Price analysis 7/8: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
Bitcoin is facing intense selling pressure, but the positive divergence on the RSI suggests a recovery is possible in the near term.
Related Posts
Huobi Derivatives Introduces Circuit Breaker and Partial Liquidations
Huobi’s derivatives trading platform, Huobi DM, has announced a new ‘partial liquidation’ feature that aims to limit trading losses.Sudden market swings can immediately liquidate highly leveraged positions and cause extensive user losses, as seen during the last week’s Bitcoin price crash. The platform’s new liquidation mechanism will jump into action when markets face turbulence to mitigate…
Crypto Biz: Elon Musk’s X targets financial services, PacWest emergency rescue and more
Social media platform X — formerly known as Twitter — may soon advance plans to add financial services to its users, hoping to become the American equivalent of the Chinese super-app WeChat.The concept of super-apps isn’t new. Tech giant Tencent, the company behind WeChat, has been refining the model since 2011. Like Twitter, it began…
Why is Solana (SOL) price down today?
Solana price is down today, registering a 15% decline over the past week as the wider crypto market continues to show weakness.
3AC liquidators file motion to hold Kyle Davies in contempt
Civil sanctions against 3AC co-founder Kyle Davies include an award of attorneys’ fees and a $10,000 daily fine until he is in compliance with a subpoena. 82 Total views 5 Total shares Three Arrows Capital (3AC) co-founder Kyle Davies should be held in contempt of court for ignoring a subpoena connected to bankruptcy proceedings, June…
FTX debtors seek subpoenas for inner circle of Sam Bankman-Fried
FTX and affected parties have requested court subpoenas to force Sam Bankman-Fried’s closest advisors to provide documents and information for ongoing investigations. Own this piece of history Collect this article as an NFTA motion filed in the United States Bankruptcy Court for the District of Delaware seeks to glean valuable information from the likes of Gabriel…
China: Three Hackers Arrested for Allegedly Stealing $87 Million in Crypto
Chinese police have arrested three “highly experienced” hackers suspected of stealing up to 600 million yuan (around $87.3 million) in crypto, local news outlet Xinhua reported August 18. The alarm was reportedly first raised by an individual identified by the surname Zhang, who is said to have first filed his complaint March 30 with local…
Ethereum traders see limited ‘upside’ in ETH price beyond $2.6K
ETH options analysts say the "relatively small number" of Ether calls bought suggests that the altcoin's price gains may be limited in the near term.
Bitcoin Options Market Data Shows Mere 9% Chance BTC Reaches $20K in 2020
The Bitcoin (BTC) options market, which is mostly dominated by Deribit and CME, gives a 9% chance for BTC to rise to it's all-time high at $20,000 by the end of 2020.Given the tendency of Bitcoin to see a prolonged rally six to eight months after a halving is activated, traders in the options market…