Cryptocurrency
Market Wrap: Bitcoin Bounces to $54K as Ether Fees Drop Below Average in Past Week
Market Wrap: Bitcoin Bounces to $54K as Ether Fees Drop Below Average in Past Week Bitcoin’s recovery may spark momentum that should persist this week, said one trader. Reported by CoinDesk.com “The price of bitcoin headed towards bearish territory Sunday before bouncing. Ether’s average fees have dropped over the past seven days, creating a potential […]
Market Wrap: Bitcoin Bounces to $54K as Ether Fees Drop Below Average in Past Week
Bitcoin’s recovery may spark momentum that should persist this week, said one trader.
Reported by CoinDesk.com
“The price of bitcoin headed towards bearish territory Sunday before bouncing. Ether’s average fees have dropped over the past seven days, creating a potential trading advantage for some.
- Bitcoin (BTC) trading around $54,076 as of 21:00 UTC (4 p.m. ET). Gaining 9.2% over the previous 24 hours.
- Bitcoin’s 24-hour range: $47,272-$54,340 (CoinDesk 20)
- BTC above the 10-hour but and 50-hour moving average on the hourly chart, a bullish signal for market technicians.”
Read the full article at CoinDesk.com