for houses too PaoloMBTiramani CEO GalianoTiramani Co-founder Director

Great dexfolioapp 🤩 Just $DEXF app; 🤜Basic, useful and stable 🤜Intelligent alert system 🤜Multi wallet & Multi chain 🤜Profit&Loss analysis 🤜Scam tokens detection 🤜Support chat 🤜Helpful for chart You can find dexfolio; AppStore and PlayStore 🏅

It might be the start of the new bull run! We'll see, I really hope so.

New kids on the chopping blockchain

TLChain is here! A key goal of TLChain is to achieve global scalability for DeFi, Metaverse, and web3 markets. tlchainnetwork TLC tlx lusso

it's high time that it should grow and we should invest usdt in it

AltbaseApp Let enjoy this pumping season with ALTB By on Check for more promising tokens on altbase App BSC AltCoins Altcoins BSCGem 100xgem

📣💎 GEM GEM GEM 💎🔥🔥🔥 💫Big gem will be awaken! 💫Has a massive marketing plan on the line! 💫Has a good utility itself! 💫Has a transparent and hard working dev, with an experience team! TG: DOKEN Dokentoken dokenoftheyear

I have never seen someone as perfect as Crypnicole she knows how to analyse trade, and with her strategies she earned me so much profit. I made$15,000 in 10 days of working with her Crypnicole

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:

 /  🏆 562. in US

United States United States Latest News, United States United States Headlines