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Bitcoin, the largest cryptocurrency by market cap, finally broke above the crucial resistance of $42,000 while Ethereum prices jumped by almost 15% after the EIP-1559 update.
Bitcoin finally broke above the $30,000-$34,000 range as it shot up by 15% on Monday.
Many traders fear that the bear market might officially be here after dropping more than 50% from all-time highs on average. Several large-cap decentralized finance (DeFi) tokens, such as Badger, ThorChain, Alpha Finance, and others, have now fallen up to 85% from their 2021 highs.
The largest cryptocurrency by market cap continued its downtrend this week, fueled by both poor technicals and increasingly neutral sentiment for the crypto market as a whole.
Bitcoin spot exchanges outflow transaction count hit a year high, data from CryptoQuant, a popular on-chain data analysis tool for Bitcoin and other cryptocurrencies, showed.
Bitcoin (BTC) jumped by almost 6% on Friday as mining difficulty dropped sharply.
Bitcoin and Ethereum prices fell by almost 15% going into the weekend as BTC faced rejection at the $35,000 region once again.
Cryptocurrency markets bounced upward yesterday after a big drop with Bitcoin and Ethereum being up by 15% and 17% respectively.
Bitcoin and Ethereum prices took a big hit as major Chinese banks paused all crypto-related transactions.
Bitcoin and Ethereum prices start to fall as the weekend approaches, a move that has become a familiar pattern in the past few months.
Bitcoin price crossed the $40,000 region for the first time in the last two weeks as Tesla CEO Elon Musk joined the chorus for green alternatives for crypto mining.
Bitcoin and Ethereum both continue to show an unclear direction as both fail to break major resistances and fall back on their ‘support’ price levels.
Bitcoin and Ethereum markets saw another big sell-off on June 8, data from multiple sources show.
Crypto traders were excited to see Ethereum (ETH) move ahead of Bitcoin (BTC) in percentage terms today, data from multiple sources showed. Bitcoin prices ran into a ‘resistance’ level at $38,000, while Ethereum surged by 10% as of press time.
Crypto markets started the week green admist generally favorable developments from China, India, and the US, with all three clarifying recent comments and circulars to alleviate fears of an impending crypto ban.
Bitcoin prices rose in the past two days (after a 40% plunge last week) as North American miners formed a ‘Council’ to consider green alternatives for mining in a brief meeting with Tesla CEO Elon Musk.
The cryptocurrency market shows a steady rise after the big sell-off last week after many indicators turned bearish, but are we out of the rough patch yet? Last week, after the price closed below the 20MA (a popular indicator used by traders to assess the price momentum), there was a huge sell-off which saw Bitcoin […]