Bitcoin, Ethereum Technical Analysis: ETH Moves to 2-Month High Above $1,900
Ethereum surged to a two-month high above $1,900 on Thursday, as the token continued to rally following yesterday’s U.S. inflation report. Inflation in the United States was at 8.5% in July, giving traders some optimism on a potential gradual recovery. Bitcoin was also in the green, as prices moved closer to $25,000. Bitcoin Bitcoin (BTC) was up for a second straight session on Thursday, as prices continued to react to the latest inflation report. Following a low of $23,031.88 on Wednesday, BTC/USD surged to an intraday peak of $24,669.13 earlier today. The move saw the....
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Bitcoin moved away from its recent low of $20,000 on Thursday, following a historic rate hike from the Federal Reserve. As inflation in the United States rose to a 44-year high of 8.6% last month, the Fed responded by hiking rates by 0.75%. ETH was also marginally higher today. Bitcoin BTC was marginally higher on Thursday, as markets responded to the latest interest rate hike from the Federal Reserve. The Fed opted to hike rates by 75 basis points (bps) during its latest policy meeting, with BTC/USD rising to $22,868.92 as an ostensible result. Thursday’s move sees bitcoin move....
Market uncertainty in crypto was once again higher on Thursday, as traders continue to anticipate next week’s Fed decision. Following a drop to a one-month low during Wednesday’s session, BTC rebounded, with prices now hovering below $40,000. ETH also rallied, attempting to break out of the $2,950 resistance level. Bitcoin BTC was back in the green on Thursday, as bulls bounced back following yesterday’s drop, which sent prices to a one-month low. Wednesday saw BTC/USD trade at a bottom of $38,555.90, however the momentum swung today, with prices hitting an intraday....
Ethereum surged to a two-month high on Monday, as crypto prices have mostly moved higher following Friday’s nonfarm payrolls report. Bitcoin rose to a one-week high, as the token climbed above $24,000 to start the week. Overall, the global market cap is trading 4.11% higher as of writing.
Bitcoin
Bitcoin (BTC) was up for a second successive session to start the week, with prices moving closer to a key resistance level.
Following a low of $23,024.80 on Sunday, BTC/USD rallied to an intraday peak of $24,153.34 earlier in today’s session.
As a....
Ethereum price after dipping a few points towards $9.20 found support. It looks like ETH/USD is struggling to gain pace in the short term. Ethereum price ETH showed no signs of bullish moves, and continued to trade in a tiny range. It looks like the ETH bulls are not able to find a solid reason to take the price higher. We can say that ETH/USD is currently directionless and it may continue to trade in a range in the short term. There are a couple of bearish trend lines formed on the hourly chart (data feed via Kraken) of ETH/USD, which may ignite moves. The price just moved above the 100....
Ethereum rebounded during Thursday’s session to recapture the $3,000 level, climbing to a fresh one-month high in the process. This comes as BTC rose back above $43,000, hitting a 20-day high as a result. Bitcoin On Thursday, BTC rose to its highest level since March 3, as prices of the world’s largest cryptocurrency gained for a third consecutive day. After trading at a low of $41,812 on Wednesday, BTC/USD rallied to a peak of $43,231.29 during Thursday’s session. This is the highest price bitcoin has hit in 21 days and comes following a breakout of the $42,500....