Bitcoin sees its highest ever daily close as BTC/Euro pair hits all-time highs

The European Central Bank is concerned over inflation in the euro area rising beyond its own expectations, a high-ranking ECB official has admitted. However, Europe’s monetary authority is not prepared to raise interest rates at this point in time, the executive unveiled. ECB Sees No Reason to Adjust Interest Rates Despite Eurozone Inflation Reaching 5% Annual inflation in the area of the common European currency, the euro, has increased for a sixth consecutive month to a record high of 5% in December, according to preliminary estimates from Eurostat quoted by Trading....

What happens at the end of the day will determine the extent of Bitcoin's breakout and what might lie ahead, analysts say. Bitcoin (BTC) climbed to new multi-month highs later on Aug. 20 as an extended rebound took hold of crypto markets.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewDaily close "most important" for BitcoinData from Cointelegraph Markets Pro and TradingView confirmed that BTC/USD hit its highest level since mid May during FridayAfter daily gains of almost 7%, Bitcoin saw a sudden surge to hit $48,630 on Bitstamp at the time of writing, with bullish momentum....

A comedown from its highest levels in a week sees Bitcoin price action hover immediately under short-term support targets. Bitcoin (BTC) threatened a significant retracement overnight into March 23 as weekly highs saw their first test.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC misses out on "very bullish" daily closeData from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping from a peak of $43,337 to lows of $41,779 on Bitstamp before recovering.At the time of writing, the pair traded at around $42,300 — still $1,000 off the highs.Enthusiasm had been....

An exciting week begins with Bitcoin back challenging all-time highs and ETFs seeing a potential U.S. launch. Bitcoin (BTC) simply refuses to die this week as a dip below $60,000 barely lasts an hour and bears are burned yet again.After a fairly calm weekend, Sunday saw a typical drawdown before a dramatic resurgence took place for BTC/USD just an hour later.With that, Bitcoin has preserved not only its bullish trajectory but has also sealed its highest weekly close ever — around $61,500.As the market braces for a possible start of trading for the United States’ first Bitcoin....

The same day that a Bitcoin futures ETF gets publicly listed on the NYSE in the U.S., bitcoin hits a new all-time high against the euro.