Pro traders adopt a hands-off approach as Bitcoin price explores new lows

Bitcoin’s (BTC) current 20% drop over the past four days has put the price at its lowest level in nine months and while these movements might seem extraordinary, quite a number of large listed companies and commodities faced a similar correction. For example, natural gas futures corrected 15.5% in 4 days and nickel futures traded … Read more

3 reasons why Bitcoin price is clinging to $38,000

Bitcoin (BTC) has been unable to break from the 26-day-long descending channel. Investors are uncomfortable holding volatile assets after the United States Federal Reserve pledged to reduce its $9 trillion balance sheet. While inflation has been surging worldwide, the first signs of an economic downturn showed as United Kingdom’s retail sales fell 1.4% in March. … Read more