Here are 4 Reasons Why One Analyst is Shorting Bitcoin’s Latest Rally
Bitcoin has been falling within a consolidation phase throughout the past few days and weeks, with buyers and sellers reaching an impasse as it trades around $13,800 The rest of the cryptocurrency market has been declining throughout the past few days, with the DeFi sector being hit particularly hard This weekend has proven to be […]
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Bitcoin price achieved a new all-time high at $25,945 following a large short squeeze in the futures market. The price of Bitcoin (BTC) has reached a new all-time high of $25,945 on Binance on Dec. 26 just a day after it achieved its previous record high on Christmas day.BTC/USDT hourly candle chart (Binance). Source: TradingView.comThere are many broad reasons behind Bitcoin’s rally, such as the high institutional demand for BTC. But for the current intraday rally, excessive shorting on Binance Futures was likely the primary catalyst.$25,000 BTC now above stock-to-flow model priceBefore....
The XRP price crossing the $10 mark into the double-digit territory remains a widespread school of thought, and crypto analysts have, at different points, shared analyses that seem to support this notion. Most especially, since the XRP price broke the $3 mark and is now holding support above $2, it has given fuel to these expectations. One crypto analyst takes it a step further by giving a close timeline for when XRP could break above $20. 4 Reasons Why The XRP Price Could Rally Crypto analyst and XRP advocate, Diana on X (formerly Twitter), put forward a total of five different reasons....
Latest rally extends bitcoin's lead over U.S. stocks in 2020 returns, potentially setting up a self-reinforcing trend as more investors take notice.
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has confirmed that he has not been shorting cryptocurrencies, including bitcoin, despite speculations that he may have. His confirmation came after he recently asked how to short crypto.
Michael Burry Says He Is Not Shorting Cryptocurrencies
Famous investor and founder of private investment firm Scion Asset Management, Michael Burry, confirmed to CNBC Friday that he has not been shorting bitcoin or other cryptocurrencies.
Burry is best known for being the first investor to foresee and....
Newly surfaced reports revealed that some hedge funds are now shorting Tether USDT. A Monday report from the Wall Street Journal (WSJ) stated several opened short positions on USDT. According to the report, a leading crypto brokerage, Genesis Global Trading Inc., held some notional values worth hundreds of millions for USDT shorting. The firm is […]