Bullish optimism is on the rise across the cryptocurrency market on Sept. 23 as prices continue to recover from this week's volatility which was the result of regulatory pressure on the crypto sector, the Federal Open Market Committee meeting on the Fed's interest rate hikes and monetary policy, along with fears that the Evergrande situation would ripple out to impact global financial markets. Data from Cointelegraph Markets Pro and TradingView shows that after trading in a range between $43,000 and $44,300 during the early trading hours on Sept. 23, the price of Bitcoin (BTC) spiked above $44,800 in the early …
Data from Cointelegraph Markets and TradingView shows that the initial price dump that pushed BTC below the $43,000 support level on May 18 accelerated into the overnight trading session as $110 billion worth of trading volume fueled the wick down to $30,000. The market downturn sparked outages and other delays across a few of the top cryptocurrency exchanges, and the prices of the vast majority of altcoins cratered alongside the price of Bitcoin, with Ether (ETH) briefly plunging to $1,900 and Dogecoin (DOGE) bottoming out at $0.236. The sell-off flushed out traders using excessive leverage As with any significant downturn …
If this past weekend is any indication of the current bull market cycle, then an altcoin season may be well underway. Similar to previous cycles, after Bitcoin (BTC) makes a significant run-up in price and then enters a consolidation period, funds begin to migrate into large and small market cap altcoins. Data from Cointelegraph Markets and TradingView shows that while Bitcoin traded in a range between $57,000 and $60,200 over the past week, multiple altcoins saw double-digit gains as exchange listings and protocol developments brought a new wave of enthusiasm and trading volume for select projects. Tron ecosystem leads the …
The price of Bitcoin (BTC) hit a new all-time high above $40,000 on Jan. 7 after the price increased by more than $5,000 in less than 24-hours. The $40,000 barrier marks a significant milestone for the top-ranked cryptocurrency. According to Matt Blom, head of global sales trading at EQUOS: “Bitcoin's march to $40k has been driven by fresh capital from huge hedge funds, corporate treasuries and awareness from the investing public that all is not well in the world of fiat. It’s easy to forget that we are still in the very early stages of adoption." Blom added that instead …
Ether (ETH) took charge as a new month begins and the second-largest cryptocurrency by market capitalization rallied to a new all-time high at $3,338. This has many analysts shouting out that a new 'altcoin season' has commenced. Meanwhile, Bitcoin (BTC) price is continuing to meet resistance around the $56,000 to $58,000 level. Data from Cointelegraph Markets and TradingView shows that since dropping to a low of $2,160 on April 25, the price of Ether has rallied 54% to a new record high at $3,324 on May 3 as Monday’s 12% spike lifted the top altcoin above the $3,300 level for …