Solana price is down 21% in a week, but on-chain and derivatives data highlights investors’ confidence that the network can overcome recent hurdles.
Markets News
Crypto markets provide a bird’s-eye view of a burgeoning crypto economy including Bitcoin (BTC) and a host of other crypto networks. The cryptocurrency market is radically different from the traditional global financial and commodities markets. Not only is the structure of these underlying assets fundamentally different, as they are natively digital and noncustodial in many cases, but the market participants are different as well.
Cryptocurrency networks such as Bitcoin feature a unique composition of stakeholders. There are the miners, which provide security and uptime to the network while earning cryptocurrency for their efforts; traders and investors navigating the ebbs and flows of the market for maximum profits; developers, who are the open-source builders working toward scaling and improving these protocols; and individual users, who may speculate or use their crypto to some productive capacity.
The dynamics among these stakeholders in these decentralized, open, permissionless systems are in striking contrast to traditional finance and are main topics of discourse in the space.
Stay tuned to news, analysis and in-depth coverage of crypto markets with Cointelegraph.
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Despite Bitcoin briefly falling below the $60,000 mark, the cycle could be entering a reaccumulation period, according to one crypto analyst.
4493Anthony Pompliano says Bitcoin is digital gold, remains the best savings tool and will continue to outperform for years to come.
2539Bitcoin price descends to new lows, dragging altcoins down with it just days before the long-awaited BTC supply halving.
3111Bitcoin price losses crucial support at $60,000 as inflows to the spot Bitcoin ETFs stagnate.
8169BTC price continues its tests of bid liquidity after the latest Wall Street open, but confidence over the Bitcoin bull market remains.
10215Bitcoin ETF outflows, geopolitical turmoil, and higher interest rates are putting downside pressure on BTC price.
28297A classic tug-of-war between Bitcoin buyers and sellers is shaping up on order books, with a BTC price relief bounce sorely needed.
4306Crypto traders are pointing to Bitcoin’s Bollinger Bands being “released slowly” as an indicator that its price could see some downward movement in the short-term.
4672The escalating crisis between Iran and Israel and increased bullish bets on the dollar have heightened investor risk aversion, leading to a downturn in Ether prices.
965ETH derivatives data shows pro traders’ appetite for risk declining, placing pressure on the $3,000 support level.
10009Bitcoin derivatives traders go from de-risking to “clear pessimism,” but large-volume hodlers are in no hurry to bow to BTC price pressure.
4590From a fresh BTC price dip as soon as April 16 to a retreat to $40,000 long-term, Bitcoin market observers weigh in on where the market is headed.
27613Bitcoin futures and options signal investors’ confidence was not meaningfully impacted by BTC’s recent dip to $61,500.
16298Bitcoin is finding it difficult to sustain the relief rally, which could put pressure on several altcoins in the near term.
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