Tag: 10Month

BTC Slips to 10-Month Low, Below $33,000 – Market Updates Bitcoin News

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BTC fell to its lowest level since last July, as prices dropped below $33,000 to start the week. The selloff in cryptocurrency started last week, following the Fed’s decision to hike interest rates by 0.5%. In addition to bitcoin, ETH hit a two-month low as a result of the red wave. Bitcoin Bitcoin slipped to a ten-month low to start the trading week, as a red wave continued to sweep the cryptocurrency market. Following five consecutive days of declines, BTC/USD dropped to an intraday low of $32,813.31 on Monday. Today’s…

ETC Climbs to 1-Week High, as AXS Moves Away From 10-Month Low – Market Updates Bitcoin News

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During a volatile day of trading, ethereum classic rose to a one-week high earlier in the session, before falling victim to a red wave. AXS also rose today, climbing by over 12% in the day, however, a bearish wave pushed prices lower as the day progressed. Ethereum Classic (ETC) ETC climbed to a one-week high earlier in Thursday’s session, when bulls were still buoyed by yesterday’s Fed decision. However, as the day progressed, these bulls turned to bears, as the magnitude of the current inflationary landscape continued to spark market…

Bitcoin Price Hits 10-Month Highs as BTC Aims at $10.5K Resistance

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Bitcoin (BTC) hit its highest in over ten months on July 27 as bulls took control and sent the largest cryptocurrency past $10,350. Market overview from Coin360. Data from Cointelegraph Markets and Coin360 confirmed BTC/USD reaching highs of $10,363 on some exchanges on Monday — its best performance since Sept. 9, 2019. Markets continued to capitalize on bullish sentiment as the trading week began, Bitcoin following safe-havens gold and silver to surprise traders and analysts alike. As Cointelegraph reported, a basket of factors is helping to fuel gains, which remain…

Bitcoin Breaches $9.2K as Open Positions on CME Futures Hit 10-Month High

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Bitcoin is quickly gathering upward momentum alongside a surge in open positions on futures listed on the Chicago Mercantile Exchange (CME).  The top cryptocurrency by market value jumped to a high of $9,220 at 10:20 UTC on Wednesday, having settled (UTC) above $9,000 on Tuesday to register its first above-$9,000 daily close in two months. Meanwhile, open interest – or the number of futures contracts outstanding on the CME – rose to $351 million on Tuesday, the highest level since July 10, 2019, according to the data provided by crypto…