The Price Of Bitcoin Surged To $40,000 Despite Headwinds
There are various things occurring that many may consider bearish; it appears that bitcoin just doesn’t care.Last Week In Bitcoin is a series discussing the events of the previous week that occurred in the Bitcoin industry, covering all the important news and analysis.Summary Of The WeekWe’re back in the 40s, baby! Bitcoin spent most of the week hovering around $40,000, spurred by bullish news and unphased by the U.S. Senate’s planned attack on Bitcoin through their new infrastructure bill. There’s a lot to unpack from the week and we have a handy new timeline to show how different bits of....
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Is it 2013 or 2017? For bitcoin's investors, traders and enthusiasts, an answer to this question might be harder to give today than you might imagine. Bitcoin prices surged above the $1,100 mark this week (near all-time highs) only to sink back down to earth amid higher volatility and foreboding – if not unclear – news out of China. Taken together, the developments evoke memories of 2013, when the price of bitcoin surged to similar levels, bringing the digital currency to international attention. Both rallies were buoyed by bullish sentiment among those actually trading in the market, and....
It has been a turbulent morning for the crypto market, with Bitcoin trending down towards $15,000 while creating headwinds for altcoins That being said, Ethereum has largely been able to dodge these headwinds, posting a strong recovery from its brief early-morning dip towards lows of $440 It is once again moving to reclaim its $450 resistance, and flipping this level into support is vital for the cryptocurrency to see any significant upwards momentum One trader […]
Ethereum price maintained its bullish tone against the US Dollar and Bitcoin. ETH/USD now looks set for further gains may be towards $12.00. Key Highlights. ETH price surged past more resistances against the US Dollar and traded above the $11.10 resistance. There is a new tiny connecting bullish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD, which may act as a support on the downside. The price may continue to gain pace, and could even head higher towards the $12.00 handle. Ethereum Price Upside Surge. There was no stopping the ETH buyers, as the ETH price surged past....
It’s possible that the bitcoin price reached a bottom already, but macro headwinds may take it lower. Only time will tell if the bottom is in.
SOL price still faces headwinds from its Bitcoin correlation, macro risks as well as Solana's downtimes. Solana's (SOL) price dropped on June 3, bringing its net paper losses down to 85% seven months after topping out above $260.SOL price fell by more than 6.5% intraday to $35.68, after failing to rebound with conviction from 10-month lows. Now sitting on a historically significant support level, the SOL/USD pair could see an upside retracement in June, eyeing the $40-$45 area next, up around 25% from today's price.SOL/USD daily price chart. Source: TradingView60% SOL price decline....