Bitcoin, Ethereum bounce as crypto mirrors Wall Street

Bitcoin, Ethereum bounce as crypto mirrors Wall Street
фото показано с : coinjournal.net

2022-4-29 21:29

Bitcoin has gained 2.5% in the past 24 hours and is trading near the immediate resistance level of $40k

Ethereum’s bounce has seen it touch intraday highs near $3,000.

S&P 500 was up 2.3% in afternoon trading on Thursday.

Last Friday, Bitcoin price dropped by more than 5% US indexes plummeted, with the correlation continuing throughout this week. Today, crypto is looking to mirror gains across stock markets again, with Wall Street’s sharp climb after opening higher likely to provide further impetus.

Bitcoin (BTC) and Ethereum (ETH), the ‘big boys’ of the crypto market with a combined market capitalisation of nearly $1.2 trillion (the total crypto market capitalisation is $1.9 trillion at the time of writing), have bounced more than 2% in the past 24 hours.

The BTC/USD pair is hovering above $40,000 while ETH/USD is close to the $3,000 resistance level, with both coins gaining amid a broader recovery in equities.

In the equity markets, the S&P 500 is up 2.3%, the Dow Jones Industrial Average is higher by 1.7% and the Nasdaq Composite is leading the upside with 2.8%. There were also green sessions for Asian and European stocks, just days before the US Federal Reserve’s 0.5% interest rate hike.

Bitcoin and Ethereum are still “bullish”

BTC/USD holding well to support levels above $38K and retesting the key supply wall at $40,000 suggest bulls still have a chance to push higher.

 According to the pseudonymous crypto trader and analyst Altcoin Sherpa, the market structure looks bullish. He noted earlier in the day:

“As long as these lows are maintained and we still see higher lows, I think the bullish market structure is still intact. Still thinking 55k+ in the coming weeks.”

Rekt Capital, one of the top Bitcoin analysts on Crypto Twitter, also thinks Bitcoin could go higher.

“Bullish Divergence on the 4-hourly is playing out. Key resistance in the very short-term will be this red area [above $40,300]. Turning it into support like in the previous yellow circle would be a bullish sign for trend continuation,” the analyst shared.

Chart showing BTC price on the 4-hour timeframe. Source: Rekt Capital

On Ethereum, Altcoin Sherpa says:

“Unlike $BTC, ETH is still decently above its last lows and still has a bullish market structure (btc does too but its closer). Would like to see a higher low formed for #Ethereum. I think that it’s still at the mercy of BTC though, as always – if BTC tanks, so will ETH.”

The post Bitcoin, Ethereum bounce as crypto mirrors Wall Street appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 98298.81 (+0.28%)
Объем 24H $43.817b
Изменеия 24h: -0.40 %, 7d: 8.87 %
Cегодня L: $97633.19 - H: $98391.42
Капитализация $1944.992b Rank 1
Цена в час новости $ 39454.86 (149.14%)

bitcoin street mirrors wall bounce crypto ethereum

bitcoin street → Результатов: 126


Фото:

These 2 Trends Shows that Wall Street is in a Bitcoin Buying Frenzy

Bitcoin has been subjected to unprecedented turbulence throughout the past few months, declining to lows of $3,800 before rocketing to highs of $10,500 This volatility hasn’t been enough to thwart large market players from foraying into the digital asset Macro investor Paul Tudor Jones has been one of the first traditional investors to publicly profess his interest in BTC, but data shows that he isn’t the only one on Wall Street who is buying Bitcoin […]

2020-5-29 02:00


Wall Street is on the losing side of Bitcoin’s impressive price rally

Wall Street, complete in their tailored suits, suede shoes, and leather briefcases, have once again placed their bets against Bitcoin. Despite the fact that the collective cryptocurrency market broke the $350 billion mark, with Bitcoin alone accounting for 62 percent of the same and trading at $2,000 over its price at the beginning of the […] The post Wall Street is on the losing side of Bitcoin’s impressive price rally appeared first on AMBCrypto.

2019-6-26 14:30


Фото:

Wall Street Cozying Up to Bitcoin Could Open Up a Can of Worms Nobody Wants to See

With a number of Wall Street heavyweights beginning to open up to the crypto space, mainstream adoption of Bitcoin and other popular tokens seems almost inevitable at this juncture. But is this actually a positive development that investors should look forward to? Perhaps not, say some experts who seem convinced that the financial industry’s embrace […] Wall Street Cozying Up to Bitcoin Could Open Up a Can of Worms Nobody Wants to See was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-9-13 16:59


Wall Street’s Crypto King to CNBC: Institutions Are Afraid to Be the First Investor in Bitcoin

Bart Smith, aka Wall Street’s Crypto King, went on CNBC’s Fast Money recently and gave positive predictions for the future of Bitcoin. Smith, who is head of digital asset at Susquehanna, appears to not be troubled by Bitcoin’s recent downturn nor the recent denial of the proposed Winklevoss Bitcoin ETF by the SEC. Smith attributes […]

2018-8-3 07:29


Агентство Fundstrat начало принимать к оплате биткоины

Аналитическое агентство Fundstrat Global Advisors позволит своим клиентам приобретать исследования различных секторов экономики за биткоины. Для этого фирма заключила партнерство с процессингом BitPay.

2018-7-31 18:50


Bitcoin ETFs: Taking a Closer Look at VanEck’s Letter to the SEC

The push for SEC-approved Bitcoin ETF listings has been receiving heavy amounts of news coverage over the last week. As several companies seek to be the first to bring crypto to Wall Street, a letter has been published by New York-based investment giant VanEck refuting many of the concerns laid out by the Commission’s recent… The post Bitcoin ETFs: Taking a Closer Look at VanEck’s Letter to the SEC appeared first on UNHASHED.

2018-7-31 01:59