Tags : Ahead

Bitcoin

Ethereum Hits $2K For the First Time Since February; Breakout

Ethereum briefly crossed over the $2,000-level, a benchmark target for many bulls as they await a breakout price rally in the world’s second-largest cryptocurrency market. The ETH/USD exchange rate surged to $2,007 during the Asia-Pacific trading session Friday. The pair’s move uphill coincided with a drop in the Bitcoin Dominance Index — a metric that […]Read More

Bitcoin

Technical Signals Save Bitcoin From a Brutal Dip; What’s Ahead?

Bitcoin bulls were in for a shock this Thursday as the flagship cryptocurrency “crashed” from $57,209 to as low as $50,305. Many catalysts worked behind the scenes as BTC/USD plunged to its multi-week low. Signs of a recovering job sector, rising interest rates, and nascent inflation spurred rotation from highly-valued pandemic winners — including tech […]Read More

Bitcoin

Bitcoin Plunges Despite Tesla Boost Ahead of Record Options Lapse

An earlier morning boost in the Bitcoin market Wednesday, led by Tesla’s announcement that it would accept the cryptocurrency as payment for its electric vehicles, turned jittery ahead of the US session close, leading to a decline of more than $5,500 and ending the day 3.81 percent lower. Powell Strikes Again The flagship cryptocurrency’s seesaw […]Read More

Bitcoin

Bitcoin Plunges Ahead of Critical US Inflation Data Release; What

Key Bitcoin Takeaways Bitcoin staged an incredible bounce in the early morning session on Wednesday, breaching $55,000. Nonetheless, retreating US bond yields prompted traders to sell the multi-week top. The underlying bullish sentiment kept Bitcoin above crucial support levels while the market awaited the US Consumer Price Inflation report. Bitcoin went through an aggressive short-covering […]Read More

Bitcoin

Bitcoin Undergoes Selloff After Breaching $55,000; Breakdown Ahead?

Bitcoin prices dragged lower in the early Wednesday session by daytraders who decided to secure profits following its rally earlier this week. The flagship cryptocurrency surged to a two-week high above $55,000 as of 0100 UTC, up 13.24 percent from its week-to-date low of $49,238. Traders increased their bids on BTC/USD after the Chinese beauty […]Read More