Tags : Wrap

Market

Market Wrap: Bitcoin Rallies On After Passing $50K Psychological Level

Bitcoin broke above $52,000 Wednesday, with a market capitalization nearing $1 trillion. Bitcoin (BTC) trading around $52,231.69 as of 21:00 UTC (4 p.m. ET). Gaining 7.16% over the previous 24 hours. Bitcoin’s 24-hour range: $48,430.80-$52,536.47 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. […]Read More

Market

Market Wrap: Bitcoin Remains Around $48.5K Amid Flat Trading Activity

Bitcoin faced choppy markets for most of Tuesday after briefly trading above $50,000 for the first time during early U.S. trading hours. With some remaining bullish, other analysts and traders warned about near-term price correction. Bitcoin (BTC) trading around 48,810.95 as of 21:00 UTC (4 p.m. ET). Gaining 0.39% over the previous 24 hours.  Bitcoin’s […]Read More

Market

Market Wrap: Crypto Market Cap Breaks $1.5T as Buyers Show

Bitcoin has fully pared losses from Sunday’s dip as the leading cryptocurrency fell from around $48,600 to below $46,000 early Monday morning. As of 21:00 UTC (4 p.m. ET), bitcoin was trading above $48,600 on Coinbase. But the leading cryptocurrency still has yet to trade above the psychologically significant $50,000 mark.  Much of bitcoin’s choppy […]Read More

Market

Market Wrap: Ether Sets New Highs as Bitcoin Stays Below

The price of bitcoin struggled to regain $49,000 Friday, continuing to bounce between $48,000 and $46,000 heading into the weekend. As bitcoin contemplated which way to go, ether made a new all-time high above $1,850.  Much of bitcoin’s choppy price action could be attributed to futures deleveraging as eager bulls piled into long trades expecting […]Read More

Market

Market Wrap: Bitcoin Near $48K While Ether Transaction Fees Surge

Bitcoin was trading between $47,000 and $48,000 for much of Thursday, breaking the $48,000 level multiple times throughout Thursday. Traders and analysts told CoinDesk they remain bullish on the overall market, as institutional investors’ interest in bitcoin is growing “at a staggering pace.” Bitcoin (BTC) trading around $47,174.04 as of 21:00 UTC (4 p.m. ET). […]Read More

Market

Market Wrap: Bitcoin Hits Record $48.2K as CME Ether Futures

Bitcoin and ether surpassed Monday’s price records. In ether’s case, CME’s futures launch has given the asset more credibility than ever before. Bitcoin (BTC) trading around $47,174 as of 21:15 UTC (4:15 p.m. ET). Gaining 7.1% over the previous 24 hours. Bitcoin’s 24-hour range: $43,948-$48,226 (CoinDesk 20) BTC well above the 10-hour and the 50-hour […]Read More

Market

Market Wrap: The ‘Elon Effect’ Blasts Bitcoin to $44.8K While

Bitcoin’s price is getting closer to Mars thanks to Elon Musk while ether moons to a new record. Investors are pulling BTC out of DeFi, likely to diversify their profits. Bitcoin (BTC) trading around $44,023 as of 21:00 UTC (4 p.m. ET). Climbing 14.5% over the previous 24 hours. Bitcoin’s 24-hour range: $38,051-$44,801 (CoinDesk 20) […]Read More

Market

Market Wrap: Bitcoin Rises to $38.3K While Ether’s New High

Bitcoin made some gains Friday, but ether hit another brand-new price high ahead of CME’s ether futures launching on Monday. Bitcoin (BTC) trading around $37,751 as of 21:00 UTC (4 p.m. ET). Gaining 0.32% over the previous 24 hours. Bitcoin’s 24-hour range: $36,637-$38,332 (CoinDesk 20) BTC below the 10-hour but above the 50-hour moving average […]Read More

Market

Market Wrap: Bitcoin Drops to $36.3K as DeFi Jumps to

Bitcoin has had an up-and-down day and ether has performed similarly. But decentralized finance hit a new milestone. Bitcoin (BTC) trading around $37,616 as of 21:15 UTC (4:15 p.m. ET). Gaining 1.4% over the previous 24 hours. Bitcoin’s 24-hour range: $36,207-$38,731 (CoinDesk 20) BTC above the 10-hour and the 50-hour moving average on the hourly […]Read More