BTC retests $61,200 as bullish sentiment puts bulls on brink of another breakout. Bitcoin (BTC) price has touched highs of $61,199 in intraday trades as bulls look to strike a new all-time high. This follows Bitcoin’s highest weekly close of $59,985, which could be the foundation for an extended upside that takes the benchmark cryptocurrency beyond $62k. Last week BTC gained … [Read more...] about Bitcoin poised above $60K as Coinbase IPO strengthens bullish outlook
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Bullish case for Ethereum strengthens as exchange ETH outflows outpace Bitcoin
Ether (ETH) reserves on exchanges are continuing to decline despite being at historic lows. This trend indicates a supply shortage of ETH across major trading platforms following the release of an Ethereum 2.0 deposit wallet for staking.As Cointelegraph previously reported, staking neared $4 billion in January, leading to around 2% of ETH's supply being locked in the Eth2 … [Read more...] about Bullish case for Ethereum strengthens as exchange ETH outflows outpace Bitcoin
Bitcoin hits $51K as short-term bull case strengthens amid weakening dollar
The U.S. dollar index (DXY) is showing signs of a short-term top as the price of Bitcoin (BTC) demonstrates signals of a short-term rally.There is a narrative that the price of Bitcoin often coincides with a drop in the value of the dollar.Since stores of value, like gold and Bitcoin are priced against the dollar, theoretically, a downtrend in the DXY would likely have a … [Read more...] about Bitcoin hits $51K as short-term bull case strengthens amid weakening dollar