BTC traders purchase protective put options in response to Monday's 5% decline.The Coinbase premium indicator highlights a decline in demand for Bitcoin in the U.S. market.The daily chart reveals a bearish RSI divergence, signaling potential weakness in price momentum.
(Bloomberg) -- Brazil’s inflation picked up much more than expected in early November, adding urgency to government plans to cut swelling public spending that is pushing cost-of-living increases above target.Official data released Tuesday showed consumer prices rose 4.77% from a year earlier, above all forecasts in a Bloomberg survey of economists that had a 4.64% median estimate. On the month, they increased 0.62%.Price pressures are building in Latin America’s largest economy, stoked by a hist
ETH advanced 4% during the day, outperforming BTC's 1.5% loss and slight gains of the broader market benchmark CoinDesk 20 Index.The ETH/BTC ratio hit its weakest level in three years last week, but has rebounded since and is poised for more gains, observers noted.Bitcoin is likely to move sideways until year-end, said Paul Howard, senior director of Wincent.
ETH advanced 4% during the day, outperforming BTC's 1.5% loss and slight gains of the broader market benchmark CoinDesk 20 Index.The ETH/BTC ratio hit its weakest level in three years last week, but has rebounded since and is poised for more gains, observers noted.Bitcoin is likely to move sideways until year-end, said Paul Howard, senior director of Wincent.
President-elect Donald Trump is turning to two officials with experience navigating not only Washington but the key issues of income taxes and tariffs as he fills out his economic team. Trump on Tuesday announced he has chosen international trade attorney Jamieson Greer to be his U.S. trade representative and Kevin Hassett as director of the White House National Economic Council.
The cryptocurrency market has experienced a significant downturn, with major digital assets posting notable losses.
Bitcoin recently dropped below $92,000 after briefly approaching $100,000, prompting a mix of concerns and optimism among analysts.
U.S. spot Bitcoin ETFs saw significant outflows on Monday, totaling $438 million, marking the end of a five-day period of inflows that had brought in nearly $3.4 billion.
Bitcoin's price is teetering on a critical support level as it navigates recent market turbulence.
Bitcoin's price has fallen sharply, dropping over 5.6% to $92,774 as of Nov. 26, following a historic high of $99,000 on Nov. 22.
