Market Wrap

Bitcoin Retreats From $35K; Miner Selling Pressure May Cap Prices, Crypto Hedge Fund Says

BTC could run towards $40,000-$45,000 after consolidating around current prices, Capriole Investments said.

Traders have gotten very optimistic that a bitcoin ETF will get approved in the U.S.

The New York Attorney General filed early Thursday a lawsuit against Genesis, Gemini and DCG for allegedly defrauding investors of $1 billion.

Also, there's a growing consensus that SEC approval of a spot bitcoin ETF is surely in the cards.

By Stephen AlpherOct 18, 2023

Bitcoin's market share of all cryptocurrencies rises to highest since April 2021.

Meanwhile, the market continues to trend downwards amid higher-than-expected U.S. PPI, and CPI Data.

By Sam ReynoldsOct 16, 2023

Risk-off sentiment hit markets as a slightly hotter-than-expected inflation reading boosted U.S. Treasury rates and the dollar.

After failing again at $28,000 resistance over the weekend, bitcoin has retreated to its weakest level since late September.

Meanwhile, bitcoin's dominance continues to climb.

The crypto is on track for gains on Friday despite bearish U.S. jobs numbers which initially sent it down nearly 2%.

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