Ethereum's native token Ether (ETH) reclaimed $2,000 in the early New York trading hours Wednesday as crypto traders assessed the Federal Reserve Chairman Jerome Powell's prepared congressional testimony.The ETH/USD exchange rate surged 7.19% to reach its intraday high of $2,019.90. Likewise, Bitcoin (BTC), whose 7-day positive correlation with Ether stands at 0.84 above zero, … [Read more...] about Ethereum bounces but ETH price in danger of turning $2.3K into new resistance
Danger
Is Bitcoin in danger of losing $30K with Grayscale’s big GBTC unlocking in two weeks?
Whether a potential sell-off of shares tied to a multi-billion dollar Bitcoin (BTC) investment fund could crash the cryptocurrency's spot prices has turned into a hotly debated topic among the analysts in the space.Grayscale's premium remains negative for months The argument concerns Grayscale Bitcoin Trust, the world's largest digital assets manager that allows institutional … [Read more...] about Is Bitcoin in danger of losing $30K with Grayscale’s big GBTC unlocking in two weeks?
Looming ‘death cross’ may put Bitcoin bull run in danger ahead of Fed meeting
Bitcoin (BTC) wobbled around $40,000 as investors waited for the United States Federal Reserve to release its new set of economic projections on Wednesday.The market's focus shifted to two important questions: Will United States central bank officials signal their intentions to raise interest rates in 2023 instead of 2024? And how much do they think inflation will rise in the … [Read more...] about Looming ‘death cross’ may put Bitcoin bull run in danger ahead of Fed meeting