Key takeaways: Economic uncertainty, a delayed jobs report and weakness in the housing market are causing traders to retreat from Bitcoin. Pro traders are incurring high costs to protect against Bitcoin price drops, while in China, stablecoins are being sold at a discount to exit the crypto market. Bitcoin (BTC) faced a $2,650 pullback after …
Continue reading Bitcoin Pro Traders Side-eye Breakouts To $92K
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Bitcoin (BTC) Price Reclaims $92K as Altcoins Lag
The crypto market exhibited signs of optimism during the Asia session on Monday, with bitcoin BTC$91,580.81 rising above $92,000 having spent the weekend trapped in a tight range below $90,000. The largest cryptocurrency has now reversed Friday’s sell-off and is within striking distance of last week’s high of $94,200. U.S. equity index futures also posted …
Continue reading Bitcoin (BTC) Price Reclaims $92K as Altcoins Lag