Bitcoin (BTC) came back with a vengeance on May 13 as bulls stepped in to take the market to near $31,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin RSI stays firmly oversold Data from Cointelegraph Markets Pro and TradingView confirmed 24-hour gains of 30% for BTC/USD in the aftermath of the Terra debacle. After “kissing” its […]
The stock price of listed BTC mining companies and other businesses with exposure to cryptocurrency are dropping to yearly lows as the crypto market continues to sell-off. 3275 Total views 20 Total shares Bad news continues to dominate crypto media headlines and May 12’s juiciest tidbit was the unexpected collapse of the Terra ecosystem. In […]
Investors were surprised by Bitcoin (BTC) price falling to $25,500 on May 12, and this shock extended to options traders. The strong correction was not restricted to cryptocurrencies and some large-cap stocks faced 25% or heavier weekly losses in the same period. Growing economic uncertainty impacted S&P 500 index members like Illumina (ILMN), which declined […]
