Tag: 7Week

BTC Plunges Under $27,000, Hitting 7-Week Low – Market Updates Bitcoin News

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Bitcoin fell to a seven-week low on May 12, as prices dropped below the $27,000 level in today’s session. Friday’s decline came as a red wave swept through cryptocurrencies, with the market cap down 2.75% as of writing. Ethereum also slipped to its weakest point since March. Bitcoin Bitcoin (BTC) dropped below the $27,000 level in today’s session, pushing prices to a seven-week low. Following a high of $27,589.92 on Thursday, BTC/USD slipped to an intraday bottom at $26,166.87. As a result of this drop, bitcoin fell to its lowest…

Bitcoin price stays under $24K as PCE data helps US dollar to near 7-week highs

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Bitcoin (BTC) stayed lower at the Feb. 24 Wall Street open as United States macroeconomic data showed inflation biting back. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView PCE sparks fresh doubts on inflation Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it traded in a narrowing range around $23,800. The pair saw an attempt to reclaim $24,500 the day prior, but this ultimately proved unsuccessful as resistance kept gains in check. Bitcoin nonetheless saw only a muted reaction to the latest U.S. Personal Consumption Expenditures (PCE) Index print,…

Bitcoin sets new 7-week high as BTC price jumps past $21K on US jobs

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Bitcoin (BTC) passed $21,000 at the Nov. 4 Wall Street open as bulls tackled a formidable sell wall. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Sellers move aside for new multi-week highs Data from Cointelegraph Markets Pro and TradingView breaking through resistance to hit local highs of $21,262 on Bitstamp. The pair had struggled to return to higher levels during the week, but the latest order book data from Binance showed asks now shifting up to north of $21,500. BTC/USD order book data (Binance). Source: Material Indicators/ Twitter The day’s…

First 7-week losing streak in history ― 5 things to know in Bitcoin this week

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Bitcoin (BTC) starts a new week under $30,000 as the battle to save the market from fresh lows grinds on. After hitting its highest since the Terra LUNA crash last week, the largest cryptocurrency nonetheless continues to fail to reclaim $30,000 as support. What could be in store this week? The potential for major upheaval from macro players, notably the United States Federal Reserve, is shapeshifting this week ahead of the World Economic Forum. At the same time, internal crypto market pressure remains as the implications of LUNA’s collapse continue to play…

Bitcoin Price Holds Near 7-Week Highs of $7.8K as Futures Volume Rises

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Bitcoin (BTC) was riding high on fresh gains on April 28 as little got in the way of bulls controlling the market. Cryptocurrency market daily overview. Source: Coin360 BTC price closes in on $8K barrier Data from Coin360 and Cointelegraph Markets reflected the buoyant mood among traders as BTC/USD lingered near seven-week highs of $7,800. Since gaining 10% in hours late last week, resistance has so far remained flipped as support — 24-hours lows at press time were a comparatively impressive $7,650. Bitcoin 1-day price chart. Source: Coin360 Bitcoin has…