Sunday, February 5, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Cryptocurrencies

bitcoin price: Top Cryptocurrency Prices Today: Bitcoin, Ethereum, Polkadot gain up to 4%

MtR by MtR
June 7, 2021
in Cryptocurrencies
0
bitcoin price: Top Cryptocurrency Prices Today: Bitcoin, Ethereum, Polkadot gain up to 4%


New Delhi: Major Cryptocurrencies traded higher at 9.30 hours IST on Monday. Only two out of the top 10 digital currencies — Tether & USD coin — were trading in red. Earlier on Sunday, Bitcoin and other top cryptocurrencies had fallen on concerns that there may be a further crackdown on the industry in China.

Chinese social-media service Weibo suspended some crypto-related accounts. Chinese authorities have recently cautioned on crypto trading and mining, which have put pressure on prices.

Related articles

Crypto Credit Cards and Debit Cards: What You Need to Know – CoinDesk

August 8, 2022

Cryptocurrency companies spend $2.4B on sports sponsorships

August 8, 2022

“We are currently witnessing stability in the cryptocurrency market. If we consider the past two weeks, prices of both BTC and ETH have been range bound. Consolidation is good as it allows the market to build up the momentum. Among the Altcoins, it might be an interesting week for Ripple and Dogecoin,” Edul Patel, CEO and Co-founder, Mudrex.

Meanwhile, over 12,000 participants descended on Miami to attend a two-day Bitcoin conference the city hosted. Miami is hoping to become the next cryptocurrency hub. In this conference, Nayib Bukele, President of Central American nation El Salvador said that he will send proposed legislation to the country’s congress that would make the cryptocurrency legal tender this week.

ZebPay Trade Desk’s Tech View
Bitcoin (BTC), the leading asset by market capitalisation, has been pretty range-bound over the past week. After witnessing a major correction a few weeks back, the asset seems to have gained some stability, trading in the range of $35,000 – $38,500. BTC currently trades at $36,700. Volumes have seen a slight dip over the last week, but that could be a result of the bearish stance in the marketplace.

However, the past couple of days have been positive for the asset as we have seen an upside in volumes, signaling that bearish sentiment is diminishing and bulls are buying in at higher levels. BTC hasn’t seen a major rally since the market reset, and this seems unlikely to happen very soon, and we anticipate a gradual recovery to continue.

Bitcoin-chart

Bitcoin, last week showed good signs of recovery, though the asset tested resistance multiple times but failed to break and sustain above it. Technically, on the 12-hour time frame, BTC is trading sideways in a ‘Symmetrical Triangle’ pattern (During this period of indecision, the highs and the lows seem to come together at the point of the triangle with virtually no significant volume). Hence, Breakouts on either side with good volumes will further decide the trend.

Major levels

Support: $33,850 and $31,111

Resistance: $40,000 and $42,500

Time is in UTC and the daily time frame is 12:00 AM – 12: 00 PM UTC


(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the asset/s mentioned.)



Source link

Related Posts

Crypto Credit Cards and Debit Cards: What You Need to Know – CoinDesk

by MtR
August 8, 2022
0

Crypto Credit Cards and Debit Cards: What You Need to Know  CoinDesk Source link

Cryptocurrency companies spend $2.4B on sports sponsorships

by MtR
August 8, 2022
0

At F1’s inaugural GP in Miami this spring, the entire complex was decked out in signage from title sponsor Crypto.comGetty...

Binance CEO, Changpeng Zhao, warns of cryptocurrency risk, as investors lose $1.11 trillion

by MtR
August 8, 2022
0

The founder of Binance, the largest cryptocurrency exchange platform, Changpeng Zhao, has warned cryptocurrency traders of the danger of the...

The Number of Cryptocurrency ATMs Installed Worldwide Surpasses 39,000 – Bitcoin News

by MtR
August 8, 2022
0

This week the number of cryptocurrency automated teller machines (ATMs) operating worldwide has surpassed the 39,000 mark. Since January 2017...

‘As the Cryptocurrency Market is Showing Some Signs of Recovery, Here Are Some … – Latest Tweet by Litecoin

by MtR
August 8, 2022
0

'As the cryptocurrency market is showing some signs of recovery, here are some cryptocurrencies you must look into..' - @analyticsinme...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Industrial Lubricants Market to Reach $71 Billion by 2027.

August 10, 2022

Recent News

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter