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Additionally, the RSI is currently at 0, which is generally considered oversold, suggesting that the price has fallen too rapidly and might be poised for a bounce or upward correction.
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midwit news

The U.S. 10-Year Treasury Yield Confounds Bitcoin Bulls Despite Anticipated Fed Rate Cuts
Key Takeaways Bitcoin enthusiasts are eagerly awaiting Federal Reserve interest rate cuts to stimulate a decrease in bond…

FDIC’s Regulatory Framework for Stablecoins: GENIUS Act Advances Set for December
Key Takeaways The U.S. FDIC is poised to propose initial regulations under the GENIUS Act concerning stablecoin issuers…

Bitnomial Pioneers First CFTC-Regulated Spot Crypto Market
Key Takeaways Bitnomial becomes the first exchange to offer CFTC-regulated spot crypto trading in the U.S. This initiative…

Bitcoin’s Uncertain Path: The Impact of U.S. Treasury Yields on Cryptocurrency Markets
Key Takeaways: Bitcoin investors are facing challenges despite Federal Reserve rate cut expectations, as persistent high Treasury yields…

Lessons from Crypto Setbacks: Navigating the Volatility
Key Takeaways The unpredictable nature of the crypto market necessitates strong risk management strategies. Investing in crypto requires…
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