Bitcoin News

High-volume candles associated with Bitcoin price dips already occurred on derivatives exchanges this time around, Willy Woo notes.

The filing specifies that Valkyrie’s ETF may invest up to 10% of its net assets in securities of Bitcoin mining firms, as well as up to 5% in the securities of pooled investment vehicles in the U.S. that hold BTC.

Bitcoin price appears pinned below $48,000, leading some analysts to forecast “choppy” markets until Q1 2022.

Bitcoin price action receives a welcome boost to $49,000 shortly after the Fed confirms rate hikes and a reduction of its bond purchasing policy in 2022.

Traders look for a market-wide recovery now that the Fed confirmed at least three rate hikes and a wind-down of its bond purchasing policy in 2022.

OMI, ANT and RAMP booked 20% gains after Bitcoin and the wider crypto sector reacted positively to today’s Federal Reserve announcements.

Bitcoin, altcoins and stocks rallied shortly after the Fed laid out its policy roadmap for 2022, but bears still have an advantage in this week $755 million options expiry.

“It’s as easy as sending cash, and you don't need to own stock or Bitcoin to gift it,” said Cash App, allowing transfers as low as $1.

BTC and altcoins took a severe hit on Dec. 13, but derivatives data suggests traders are watching $46,000 as a signal of whether the current market structure will hold up.

BTC price slumped to an intraday low at $45,672 and analysts say a classic technical analysis pattern and on-chain data point toward a strong flush down to $40,000.