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Bitcoin, Ethereum Technical Analysis: BTC Consolidates on Saturday, Despite Recent Bullish Signals
3.6.2023
Bitcoin started the weekend in the red, as markets continued to digest the latest nonfarm payrolls in the United States. Despite payrolls coming in better than expected, the unemployment rate also rose, hitting 3.7%, which is its highest point since last October. Bitcoin Bitcoin (BTC) was mostly...
Rocket Pool to Integrate With Zksync Era, Offering Faster Speeds and Lower Transaction Costs
2.6.2023
According to Rocket Pool, a liquid staking derivatives provider, users will have the ability to liquid stake their ETH using the Layer 2 (L2) Zksync Era network. The company clarified that Rocket Pool liquid stakers utilizing Zksync Era will enjoy faster speeds and lower transaction costs. Liquid...
Bitcoin, Ethereum Technical Analysis: ETH Nears $1,900, BTC Climbs Above $27,000 Following US Debt Ceiling Announcement
2.6.2023
On Friday, bullish sentiment returned to cryptocurrency markets, as the U.S. Senate approved the bill to increase the debt ceiling. Bitcoin rose back above $27,000 on the news, snapping a four-day losing streak. Ethereum neared the $1,900 level. Bitcoin Bitcoin (BTC) snapped a four-day losing...
Bitcoin, Ethereum Technical Analysis: BTC Drops Below $27,000 Ahead of US Non-Farm Payrolls
1.6.2023
Bitcoin continued to erase last week’s gains on Thursday, as prices dropped for a fourth straight session. The latest decline comes ahead of tomorrow’s non-farm payrolls (NFP) report from the United States. Despite today’s weakness, ethereum remained above $1,800. Bitcoin...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Fall Lower, as US Consumer Confidence Hits 6-Month Low
31.5.2023
Bitcoin erased recent gains on Wednesday, as markets reacted to the latest points of U.S. economic data. One of which being consumer confidence, which dropped to a six-month low in May. Ethereum was also lower in today’s session, dropping below $1,900. Bitcoin Bitcoin (BTC) neared a breakout...
Bitcoin, Ethereum Technical Analysis: BTC Back Above $28,000, as ‘Death Cross’ Approaches
30.5.2023
Bitcoin was once again trading above $28,000 on Tuesday, as the 10-day and 25-day moving averages neared a death cross. The two trend lines have moved closer to one another, with an upwards bullish crossover somewhat imminent. Ethereum was also marginally higher today. Bitcoin Bitcoin (BTC) jumped...
Bitcoin, Ethereum Technical Analysis: BTC Above $28,000 as Biden Announces Debt Ceiling Deal
29.5.2023
Bitcoin climbed above the $28,000 level on Monday, as U.S. President Joe Biden confirmed that a deal was agreed in principle. Biden labeled the agreement a “compromise,” with Republican Kevin McCarthy calling it “historic.” Ethereum was also higher on the news, hitting...
Bitcoin, Ethereum Technical Analysis: BTC Nears $27,000 as Market Reacts to Latest US Personal Consumption Data
27.5.2023
Bitcoin moved closer to the $27,000 level on Saturday, as markets continued to react to the latest Personal Consumption data from the United States. The key inflation index rose to 4.4% in April, higher than expectations of a drop to 3.9%. Ethereum also edged higher. Bitcoin Bitcoin (BTC) rallied...
Bitcoin, Ethereum Technical Analysis: ETH Back Above $1,800, as Market Volatility Remains High
26.5.2023
Ethereum was once again trading above the $1,800 level, after a brief breakout during Thursday’s session. Prices rose by as much as 2%, as optimism grew that the U.S. debt ceiling could be increased. Bitcoin also marginally climbed, moving away from yesterday’s two-week low. Bitcoin...
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $26,000, as ETH Hits 2-Week Low
25.5.2023
Bitcoin dropped below the $26,000 level on Thursday, as bearish pressure intensified in cryptocurrency markets. Prices briefly fell below the $26,000 mark earlier in the day, before rebounding. Ethereum continues to trade below $1,800. Bitcoin Bitcoin (BTC) slipped below the $26,000 level during...
