Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
#Bitcoin Price Closes Below $69,000 - Caution Advised
An extremely changeable market over the weekend saw the $BTC price finally close below the previous all-time-high of $69,000. Could this be a sign that we are in for a much deeper correction?
Much price volatility
After a 6% dive for the bitcoin price on Saturday, this was followed by a 4.7% rally on Sunday. This strong volatility in price has been apparent ever since $BTC rose to take out the previous all-time-high of $69,000, with as much as a 6% drop last Tuesday, a 5.6% gain the preceding Monday, and much chop and change since then.
That said, the position now is a bit more precarious for $BTC. The failure to make a weekly close above $69,000 could prove to be a sign that last Thursday’s new all-time-high of $73,800 could have marked the top, and that we are now going to experience a much deeper correction.