Bitcoin price bounces after Amazon stock gains 15% in US tech comeback
Relief for embattled U.S. tech stocks injects fresh energy in Bitcoin and altcoins, with Ether reaching two-week highs. Bitcoin (BTC) recovered much of its recent losses on Feb. 4, but concerns remained that a retest of $30,000 was incoming.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$38,600 remains focal pivotData from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to $38,000 Friday, up over 2% in 24 hours.The pair saw a strong comeback overnight after suffering at the hands of United States stock sellers for two days straight.A similar turnaround for....
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Huge tech stock losses, mostly occurring after the Wall Street close, fail to show up in Bitcoin price weakness. Bitcoin (BTC) is decoupling from big tech as disappointing earnings fail to spark any major BTC price losses.Economic data for Q3, 2022 saw heavy losses for some tech stocks, but BTC/USD avoided a chain reaction.Bitcoin hodlers shrug off Q3 tech resultsThe largest cryptocurrency shed around $800 over Oct. 27, or 3.8%, after hitting its highest levels in six weeks.At the time of writing, Bitcoin was still around $20,200, offering more consolidatory trading behavior than a major....
Since the price of Bitcoin fell below $30,000, numerous forecasts have been made on the currency’s potential future price outlook of the asset. As the biggest cryptocurrency in the world, Bitcoin has amassed price headlines, some of which are optimistic while others are pessimistic. However, a question that lingers is whether another crash is really the end of the world for Bitcoin. In such an event, Mike McGlone, a senior analyst at Bloomberg, believes that even a decrease in price to $10,000 would not be bad for Bitcoin. Bitcoin Still Outperforming The Stock Market A fall in....
Bitcoin price promptly lost $1,000 in 12 hours after an Amazon spokesperson confirmed that the company was not planning to add bitcoin to its platform. The price which had seen a major uptick in the price in the day following the news of the company accepting bitcoin has now started to correct back down. Amazon rumors circulated the market, contributing to major gains in the crypto market. Coins like Bitcoin and Dogecoin saw over 10% gains added to their prices in just 24 hours. The crypto market recorded significant gains as the market saw hundreds of millions of shorts liquidated in a....
Cryptocurrencies are seeing a significant recovery as investors take advantage of the recent stock market rally and increased risk appetite. Bitcoin hits its highest in two weeks, extending gains from earlier this week that had seen it climb to $41,938 per coin on Saturday morning (Jan 24th). Related Reading | Bitcoin mimics stocks rally, hits two-week high Bitcoin, the largest digital currency globally, has hit $41,938. It is 16% high from Thursday’s low and 27% from the current year’s low of $32,950. Ether, the second-largest digital currency, has scaled new heights, reaching....
Amazon has recently been the subject of discussion in relation to bitcoin and crypto. Rumors circulated as the weekend drew to a close that Amazon was planning on integrating bitcoin payments on its platform. The news made the rounds and the markets responded as coin prices shot up. Bitcoin price saw over 10% gains in […]