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Institutional investors signal long-term commitment to crypto Growing confidence in Bitcoin and the broader cryptocurrency market has led most institutional investors to plan increased long-term allocations in crypto. In its annual Future Finance survey, Swiss crypto bank Sygnum found a higher appetite for crypto assets among institutional investors. The survey report, released on Nov. 14 and shared with Cointelegraph, highlighted shifting interests and positive market sentiment toward cryptocurrencies. Martin Burgherr, Sygnum Bank's chief clients officer, believes more explicit regulations globally aided the positive market sentiment among institutional investors. He added: A generally positive outlook on crypto The survey, which included responses from 400 institutional investors across 27 countries, found that 57% - or 228 respondents - plan to increase their crypto allocations, with 31% expecting to do so in the next quarter and 32% within six months. Demonstrating a generally high-risk appetite among institutional investors, only 5% of the respondents plan to decrease their crypto allocations, while 2% have yet to decide. However, 44% of institutions that do plan on increasing their crypto exposure will stick to single-token investments. In comparison, 40% opted for an actively managed exposure as their go-to investment strategy. According to Sygnum, 36% of the institutions that plan on holding their current position may be awaiting further market confirmation or optimal market entry timing before deciding to increase their crypto allocations.
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Crypto market in 'extreme greed,' needs deleveraging before $100K BTC 15:57 • 12 Nov BTCUSD BTCUSDT Cryptocurrency markets may be overheating during the current parabolic rally, with some industry leaders warning of an incoming deleveraging ahead of the next leg up. Crypto investor sentiment has risen to 80, or "extreme greed" on Nov. 12, a day after Bitcoin BTCUSD price surpassed the $85,000 record high on Nov. 11, according to data from the Crypto Fear & Greed Index from alternative. The last time the index had a score of 80 was on April 9, just before Bitcoin saw an over 18% correction in the following three weeks, from over $69,135 to its bottom above $56,500 on May1
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BTC Critical Levels to Watch for Bitcoin's Next) Moves Bitcoin's recent surge has brought it to a crucial test. The $80,000 level is now a key support zone, thanks to its alignment with the Fibonacci 1.618 level. This is the critical price point for Bitcoin to maintain if it wants to keep pushing higher. A break below this could signal a pullback. Looking at the broader weekly chart, Bitcoin has consistently trended upward since early 2023, and the latest surge has brought it to the middle line of this long-term upward channel. The $81,700 resistance level is key: if Bitcoin can break through it, the next target is $85,750, with $105,000 in sight for the long-term. On the downside, if Bitcoin faces selling pressure around the middle line, the immediate support is $78,800, followed by $73,500. As the market absorbs Trump's policy promises and the Fed's actions, the next few weeks will reveal whether Bitcoin can continue this upward momentum or face a potential correction.
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$BTC Is This The Last Week Bitcoin (BTC) Will Ever Be Below $70K 20:40 • 2 Nov The US presidential elections are just around the corner, with the world's largest economic force anticipated to choose between continuing with a similar path as the past four years or changing its course completely if they go with Republican candidate Donald Trump. While the economic consequences will impact millions and millions of people, the crypto community is anticipating how it will affect bitcoin and altcoins.Never Below $70K Again The popular crypto trader EllioTrades showcased a compelling chart earlier today. It indicates that the election week on all three previous occasions in the US during BTC's existence actually marked a low for the asset that was never repeated again. Meaning, that its valuation has never gone below that level since the last week before the 2012, 2016, and 2020 elections. The chart shows that bitcoin traded at around $12 in 2012, $720 in 2016, and $14,900 in 2020. The first two price tags seem unthinkable at the moment, but BTC actually went close to the last one during the 2022 bear market. Nevertheless, it bounced off at over $16,000 and has never looked back. As such, if history is to repeat itself, the primary cryptocurrency might never go below $70,000 again. Recall that it jumped to $73,600 earlier this week, which was0.1% awayfrom a new all-time high, but failed there and has lost roughly four grand to its current price tag of $69,500.Who Is Better for BTC? There's no obvious answer to this question, even though Donald Trump might have the lead. After all, his current stance is quite bullish as he uses BTC to pay for burgers, promised to let mining thrive in the States, vowed to fire SEC chair Gary Gensler, celebratedthe 16th birthday of the white paper, and has evenlaunchedhis own crypto project.
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Bitcoin Short Positions Face Serious Risk Above $68,500 - Details Bitcoin has experienced a volatile week, with prices oscillating between a local high of $69,500 and a low of $65,000. After weeks of excitement and upward momentum, the market has cooled off, and BTC is currently consolidating below the critical $70,000 level. This consolidation phase is crucial as traders assess the next potential move for Bitcoin. Analyst Ali Martinez has shared significant data from Binance, highlighting the high risk for short positions at the $68,500 mark. When such risk levels are present, the price often seeks liquidity, which suggests that it may gravitate toward supply zones. This behavior indicates that the market is potentially targeting areas where sellers may be positioned, which could lead to further fluctuations in price. This scenario sets the stage for a bullish outlook, as overleveraged short positions suggest that Bitcoin could find liquidity at supply levels. This could trigger a cascade of buying pressure. When the price breaks above the key $69,000 mark, it could lead to a wave of Fear of Missing Out (FOMO) among traders and investors watching from the sidelines. The liquidation of these short positions could propel Bitcoin's price higher, strengthening the bullish narrative. Market participants closely monitor this critical threshold, as a decisive break above $69,000 could ignite a surge toward previously untested highs. Maintaining awareness of both market dynamics and key price levels is essential for traders looking to navigate the volatility. The next few days could prove crucial as Bitcoin approaches this significant moment, and how it reacts to these overleveraged positions may determine its trajectory in the coming weeks.
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