Good morning. Here’s what’s happening:Market moves: Bitcoin led a broad crypto recovery ahead of the U.S. CPI release.Technician’s take: Buyers started to return to the market, although the upside seemed limited to the $45,000 level.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $42,806 … [Read more...] about First Mover Asia: Bitcoin, Altcoins Climb Following Fed Reserve Chief's Inflation Reassurances
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Market Wrap: Bitcoin, Ether Climb on ‘Green’ Mining Plans Before Losing Steam
The crypto market bounced then lost steam over the past 24 hours, perhaps fueled by the behavior of new market participants joining this current bull cycle. Meanwhile, market data continues to suggest more and more ether being deployed and traded on the spot market to rival BTC. Bitcoin (BTC) trading around $38,224 as of 21:00 UTC (4 p.m. ET). Gaining 1.3% over the previous … [Read more...] about Market Wrap: Bitcoin, Ether Climb on ‘Green’ Mining Plans Before Losing Steam
Bitcoin looks to climb above $47K after bearish weekly close
Bitcoin (BTC) price has crossed above $47,000 and could eye a fresh rally towards a new all-time peak above $58k Bitcoin price has gained over 5% in the past 24 hours, trading at highs of $47,400 as strong buying pressure pushes it further above the major support level found at $46,700. Bitcoin weekly chart The weekly close for Bitcoin (BTC) completed a bearish pattern that saw … [Read more...] about Bitcoin looks to climb above $47K after bearish weekly close