cryptocurrencies

cryptocurrencies

Merkado

Market Wrap: Bitcoin Pushes $60K as Goldman, BlackRock Moves Signal Adoption

Bitcoin finishes the first quarter double where it started the year, versus a 5.8% gain for the S&P 500. No wonder Goldman's clients want in.

Bitcoin's gains haven't been particularly steady in the first quarter, but they've added up.

Merkado

Why Genesis, BlockFi, Ledn Are Cutting Interest Rates on Large-Scale Bitcoin Deposits

Genesis is cutting bitcoin deposit rates effective Thursday, following BlockFi's reduction last week.

LoanMosh8

Merkado

Bitcoin Stalls Near Resistance; Support Around $54K

BTC stalled just shy of $60K resistance during Asia hours. Support is around $54K.

BTC Four-Hour Chart

Merkado

Market Wrap: Traders Ratchet Up Derivatives Bets as Bitcoin Mounts Rally

Bitcoin's funding rates are rising, a sign traders are willing to take more risk in betting on a fresh rally.

Bitcoin price chart, daily, over past month.

Merkado

Crypto Traders Lever Up as Bitcoin Creeps Back Toward All-Time High

The recent rise appears to show traders finding a renewed appetite for risk taking following a market shakeout over the past of couple weeks.

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Merkado

Bitcoin Uptrend Intact After Month-Long Consolidation; All-Time High Within Reach

Intraday overbought signals are not yet extreme, which should keep buyers active towards $60,000-$61,000.

BTC Daily Price Chart

Merkado

Cryptocurrency Fund Flows Now at Lowest Since October 2020

No wonder cryptocurrency markets were so lackluster last week: There just wasn't much appetite from investors to put new money into funds.

CoinShares chart shows how dramatically inflows to cryptocurrency investment funds fell last week.

Merkado

Bitcoin Rallies From Support, Resistance Around $60K

But traders should continue to monitor intraday resistance levels as the broader uptrend from January slows.

Four-hour BTC chart

Merkado

Inflation Watch: US Money Supply to Stay Elevated Despite Coming Slowdown, Pantheon Says

"Nothing like this has ever happened before," says economist Ian Shepherdson.

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Merkado

Bitcoin Gains Ahead of $6B Options Expiry After Market Finds $50K Floor

BTC held support around $50K and is approaching resistance around $56K.

BTC hourly chart