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Bitcoin: pushed back from the bottom?
As of Tuesday morning, the cryptocurrency market had increased 2.6% over the past 24 hours to reach $3.31 trillion. The previous evening, its capitalisation was down to $3.14 trillion—its lowest in three and a half weeks. The Crypto Market Sentiment Index rose 2 points on the day to 63, advancing after Friday’s drop to 50 – exactly midway between fear and greed. The index has been drifting downward since late November, but the drop late last week may well have been the bottom for the market. Bitcoin briefly slipped to $89,000 on Monday for the first time since 18 November. This was a liquidation of ‘weak’ ... (full story)
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- Posted: Jan 14, 2025 9:02am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 155
