Cryptocurrencies
Cryptocurrencies Index Flashes First Buy Signal in Three Months
- Bitcoin is on pace for third consecutive quarterly decline
- Crypto index ends strongest selling trend since July 2019
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After weeks of brutal selling, technical gauges are signaling potentially positive developments ahead for battered crypto assets.
According to the GTI Vera Convergence Divergence Indicator, which measures up and down shifts, the Bloomberg Galaxy Crypto Index flashed its first buy signal in over three months. In addition, it ended the strongest selling trend since late July.