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Does the Bitcoin 'Debasement Trade' Narrative Still Hold Up After the Crash?
Gold hit a new high on Monday, while Bitcoin remains wounded. Will crypto still be an asset of choice for traders wanting to dodge currency …
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5 Articles
Bitcoin Price Crash Tests $110,000 Support as Gold Soars Amid Debasement Trade
Bitcoins price is once again testing crucial support levels at around $110,000 following a major crypto market liquidation event. Analysts warn of another potential 15% drop, with short traders piling in and threatening a further decline toward the $96,530 mark. CryptoQuants Head of Research, Julio Moreno, noted that this is the third major attempt by short traders to push BTC below the $110,000$108,000 range, emphasizing a sharp increase in sho…
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