Price Movement

(DALL-E/CoinDesk)
When Regulating Crypto, Please Target the Bad Actors, Not the Asset
Glenn Williams Jr. shares his thoughts as the Biden administration and others in Washington gear up to respond to the crypto disasters of 2022. The bottom line: Keep the focus on the people who did bad things, and don’t punish the asset class.
(DALL-E/CoinDesk)

(Moren hsu/Unsplash)
Crypto Diversification Is Back in 2023
Crypto and other assets are going their own way in 2023, with the bitcoin/Nasdaq (QQQ) correlation down to levels last seen in 2021.
(Moren hsu/Unsplash)

(Francesco Carta/Getty Images)
Bitcoin Tops $20K as Stock Futures Rise, Dollar Rally Stalls
The top cryptocurrency by market value rose over 5% to $20,350, according to CoinDesk data. Ether, the second-largest cryptocurrency, rose 4% to $1,390.
(Francesco Carta/Getty Images)

Investors seek to better understand the implications of the Merge. (Unsplash, modified by CoinDesk)
Ether May Continue to Lose Momentum Until Merge Is Completed, BofA Says
Investors want more clarity around The Merge and its implications, the bank told clients in a research note.
Investors seek to better understand the implications of the Merge. (Unsplash, modified by CoinDesk)

(Alf van Beem/Wikimedia Commons)
But Exchanges, What Low Volumes You Have!
Even though bitcoin’s price is range-bound and crypto exchange volumes are at yearly lows, there is no reason to worry … yet.
(Alf van Beem/Wikimedia Commons)

El gráfico de cuatro horas de bitcoin muestra el soporte/resistencia con el RSI en la parte inferior (Damanick Dantes/CoinDesk, TradingView)
Bitcoin mantiene su soporte por encima de $35K-$37K, con una resistencia de $45K
BTC parece estar sobrevendido en los gráficos intradía, aunque su impulso se ha debilitado.
El gráfico de cuatro horas de bitcoin muestra el soporte/resistencia con el RSI en la parte inferior (Damanick Dantes/CoinDesk, TradingView)

Bitcoin Breaks Above $40K Resistance
Bitcoin Breaks Above $40K Resistance
New TradingView data reveals bitcoin crossed its 50-day moving average earlier this week at the $42,500 price level and has stayed above it since. Continuation of this price movement would imply strength and set bitcoin for a move toward $49,000 as it sees institutional demand.
Bitcoin Breaks Above $40K Resistance

Traders Increasing Leverage on BTC Trades?
Traders Increasing Leverage on BTC Trades?
A new chart presented by Glassnode on bitcoin’s perpetual futures open interest vs. bitcoin’s price suggests that traders are increasing their leverage on BTC trades once again. Head of Market Insights at Genesis Trading Noelle Acheson digs into the data and its implications for the recent price movements in the bitcoin market.
Traders Increasing Leverage on BTC Trades?