Bitcoin is back above $16,000, but eyes are on a $12,000 exchange buy wall.
Momentum took the pair to $16,189 before consolidating, marking gains of 3.7% versus the day’s lows.
Talk among analysts remained tied to the Digital Currency Group family, including Grayscale, currently at the center of rumors over fallout from defunct exchange FTX. For monitoring resource Material Indicators, a “guard rail” bid at $12,000 could ultimately be what protected the market should a major capitulation occur over the Thanksgiving holiday period.contributor“This new $70M buy wall could be a guard rail for the holiday week, it could be related to speculation on a Grayscale announcement or something else. Regardless, we always keep an eye on new fat buy walls.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'FTX Accounts Drainer' Offloads 50,000 ETH, Entity Uses Ren’s Bitcoin Gateway to Acquire BTC – Bitcoin NewsOn Nov. 20, the wallet known as “FTX Accounts Drainer” transferred roughly 50,000 ethereum out of the wallet.
Read more »
Bitcoin, Ethereum Technical Analysis: BTC Below $16,000 Amid Increased Market Volatility – Market Updates Bitcoin NewsBitcoin slipped below $16,000 on Nov. 21, as markets continued to react to the news that the FTX contagion had impacted yet another firm.
Read more »
Bitcoin slumps below $16k as lender Genesis faces bankruptcy risk By Investing.com*BITCOIN SLUMPS BELOW $16,000 AS CRYPTO LENDER GENESIS FACES BANKRUPTCY RISK BTC BITCOIN $BTC
Read more »
Bitcoin price levels to watch as traders bet on sub-$14K BTCWhere will Bitcoin end up this week? $14K is looking like an interesting number. (Reporting via WilliamSuberg)
Read more »
GBTC next BTC price black swan? — 5 things to know in Bitcoin this weekHere five things to bear in mind on Bitcoin and BTC price action this week.
Read more »
Bitcoin (BTC) Difficulty Spikes to New Record Over 36.95 TBitcoin (BTC), largest cryptocurrency, has its mining difficulty increased by over 60% in last 12 months
Read more »