Bitcoin (BTC) hit four-day highs of $45,000 on Sept. 24 as the market digested news that Twitter had enabled BTC tipping. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Twitter stock surges 3.8% on Bitcoin news Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $45,180 on Bitstamp. The largest cryptocurrency had struggled to overcome
The bullish momentum that had been growing across the cryptocurrency ecosystem over the past few days came to a screeching halt on Sept. 24 as news that China had banned cryptocurrency transactions made the rounds on social media and initiated an abrupt fall in the price of Bitcoin (BTC) from $45,000 to $42,000. After the
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. This week, the word “Evergrande” found its way into the vocabulary of every western investor. After years of watching the corporation’s football team
This week’s combination of bearish factors was enough to bring Bitcoin (BTC) price down to its lowest levels in 46 days, and this nearly obliterated 86% of the $2 billion September call (buy) options that expire on Sept.24. There’s still room for some surprises, especially considering the deadline is 8:00 UTC on Sept. 24. However,
Bitcoin (BTC) bounced from a second $40,000 retest on Sept. 22 as China calmed global market fears over Evergrande. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView China keeps up Evergrande cash injections Data from Cointelegraph Markets Pro and TradingView saw BTC/USD trading above $42,000 Wednesday, with bulls still defending the psychologically significant $40,000 mark. The
Avalanche (AVAX) prices recovered on Sept. 22, paring a portion of losses that hit cryptocurrencies at the beginning of this week, led by worries about potential contagion in China’s housing market. The AVAX/USD exchange rate surged by as much as 12.05% to log an intraday high at $66.08. The pair’s gains came as a part
Ethereum’s native token Ether (ETH) rates may fall to a two-month low after it slid below support at around $2,954, based on a classic trading pattern. The $2,954 level represents a so-called neckline constituting a head and shoulders setup. In detail, the said support level appears to be a floor to three peaks, with the
Bitcoin (BTC) kept blowing through support levels during trading on Sept. 20 ahead of what promised to be a “very interesting” U.S. stock market open. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView No sweat for BTC traders after $42,500 visit Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD it briefly dipped to near $42,500 before
In the increasingly competitive landscape of blockchain technology and cryptocurrencies, protocol innovation and the ability to solve the biggest problems facing the crypto community are necessary for any project that looks to have long-term success in the ecosystem. Recently, the emergence of layer-2 technology like Arbitrum, Optimism and a bridge to the Avalanche ecosystem is revolutionizing
Ethereum’s native asset Ether (ETH) prices slumped on Sept. 20 amid a broad selloff in the cryptocurrency market, led by worries about a potential housing bubble crisis brewing in China. The ETH/USD exchange rate dropped as much as 12.52% to $2,911 on the Coinbase exchange, hitting its lowest levels since the beginning of August 2021.
Bitcoin (BTC) ranged around $48,000 on Sept. 17 as hopes of a bull run endured thanks to low supply and upcoming corporate disclosures. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Anticipation builds for cross-crypto breakout Data from Cointelegraph Markets Pro and TradingView showed BTC/USD continuing to consolidate into Friday, with the latest options expiry now due.
Bitcoin (BTC) inched higher on Sept. 18 as the focus shifted to the Federal Open Market Committee’s (FOMC) policy meeting in the wake of lower inflation numbers last Tuesday. The BTC/USD exchange rate approached $49,000 on the Coinbase exchange, hitting $48,825 before turning lower on interim profit-taking sentiment. Nonetheless, the move uphill raised expectations that
The general mood across the cryptocurrency market is one of anticipation on Sept. 17 as the price of Bitcoin has traded in an increasingly tighter range over the past couple of days and looks to be coiling in preparation for a move one way or another. Data from Cointelegraph Markets Pro and TradingView shows that
Online information flows have a tremendous influence on the prices of crypto assets. Just this week, investors witnessed how even fake news can sometimes make the market value of a token explode, even if for just an hour. Fortunately, the effects of legitimate news tends to last longer, but the trick for investors is to
For the past 40 days, Ether (ETH) has trended modestly upward, respecting a narrow channel most of the time. It enjoyed a brief rally toward $4,000 in the first week of September, but a subsequent crash brought the price into the ascending channel. Ether price at Bitstamp in USD. Source: TradingView In August, nonfungible tokens
Tune in to watch Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman. Here’s what to expect in this week’s markets news breakdown: Bitcoin (BTC) once again takes aim at $50,000. Is this the final hurdle before all-time highs are within reach? The Solana network was brought down by