Bitcoin markets will behave more like that of Treasury bonds and gold during market recovery, said the analysts. The latest crypto market research from Bloomberg Intelligence suggests that Bitcoin may start to behave more like United States (U.S.) Treasury bonds and gold, rather than stocks. In its August Crypto Outlook report, penned by Senior Commodity Strategist…
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Several reports detail that U.S. Federal Reserve officials are resolute on tightening monetary policy and increasing the federal funds rate until inflation in America is alleviated. Chicago Fed president Charles Evans explained on Tuesday that the central bank would likely keep up the larger than usual rate hikes until inflation is remedied. The Fed Is…
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Bitcoin and ethereum were both trading higher on Wednesday, as global financial markets reacted to the tensions caused by U.S. House Speaker Pelosi’s visit to Taiwan. The price of gold dropped by nearly $40 late on Tuesday, after securing a one-month high, while the S&P 500 also faced a turbulent session. Bitcoin Bitcoin (BTC) was…
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Bitcoin price started a fresh increase above the USD 23,200 resistance zone and is currently (11:20 UTC) trading near USD 23,400. BTC is up 2% in a day and 10% in a week. Similarly, most major altcoins are also moving higher. ETH climbed above the USD 1,620 and USD 1,650 resistance levels. XRP might rise…
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Bitcoin price traded close to the key USD 22,500 support zone before moving higher again. BTC is currently (04:12 UTC) consolidating near USD 22,900 and is unchanged in a day and up almost 8% in a week. Similarly, most major altcoins are holding key support levels. ETH stayed above USD 1,550 and recovered higher. XRP…
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Ethereum was once again trading in the red, as prices of the token fell below $1,600 during today’s session. Tuesday’s drop is the fifth consecutive day that prices of the cryptocurrency have moved lower. Bitcoin also extended its streak of declines, falling under $23,000 in the process. Bitcoin Bitcoin (BTC) was lower for a fifth…
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Bitcoin price is still fluctuating below the USD 23,000 level. It is currently (12:00 PM UTC) trading near USD 22,950 and is down almost 2% in a day and up 8% in a week. Similarly, most major altcoins are trading in a range. ETH traded close to the USD 1,550 support. XRP is trying to…
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Bitcoin fluctuated between USD 23,400 and USD 22,800 in the past 24 hours and kept trending lower. It is currently (03:49 UTC) trading near USD 22,900 and is down 2% in a day and up 7% in a week. Similarly, most major altcoins are moving lower. ETH is down almost 7%, and there was a…
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Bitcoin was trading marginally lower to start the week, as prices of the token fell lower for a fourth consecutive session. The world’s largest cryptocurrency has suffered from increased market volatility, following last Saturday’s surge to a six-week high above $24,000. Ethereum was also in the red on Monday.
Bitcoin
Bitcoin (BTC) was trading…
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Bitcoin price struggled to stay above the USD 24,000 resistance. BTC dipped and traded below the USD 23,500 level. It is currently (11:54 UTC) trading just below USD 23,250 and is down over 2% in a day and up 3% in a week. Similarly, most major altcoins might accelerate their downside correction. ETH declined below…
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