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“# Ethereum breaks out vs. Bitcoin: Why one trader says ETH/BTC looks ‘absolutely insane’ ” Ether (ETH) price is seeing green in its Bitcoin (BTC) pair on April 21, reaching the highest levels since early February. Given the technical breakout of ETH/BTC, traders are beginning to expect a strong rally in the foreseeable future. During…
“# New Bitcoin price concerns from JPMorgan at odds with ‘immense support’ at $52K ” Bitcoin (BTC) is seeing a tsunami of new user adoption as a backdrop to prices likely bottoming at around $52,000, say analysts. In a series of tweets on April 20, statistician Willy Woo led calls for calm about Bitcoin’s recent…
“# Bitcoin bears have a $340M lead heading into Friday’s BTC options expiry ” Bitcoin (BTC) price is making a slow recovery after facing a sharp 16% correction in the early hours of April 18. While some analysts blame a 9,000 BTC deposit at Binance, others focused on the hashrate drop caused by a coal…
“# Exchange tokens bounce from key support levels as COIN looks for direction ” A lot of hype was built up before the Coinbase listing on the Nasdaq on April 14 and several cryptocurrencies rallied in the run-up to the event. However, traders usually buy the rumor and sell the news. In this case, they…
“# Publicly-traded First Foundation invests in NYDIG as belief in digital assets grows ” “We believe digital assets are an important part of the future landscape of financial services and we are pleased to be a part of its evolution as we seek to serve the growing needs of our clients,” said First Foundation CEO…
“# Bad omen? US dollar and Bitcoin are both slumping in a rare trend ” The price of Bitcoin (BTC) was struggling to stay above $56,000 on April 20, which whale clusters pinpointed as a crucial short-term price level. Yet, the U.S. dollar index (DXY) has continued to fall in recent weeks, dropping to its…
“# Bitcoin rebounds to $56K as Dogecoin price halts at 420% weekly gains ” Bitcoin (BTC) saw a staunch comeback on Tuesday thanks to fresh bullish news from PayPal combined with solid on-chain indicators. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView #Doge420 aims to sprout $4.20 Dogecoin Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing to…
“# Bitcoin transactions fees in US dollars near all-time high levels ” Bitcoin (BTC) transaction fees measured in United States dollars are near 2017 levels amid a massive hash rate drop on the Bitcoin network. According to data from several Bitcoin monitoring resources, the average BTC transaction fee in U.S. dollars is near the all-time…
“# Bitcoin technicals sour as price dives under $54K and two critical whale clusters ” Bitcoin has dropped below $54,000 on April 20 while whale clusters suggest that the key areas for BTC to reclaim in the short term are $56,274 and $55,172. The cryptocurrency market began to drop once again after an initial relief rally…
“# Are we there yet? Here’s why one analyst says its not ‘altcoin season’ ” Few traders would argue against the fact that Bitcoin (BTC) is in a bull market, but there is less consensus on whether the market is in the midst of an “altcoin season.” A quick view of Crypto Twitter shows the…