Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
FXCM Inc (NYSE: FXCM) shares are trading lower by $1.70 at $15. It is trading lower for the third day in a row, losing over $5 from its December 29 close of $19.80. The following day, it ran intra-day to $24.77 before reversing and ending that session at $18.48.
The mysterious rally from its December 7 close ($8.77) baffled Wall Street -- even the company's CEO who could not identify a reason for the unusual price action.
After a weak close in Thursday, FXCM barley got into Thursday's range (low of $16.32, today's high of $16.42) before turning lower.
So far, its has reached $14.07 and is attempting to reclaim the $15 handle. Based on the daily price, there may not be any major support until the series of lows at the $11.00 level. From December 21-28, it made five consecutive lows between $10.80 and $11.21.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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