Market Wrap: Bitcoin in Neutral at .5K as Ether Continues Bull Run

Market Wrap: Bitcoin in Neutral at $55.5K as Ether Continues Bull Run

It’s boring bitcoin so far this week, with ether making gains for traders in a crypto market that overall is still signaling bullishness.

  • Bitcoin (BTC) trading around $55,502 as of 21:00 UTC (4 p.m. ET). Slipping 1.9% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $54,565-$57,043 (CoinDesk 20)
  • BTC close to the 10-hour and 50-hour moving average on the hourly chart, a sideways signal for market technicians.

Bitcoin’s hourly price chart on the Bitstamp exchange since April 18.
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