(+) Ethereum fell, though not quite as expected
Ethereum. Regular readers will recall that I suggested yesterday morning (China time) that it was time to pull the stops in very tight on ETH. Those following me on twitter received a pic of a rising wedge chart pattern before and after it broke, with the implicit suggestion that the market was showing signs of an impending breakdown. That breakdown came, but not until after the chart registered a double top which can only be described as nerve-wracking to the extreme. Still, I suppose I should have foreseen the possibility of a brain-bleeding double top, as that is what it took to get....
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Cryptocurrency prices plunged in today’s session, as markets reacted to the latest U.S. inflation report. Bitcoin fell by over $2,000 in the last 24 hours, as consumer prices fell by less than expected in the United States. Ethereum was also in the red, as the token dropped below $1,600. Bitcoin Bitcoin (BTC) was trading lower in today’s session, as markets continued to react to the latest U.S. inflation report. Following a peak of $22,673.82 on Tuesday, BTC/USD dropped to an intraday low of $20,062.67 earlier today. Markets had expected August’s consumer price index....
Ethereum has dropped in tandem with Bitcoin over the past few days. The leading cryptocurrency fell as low as $330 while BTC slipped to $10,400. While Ethereum has since recovered from those lows to $345, the coin is expected to resume its move lower. Analysts currently see the cryptocurrency moving towards the $300 region. While this short-term drop is expected, investors are optimistic because Ethereum is forming a medium-term falling wedge. A falling wedge is […]
Bitcoin fell below $20,000 during Wednesday’s session, as markets reacted to yesterday’s weaker-than-expected consumer confidence report. The expectation for economic growth also fell to a nine-year low. This resulted in ETH also dropping, with prices hitting a six-day low. Bitcoin The world’s largest cryptocurrency fell below $20,000 on hump day, as traders reacted to Tuesday’s consumer confidence report. Figures from the Conference Board showed that its index went from 103.2 in May, to 98.7 during June. As a result of weakening expectations for economic....
Bitcoin fell to its lowest level in over two months, as Friday’s non-farm payrolls report showed an addition of 428,000. It was expected that last month’s payrolls would show an increase of 391,000 jobs — lower than March’s figure of 431,000. ETH also fell on the news, hitting a six-week low.
Bitcoin
Bitcoin fell by nearly 10% in today’s session, as traders continue to react to recent action by the Federal Reserve to hike interest rates.
Today’s drop, which sees prices of BTC/USD hit an intraday low of $35,714.30, also comes....
Ethereum fell to a nine-day low during Tuesday’s session, as the U.S. dollar rose to a two-week high. The decline comes ahead of this week’s U.S. inflation report, which is expected to show consumer prices falling by 0.2% month-on-month. Bitcoin was also in the red during today’s session, moving below $19,000. Bitcoin Bitcoin (BTC) fell below $19,000 for the first time in over a week in today’s session, as the U.S. dollar rose in strength. USD climbed to its highest point in nearly two weeks versus several of its G7 counterparts, ahead of Thursday’s....