Market Wrap: Bitcoin Lingers Around $19.4K While ETH/BTC Pairing Hits Bull Mode

To wrap the Bitcoin market, and the cryptocurrency network, in general, into one word, I would use the word unexpected. We were seeing the small $1-$3 fluctuations in Bitcoin for the greater part of the week, then the price broke out into a bull run. No one without insider knowledge saw this coming and caught many people by surprise. While refreshing to see Bitcoin up 10% for the next three days, it was certainly unexpected. There was no corresponding “good news” that would cause traders to start buying Bitcoin, so the most reasonable explanation is market manipulation.

Bitcoin’s price is on a rising trend for the first time this week.

Bearish pressure still lingers within the crypto sector following recent unfavorable macroeconomic conditions, and Bitcoin has fallen sharply, with its price now hovering near the $104,000 level. The bearish tension may be growing, but key on-chain metrics show that the current bull market phase is likely to continue. Bullish Outlook For Bitcoin Endures Bitcoin’s strong […]

The last time bitcoin’s closing price was under $30,000 was Jan. 1, according to CoinDesk 20 data.

Bitcoin’s price is climbing for the third straight day as more of the cryptocurrency is locked into the Ethereum network.