Market Wrap: Bitcoin Stays Near $55K as Ether Hits Brand-New Record Price

The story of boring bitcoin and exciting ether continued in the cryptocurrency markets Wednesday.

  • Bitcoin (BTC) trading around $54,925 as of 21:00 UTC (4 p.m. ET). Gaining 0.14% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $54,046-$55,710 (CoinDesk 20)
  • BTC above the 10-hour and the 50-hour moving averages on the hourly chart, a bullish signal for market technicians.

Bitcoin’s hourly price chart on Bitstamp since April 25.
Source: TradingView

Bitcoin’s price was holding steady on…


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