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“# Bitcoin hits $40K after a 6-week absence, but on-chain activity is ‘somewhat bearish’ ” Bitcoin (BTC) touched $40,370 on July 26 as a solid day of gains saw the return of a major price milestone. BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView BTC price daily gains near 20% Data from Cointelegraph Markets Pro and…
“# Ethereum eyes rally to $3K with 39% ETH price rebound triggering a classic bullish pattern ” The price of Ether (ETH) jumped to a three-week high on July 26, triggered by similar gains in the Bitcoin (BTC) market that appeared in the wake of rumors about Amazon’s foray into the cryptocurrency sector. A job…
“# Bitcoin price weekly outlook: BTC bulls await breakout above 50-day EMA ” A four-day winning streak brought the Bitcoin (BTC) prices closer to testing its 50-day exponential moving average (~$35,115) as resistance. The wave, which was instrumental in strengthening Bitcoin’s bullish bias across 2020 as support, flipped to become a resistance during the May…
“# $60K is now more likely for Bitcoin than $20K, Bloomberg’s senior strategist asserts ” Bitcoin (BTC) has a better probability of recovering back to $60,000 than breaking below its current support level of $30,000 to target $20,000, believes Mike McGlone, senior commodity strategist at Bloomberg Intelligence. A screenshot from McGlone’s latest analysis on the flagship…
“# Axie Infinity refreshes record high as AXS ascends 131% in just three days ” The price of Axie Infinity’s native token AXS more than doubled in just three days of trading amid speculation that it is going to revolutionalize the blockchain-enabled gaming industry forever. The AXS/USD exchange rate reached a record value of $32.69…
“# 16% Ethereum price rebound activates a classic bullish pattern — $2.5K next? ” Ethereum’s native crypto Ether (ETH) rebounded sharply on Thursday after Elon Musk disclosed for the first time that his private rocket firm SpaceX holds Bitcoin (BTC), and Tesla would probably resuming the bitcoin payment option for its electric cars. The BTC/USD…
“# Decoupling ahead? Bitcoin and Ethereum may finally snap their 36-month correlation ” Anish Saxena, a New Delhi-based automobile dealer, made “incredible” profits by investing in cryptocurrencies in 2020, just as his business took a hit from the coronavirus pandemic-induced lockdown. “I had known about Bitcoin and Ethereum and dozens of other assets for years,”…
“# Bitcoin bulls defend yearly open after BTC price rebounds 5.5% from $29K ” Bitcoin (BTC) bulls could celebrate a modest victory on July 21 after record bids kept BTC/USD its 2021 opening price. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $31,000 back in play for BTC Data from Cointelegraph Markets Pro and TradingView showed the…
“# No hard fork love for Ethereum as ETH price falls to a three-week low ” Ether (ETH) prices slid in tandem on July 20, in tandem with Bitcoin’s (BTC) drop below $30,000. The ETH/USD exchange rate dropped 5.41% to an intraday low of $1,720 — or roughly $400 above its 2018 all-time high price,…
“# Institutional demand for Bitcoin evaporates as BTC struggles below $31K ” The rocky road that Bitcoin (BTC) has been on for the past two months continued on July 19 as a widely predicted move downwards materialized in the early hours on Monday and dropped the price of BTC below $31,000. Data from Cointelegraph Markets Pro…