Bitcoin, Ethereum Technical Analysis: Bitcoin Hits $43,000 After Tesla Announ...
Following a strong weekend, bitcoin’s surge continued to start the week, as Tesla announced close to $2 billion worth of holdings in BTC. Overall, crypto markets were around 3% higher on Monday. Bitcoin Bitcoin, which consolidated for the majority of last week, moved closer to a three-week high today, climbing by as much as 3% as of writing. BTC/USD rose to an intraday high above $43,500.00 during Monday’s session, as markets reacted to the news that Tesla currently holds $1.9 billion in bitcoin. The move came as bitcoin marginally broke out of its resistance level of....
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Bitcoin was trading lower in today’s session, as it was revealed that Tesla had sold 75% of its holdings in the cryptocurrency. The news comes following the company’s Q2 earnings call, where they confirmed converting the token into fiat currency. Ethereum was also lower on the news.
Bitcoin
Following a recent run of gains, bitcoin (BTC) fell lower in today’s session, after it was revealed that Tesla had sold 75% of its holdings in the token.
Tesla stated that, “As of the end of Q2, we have converted approximately 75% of our Bitcoin....
Ethereum moved closer to $1,400 on Thursday, as the token rebounded from yesterday’s sell off. The world’s second largest cryptocurrency rose to its highest point in almost ten days during today’s session, as markets were marginally higher. Bitcoin was once again trading above $20,000.
Bitcoin
Bitcoin (BTC) was once again hovering above $20,000 on Thursday, as markets were boosted by better than expected private payrolls figures.
Ahead of tomorrow’s non-farm payrolls report, ADP private sector payrolls came in at 208,000, higher than the....
Ethereum was trading above $2,000 to start the weekend, as the token hit its highest point since May. Crypto markets were back in the green, after marginally consolidating in Friday’s session. Bitcoin moved closer to $25,000 on Saturday, however has still yet to breach this ceiling. Bitcoin Bitcoin (BTC) was marginally higher on Saturday, as the token once again attempted to climb above the $25,000 level. Following a low of $23,657.27 on Friday, BTC/USD hit an intraday high of $24,860.05 to start the weekend. The move saw bitcoin briefly break out of its resistance level of....
Bitcoin was trading close to $20,000 to start the weekend, as traders reacted to comments from U.S. Fed Chair Jerome Powell during Friday’s Jackson Hole summit. Powell warned that “there will be some pain ahead,” as the Fed attempts to bring the rate of inflation down. Ethereum was below $1,500 on Saturday. Bitcoin Bitcoin (BTC) was trading lower for a second consecutive session, as the token dropped below $21,000 to start the weekend. Following a high of $21,804.91, bitcoin moved closer to the $20,000 level, falling to an intraday low of $20,020.94. The move comes as....
Ethereum slipped below $1,900 during Thursday’s session, as prices dropped to a two-week low. Bitcoin was also trading lower over the course of the day, as it fell under $29,000. Overall, crypto was down over 3% as of writing. Bitcoin BTC fell below $29,000 earlier in today’s session, as bearish pressure continued to intensify heading towards the end of the week. Following a high of $29,972.64 only yesterday, the world’s largest cryptocurrency dropped to an intraday low of $28,954.97 earlier in the session. The move saw BTC/USD head for its support point at $28,800.....