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Market Wrap: Bitcoin’s Powell-Induced Price Swing; Ethereum Still High on Gas

Bitcoin’s rally lost power after a speech by the Federal Reserve chief; Ethereum gas usage hits another record. Bitcoin (BTC) trading around $11,251 as of 20:00 UTC (4 p.m. ET). Slipping 1.8% over the previous 24 hours.Bitcoin’s 24-hour range: $11,130-$11,596BTC below its 10-day and 50-day moving averages, a bearish signal for

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Market Wrap: Bitcoin Dips to $11.1K; Ether Mining Difficulty at Year High

Bitcoin is looking bearish while Ethereum miners are reaping more fee revenue than ever before. Bitcoin (BTC) trading around $11,298 as of 20:00 UTC (4 p.m. ET). Slipping 3.8% over the previous 24 hours.Bitcoin’s 24-hour range: $11,102-$11,786.BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians.Bitcoin trading

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Market Wrap: Bitcoin Hits $11.8K; Ethereum Gas at All-Time High

The bitcoin market is experiencing low volume Monday but ether continues to fuel DeFi’s growth. Bitcoin (BTC) trading around $11,737 as of 20:00 UTC (4 p.m. ET). Gaining 0.34% over the previous 24 hours.Bitcoin’s 24-hour range: $11,592-$11,823.BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians.Bitcoin trading

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