Bitcoin, Ethereum Technical Analysis: BTC Rebounds Following Bullish Comments...
Bitcoin started the week trading below $17,000, as volatility in the cryptocurrency space continued to intensify. Following last week’s collapse of FTX, account withdrawals have increased, with several customers opting to remove their tokens from exchanges. However, strong comments from Twitter CEO Elon Musk have helped boost prices. Ethereum remained below $1,300 on Monday. Bitcoin Bitcoin (BTC) started the week trading below $17,000, as market volatility remained high, following last week’s collapse of FTX. Since FTX’s bankruptcy, the market has struggled to attempt....
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Bitcoin rose by over $2,000 in the last 24 hours, as markets responded to bullish comments from United States Federal Reserve Chair Jerome Powell. Speaking yesterday, Powell stated, “We need to act now, forthrightly, strongly as we have been doing.” Ethereum also surged, moving above $1,700 on Friday.
Bitcoin
Bitcoin (BTC) rose rapidly during today’s session, as markets responded to bullish comments from Jerome Powell.
Speaking on Thursday, the Fed Chair hinted at further rate hikes, stating that, “My colleagues and I are strongly committed....
Following Russia’s invasion of Ukraine, volatility in bitcoin and ethereum prices intensified, with both falling to one-month lows on Thursday. Both have since moved away from these lows so far today, in what looks like temporal consolidation.
Bitcoin
As of writing, cryptocurrency markets are up by over 7% on Friday, with bitcoin trading 8% higher heading into the weekend.
This comes following a low of $34,997.01 yesterday, with BTC/USD hitting an intraday high of $38,968.84 earlier in today’s session.
Friday’s move sees BTC momentarily....
Cryptocurrency prices rebounded on Friday, as markets prepared for the latest U.S. nonfarm payrolls (NFP) report. It is expected that 200,000 jobs will have been added to the United States workforce, which comes as job openings once again trended higher. Bitcoin moved away from a recent floor of $20,060, with ethereum surging closer to $1,600 ahead of today’s report.
Bitcoin
Bitcoin (BTC) prices rebounded on Friday, as markets began to prepare for the release of October’s nonfarm payrolls report.
The jobs day report is expected to show that 200,000 jobs....
Bitcoin and ETH were once again consolidating to start the week, despite bullish comments from Elon Musk. In a tweet earlier today, Musk said: “I still own & won’t sell my Bitcoin, Ethereum or Doge.” Although prices marginally rose, they remain close to recent support levels. Bitcoin The world’s largest cryptocurrency rebounded from its support level to start the week, however it still remained below $40,000. Following a low of $37,680.73 on Sunday, BTC/USD has so far risen to an intraday high of $39,234.62 on Monday. Today’s high comes as markets....
Ethereum rose above $1,700, while bitcoin snapped a seven-day losing streak on Friday, with prices rebounding in today’s session. The move came ahead of this afternoon’s payrolls report, which is expected to show that 250,000 jobs were added to the U.S. economy in July.
Bitcoin
Ahead of the nonfarm payrolls report, bitcoin (BTC) was back in the green on Friday, as the token rebounded following recent declines.
Following a low of $22,485.70 in Thursday’s session, BTC/USD rallied to a peak of $23,354.13 earlier in the day.
The move came....