Bitcoin Price Up 30% Versus Ethereum, New 2023 Lows Incoming?
Bitcoin price is up 30% versus Ethereum (ETH) in 2023, and bulls appear not to be slowing down, looking at the performance in the weekly chart. BTC is on the brink of pushing ETH lower at spot rates, registering new 2023 lows and extending gains from early this year. The Downtrend Remains: Will Bitcoin Extend Rally? Bitcoin bulls are in the driving seat. Candlestick arrangement in the weekly chart shows that BTC pushed on, extending its rally against the second most valuable coin despite attempts for higher highs in mid-August. In the second week of August, ETH added roughly 7% versus....
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Bitcoin, the world’s most valuable cryptocurrency, is free-falling, looking at price action on September 11. From the daily chart, BTC is trading at $25,135, a marginal improvement after dropping to H2 2023 lows of $24,951 minutes earlier following an unexpected dump in the early trading hours of the New York trading session. The Bitcoin Sell-Off Takes Form The crash on September 11 saw the coin drop below the consolidation of the past few trading days with the bearish breakdown, looking at price action, canceling bulls of August 31, and setting an increased selling pressure on....
The Federal Reserve (Fed) Vice Chair Lael Brainard was part of an event to test their upcoming instant payment system, called FedNow. The new payment solution is set for deployment between May and July 2023, as the government official confirmed. Related Reading: Charles Hoskinson Announces New Timeline For Cardano Hard Fork, Price Pump Incoming? Brainard […]
In a recent post, investor Chris Burniske expressed the belief that a bottom is looming for the top cryptocurrencies. Burniske predicts that Bitcoin and Ethereum could dip as low as $20,000 and $1,000, respectively, with top altcoins, except Solana (SOL), hitting new lows. Notably, BTC retraced from $28,000 to slightly above $27,600, with ETH seeing a similar decline in the past few days. Crypto Analysts Predicts Market Bottom Ahead Of Bull Run According to the founder of Placeholder Capital, Chris Burniske, a bull market will likely begin soon. However, the analyst believes the upcoming....
Ethereum Price Key Highlights. Ethereum price completed the head and shoulders formation on its 1-hour time frame and successfully broke below the neckline, indicating that bears are in play. A small pullback to the broken neckline and trend line support occurred yesterday, before ethereum price regained downside momentum and went on to break below the previous day lows. Ethereum price might have its sights set on the yearly lows around 0.00150BTC if the bearish momentum keeps up. Bitcoin Leading the Charge. The consecutive rallies in bitcoin price have been mostly responsible for the....
GALA, the native token of Gala Games, is under immense selling pressure as of early September 2023. Trackers show that the token is down 72% from 2023 peaks when it soared to $0.062 in late January 2023. From there, the token has been edging lower, sinking to $0.017 at spot rates, unwinding over 95% of gains posted in early 2023. To illustrate, GALA is cents away from retesting all-time lows registered in late 2022 at around $0.016. GALA Plunging The drawdown could be pinned to the unfavorable market-wide bear market conditions that have seen top coins, including Bitcoin and Ethereum,....