The cryptocurrency trend was slightly positive over the past 24 hours, as some investors took new positions following the past two weeks of sell off.
Mixed trading conditions lie ahead for the global crypto market in the next 24 hours, with a bullish sun shining over Bitcoin, Polygon and Chainlink, while the other crypto coins followed by ATTMO will face bearish clouds.
The price of Bitcoin has declined more than 18 percent since the approval of the ten spot exchange traded funds (ETFs) on Jan 10. It is up 0.6 percent over the past 24 hours at 40,125 dollars. Further volatility is possible today as more than 3.7 billion dollars in Bitcoin options expire later today.
Over a one-week horizon, these bearish trading conditions will prevail over most of the crypto universe indicating downside pressure ahead. Litecoin and Dogecoin buck this negative trend with a bullish sun set to shine over them.
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Mixed trading conditions lie ahead for the global crypto market in the next 24 hours, with a bullish sun shining over Bitcoin, Polygon and Chainlink, while the other crypto coins followed by ATTMO will face bearish clouds.
The price of Bitcoin has declined more than 18 percent since the approval of the ten spot exchange traded funds (ETFs) on Jan 10. It is up 0.6 percent over the past 24 hours at 40,125 dollars. Further volatility is possible today as more than 3.7 billion dollars in Bitcoin options expire later today.
Over a one-week horizon, these bearish trading conditions will prevail over most of the crypto universe indicating downside pressure ahead. Litecoin and Dogecoin buck this negative trend with a bullish sun set to shine over them.
Follow us for more crypto weather reports!
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