Ethereum made its third attempt to set new local highs against its Bitcoin trading pair in 2020 yesterday. This movement has shown signs of being fleeting, however, as the crypto has lost some of its momentum. Although the cryptocurrency is flashing some subtle signs of near-term weakness, it is important to note that one data…
DetailsJust hours after Ethereum rocketed higher, so too has Bitcoin. The leading cryptocurrency recently reached $9,750, the highest price BTC has traded at in over a week. $9,750 is just over 13% higher than last week’s lows of $8,600, established as miners were seemingly dumping their coins in response to the May 11th block reward…
DetailsIt’s been an explosive past few days for Ethereum. In the past 24 hours alone, the second-largest cryptocurrency is up 10%. As reported by NewsBTC previously, the asset is currently pushing $244, the highest price since early March. This surge is important as it comes at a critical time for cryptocurrency bulls. One prominent trader…
DetailsBitcoin is up more than 2% today and it is trading above $9,500 against the US Dollar. BTC is trading in a positive zone and it could rally above the $9,800 and $10,000 resistance levels. Bitcoin is showing a lot of positive signs above the $9,500 pivot level. The price recovered nicely after a short…
DetailsEthereum is up more than 5% today and it is trading above the $235 level against the US Dollar. ETH price is likely to surge towards the $285-$300 if it clears the $248 resistance zone. Ethereum is surging and it recently broke the $220 and $230 resistance levels. The price is now trading well above…
DetailsAfter days of stagnation and consolidation, Bitcoin started to mount a strong comeback earlier this week. The leading cryptocurrency now trades for $9,650 — the highest price in over a week and more than 13% higher than the ~$8,550 lows seen during a retracement earlier this month. But Bitcoin remains below a crucial region of…
DetailsCrypto assets and blockchains have long had ambiguous use cases. Some say that this industry is good for replacing traditional institutions like governments and financial service providers. Others say that blockchain’s sole purpose is to boost the efficiency of modern corporations that may need to accelerate their supply chains or otherwise. Unfortunately for cryptocurrency bulls,…
DetailsThe likes of Paul Tudor Jones and his hedge fund are now buying Bitcoin. Grayscale is scooping up over 150% of newly minted coins. Yesterday, a record number of Bitcoin futures contracts expired on the Chicago Mercantile Exchange better know as CME. Interest from these “smart money” investors and traders is soaring, and now, a…
DetailsEthereum incurred some explosive momentum yesterday that allowed it to erase weeks of losses that it had posted against its Bitcoin trading pair. This latest movement has significantly bolstered its market structure, with ETH to rallying up to its local highs of $235 that were set several weeks ago. It still has quite a way…
DetailsBitcoin has seen a notable price rise over the past week, bouncing from its recent lows of $8,800 that were set during its latest downtrend. The subsequent uptrend allowed the cryptocurrency to rally up to highs of $9,700 just a couple of days ago. The visit to this level was fleeting, as buyers quickly lost…
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