Bitcoin price stuck but not for long

Dear Reader,

For days now, bitcoin has traded in a narrow price range. 

Stuck between $28,600 and $31,000. 

What's the deal?

Well, first off, bitcoin volatility in 2023 has reached multi-year lows. 

We haven't seen a similar period of sideways trading since 2019.

In fact, the one-year realized volatility hasn't seen these levels since late 2016.

On top of that, you've got "muted" derivative trading. 

Meaning… 

Bitcoin futures and options trading volume is close to all-time lows. 

With only $19 billion in total derivatives trade volume this month. 

The upside is this trend is not unlike previous cycles. 

Some believe the setup for a bitcoin halving rally is present. 

Fundamentals point to the positive. 

Especially when looking at a longer term horizon.

Making it rather definite that sentiment will pick up soon.

Meanwhile, if you want some quick action…

Cointelegraph Markets Pro consistently sends out hot alerts. 

About new market developments that move altcoin prices daily. 

Regards,

Russell DeCorte
Director
Markets Pro

© 2023 COINTELEGRAPH MARKETS PRO COINFIDENTIAL.
Facebook
Twitter
Link
Website
Copyright © 2023 Cointelegraph Markets Pro, All rights reserved.
You are receiving this email because you opted in at our website.

Our mailing address is:
Cointelegraph Markets Pro
21 W 46th St
New York, NY 10036-4119

Add us to your address book


Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.

Popular posts from this blog

Reddit Community’s MOON Tokens Soar

Image
Plus, Celsius settles with shareholders from its Series B funding round July 18, 2023 The latest moves in crypto markets, in context By Lyllah Ledesma, CoinDesk reporter Was this newsletter forwarded to you? Sign up here .    Supported By   Happy Tuesday! Here's what you need to know today in crypto: MOON, the native token of Reddit's r/Cryptocurrency community, has surged following the recent change in terms of service for the website.  Coinbase Earn is particularly vulnerable to being defined as a security, said Berenberg in a research report.  Celsius has agreed with its Series B shareholders over proceeds from the GK8 sale.     Latest Prices CoinDesk Market Index (CMI) 1,295 −9.3 ▼ 0.7% Bitcoin (BTC) $29,773 −327.5 ▼ 1.1% Ethereum (ETH) $1,887 −18.0 ▼ 0.9% S&P 500 futures 4,550.25 −3.5 ▼ 0.1% ...
Read more

Are Crypto Investors Protected?

Image
Webinar March 31 at 1 p.m. ET Sponsored by Trulioo As cryptocurrencies become increasingly mainstream and digital trading and investment platforms attract experienced and novice investors alike, regulatory reform, specifically the acceleration of new measures to mitigate financial crime, is adapting to protect consumers. Join Trulioo's exclusive webinar to hear how crypto exchanges can navigate the dynamic and evolving regulatory landscape.   Nick Lord of Blue Pool Communications will moderate a discussion with Trulioo SVP, Identity Solutions, Garient Evans and Bitbuy Chief Compliance Officer, Torstein Braaten.  Garient Evans SVP, Identity Solutions Trulioo Torstein Braaten Head of Regulatory Affairs & CCO Bitbuy Moderator Nick Lord Founder Blue Pool Communications   Copyright © 2022 CoinDesk, All rights reserved.    250 Park Avenue South New York, NY 10003, USA You can manage your preferences here or unsubscribe from all   CoinDesk ...
Read more

Coinbase's revolving door

Image
To view this email as a web page, go here. July 31, 2019 US FIRST: Any U.S. resident with a government-issued I.D. can now trade futures contracts for real bitcoin. Revealed exclusively to CoinDesk, LedgerX has officially launched the first physically settled bitcoin futures contracts in the U.S., beati...
Read more
powered by Coinlib
Advertise with Anonymous Ads