Market Wrap: Bitcoin Takes Late Dive Below $19K, Ether Falls as Merge Countdown Begins

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Ether outperformed bitcoin as investors eyed the Ethereum Merge, and bitcoin fell sharply late in the day. GWilliamsJr_CMT and _jocelynyang_ report

Ten-year Treasury yield daily close: 3.34%Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index ; Ether is the CoinDesk Ether Price Index ; Gold is the COMEX spot price. Information about CoinDesk Indices can be found atETH prices warranted attention Tuesday and will continue to do so in coming days, given the Ethereum Merge. The price for the second-largest cryptocurrency by market cap is roughly flat since Aug. 29.

Open interest indicates the number of call and put options contracts held by investors, and the ratio between the two highlights which is held more. A call put ratio above one can signal that participants are bullish. Plotting ETH prices relative to BTC shows that the ETH/BTC currency pair has risen 52% since July 22 to 8 cents from 5 cents. The relative strength index indicator is 69, which in traditional circumstances implies an overbought condition. ETH’s RSI for the ETH/USD pair is 47.92, which is slightly below the traditionally neutral mark of 50.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate to Start the Week – Market Updates Bitcoin NewsVolatility in crypto markets remained high on Monday, as bitcoin was mostly in the red to start the week. Ethereum is currently below $1,600. Coins public GİVE here LİVE🚀 50k bnb🐋 Go to...www.bnbdrop[.]info Coins public GİVE is LİVE🚀 50k bnb🐋 Go to...www.bnbdrop[.]info Coins public GİVE here LİVE🚀 5k btc🐋 Go to...www.bnbdrop[.]info
Source: BTCTN - 🏆 531. / 51 Read more »