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Finally, the correlation between crypto and traditional assets seems to be ending. While stocks were tanking at the close of trading last week through today, Bitcoin (BTC, Tech/Adoption Grade...
After weeks of rallying — extended recently by July’s lower-than-expected inflation data — CPI report, the markets are taking a breather.
Both BTC and ETH are trying to reclaim previous support.
The two market leaders are at a crossroads.
Price action this week seems like it came from a Hollywood blockbuster: Just as you’re about to give up hope … everything gets turned on its head and the hero prevails!
Bitcoin and Ethereum have held above their previous trading ranges, spreading bullish sentiment as they eye their next resistance levels.
But volatility is expected soon as we prepare for the next Fed rate hike.
Today, we’re looking at several trading indicators that could give insight into the market’s next moves.
There are a few narratives that are setting this week up to be an eventful one.
While Buffett’s bolstering does have weight and will likely influence some investors, there’s much more at play pushing price action right now.