According to IG analyst Chris Beauchamp, Bitcoin is stuck in a fragile phase as the market tries to climb out of a rough patch. Prices have been moving in a narrow range and investors appear cautious. Bitcoin has been trading just above $94,000 when this report was made, which is about 3.5% higher than its…
Tag: fed rate cut
Bitcoin Set Up For ‘Promising’ Q4, Next Two Weeks Could Be Decisive
As the overall market continues to move sideways, Bitcoin (BTC) is attempting to reclaim its local range highs as support. After short-term volatility, fueled by the Federal Reserve’s (Fed) rate cut, the cryptocurrency could be poised to close the month on a positive note. Bitcoin Nears Multi-Month Bullish Run On Wednesday, Bitcoin retested the $117,000…
Ethereum (ETH) Breaks Above $4,800 Amid Market Recovery – Is It Time For New Highs?
Ethereum (ETH) is leading the end-of-the-week market recovery after finally breaking above the $4,800 resistance. As the cryptocurrency is attempting to reclaim this crucial area, some analysts suggest that a new all-time high (ATH) is imminent. Ethereum Hits New Multi-Year High On Friday, Ethereum broke above the $4,800 resistance for the first time since 2021,…
US Adds 256,000 Jobs In December – Implications For Bitcoin?
Bitcoin (BTC) remains the center of investors’ attention and concern especially following the latest nonfarm payrolls data from the US Bureau Of Labor Statistics (BLS). While the general market sentiment remains bullish, recent developments in the US economy indicate that macroeconomic factors may be against the premier cryptocurrency in 2025. Currently, Bitcoin trades above $94,000…