$BTC 24 Hour High $36,500
$BTC 24 Hour Low $33,333
$BTC +2.48% past 24 hours
It was a slightly rocky weekend for Bitcoin, as it started Saturday with a 4.6% rise only to have those gains wiped clean, and then some, with an ~11% drop to the $33,300 level – where it finally bounced off just as Sunday started. After a 9.5%rise , $BTC has now cooled off and is currently consolidating in the mid $35,000s.
The weekend headlines were a tale of two halves, with diametrically opposed reports coming out of the UK and US. In the UK, Starling Bank has temporarily banned outgoing cryptocurrency deposits, “due to what it calls suspected financial crime.” The digital bank says they’ll be reversing the ban following further investigations. Meanwhile, on the other side of the pond and the other side of market sentiment, Andreessen Horowitz, the large American venture capital firm, trying to raise $2 billion for a crypto fund. Notable previous investments from a16z include Coinbase and NFT platform OpenSea.
Digital assets market:
- $BTC is down 3.13% on the day, support/resistance – $35,400/38,700
- $BTC liquidations and funding: $109M, 0.013% average
- $ETH is down 4.42% on the day, support/resistance – $1,990/$2,730
- $ETH liquidations and funding: $85M, 0.01% average
Alts and DeFi watch:
- DeFi TVL: $59.85 billion
- Total crypto market capitalization down $55 billion on the day
- $UNI down 9% in the past 24 hours
- $THETA down 9.5% in the past 24 hours
More news that caught our eye:
OSL Trader View is contributed by Santiago Nazaretti and Jose Reyes
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