WEEKLY MARKET AND ECONOMIC HIGHLIGHTS – JANUARY 17
Price Action *Bitcoin has seen a significant price increase of about 4.4%, reaching a high of $104,351, with substantial short liquidations suggesting a potential short squeeze. The price remains above key VWAP levels, indicating strong bullish momentum, though a decrease in the funding rate to 0.3 bps suggests caution among leveraged traders, with potential […]
Happy 16th, Bitcoin!
Bitcoin has celebrated numerous key achievements throughout its first 16 years, marking its evolution from a novel concept to a significant player in the financial landscape. Here are the major milestones: Key Achievements in Bitcoin’s First 16 Years 1. Genesis Block Creation (2009) On January 3, 2009, Satoshi Nakamoto mined the first block of the […]
The Cryptocurrency Industry in 2024: A Year in Review
The cryptocurrency market in 2024 was a dynamic and transformative space, marked by major milestones, market shifts, and new trends. Here are the most significant highlights of the year: Bitcoin’s Milestone Bitcoin soared to an all-time high of $108,000 on December 17, following a strong rally after the U.S. presidential election. This surge was fueled […]
WEEKLY MARKET AND ECONOMIC HIGHLIGHTS – DECEMBER 20
Price Action: BTC Bitcoin fell 2.13% over the past 24 hours, dropping from $104,487 to $102,299. It peaked at $104,969 before dipping to $98,837, with heavy trading around $100,700. A rebound could push prices to test resistance at $106,617 if buying interest strengthens. ETH Ethereum declined 4.4% in the last 24 hours, sliding from […]
WEEKLY MARKET AND ECONOMIC HIGHLIGHTS – DECEMBER 13
Price movements: In the last 24 hours, Bitcoin and Ethereum have experienced notable price movements: BTC: Current Price: Approximately $101,390.13. 24-Hour High: Reached around $102,500 before dipping. 24-Hour Low: Dropped to about $99,900. Percentage Change: A slight decrease of approximately 0.96% over the past day. ETH: Current Price: Approximately $3,912.83. 24-Hour Change: Marked a decrease […]
WEEKLY MARKET AND ECONOMIC HIGHLIGHTS – DECEMBER 6
Price Action: *BTC dropped nearly 12.5% in the past hours, sliding from around $103,410 to $90,587. Selling pressure pushed the price before recovering above key support levels and the 30-day VWAP. While the broader trend remains intact, short-term indicators point to potential further downside, urging caution. *ETH declined about 2% over the same period, falling […]
WEEKLY MARKET AND ECONOMIC HIGHLIGHTS – NOVEMBER 29
Price Action: *BTC has shown significant upward momentum, with its price climbing from approximately $95,496 to $97,520, representing a 2.12% gain. The price fluctuated within a 3.07% range, hitting a low of $94,723 and a high of $97,520. While the overall trend remains bullish, driven by strong upward momentum, caution is warranted as short-term […]
WEEKLY MARKET AND ECONOMIC HIGHLIGHTS – NOVEMBER 22
Price Action: *In the past 24 hours, BTC showed steady, slightly bullish movement, rising from $96,909 to $97,518, with a high of $99,521 and a low of $95,710—a 4% range. Despite overbought RSI and Stochastic signals, strong accumulation and positive sentiment hint at further gains, though a short-term pullback remains possible. *ETH saw more volatility, […]
WEEKLY MARKET AND ECONOMIC HIGHLIGHTS – NOVEMBER 15
Price Action: *BTC fell 1.6% in the last 24 hours, dropping from about $91,400 to $89,880, with a trading range between $91,764 and $86,820. Overbought indicators and a sharp deviation from long-term moving averages hint at a potential short-term correction. *ETH slid 2.5% in the past day, moving from $3,187 to $3,108, with a range […]
WEEKLY MARKET AND ECONOMIC HIGHLIGHTS – NOVEMBER 8
Price Action *In the past hours BTC saw a modest 1% gain, rising from $74,289 to $75,020, with a 4% fluctuation between a low of $73,564 and a high of $76,498. Traders should watch for a breakout above resistance or brace for a potential pullback despite the strong uptrend. *ETH surged 7% in the past […]
