Archive for Category: Market Outlook Crypto

Bitcoin price

Bitcoin price indecisive as investors await Fed’s Wednesday announcement

The price of Bitcoin is up 0.11% at $38,551.41 on mid-Tuesday trades. Bitcoin price opened the month with a bullish candle gaining 2.20% on May 1, 2022, as it ended the previous month at $37,664.10. It opened this week with a bullish Doji candle, indicating indecisiveness among market participants,...

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Bitcoin price

Bitcoin exhibits a rare pattern, 50% drawdown possible

Bitcoin price is up 0.16% at $40,495.06 on mid-Tuesday trades. It finished, on Monday, above the $40,000 – level after prices went below this level the previous week. Bitcoin’s 20-week moving averages and 50-week moving averages (WMAs) have both started to slope downwards. While this might seem like a...

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Bitcoin price

Bitcoin climbs above $40,000 as traders buy the dip

Bitcoin price is up 2.08% at $40,360.12 in the early Monday session. The price of Bitcoin collapsed on Monday, plummeting 6.24%, closing below the $40,000-mark at $39,535.87. In almost two months, this decline is the most, following global stock indices. BTC plummeted under the 50-day moving average dashing hopes...

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Ethereum

Ethereum is Up 28% Over the Past Few Weeks, How High Can It Fly?

Ethereum was trading down 5.10%at $3,082.27 As of this writing, Ethereum was trading at $3,058.29 per token, marking a 28% lift from its most recent low of $2,211.01 on January 24, 2022, according to CoinMarketCap. If you haven’t been paying much attention to this “old school” crypto project with...

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Bitcoin at $38K

JPMorgan estimates ‘fair value’ of Bitcoin at $38K

BTC USDis trading up 0.35% at 44257.99 Amid Bitcoin (BTC) posting a significant price recovery since early February, JPMorgan analysts suggested that the “fair value” of BTC is actually lower than its market price on Tuesday. The current fair-value level for BTC is around $38,000, JPMorgan strategists said in...

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Russian government and central bank agree to treat Bitcoin as currency

Bitcoin was trading down 0.69% at $43,555.79. The government and central bank in Russia have reached an agreement on how to regulate cryptocurrencies, according to a Tuesday announcement. Russia’s government and central bank are now working on a draft law that will define crypto as an “analogue of currencies”...

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