Bitcoin climbs above $24,000, hitting a 6-week high on Friday.
This latest high saw/USD rise to $1,774.58, which comes less than 24-hours after the token was trading at $1,604.89.
This was the highest price for ethereum since June 10, when prices were trading at a high above $1,800.However, like bitcoin, earlier bullish momentum has given way as today’s session has progressed, with the token now trading at $1,604.89 Which comes as the 14-day relative strength index failed to break out of a ceiling at the 66 level, and subsequently has now fallen to a reading of 63.72.
If bulls are to reach their target of $1,800 this upcoming weekend, price strength will need to surge beyond this hurdle.Tags in this story
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin, Ethereum Technical Analysis: BTC Surges by $2,000, Climbing Above $23,000 as Fed Hikes Bank Rate – Market Updates Bitcoin NewsCrypto prices surged in today’s session, as markets continued to react to the Federal Reserve’s latest interest rate hike.
Read more »
3 Bitcoin trading behaviors hint that BTC’s rebound to $24K is a ‘fakeout’Bitcoin price broke out of range to retest the $24,000 resistance level, but technical analysis suggests that the move could be a fakeout.
Read more »
Bitcoin Pumps to $22k as Fed Hikes Rates by 75 BPSThe Fed’s announcement again exercises its influence over global markets – including Bitcoin.
Read more »
How Many Bitcoins Are There? | CoinMarketCapThe maximum number of Bitcoins that will ever exist is 21 million — but have you wondered how much BTC are circulating currently, and how many Bitcoins are irrevocably lost?
Read more »
Bitcoin's 9% Price Increase and Ethereum's Return $1,600 Are Misleading: Crypto Market Review, July 28Fake rally or the end of the downtrend? The crypto market's bizarre reaction leaves investors puzzled
Read more »
Bitcoin bull run 'getting interesting' as BTC price hits 6-week highBTC price performance tops six-week highs as Bitcoin bulls watch for a daily close near $24,500.
Read more »