Cryptocurrency Traders Become Cautious, Prefer Bitcoin Over Risky Altcoins Bets

Cryptocurrency Traders Become Cautious, Prefer Bitcoin Over Risky Altcoins Bets

Bitcoin has recovered to around $92,000 after last week’s $2 billion liquidation event, but traders are taking a cautious positioning amid high volatility and looming central bank decisions. According to market maker Wintermute, market activity has dropped sharply to bitcoin and Ethereumand investors prefer delta and carry neutral strategies over directional exposure to altcoins while…

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Bitcoin price under pressure, falls below ,000 as ‘self-fulfilling prophecy’ puts focus on 4-year cycle

Bitcoin price under pressure, falls below $94,000 as ‘self-fulfilling prophecy’ puts focus on 4-year cycle

Bitcoin (BTC-USD) remained under pressure on Monday, falling below $94,000 and raising its losses from all-time highs in October to around 25%. The decline is raising questions about whether this remains a temporary correction or the start of another four-year cycle that led to a longer-term sell-off. The token has declined sharply since $19 billion…

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