Tag: ETH

Price analysis 4/5: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

boss

Bitcoin continues to face resistance near $29,000 and Ether has decided to take charge of the wider crypto markets’ bullish momentum. Bitcoin (BTC) remains pinned below the psychologically crucial level of $30,000 as cryptocurrency investors search for positive triggers. That has not stopped business intelligence firm MicroStrategy from adding 1,045 Bitcoin to its kitty, which has now swelled to 140,000 Bitcoin. Even after the sharp recovery from November 2022 low, monitoring resource Material Indicators believes the current up-move is a bear market rally. Usually, a bear market rally does not…

BTC Moves Above $28,500 as ETH Nears $2,000 – Market Updates Bitcoin News

boss

Bitcoin broke out of a resistance level of $28,500 on April 5, as crypto markets continued to react to economic data from the United States. Job openings in the U.S. fell below 10 million for the first time since 2021, which comes as employers began to reduce hiring efforts. Ethereum moved closer to $2,000, hitting a fresh eight-month high today. Bitcoin Bitcoin (BTC) broke out of a key resistance level on Wednesday, with traders now targeting a move beyond the $29,000 mark. Following a low of $27,979.75 on Tuesday, BTC/USD…

ETH hits 7-month high ahead of Shanghai and Capella upgrades

boss

Ether (ETH) has breached $1,900 for the first time in over seven months, a week before staking withdrawals are enabled in the next major update for the second-largest cryptocurrency by market capitalization. CoinMarketCap data shows the last time Ether was over $1,900 was on Aug. 16, 2022, amid a broader crypto sell-off at a time when the United States Federal Reserve was hiking the Federal Funds rate at a record pace to combat inflation. The Ethereum Shanghai hard fork, set to occur on April 12, will implement EIP-4895 — allowing…

Ethereum (ETH) Rallies to 8-Month High Just 8 Days to Long-Awaited Shanghai Upgrade

Cash flow from Bitcoin to the Ethereum market has significantly contributed to today’s price bump according to Lewis Harland, Decentral Park Capital’s portfolio manager. After consolidating for the past two weeks, the Ethereum (ETH) market has begun gaining traction over Bitcoin (BTC) during the early New York trading session on Tuesday. According to the latest crypto market data, Ethereum’s price rallied to a 24-hour high of around $1,886, up over 3 percent during the day. With over $30 billion staked in the Ethereum ecosystem, the DeFi ecosystem is currently focused…

ETH Hits 8-Month High, as BTC Nears Key Resistance Level – Market Updates Bitcoin News

boss

Ethereum surged to an eight-month high on Tuesday, as bulls began to gradually return to cryptocurrency markets. As the session matured, the global market cap moved higher, and is up by 1.27% at the time of writing. Bitcoin moved closer to a key resistance level at $28,500. Bitcoin Bitcoin (BTC) continued to trade close to a key resistance level on Tuesday, as volatility in the market remained high. BTC/USD rose to a peak of $28,433.74 earlier in today’s session, which follows up from a low of $27,276.72 on Monday. As…

Price analysis 4/3: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL

boss

Macroeconomic headwinds continue to pressure the crypto market, but bulls appear steadfast on holding $28,000 for support and this could provide tailwinds for altcoins. Bitcoin’s (BTC) price initially dipped, but then recovered on April 3. The volatility happened after several OPEC+ members announced plans to cut oil production totaling 1.65 million barrels per day until the end of the year. Some analysts expect this move to tighten supply, resulting in higher prices at the pump. That may in turn boost inflation, warranting a continued hawkish stance from central banks. Initially,…

Bitcoin price turns $28K to support, opening the door for ETH, MATIC, HBAR and EOS to breakout

boss

The market witnessed a major banking crisis in March as Silicon Valley Bank and Signature Bank failed and Silvergate Bank entered liquidation as the result of dire financial distress. In Europe, the government brokered a forced takeover of Credit Suisse by UBS. Still, the United States equities markets and the European stock markets closed the month on a positive note. The cryptocurrency market was also shaken by volatility, but Bitcoin (BTC) gained about 23% in March. Going forward, the picture looks encouraging for Bitcoin bulls in April and data from…

BTC Nears $29,000 to Start April, as ETH Also Rebounds – Markets and Prices Bitcoin News

boss

Bitcoin was back in the green on Saturday, as prices moved close to the $29,000 level to start the weekend. Following a volatile session on Friday, cryptocurrency markets were mostly higher entering April. Ethereum moved back above the $1,800 level. Bitcoin Bitcoin (BTC) rose towards $29,000 on Saturday, as markets continued to react to yesterday’s personal consumption expenditure (PCE) figures in the United States. PCE climbed to 0.3% in March, less than the 0.4% markets were expecting, showing that inflation was slowing. BTC/USD rose to an intraday high of $28,802.46…

Price analysis 3/31: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

Signs of easing inflation could push Bitcoin and select altcoins above their respective overhead resistance levels in the short-term. Data from the Personal Consumption Expenditures (PCE) index showed an uptick of 0.3% in February, which lower than the 0.5% increase seen in January. Economists had projected a rise of 0.4% and the PCE data suggests that inflation is gradually showing a decreasing trend.  Risky assets rallied in response to the data and some analysts expect the Federal Reserve to start cutting rates by the end of the year, The FedWatch…

BTC Drops Below $28,000, ETH Under $1,800 – Market Updates Bitcoin News

boss

Bitcoin was once again trading below the $28,000 level on Friday, as markets consolidated ahead of a key day of economic data. The University of Michigan releases its monthly consumer sentiment report, which is expected to come in lower than February’s sum. Ethereum also declined in today’s session. Bitcoin Bitcoin (BTC) fell below the $28,000 level on Friday, as markets consolidated ahead of a key day of economic data. BTC/USD slipped to an intraday low of $27,583.72 in today’s session, which comes a day after the price rose to a…