Bitcoin's price action remained stuck between the $40.5k lower range and $44.5k upper range, as buyers and sellers tussled for the kingcoin's next price trend.
Bitcoin’s rapid price blitz in Q4 2023 seems to have slowed, as 2023 wraps up. The king coin has found its price action stuck between $40.5k and $44.5k. While this might be a fairly large range, the price action at low and high ranges gives credence to these levels as significant price zones for buyers and sellers.
Despite the range-bound price action, BTC maintained its market dominance with a 49.8% share of the total cryptocurrency market cap.
Bitcoin's dip below a key support hinted at a return of selling pressure for BTC's spot market.
Despite its long term potential, TIA's price action has been bearish for most of 2024. Is it safe to maintain the altcoin in your portfolio?
The approval of Ethereum ETFs had little effect on ETH's price action. How will it play out over a longer timeframe?
BNB's bullish price action at the key support level of $594 saw the altcoin maintain its uptrend with the possibility of reaching a new all-time high.
Gold has experienced a significant pullback, down over 8% from its all-time high, as the US election results reduced political uncertainty and raised confidence in the economy. The Fed's cautious stance on rate cuts has made the non-yielding metal less attractive, while boosting assets like Bitcoin.
With its Major Payment Institution License granted by the Monetary Authority of Singapore (MAS) in August 2024, BitGo Singapore is positioned as a key player in addressing the region’s growing demand for institutional-grade digital asset infrastructure.
Michael Saylor, the company’s chairman, has been a strong advocate for Bitcoin, believing its value will continue to rise. With over $40 billion in Bitcoin assets, MicroStrategy’s stock has surged, becoming the most traded in the U.S.
Accused of using his regulatory powers for personal gain, Yao allegedly accepted bribes in crypto, engaged in financial misconduct, and misused his position to benefit specific technology providers. His case has been referred for criminal prosecution.
%3A%20Is%20Range-Bound%20Movement%20a%20Sign%20of%20Bullish%20Exhaustion%3F){kind=link}