“Bitcoin rises above $90,000 for the first time in a week amid growing market optimismBitcoin surpassed $90,000 for the first time in a week after a month-long decline, which occurred amid a rise in risky assets and
reduced volatility. This growth was supported by signals from the options market and an inflow of funds into BlackRock’s US
Bitcoin exchange-traded fund.
”, — write: unn.ua
DetailsThis dynamic was supported by signals from the options market and an inflow of funds into BlackRock’s US Bitcoin exchange-traded fund, which broke a series of redemptions. Market liquidity remains low ahead of Thanksgiving, but reduced volatility and the absence of forced selling allow bulls to test new levels.
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It is likely that the sharp nature of this move is due to the holiday market. Essentially, there is less liquidity now, which means it takes much less to move the dial
– explained Adam McCarthy, an analyst at Kaiko.
Despite a 36% drop from its record peak in early October, implied volatility remains moderate, indicating the token’s institutionalization and a change in risk transfer mechanisms.
Bitcoin has crashed by almost 30% since October, market lost over $1 trillion – FT18.11.25, 11:39 • 2620 views
Bitcoin’s highest level this week in the 80s served as a consolidation support level – amid negative downward trends over the past few weeks
According to Bloomberg Intelligence, inflows into Bitcoin exchange-traded funds amounted to about $130 million on Tuesday, while in November, investors withdrew almost $3.6 billion from 12 US ETFs, which was the largest monthly outflow since the launch of such products.
Crypto market under pressure: Bitcoin crashed below $100,000, ETF investors withdrew almost $900 million14.11.25, 13:04 • 2789 views