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Bitcoin was trading higher for a second consecutive session on Tuesday, which is the first time it’s seen back-to-back gains in over two weeks. ETH also climbed in today’s session, as bulls continued to re-enter the market. Bitcoin BTC was trading higher for a second consecutive session on Tuesday, as markets continued to move away from recent lows. Prices hit an intraday peak of $21,387.65 earlier in today’s session, less than a day after trading at a low of $19,905.48.

ETH price bounces back from brief fall below $1,000 as Celsius Network announces re-payment start. Ethereum price has yet to breach the Elliott Wave trend channel. A breach at $366.80 will invalidate the bullish macro count. UPDATE: Ethereum price is trending slightly higher on Tuesday after closing Monday with a Doji candlestick, indicating the start of a potential consolidation period. ETH bulls seeming have been able to finally stabilize somewhat the price… Source link

Over the past 12 months, interest in Bitcoin – the world’s premier crypto currency – has increased, with BTC recording dramatic price fluctuations marked by an all-time high and large corrections. Despite the asset’s present increasing instability, curiosity over the cryptocurrency’s next price movement has sparked a surge in interest. According to Google search patterns, falling BTC prices are fueling rumors about the “death” of the main… Source link

A visual representation of the digital Cryptocurrency, Bitcoin. A new report says the technology’s security is vulnerable. Dan Kitwood/Getty Images hide caption toggle caption Dan… Source link

More than half of Bitcoin (BTC) addresses are still in profit, raising questions about the severity of the current “bear market.” Data from on-chain analytics firm Glassnode confirms that as of June 20, 56.2% of addresses were still worth more in United States dollar terms than when their coins entered them. Profitability fails to match previous market bottoms As BTC/USD fell to 19-month lows of $17,600 over the weekend, analysts braced for what they assume will turn out to be a retracement… Source link

The crypto markets saw their best day in over a month, with tokens across the market seeing gains in excess of 15%. This is despite a study by Linkedin claiming that most CEOs are expecting a recession within the next 12 months and a potential increase in unemployment caused by high inflation. As many claim that the crypto market is still dictated by institutions and the regular stock market, it is encouraging to see the recent disassociation and shows why long-term investors see crypto as a… Source link

Short term Elliott Wave view in Ethereum (ETH/USD) suggests that the decline from March 28, 2022 high is unfolding as a zigzag Elliott Wave structure. Down from March 28, 2022 high, wave ((A)) ended at 1700 and wave ((B)) ended at 1918.17. Wave ((C)) lower is currently in progress as the chart below shows. Internal subdivision of wave ((C)) is unfolding as a 5 waves impulse structure. Down from wave ((B)), wave 1 ended at 1725.21 and rally in wave 2 ended at 1874.03…. Source link

Bitcoin may have bottomed, but Ethereum price suggests otherwise for these reasons Ethereum price is in the middle of two complex scenarios which will yield a level of unpredictability for the future smart contract’s token. Institutional players have been scalping Ethereum with multi-million dollar positions. Venture capitalist firm Three Arrows Capital swung a 33 million dollar Ethereum position during the 3rd weekend of June. The firm was able to capitalize on an… Source link