Bitcoin spikes above $28,000 as altcoins and stocks take a hit Bitcoinprice BTC crypto
- It was a mixed day for the cryptocurrency market as Bitcoin saw its price spike higher while the majority of altcoins recorded slight losses as crypto traders remain on the sidelines awaiting a more opportune trading environment.
Data provided by TradingView shows that Bitcoin continues to consolidate around the $27,600 support level, with the top crypto ranging from a low of $27,275 to a high of $28,052 in trading on Tuesday.The stabilizing price of Bitcoin was reflected in the price of April Bitcoin futures, which traded “near steady in early U.S. trading” according to Kitco senior technical analyst Jim Wyckoff.
The lack of a notable price movement was touched on by Crypto Tony, who posted the following tweet highlighting the patience required to wait for a short order to hit his target of $26,650.Same update, different day. Certainly a trade for patience this .. While below the EQ i am looking for the tap of the range low as my target on my short 💯 pic.twitter.com/mLwYJB9qJS
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 could hit US$100,000 by end of 2024, Standard Chartered saysStandard Chartered said on Monday that the pathway to the US$100,000 level is ‘becoming clearer’ as the so-called ‘crypto winter’ is over
Read more »
Demand for power for bitcoin mining still high despite B.C. Hydro freezeInquiries to use B.C. Hydro grid power continue to add up while the province worries whether new connections will crowd out greenhouse gas objectives.
Read more »
Assessing whether Bitcoin can slide below $20,000 as FUD intensifiesThe latest Glassnode alert revealed that the amount of Bitcoin supply last active in the last two-three years just soared to a 2-year high.
Read more »
Bitcoin Apr. 24 daily chart alert - Bulls in some technical trouble
Read more »
Bitcoin could hit US$100Gs by end-2024: Standard CharteredBitcoin has rallied so far this year, rising above $30,000 in April for the first time in ten months
Read more »
Russia is reportedly the second-largest Bitcoin mining hub behind U.S.Russia has claimed the second spot in terms of Bitcoin mining capacity, however, the lack of a legal framework and the growing risk of sanctions threaten the country's position.
Read more »