Browsing: Bitcoin

Crypto Today: Bitcoin, Ethereum, XRP extend gains as ETFs inflows and improved sentiment boost outlook InsightsNewsCryptocurrencies

Bitcoin has managed to push closer to the psychological $70,000 level after reclaiming $69,000. Meanwhile, Ethereum has jumped above $2,300 and is outperforming Bitcoin on a percentage basis. The question is now whether crypto is back indeed or just a relief rally has returned with a vengeance.

Bitcoin $BTC$71,936.32 extended Wednesday’s advance, climbing above $71,000 for the first time since June. The largest cryptocurrency has added 3.5% since midnight UTC and 11% over 24 hours, having broken decisively out of the range that had held it since July 8.

Bitcoin Jumps to $70K as Crypto Market Breaks Out | FXEmpire Advertisement Advertisement

A weaker dollar and shifting bond-market expectations have reignited investor appetite, while a major US crypto bill keeps traders watching Washington closely.

Bitcoin forces $3 billion crypto short liquidations wiping out 188000 traders as price holds $71987 with RSI at 89.25.

Listed company Cypherpunk Technologies (CYPH) suddenly announced the establishment of a mining division and took down about 18% of the entire hashrate of the Zcash (ZEC) network in one go, making it the world’s largest Zcash miner.

Aug 20 (Reuters) – Cryptocurrency and blockchain-related stocks surged in premarket trading on Thursday after U.S. President ‌Donald Trump urged Congress to pass legislation establishing clear rules for ‌the digital asset sector, following a White House meeting with industry executives.

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk.

Bitcoin (COIN:BTCUSD) powered above $71,000 on Thursday as improving expectations for U.S. cryptocurrency regulation and a sharp retreat in Treasury yields triggered a broad rebound across digital assets.