Bitcoin, Ethereum Strong, Dogecoin Slips: Analyst Sees End Of Crypto Winter If These 2 Things Happen During Earnings Season – Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD )

The two largest coins were in the green on Sunday night as the world cryptocurrency market cap rose 0.5% to $921 billion as of 9:25 p.m. EDT.

Price performance of major coins
Piece of money 24 hours 7 days Price
Bitcoin BTC/USD 0.4% -1.55% $19,197.35
Ethereum ETH/USD 1.8% -2.3% $1,302.79
Dogecoin DOGE/USD -0.6% -5.75% $0.06

Top 24 hour gainers (data via CoinMarketCap)
Cryptocurrency % change over 24 hours (+/-) Price
caspar (CSPR) +21.1% $0.05
Synthetix (SNX) +8.8% $2.26
Waves (WAVES) +5.4% $3.48

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Why is this important: Bitcoin and Ethereum rose, as did US stock futures at the time of writing, ahead of another week of trading.

The week ahead will be littered with earnings from US companies, which are grappling with record inflation and fears of a looming recession.

Senior Market Analyst OANDA Edouard Moya said in a recent note, seen by Benzinga, that Bitcoin has held up well amid the recent turmoil seen on Wall Street.

“Risk aversion is wild and Bitcoin is not breaking. Fed rate hike expectations are rising and Bitcoin is still holding the $19,000 level,” Moya said.

Moya pointed out that Bitcoin’s period of stabilization is “good news” for long-term bulls. “High-frequency trading systems and hedge funds have their favorite shorts and right now it looks like Bitcoin is becoming a long-term bet for many.”

“If US stocks fall below the 3,600 level this earnings season and Bitcoin does not fall below summer lows, the crypto winter can officially be called off,” the analyst said.’s “Crypto Fear & Greed Index” listed “Extreme Fear” for the new trading week. The index registered 20 at the time of writing, while last week it was 22. A value of 0 means “Extreme fear”, while 100 represents “Extreme greed”.

Michael van de Poppe tweeted a “big week ahead”. The Amsterdam-based cryptocurrency trader said markets and technical analysis show a “big move is about to take place.”

Van De Poppe said Bitcoin is “tight” and ready for a “breakout” above the $19,600 level.

Bitcoin Funding Rate – Courtesy of CryptoQuant

The Community Analytics Platform analyst pointed out that the metric’s values ​​are “significantly low” compared to the 2019-2021 period, indicating a “massive lack of demand and activity in the futures market “.

The funding rate “should be watched closely in the near term, as possible extreme negative values ​​increase the likelihood of a short squeeze and could lead to a reversal in the price of the cryptocurrency,” the analyst said.

On the Ethereum side, shark and whale addresses holding 100 to 1 million ETH have dropped by 3.3 million ETH in the past few weeks, tweeted Holy. The market intelligence platform said this equates to almost $4.2 billion in “undervalued coins”.

“The asset price vs. [Bitcoin] had ups and downs depending on [the] behavior of these key stakeholders.

Read more : Bitcoin Volatility Below Stocks: Boon or Bane?

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