CryptoSlate

Bitcoin flashes 8 capitulation signals, but traders just spent $552 million protecting against another crash

Bitcoin flashes 8 capitulation signals, but traders just spent $552 million protecting against another crashWorldPing

Bitcoin is showing some of the strongest capitulation signals of the current downturn, suggesting the selloff may be entering a later stage even as the market offers little evidence of an imminent rebound.

This is a short WorldPing brief. The full report was published by CryptoSlate.

Read the full report at CryptoSlate

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Bitcoin surpassed $79,000, boosting market cap past $1.55 trillion and pushing the broader crypto market to $2.65 trillion amid growing fears over $40 trillion in U.S. national debt.

Brief by WorldPing · Original reporting by Bitcoin.com