Bitcoin (BTC) November Rally At Risk? Analysts Say This Week’s Close Holds Th...
Despite the Federal Reserve (Fed)’s announcement of a 25-basis-point rate cut, Bitcoin (BTC) has dropped nearly 4% in the past 24 hours, losing its local range low for the first time in a week. Some analysts have warned that this week’s close is crucial for the flagship crypto’s short-term performance. Related Reading: Ethereum (ETH) Prepares For ‘Last Euphoric Run’ As Whales Go On $135M Buying Spree Bitcoin Price Eyes Crucial Weekly Close On Thursday, Bitcoin dropped below the recently reclaimed $110,000 area, hitting a one-week low of $106,700. Notably, the cryptocurrency has been....
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Market turmoil has intensified in February, and many analysts are predicting that the Fed may make a U-turn on their rates hike decision. In the flight to safety, Gold has extended its rally while Bitcoin looks to be going to ground. This week’s edition of Global Economic Outlook looks at the gold, bitcoin and US dollar charts. Gold has been in a long-term bear market since 2011 when it struck a top just below $2,000/oz. An advance from its December 2015 low, was cynically regarded as just another upward correction prior to additional decline, but surprisingly gold just kept going. Bitcoin....
As the market recovers, Bitcoin (BTC) is kicking off the weekend on a positive note by reclaiming another crucial support level. Some analysts suggest that the cryptocurrency is setting the stage for a new price discovery rally, which could start sooner than expected. Related Reading: Solana (SOL) ‘Uptober’ Begins With $220 Retest – Is It Ready For Second ‘Expansion Wave’? Bitcoin Eyes Third Price Discovery Uptrend On Friday, Bitcoin jumped nearly 3% to hit a two-month high of $123,894. The flagship crypto has seen a massive recovery from last week’s correction, surging 14% from the local....
Ethereum has begun to bounce strongly since last week’s lows, correlating with a move higher in the price of BTC. ETH currently trades for $590, though moved extremely close to $600 earlier today. Analysts are optimistic that the cryptocurrency will continue its ascent in the days and weeks ahead as it holds key technical levels. […]
Ethereum has undergone a strong rally over the past 48 hours as the crypto market has bounced back from the weekly lows. The price of ETH currently is $473, up 5% in the past 24 hours alone. Analysts expect further gains as the asset looks poised to close a daily candle above $482, which should trigger a move above $500. Ethereum Set to Explode Past $500, Analysts Say Ethereum has undergone a strong rally over […]
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss how much longer this crypto winter could last. On this week’s The Market Report show, Cointelegraph’s resident experts discuss how much longer this crypto bear market could possibly last and when we could see some volatility back in the markets.To kick things off, we break down the latest news in the markets this week:Bitcoin price edges closer to $20K as ‘way worse’ US data boosts stocksA relief bounce on risk assets looks in store after Empire State Manufacturing Index numbers for October fall far short....