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1. Market Wrap: Bitcoin Rises Even as Indicator Shows Extreme Bearish Sentiment

Bitcoin is in recovery mode as some indicators suggest the sell-off is approaching oversold levels. For example, the relative strength index (RSI) on the daily chart is rising from oversold territory. But the bitcoin Fear & Greed Index is approaching extreme levels last seen in May, which is a bearish sign.

At press time, bitcoin was trading at about $44,800. It is up 3% over the past 24 hours, compared with a 4% rise in ETH and an 11% rise in Avalanche’s AVAX token over the same period.


1. Market Wrap: Cryptocurrencies Bounce Back, Traders Expect More Volatility

Bitcoin returned above $42,000 at press time as the broader crypto market bounces back after a sell-off earlier this week. Traders expect volatility to remain elevated ahead of bitcoin’s September options expiry on Friday. And technical charts show limited upside for BTC toward the $47,000 resistance level.

On Wednesday, the U.S. Federal Reserve signaled that it could start to scale back, or taper, its monthly asset purchases sooner rather than later. …



1. Market Wrap: Bitcoin Stabilizes as Risk Appetite Weakens

Bitcoin continued to struggle after Monday’s sell-off, although the cryptocurrency appears to be stabilizing at just above the $40,000 support level at press time. BTC is down 3% over the past 24 hours, and analysts expect the pullback to come close to an end later this week.

“Before the flash crash earlier this month, funding rates were pretty high, which tends to imply an influx of longs levering up,” Delphi Digital, a crypto research firm, wrote in a Tuesday report. …



1. Market Wrap: Bitcoin Traders Take Profits Amid Regulatory Crackdowns

It’s been a quiet week in crypto markets as prices consolidate after last week’s sell-off. Returns have been mixed, especially among alternative cryptocurrencies, with Solana’s SOL token down about 19% over the past week due to network failures, compared with a 34% gain in Avalanche’s AVAX token that was driven by the network’s latest $230 million funding round.

Bitcoin was trading at about $47,000 at press time and is up 6% over the past week. …


1. Market Wrap: Bitcoin Drifts Lower as Altcoins Outperform

Bitcoin dipped below $48,000 on Thursday as short-term overbought signals appeared on the charts. Buyers appear to be taking a breather ahead of the $50,000 resistance level, and some analysts expect the price to consolidate before the next option expiration date on Sept. 24.

Blockchain data shows large transaction volume in bitcoin, which suggests buyers could remain active at lower support levels. Bitcoin was trading at around $47,000 at press time and is up about 2% over the past week.

The rally in alternative cryptocurrencies continues to…


1. Market Wrap: Bitcoin Rises as Traders Accumulate Positions

Bitcoin held above the $46,000 support level on Wednesday as bullish sentiment improves. The cryptocurrency was up about 3% over the past 24 hours, compared with a 5% gain in ether, the world’s second-largest cryptocurrency by market value, over the same period.

“[Blockchain] metrics continue to show whale (large bitcoin buyers) accumulation,” Marcus Sotiriou, a trader at U.K.- based digital asset broker GlobalBlock told.

“A four-hour bullish divergence on the relative strength index (RSI) indicator has been confirmed, indicating short-term continuation to the upside,” Sotiriou wrote. …


1. Market Wrap: Bitcoin Returns to Above $46K Even as Indicator Shows Crypto Fear

Cryptocurrencies were mostly higher Tuesday as U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler broadened his pitch for greater regulatory oversight of crypto markets. Bitcoin displayed little reaction to Gensler’s testimony to the U.S. Senate Committee on Banking, Housing and Urban Affairs, and was up about 5% over the past 24 hours.

Gensler also warned that crypto exchanges like Coinbase should register with the SEC. …


1. Market Wrap: Bitcoin Whipsaws on Fake News, Investors Flow Into Solana Funds

Bitcoin traded with great volatility around $44,000 on Monday as some traders were duped by a fake news release stating that Walmart is partnering with Litecoin (LTC). The cryptocurrency is roughly flat over the past 24 hours after Walmart stated that it “had no knowledge of the press release issued by GlobeNewswire, and it is incorrect.”

Also on Monday, business software company MicroStrategy announced that it bought an additional 5,050 BTC. The company now holds 114,042 BTC, which were acquired for a total…

ZBG

Launched in 2018, ZBG is a Hong Kong-based crypto exchange, a subsidiary of ZB.COM. ZBG is focused on providing a trading platform for new and innovative tokens

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