Cryptocurrencies / Page 3

Cryptocurrencies slide after hawkish FOMC – Crypto News

Posted on June 14, 2024 at 11:40 am GMT

Bitcoin and Ethereum set for a losing week Hawkish Fed aids dollar and hurts risky assets SEC outlines timeline for ether ETF launch Roller coaster ride The last few days have been eventful for cryptocurrencies, with both Bitcoin and Ethereum easing from their recent highs. The stronger-than-expected NFP report on last Friday was the main catalyst behind Bitcoin’s decline heading into this week, while on Monday spot Bitcoin ETFs ended their streak of 19 consecutive days of net inflows. This was [..]

Technical Analysis – ETHUSD declines sharply towards 50-day SMA

Posted on June 11, 2024 at 2:38 pm GMT

ETHUSD posted 2-month high following ETF approval But retraced lower after a consolidation period Momentum indicators drop to negative territories ETHUSD (Ethereum) experienced a strong rally in May, advancing to its highest levels since mid-March. However, after a period of rangebound trading, the price inched lower as the short-term oscillators retreated to their negative zones. Should the pullback extend, initial support could be found at the March-April support of 3,260. Slicing through that barrier, the price might test the March bottom of 3,060. [..]

Bitcoin lurks near record highs, awaiting Fed cuts – Crypto News

Posted on June 7, 2024 at 11:04 am GMT

Bitcoin nears record high as ETFs see 18 straight days of net inflows With sector-specific risks out of the way, focus turns to interest rates Ether ETF demand and US elections emerge as fresh catalysts Bitcoin in breathing distance from all-time highs Cryptocurrencies have been in a buoyant mood lately, supported by a wide range of factors. Bitcoin has capitalised on growing institutional demand, with the 11 US spot-Bitcoin ETFs recording 18 consecutive days of net inflows on Thursday. Meanwhile, [..]

Technical Analysis – ETHUSD consolidates as advance pauses

Posted on June 6, 2024 at 9:21 am GMT

ETHUSD posts fresh 2-month high following ETF approval But fails to extend its rally as bulls lift foot off the gas Momentum indicators ease from overbought conditions ETHUSD (Ethereum) had been on the rise after claiming the 50-day simple moving average (SMA) in mid-May, also helped by the regulatory approval of spot-Ethereum ETFs in the US. Although the price posted a fresh two-month peak of 3,974, it has been rangebound in the past few sessions due to approaching overbought conditions. Should the [..]

Cryptos consolidate as spot Ether ETF excitement fades – Crypto News

Posted on May 31, 2024 at 11:36 am GMT

SEC’s approval of spot Ethereum ETFs lifts digital currencies With sector-specific risks out of the way, focus turns on interest rates What could be the next growth lever in cryptos? Cryptos go mainstream Last Thursday, the US Securities and Exchange Commission (SEC) greenlighted eight applications for spot Ether ETFs albeit they will begin trading in at least two or three months from now. Digital assets had been rallying hard in the days preceding the decision as speculators tried to [..]

Technical Analysis – ETHUSD pulls back from 2-month high

Posted on May 30, 2024 at 1:11 pm GMT

· ETHUSD posts fresh 2-month high following ETF approval · But sustains some losses as advance seems overstretched · Momentum indicators ease from overbought conditions ETHUSD (Ethereum) has been on the rise after claiming the 50-day simple moving average (SMA) in mid-May. Moreover, the regulatory approval of spot-Ethereum ETFs in the US boosted the price to a fresh two-month peak of 3,974 before erasing some gains. Should the latest weakness persist, the price could challenge 3,690, a region that has [..]

Speculation of spot ether ETF refuels crypto rally – Crypto News

Posted on May 22, 2024 at 12:53 pm GMT

Ether leads revived rally in cryptocurrencies on ETF hopes SEC reportedly U-turns on possible approval of spot ether ETF But can the latest rally be sustained? Ether ETFs move a step closer Ether – the second most popular cryptocurrency – is having its best week since August 2021 amid renewed speculation that the US Securities and Exchange Commission (SEC) is about to approve the first spot ether Exchange Traded Fund (ETF). Based on the Ethereum platform, ether has enjoyed an [..]

Technical Analysis – ETHUSD heads towards 2024 highs on ETF approval hopes

Posted on May 21, 2024 at 2:04 pm GMT

ETHUSD set to notch up a second straight day of sharp gains Hopes of spot ether ETF trigger broad-based crypto rally But danger that upswing is becoming overstretched ETHUSD (ether) has charged through its 50-day simple average (SMA) to make a fresh bid for the March peak of 4,093.70, which was a more than two-year high. The surge comes on renewed speculation that an approval by the US Securities and Exchange Commission for a spot ether ETF is imminent. [..]

Bitcoin rangebound above $60,000 ahead of US CPI test – Crypto News

Posted on May 15, 2024 at 8:22 am GMT

Bitcoin determined to hold onto $60,000 handle But bulls struggle amid lack of upside pressure US CPI data could decide the next course of action A lacklustre performance Crypto markets appear to have entered a more neutral phase after Bitcoin’s highly anticipated halving event on April 20 passed without much fanfare. Bitcoin is leading this range-bound trading among the big digital currencies, as aside from the fact that the halving effect was fully priced in prior to the actual event, [..]

Bitcoin finds support from a weaker dollar – Crypto News

Posted on May 10, 2024 at 11:51 am GMT

Bitcoin stabilizes above $60,000 as softness in greenback offers relief But the technical structure of lower highs and lows remains in place Regulatory woes re-emerge as markets await approval of Ethereum ETFs Bitcoin slide pauses The flagship cryptocurrency has come under significant selling pressure following the successful completion of the fourth halving event on April 19, underscoring investors’ belief that the impact of the event had been already baked into Bitcoin’s price. Therefore, with idiosyncratic risks out of the [..]

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