Why Bitcoin analysts are expecting weeks of consolidation or correctionBTC $19,213 (-0.9%) • ETH $590 (-2%) • XRP $0.60 (-1.7%)
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The price of Bitcoin is still hovering over $19,000, but on-chain analysts expect weeks of consolidation or a correction to occur. Bitcoin has shown resilience in recent weeks, yet has struggled to break past the all-time high at $20,000 with strength. With many sell orders stacked up between $19,500 and $20,000, analysts expect consolidation to occur. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. Trending … 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins More news ⏬Financial analyst thinks Bitcoin could hit $100,000 in the next nine monthsBitcoin has undergone an extremely strong rally since the March low of $3,500. Circle CEO Jeremy Allaire: Policy issues are more prevalent as crypto “gets real”Regulators and policymakers around the world have never been particularly open to innovations or progressions of the crypto market. Here’s why options investors may be bearish on BitcoinInvestors in the Bitcoin options market could be turning slightly bearish in the near term, order books show. 1% of all ETH is now staked on Ethereum 2.0’s beacon chainOver 1% of Ethereum’s circulating supply is now locked up on the project’s new beacon chain, just one week after its launch. Bitcoin-focused DeFi protocol garners $30m in deposits in first day after $100 airdrop to thousandsThus far, decentralized finance (DeFi) has been a trend largely focused on Ethereum. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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