Bitcoin spikes to nearly $17,400 as the crypto market experiences green shoots Bitcoin BTC Bitcoinprice
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
The stock market, likewise, got the day off to a hot start as the tech sector helped push the major indices higher. But prices reversed course in the afternoon as the loss of momentum resulted in a negative close for the S&P and Dow, which closed down 0.08% and 0.34%, respectively, while the Nasdaq managed to hold onto a gain of 0.63%.
That being said, bulls need to remain vigilant and continue to push higher, Wyckoff said, as “stiff chart resistance lies just above the market now.” “We can see two very clear zones on the chart, namely the demand zone around $16.9-17k and the supply zone of $17,350-17,550. These are therefore the areas we will keep an eye on for longs and shorts, but as always we will only take a position when we have the right confirmations.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto SWOT: BlackRock has given bankrupt bitcoin miner Core Scientific a new $17 million loan.Commentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film
Read more »
Builders uncover Jewish WWII trove in yard in PolandAbout 400 items, including Hanukkah menorahs and items used in daily life, discovered during renovation work
Read more »
Hong Kong advances plan to become a crypto hub, will launch tokenized green bondsHong Kong has successfully completed the development of its licensing system for virtual asset service providers, which will launch in the coming months.
Read more »
Hong Kong set to issue tokenized green bonds, details insideHong Kong is still committed to becoming a crypto hub, despite the recent market events. The government will soon issue tokenized green bonds to institutional investors. Hong Kong’s vision to establish itself as a crypto hub seems to remain undeterred despite the prolonged crypto winter that has discouraged neighboring countries like Singapore to tighten their […]
Read more »
Bitcoin: This is what large investor and retail interest can do for BTC over timeBitcoin’s low volatility managed to attract both retail and large investors that have been capitalizing on the opportunity to buy into the cryptocurrency Miner selling pressure reduces as revenues continue to grow Recent data from Glassnode, suggested that Bitcoin’s [BTC] volatility declined significantly over the last month. This low volatility attracted both retail and large […]
Read more »
BTC records historic low in volatility; is this the end of the ‘Crypto Wild West’ ?Bitcoin’s volatility hits all time low as per head of research at CoinShares BTC Whale Ratio managed to show some recovery Bitcoin [BTC] continued to disappoint both the bulls and bears as the its volatility hit fresh lows as of 7 January. As per a tweet posted by James Butterfill, the head of research at […]
Read more »