Bitcoin, Ethereum Technical Analysis: BTC, ETH 2% Lower, Ahead of FOMC Minutes
24.5.2023
Bitcoin was once again trading below a key resistance level of $27,000 on Wednesday, ahead of today’s U.S. Federal Open Market Committee (FOMC) minutes report. Markets are expecting that the minutes will show the Federal Reserve’s timeline towards a policy pivot. Ethereum was 2% lower...
Bitcoin, Ethereum Technical Analysis: BTC Remains Below $27,000 Ahead of Pivotal Week in US Debt Ceiling Talks
22.5.2023
Bitcoin continued to consolidate on Monday, ahead of U.S. debt ceiling talks with President Biden and Republican House Speaker Kevin McCarthy. It is expected that if a deal isn’t reached this week, the government will run out of cash on June 1. Ethereum was marginally higher. Bitcoin Bitcoin...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate on Saturday, Despite Optimism Fed Could Soon Pivot
20.5.2023
Bitcoin started the weekend in consolidation, as markets remained nervous despite somewhat dovish comments from U.S. Fed Chair Jerome Powell. Speaking on Friday, Powell stated that rates may not be increased by as much as initially expected. Ethereum rose marginally higher today. Bitcoin Bitcoin...
Bitcoin, Ethereum Technical Analysis: BTC Remains Below $27,000, Ahead of Powell Speech
19.5.2023
Bitcoin once again fell below the $27,000 level on Friday, ahead of a panel discussion which includes Fed Chair Jerome Powell. Powell will be holding a discussion with former Chair Ben Bernanke at a conference in Washington. Ethereum was marginally lower today. Bitcoin Bitcoin (BTC) dropped below...
Bitcoin, Ethereum Technical Analysis: BTC Sees Strong Rebound, as Biden Holds Debt Ceiling Talks
18.5.2023
Bitcoin rebounded on Thursday, as markets responded to news that U.S. President Joe Biden held positive talks regarding the debt ceiling. Biden reportedly met with Republican House Speaker Kevin McCarthy, in a bid to find an agreement. Ethereum also rose, moving back above $1,800. Bitcoin Bitcoin...
Bitcoin, Ethereum Technical Analysis: BTC Drops Below $27,000 as US Debt Ceiling Fears Grip Markets
17.5.2023
Bitcoin fell below the $27,000 level on May 17, as market uncertainty remained high amidst the debt ceiling crisis in the United States. Congress continues to negotiate terms of a potential increase to the limit, before the U.S. government runs out of cash on June 1. Ethereum also dropped, breaking...
Demand for ETH Staking Soars Despite Nearly Month-Long Waiting Period
16.5.2023
Since the implementation of the Shanghai upgrade to the Ethereum mainnet just over one month ago, which allowed Ethereum validators to withdraw all or some of their staked Ether (ETH) tokens from the staking smart contract for the first time, demand for ETH staking has soared.
According...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Ahead of US Retail Sales Data
16.5.2023
Bitcoin consolidated below a key price floor on Tuesday, as markets were preparing for upcoming U.S. retail sales figures. Following two months of declines, sales in the United States are expected to rebound, as inflation cools off. Ethereum remains above the $1,800 level. Bitcoin Bitcoin (BTC)...
Bitcoin, Ethereum Technical Analysis: BTC Rebounds From 2-Month Low, Climbing Back Above $27,000
15.5.2023
Bitcoin was back in the green on Monday, as prices climbed back above the $27,000 level to start the week. Prices slipped to a two-month low over the weekend, however momentum has marginally shifted. Ethereum was also higher today. Bitcoin Bitcoin (BTC) jumped back above the $27,000 level to start...
Bitcoin, Ethereum Technical Analysis: BTC Rebounds From 2-Month Low, as Bulls Enter the Market
13.5.2023
Bitcoin bounced back from a near two-month low on Saturday, as bulls moved in to buy the recent dip in price. Saturday’s move came as the cryptocurrency rebounded from a recent support point, after yesterday’s breakout. Ethereum was also higher, climbing above $1,800. Bitcoin Bitcoin...