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Cryptocurrencies

Why are Gold and Bitcoin hitting new records together? – Special Report

Posted on March 12, 2024 at 3:34 pm GMT

Gold and Bitcoin cruise to new all-time highs simultaneously However, there are different drivers behind these rallies Overall, both assets might have more scope to run higher Gold and bitcoin go through the roof It’s pretty rare to see gold and bitcoin setting new record highs at the same time. Gold is considered the ultimate safe haven asset, while bitcoin is often viewed as one of the riskiest and most speculative plays. When both of them stage an incredible rally, [..]

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Bitcoin consolidates a tad below all-time highs – Crypto News

Posted on March 8, 2024 at 12:43 pm GMT

Bitcoin surges to an all-time high of $69,202 on Tuesday Experiences a pullback but rebounds strongly Focus shifts on halving and Fed rate cut trajectory   Turning point This has been a landmark week for Bitcoin and the crypto market in general as on Tuesday the king of digital currencies stormed to a fresh all-time high of $69,202, according to data compiled by LSEG Eikon, before paring some gains. Despite an initial pullback, the bulls managed to quickly regain the [..]

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Technical Analysis – ETHUSD storms to a fresh 26-month peak

Posted on March 7, 2024 at 2:58 pm GMT

ETHUSD ascends sharply, touching 4,000 psychological mark Momentum indicators are deep within overbought zones Risk of a pullback is high given the overstretched rally                 ETHUSD (Ethereum) has been in a steep uptrend, surging to consecutive multi-month highs. However, traders should not rule out an impending downside correction as the short-term oscillators are flagging extremely overbought conditions. Should bullish pressures persist, the price might revisit its recent 26-month peak of 3,902. Breaking above that zone, [..]

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Bitcoin captures $60,000 amid strong ETF demand – Crypto News

Posted on March 1, 2024 at 12:51 pm GMT

Bitcoin soars 20% in the week and eyes record highs Ethereum follows suit, leaping to a fresh 22-month peak Dencun upgrade, halving and rate cuts next on the agenda   Bitcoin posts biggest monthly gain in 3 years The king of cryptocurrencies has been enjoying a massive rally since Monday, surging from $54,300 to as high as $63,933 on Wednesday before paring some gains. This latest spike concluded a stellar monthly performance for Bitcoin, with its price rising around 43%, [..]

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Technical Analysis – BTCUSD skyrockets towards record highs

Posted on February 29, 2024 at 1:03 pm GMT

BTCUSD goes parabolic, gaining around 20% since Monday Jumps above 60,000 and is on track to test all-time highs Momentum indicators look extremely overbought BTCUSD (Bitcoin) has experienced an exponential rally since the beginning of the week, which has sent the price within breathing distance from its all-time highs. However, the momentum indicators are currently deep in their overbought zones, increasing the odds for an impending pullback. If Bitcoin storms to fresh highs, the December 2021 resistance of 64,300 might curb initial upside [..]

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Bitcoin consolidates above $50,000 as advance pauses – Crypto News

Posted on February 23, 2024 at 12:40 pm GMT

Bitcoin posts fresh 2-year high this week but fails to rally Ethereum violates $3,000 for the first time since April 2022 ECB warns that cryptos are worthless despite ETF approval   Bitcoin enters a consolidation phase Bitcoin is on track for a solid monthly performance in February, rebounding strongly from its post-ETF bottom and posting consecutive higher highs. This week, the king of cryptos stormed to a fresh more than two-year peak of $52,990 but failed to extend its advance. [..]

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Technical Analysis – BTCUSD consolidates near more than 2-year high

Posted on February 22, 2024 at 1:39 pm GMT

BTCUSD moves sideways after steep advance pauses Holds comfortably above 50,000 psychological mark Momentum indicators look overbought BTCUSD (Bitcoin) had been in a steep advance following its break above the 50-day simple moving average (SMA) on February 7. However, the rally seems to have paused for now, with the price consolidating a tad below its more than two-year peak of 52,989. If Bitcoin storms to fresh highs, the November 2021 support zones of 53,300 and 55,500 could now provide initial resistance. Conquering [..]

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Technical Analysis – ETHUSD unlocks 21-month high just shy of 3,000

Posted on February 20, 2024 at 12:46 pm GMT

ETHUSD extends structure of higher highs Posts 21-month peak a tad below 3,000 psychological mark Momentum indicators point to overbought conditions ETHUSD (Ethereum) has been developing within a bullish channel since late October, surging to consecutive higher highs. On Tuesday, the price leaped to a fresh 21-month peak of 2,984, but traders should be cautious as the momentum indicators are hinting at overbought conditions . If buying pressures persist and the price storms to fresh highs, the bulls might attack the [..]

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Bitcoin clocks 2-year high, surpassing $1 trillion in market cap – Crypto News

Posted on February 16, 2024 at 12:28 pm GMT

Bitcoin surges above $52,000 to a fresh 2-year peak Regains $1T market cap as crypto market touches $2T Market focus turns on halving event and Fed rate cuts   Bitcoin fires on all cylinders Bitcoin and most major digital coins advanced sharply this week, extending their solid performance in 2024. Despite a minor retreat after the hotter-than-expected US CPI report pushed back against premature rate cut bets, Bitcoin and Ethereum leaped to their highest levels since December 2021 and May [..]

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Technical Analysis – BTCUSD explodes to a more than 2-year high

Posted on February 15, 2024 at 11:58 am GMT

BTCUSD goes parabolic after claiming 50-day SMA Jumps above 50,000 to a fresh more than 2-year peak Momentum indicators look extremely overbought BTCUSD (Bitcoin) has been experiencing a steep advance following its break above the 50-day simple moving average (SMA) on February 7. Within a week, the price violated its two-year peak of 49,051 and surged above the 50,000 psychological mark, but traders should be cautious as the advance is significantly overstretched. If the rally resumes, Bitcoin could test the November 2021 support [..]

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