Bitcoin Yn brwydro i dorri lefel $40,000, i lawr 4% yn ystod y 24 awr ddiwethaf

Gan NewsBTC - 2 flynedd yn ôl - Amser Darllen: 2 munud

Bitcoin Yn brwydro i dorri lefel $40,000, i lawr 4% yn ystod y 24 awr ddiwethaf

Bitcoin isn’t the king of cryptocurrency for nothing. Most major cryptocurrencies have dipped incredibly low on Saturday, and that includes Bitcoin (BTC) but it doesn’t seem to budge.

Bitcoin was trading at $39,510 late Friday, down 4%, based on charts by Coingecko, which signals dangerous waters in trading. Traders have incurred monumental losses in equity with this trend.

It’s a consolation though that right now Bitcoin and other cryptocurrencies are frequently linked to stocks in terms of volatility in interest rates and market values.

Darllen a Awgrymir | Tocynnau Metaverse Ar Overdrive, Outpace Bitcoin Ac Ethereum

The Big 4% Dip for Bitcoin

Four percent might be too small to matter but it does to Bitcoin and all other cryptocurrencies. With that big dip, investors and traders are increasingly aware of the risks and have decided to wait on the sidelines and see what happens next rather than risk severe losses along the way.

Fodd bynnag, gall peidio â gweithredu ar yr amser iawn brifo a lleihau enillion y farchnad.

Altcoins also went further down compared to Bitcoin. Fundamentally, it is typical for altcoins to underperform when pitted with other cryptocurrencies especially BTC because it has a higher risk profile in comparison to BTC.

Despite Dip, Bitcoin Remains Stable

On a more positive note, technical indicators have shown that Bitcoin is meant to be more stable at $38,500 even with the reduced price momentum. Traders are always on the lookout for unexpected spikes in prices so the downtrend with BTC may make it entirely painstaking for options traders to generate profit in these erratic price swings.

BTC total market cap at $755. billion on the weekend chart | Source: TradingView.com

Suggested Reading | Move Over Bitcoin - Ai Shiba Inu yw'r Aur Crypto Nesaf?

Gall tueddiadau presennol o amgylch y bydoedd crypto a metaverse effeithio'n fawr ar ymddygiad masnachwyr. Er enghraifft, pan ddywedodd cyd-sylfaenydd BitMEX, Arthur Hayes, fod damwain pris BTC ar ddod yn edrych ar oddeutu $ 30,000, dilynodd masnachwyr yn gwerthu eu BTC.

This caused traders to sell their May and June option calls like crazy causing the risk reversals to drop from -6% to about -10%  for both Bitcoin ac Ethereum.

Dal yn Tueddiad Tarwllyd

Gyda Bitcoin’s lowest low registering the past couple of days, this also highlights the minimized bearish sentiment on the side of options traders. Traders being cautious at this point in time are fairly predictable.

Ar y cyfan, mae gweithgareddau masnachu'r farchnad arian cyfred digidol byd-eang wedi'u lleihau'n sylweddol ar $1.88 gydag enillion bach iawn a welwyd yn ystod y 24 awr ddiwethaf. Serch hynny, cododd cyfanswm y cyfaint masnachu i tua 18%.

Er bod y polisi ariannol llym iawn wedi cael effaith negyddol ar asedau hapfasnachol fel cryptocurrencies a stociau, mae'r dangosyddion yn dangos yn glir y bydd yn aros yn bullish am ychydig.

Featured image from EPA-EFE, chart from TradingView.com

Ffynhonnell wreiddiol: NewyddionBTC