Altcoin News Daily Official TheBitTimes.com

This shows that the top US equity indices have been closing the gap with the 2023 gains in the crypto market. The rise in the value of the top 100 digital tokens has slowed down to 46% so far this year, which is not much higher than the 41% increase in the Nasdaq 100 Index of technology stocks. The tech stock index received a boost from the excitement around artificial intelligence products, briefly surpassing the MVIS CryptoCompare Digital Assets 100 Index in June. advertisement Courtesy: Bloomberg Chart Patterns Flag Caution for Bitcoin Some chart patterns are indicating that investors should be careful. The Bollinger bandwidth for Bitcoin’s 20-week period has become the narrowest it has been in seven years. This means that the movements of Bitcoin could become more intense, especially if certain important levels are broken. The Bollinger study helps us understand how much the price of Bitcoin is changing over time. Furthermore, the BTC price has...

Although the US indices ended in the red on Wednesday, the crypto market refused to budge. Today’s move is a hint of the further decoupling of the crypto market from US equities. advertisement Courtesy: Santiment Well as things are clear for the time being, crypto investors no longer need to worry about the fiscal policy until June this year. However, the interest rates being over 5% over the last 14 months, isn’t an ideal scenario. But as the crypto market decouples further from equities, it seems that crypto is taking a turn for the better. Bitcoin Price Shoots Above $29,000 In hours after the US Fed announced the rate hike, the Bitcoin price gained more than 2% moving once again past $29,000. During this week, Bitcoin (BTC) has recovered most of its lost ground as investors eye a crucial breakout above the $30,000 resistance level. Interestingly, the BTC price pump on Wednesday came with the blockchain’s address activity jumping ...