Altcoins, the collective group of cryptocurrencies other than bitcoin, are mostly higher on Wednesday. Bitcoin futures extended their losing streak to three days, finishing lower on Wednesday.
Bitcoin regains its footing after recent selloff
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Cryptos Bitcoin regains its footing after recent selloff Published: Feb. According to blockchain data and intelligence provider Glassnode, while the correction created signature sideways and choppy behaviour, it seems buyers are stepping in sooner, and fewer HODLers are letting go of their coins this cycle. Last week, bitcoin witnessed a surge in prices for the first few days, which was a part of the hype cycle that was coupled with FOMO, and by the middle of the week, significant price correction kicked in. As we have entered the last month of our financial year and we are expecting some people to do profit or loss booking to take advantage of paying income tax by negating their other sources of income to be loss or profit, respectively.
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Bitcoin Regains Some of Its Weekend Losses |
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Bitcoin Regains Some Of Its Weekend Losses
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