Altcoin prices briefly rebounded, but derivatives metrics predict worsening c...
Declining demand for Tether and negative futures premiums for altcoins reflect a growing disinterest from crypto investors. On May 12, the total crypto market capitalization reached its lowest close in 10 months and the metric continues to test the $1.23 trillion support level. However, the following seven days were reasonably calm while Bitcoin (BTC) gained 3.4% and Ether (ETH) added a modest 1.5%. Presently, the aggregate crypto cap stands at $1.31 trillion.Total crypto market cap, USD billion. Source: TradingViewRipples from Terra's (LUNA) collapse continue to impact crypto markets,....
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Bitcoin is currently hovering at around $220. Recently, the question was asked whether or not a recent drop to $215 was the lowest we'll see. Many of us would certainly like to believe so, but if there is anything that bitcoin has taught us, it's that we can never be too sure, and more than anything we should never get too comfortable as it's nearly impossible to predict specifically what's going to happen next. The massive price drops over the last several weeks have continued to affect a great number of enthusiasts, and right when we all thought that things couldn't get any worse, they....
The Chainlink price has had its fair share of the early-2025 struggles, falling to a new low just above the $12 level earlier this week. The altcoin has had to contend with the widespread bearish pressure and worsening investor sentiment in the general crypto market. Chainlink Price Overview On Tuesday, March 11, the Chainlink price succumbed to the market-wide downward pressure that saw the largest cryptocurrency Bitcoin hit $77,000 for the first time in over four months. Other large-cap assets also suffered in this recent market downturn, with the price of Ethereum also dropping beneath....
UNUS SED LEO rose to a one-week high on Thursday, as prices rebounded following a three-day losing streak. Another token which rebounded in today’s session was cosmos, which climbed higher following five straight days of declines. Overall, crypto markets are down 1.09% as of writing. UNUS SED LEO (LEO) UNUS SED LEO (LEO) rebounded on Thursday, following three straight days of lower lows. Following a bottom of $4.73 on Wednesday, LEO/USD rallied to an intraday peak of $5.23 in today’s session. However, Thursday’s rally came as LEO bulls pushed prices higher, following....
ETH price dropped 30% in two weeks, and derivatives data shows pro traders are bearish even with Feb. 25’s rally back toward $2,800. Ether (ETH) reached a $3,280 local high on Feb. 10, marking a 51.5% recovery from the $2,160 cycle low on Jan. 24. That price was the lowest in six months, and it partially explains why derivatives traders’ main sentiment gauge plummeted to bearish levels.Ether’s futures contract annualized premium, or basis, reached 2.5% on Feb. 25, reflecting bearishness despite the 11% rally to $2,700. The worsening conditions depict investors’ doubts regarding the....
BTC and ETH prices are in a clear bull trend, but derivatives data shows pro traders haven’t turned into bulls just yet. As Bitcoin (BTC) finally broke out of the $46,000 resistance on March 27, traders were quick to conclude that the bearish trend was gone for good. Even as the price hit its highest level in 84 days, derivatives metrics and Asia’s Tether premium still show a lack of bullish sentiment.While analysts will struggle to find a rationale for the modest 5.8% 24-hour gain that pushed Bitcoin above $48,500, we still have to account for the daily 3.8% average volatility. For....