BTC, ETH decline, following stronger than expected U.S retail sales data.
) fell for a second straight day, as markets continued to react to the latest U.S. retail sales report./USD slipped to a low of $16,430.11 earlier in today’s session.
The drop comes a day after the token was at a high of $16,726.44, but it now seems to be heading for a recent price floor.Looking at the chart, this support point appears to be at the $16,200 level, which has been the last line of defense prior to the token moving below $16,000 in recent days. A positive for long-term bulls is that the 10-day moving average looks as though it has somewhat exhausted its downward momentum, with a shift in sentiment potentially in the cards.bulls begin to buy this current dip.The world’s second largest cryptocurrency has been down by roughly 2% on Thursday, falling to a low of $1,189.21 in the process.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Technical Analysis: Is The Digital Currency Headed Toward The $13,000 Range?Morgan Stanley recently warned that bitcoin could fall to the highs it set in 2019 and 2020 after breaking through key support in the $18,000 range. Several market observers weigh in, offering technical analysis and market commentary.
Read more »
Bitcoin Technical Analysis: Is The Digital Currency Headed Toward The $13,000 Range?Morgan Stanley recently warned that bitcoin could fall to the highs it set in 2019 and 2020 after breaking through key support in the $18,000 range. Several market observers weigh in, offering technical analysis and market commentary.
Read more »
Bitcoin, Ethereum Technical Analysis: ETH Lower, as Markets React to Missile Exploding in Poland – Market Updates Bitcoin NewsEthereum moved into the red on Nov. 16, as markets became nervous, following a missile accidentally exploding in Poland.
Read more »
Ether staking withdrawal schedule removal faces harsh criticismEthereum developer Antiprosynth highlighted that the criticisms are coming at a time when Ether’s market dominance continues to grow.
Read more »
Natural Gas Technical Analysis: Price is Suffering from NegaSpot natural gas prices (CFDS ON NATURAL GAS) settled on a rise in early trading on Monday, to record slight daily losses until the moment of writing this repor
Read more »
Natural Gas Technical Analysis: Price is Suffering from NegaSpot natural gas prices (CFDS ON NATURAL GAS) settled on a rise in early trading on Monday, to record slight daily losses until the moment of writing this repor
Read more »