New ath print & BTC strengthening after sharp corrections
Although last week the price of BTC fell to us $47,159.49 - the lowest level since March 5. Bitcoin was restored by Monday and returned to the trade of nearly $55,000. It also encouraged the return of market capitalization of the BTC onto us $1 trillion for the first time since Thursday of last week. Supposedly, the return of the bitcoin was driven by some of the good news below.
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Tesla's optimism for cryptocurrency
Tesla announced that they had made a profit of us $100 million from their bitcoin investments, which far exceeds standard spending. Tesla's cfo, Zachary kirkhorn, states that they have "many reasons to be optimistic" for cryptocurrency.
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Jp Morgan's started siding with the bitcoin?
Sources claim that jp Morgan is preparing to offer an active bitcoin fund to be slated. This action would demonstrate a large U.S. bank's shift in bitcoin. Their CEO, jamie dimon, had often voiced his allegiance to cryptocurrency.
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Ethereum print new vochigh
Positive price momentum continues, with a total market capitalization of kryptonian assets returning to us $2 trillion since Thursday. Ethereum (eth) went up again and successfully scored the new highest at us $2,600. It's likely prompted by the news that the average expense of the transaction has me.
A lot of tarding activity occurred in the cryptoasset market last weekend. The weekly volume of bitcoins increased significantly last week, almost to its highest position in February. The rise came after the trading volume rose to $10 billion ($10 trillion more) in a few days
A lot of tarding activity occurred in the cryptoasset market last weekend. The weekly volume of bitcoins increased significantly last week, almost to its highest position in February. The rise came after the trading volume rose to $10 billion ($10 trillion more) in a few days
Bitcoin has again failed to keep its price at the us $50,000 level by Friday. But then the BTC quickly made it to that level. The price is now moving towards the resistance level in the us $58,000 range.
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An increase of this level will indicate the reversal of bullish. Correction and testing the level of support in the us $51,000 might occur before rising higher. Some consolidation of prices and a drop to us $47,000 is not a surprising phenomenon in the current market situation.