The Traderszone Network

Published in TZ Latest News 26 December, 2021 by The TZ Newswire Staff

The Crypto Trading Cycle: Asian Weak Hands Selling To US Whales

The Crypto Trading Cycle: Asian Weak Hands Selling To US Whales

It has been a rather testing time for the latest and newest cohort of crypto owners (especially those expecting quick and easy gains), because aside for major breakout at the start of the year, and a second one in the middle of 2021, bitcoin is where it was in February and ether, is at levels first hit in May. In its latest Crypto Compass note, UBS writes that extending weakness in major coin prices can be blamed on many things including Fed chair Powell’s latest hawkish pivot and options market fragilities.

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