News Formal

Bitcoin, Ethereum Technical Analysis: ETH, BTC Fall to Multi-Week Lows, Following US Inflation Data – Market Updates Bitcoin News

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

BTC moves to 7-week low, as ETH drops below $1,800 following U.S. inflation report.

/USD slipped to a bottom at $1,795.67 late on Wednesday, following an earlier peak of $1,886.80.

As a result of the sell-off, the cryptocurrency dropped to its lowest level since April 26, however price has since rebounded.One of the catalysts for the sell-off was a breakout which took place on the RSI, which saw the index fall below 45.00. At the time of writing, price strength is tracking at 43.93, with ethereum now trading at a price of $1,824.22.

It appears that a crossover between the 10-day , and 25-day moving averages will likely occur, and could signal a reversal in momentum.Tags in this story

 

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:

 /  🏆 531. 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 Hovers Near Key Price Floor, Ahead of US Inflation Report – Market Updates Bitcoin NewsBitcoin was hovering close to a key price floor near $27,300 on Wednesday, as markets anticipated the upcoming U.S. inflation report.
Source: BTCTN - 🏆 531. / 51 Read more »