Bitcoin
$22,929.08
-319.11
(-1.37%)
Ethereum
$1,649.91
-21.33
(-1.28%)
Ripple
$0.40
-0.01
(-1.39%)
Litecoin
$99.21
-1.64
(-1.63%)
EOS
$1.09
-0.03
(-2.43%)
Cardano
$0.39
-0
(-1.23%)
Stellar
$0.09
-0
(-1.13%)
NEO
$9.19
+0.06
(+0.71%)
NEM
$0.04
-0
(-3.24%)
DigitalCash
$64.04
-1.71
(-2.6%)
Tether
$1.00
0
(0%)
Binance Coin
$327.87
-5.07
(-1.52%)
QTUM
$2.92
-0.04
(-1.45%)
Verge
$0.00
0
(+1.85%)
Ontology
$0.23
-0.01
(-3.78%)
ZCash
$45.17
-1.62
(-3.46%)
Steem
$0.23
-0.01
(-2.67%)

Bitcoin Pushes Past $17K, Ethereum, Dogecoin Extend Gains As Analyst Sees Crypto Rally

0


  • Bitcoin BTC/USD and Ethereum ETH/USD surged late on Sunday evening, joining the rest of the top 10 cryptocurrencies by market capitalization in a significant appreciation.
Coins Price Gains (Recorded at 9pm ET)
Bitcoin $17,175 +3.42%
Ethereum $1,292 +7.84%
  • What Happened: Bitcoin was up 3.42% at $17,175 over the last 24 hours, pushing past the $17,000 level, while ETH gained 7.84% to $1,292, according to CoinMarketCap data.
  • Meme coin Dogecoin DOGE/USD showed positive gains as well, rising 4% to $0.075.
  • The total crypto market capitalization is up by 2.77%, reaching $845.4 billion.
  • The Dow Jones Industrial Average increased by 2.1%, the S&P 500 Index advanced by 2.3%, and the Nasdaq Composite Index concluded its session 2.6% higher on Friday. 
  • This is the best day on record for the Dow and S&P 500 since Nov. 30 and the Nasdaq’s most successful since Dec. 29.

See More: Best Crypto Day Trading Strategies

  • Analyst View: Popular cryptocurrency analyst Michael Van De Poppe has predicted a significant rally this week, but cautioned a minor drop on Monday as a result of Gemini or other corrections. 
  • Crytpo lender Genesis last week eliminated 60 positions, or 30% of its workforce, as it attempted to economize and stave off a bankruptcy filing.
  • CryptoSlate’s analysis of Glassnode data indicates a marked increase in open interest for both Bitcoin and Ethereum.
  • The analysis showed a clear trend of significantly more call options than put options, indicating a strong bullish sentiment among options traders. