DOGE, LTC, LINK, and APE are showing signs of buying even as Bitcoin’s next directional move remains uncertain.
Despite the widespread loss of confidence in crypto following the FTX collapse, Bitcoin’s on-chain data gives investors hope.
Bitcoin and most major altcoins are witnessing a relief rally but higher levels are likely to attract strong selling by the bears.
Crypto markets have started the week on a weak note, suggesting that buyers remain skeptical about buying any significant dips.
Bitcoin price is stuck in a tight range, but TON, CHZ, QNT and TWT caught a bid in the past week.
Bitcoin and select altcoins are struggling to rise above their immediate resistance levels, indicating that bears remain in full control.
The recovery in BTC and altcoins fizzled out fast, suggesting that investors continue to maintain a risk-off stance to all cryptocurrencies.
Sale price versus price paid diverges the most in over two years — since the last Bitcoin “black swan” event.
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss why Bitcoin whales are accumulating right now and why this could be significant.
The S&P 500 and Bitcoin bounced off their nearby support levels, indicating that the bulls have not given up and are possibly buying the dips.