LockMeta
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
Twitter Telegram
LockMeta
Twitter Telegram
Google News
  • Latest News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
LockMeta
News

Investors pause selling, Bitcoin snaps five-session losing streak

January 25, 2022
Share Facebook Twitter Telegram WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte
Investors pause selling, Bitcoin snaps five-session losing streak

On Monday, bitcoin ended a five-session losing streak and was last up 2.5 percent at $37,250. Earlier in the session, bitcoin fell to around $32,900, its lowest level in nearly six months.

In addition to Bitcoin, U.S. stocks also rebounded late Monday. In Monday’s session, the Dow once fell by more than 1,000 points, and the Nasdaq once fell nearly 5%. However, in the late trading hours, the three major U.S. stock indexes rose rapidly and eventually turned red.

Bitcoin will end the week above the $37,400 level, said Katie Stockton, founder of technical analysis firm Fairlead Strategies. This support level will likely determine whether this drop in Bitcoin is a short-term correction in an uptrend or the beginning of the next bear market.

She explained that if Bitcoin ultimately fails to break above this point, “the long-term uptrend could be reversed.”

Bill Barhydt, CEO of cryptocurrency trading platform Abra, believes that Bitcoin and Ethereum may lead the entire cryptocurrency market out of the trough, and there are various signs that Bitcoin is at or near a bottom.

According to Coinlass, about $465 million in cryptocurrency assets were liquidated in the past 24 hours, with bitcoin accounting for $167 million.

Previous ArticleHackers use openSea platform vulnerability to steal users’ million-dollar NFTs
Next Article Goldman Sachs: The Metaverse could ve an $8 trillion opportunity

Related News

February 1, 2023

Yuga Labs owns the copyright of BAYC and grants BAYC NFT holders the right to use its IP

February 1, 2023

Intellectual property lawyer: Yuga Labs owns the copyright of BAYC and grants BAYC NFT holders the right to use its IP

February 1, 2023

Global asset management giant BlackRock increases stake in crypto-friendly bank Silvergate Bank

February 1, 2023

Arcane Research Analyst: Cryptocurrency Market May Be Overly Optimistic About Fed’s Quick Shift

February 1, 2023

Data: The proportion of Bitcoin UTXO over 5 years increased by 17% in the past six months

January 31, 2023

The Sandbox’s SAND is up 90% since the beginning of the year before token unlocking

January 31, 2023

Crypto investment firm Pantera Capital plans to pivot back to altcoin investing

January 31, 2023

Encrypted gaming platform Oh Baby Games announces $6 million in financing

The Latest
NFT News February 1, 2023
Yuga Labs owns the copyright of BAYC and grants BAYC NFT holders the right to use its IP
NFT News February 1, 2023
Intellectual property lawyer: Yuga Labs owns the copyright of BAYC and grants BAYC NFT holders the right to use its IP
Business News February 1, 2023
Global asset management giant BlackRock increases stake in crypto-friendly bank Silvergate Bank
Business News February 1, 2023
Arcane Research Analyst: Cryptocurrency Market May Be Overly Optimistic About Fed’s Quick Shift
Bitcoin News February 1, 2023
Data: The proportion of Bitcoin UTXO over 5 years increased by 17% in the past six months

LockMeta provides the latest crypto news flash including Bitcoin, Ethereum, Altcoins, NFTs, Metaverse, Business and Policy. Get today's latest crypto news in a minute.

Twitter Telegram
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
  • About Us
  • Contact Us
  • Advertise
  • Terms of Service
  • Privacy Policy
© 2023 LockMeta.

Type above and press Enter to search. Press Esc to cancel.