Equity markets in Canada’s largest centre opened lower on Tuesday due to losses led by mining shares as investors assessed new U.S. tariffs, while e-commerce giant Shopify rose 4.8% after beating fourth-quarter revenue estimates. The TSX stumbled 138.24 points to open for business Tuesday at 25,520.63. The Canadian dollar gained 0.09 cents at 69.84 cents U.S. …
Read More »Will The Bitcoin Downward Trend Continues? Key Trendline Support In Focus
With bearish pressure mounting in Bitcoin’s market dynamics, the flagship asset is likely to experience further price decline in the upcoming days. However, several support ranges continue to act as a roadblock to recent negative moves, holding off against an extended correction. Trendline Support To Determine Bitcoin’s Next Phase Bitcoin’s price action hangs in the balance as crypto expert and …
Read More »Bitcoin downward pressure ‘abated’ as sell-side markets shrink
Bitcoin has likely passed the worst of its downward pressure in the short term as the cryptocurrency has seen a steep decline in sellers on exchanges, according to crypto analysts. “Bitcoin’s sell-side liquidity is shrinking at a rapid pace,” Bitfinex analysts said in a Jan. 6 markets report. Declining liquidity inventory ratio is bullish for Bitcoiners The analysts explained that …
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