bitcoin range – pressnews

[ad_1] The cryptocurrency market appears by some measures to be poised to break out of the narrowest trading range in almost two years. The cryptocurrency market appears by some measures to be poised to break out of the narrowest trading range in almost two years. Based on one gauge, the leverage ratios for the two largest tokens by market value -- Bitcoin and Ether -- are at the highest on record even with prices of both down more than 50% this year. That is calculated by taking the amount of open interest for perpetual swap contracts and dividing that by the amount of coins held in reserve on exchanges, according to blockchain data-site CryptoQuant. “Folks think the market has stabilized and are willing to make bigger ...

[ad_1] Bitcoin briefly approached the highest levels of the week before pulling back as investors continue to debate the implications of rising borrowing rates for riskier assets. Bitcoin briefly approached the highest levels of the week before pulling back as investors continue to debate the implications of rising borrowing rates for riskier assets.The largest token by market value was little changed after earlier rising as much as 1.8% to $20,438. Ether and Polkadot both pulled back after each rose more than 3%. Other cryptocurrencies were mixed, with an index of 100 of the largest digital tokens added about 1%. Bitcoin's been glued to a tight trading range of around $19,500 to $20,700 over the past week, with the coin unab...

Tag: bitcoin range

Bitcoin Is Seen Poised to Escape From Tightest Range in 2 Years

Bitcoin Attempts to Break Range While Testing Highs of the Week