Financial markets from stocks to bonds to cryptocurrencies have been fixated on inflation readings as the economy reheats.
Bitcoin saw the quietest trading week since October 2020.
Bitcoin's long-term moving averages are about to produce yet another bearish crossover.
"SNX's upside is in part supported by the latest update from the team in relation to the planned collaboration with Optimism," one analyst said.
Analysts see the possibility of further selling pressure despite short-term relief.
A strangle is essentially a bet that bitcoin’s price won’t break out anytime soon.
Reflation bets are those that benefit from a pickup in economic growth and inflation.
Upside appears to be limited.
The daily chart for bitcoin shows prices have been caught between $36,000 and $31,000 since at least June 21.
“We expect volatility to remain under pressure until mid [to] late August,” said one trading firm.
Jeremy Allaire made the promise at a time when investors have been demanding more transparency around USDC.
Sellers are in control after bitcoin broke below a series of higher price lows from the June 22 shakeout around $29,000.
Alexander Hoeptner says "discussions need to be had" with regulators.
Ether is attempting to break above the 50-day moving average for the first time since March.
Kraken is disputing the premise that a wave of GBTC shares hitting the secondary market will drive the price of bitcoin lower.