Bitcoin and Ethereum Pose Downside Potential Despite Bounce
A prominent cryptocurrency analyst, Bluntz, has expressed skepticism about the recent uptrend that increased Bitcoin and Ethereum prices by more than 5%.
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Bounce
Bitcoin analyst eyes ‘V-shape’ BTC price bounce as RSI hits 5-year low
Bitcoin (BTC) stayed stubbornly anti-trend on Aug. 22 as $26,000 became a magnet for intraday BTC price action.BTC/USD 1-hour chart. Source: TradingViewBTC price "death chop" returnsData from Cointelegraph Markets Pro and TradingView tracked a third day of sideways performance on BTC/USD.Despite being heavily oversold according to relative strength index (RSI)
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XRP, SOL Lead Crypto Market Bounce; RLB and UNIBOT Surge on Bullish Sentiment
“Technically, the market made its second failed attempt this month to get back above the 50-day average. The ability to consolidate above $30,000 will be a milestone, cementing the breaking of the downtrend of the last four weeks,” Kuptsikevich added. Source
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Bitcoin, Dogecoin Lead Bounce in Crypto Majors Day After Record 8-Month Liquidations
Crypto markets added 3.3% to overall capitalization in the past 24 hours as some opined the recent SEC filings could strengthen bitcoin's value proposition among investors. Original Source
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Ether, Dogecoin Lead Crypto Market Bounce; Lido’s Staked Ether Breaks Into Top Ten
Ether added over 10% in the past 24 hours, trading at 11-month highs above $2,120 during the Asian trading hours. Thursday’s Shapella upgrade ushered in a major development for the Ethereum network, allowing users to stake and unstake tokens from the network at will – improving the network’s overall outlook. Source
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MicroStrategy and Marathon Digital Lead Tenuous Bounce for Crypto-Related Stocks
The price of bitcoin on Sunday bounced as high as $22,600 on the news. It's currently pulled back a bit to $22,100. Among stock movers this morning, MicroStrategy (MSTR) is higher by 5.6%. Bitcoin miners Marathon Digital (MARA) and Riot Platforms (RIOT) are up 5.5% and 2.6%, respectively. Crypto exchange
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Bitcoin price falls to a multi-month low, but data points to a possible short-term bounce
March started off on a low due to a resurrection of inflationary fears. On March 7, hawkish comments from United States Federal Reserve chairman Jerome Powell amplified the market’s expectation of a 50-basis point hike in the upcoming policy rate meeting on March 22 to March 23. On March 8, the
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Bernstein: The Bounce in Cryptocurrencies Is a ‘Mean Reversion’ Rally
Recent gains are unlikely to presage a sustained advance, the report said. Source
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With Bitcoin Bounce Back, Crypto Mining Stocks Surge to Yearly Highs
A strong 28% jump in the BTC over the last two weeks has given crypto miners some relief after they faced acute financial stress last year.The strong rebound in the Bitcoin (BTC) price earlier this week has had a very positive impact on the crypto mining stocks. Stocks of the
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Marathon Digital, Coinbase Lead Bounce for Crypto-Related Stocks
Modest gains across cryptocurrencies were enough to jump start a rally in the beaten-down shares. Source
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