Over the last day, Decentraland (MANA) has seen some of the most spectacular advances in crypto. The coin is now stabilising, and there is a probability that it may continue to rise in the coming week.
BCH is attempting to gain support around the $300 trading level, according to the daily chart. The 50-day SMA indication is higher than the 14-day SMA. They’re also near the $350 resistance level, demonstrating that the value-line remains a critical stumbling block for the market’s further upswings. The Stochastic Oscillators have tightened their southward crossing to a range of 20. They’re heading south around it, implying that the bearish swings aren’t going away anytime soon.
After moving in the range-bound zones of $45,000 and $40,000, the BTC/USD market activity declined. The crypto market eventually found support around $37,500, which has served as the starting point for a rally.
If nothing extraordinary happens, the Federal Reserve will raise interest rates and implement “quantitative tightening”, that is to withdraw liquidity from the market, in its fight against the high inflation rate.
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With bitcoin trading mostly sideways during the weekend, without any major movement, the top cryptocurrency by market cap still fell under the important $40,000 mark.
The post BTC below 40k, short-term holders drive volatility while geopolitics spook markets appeared first on CryptoSlate. Source cryptoslate.com…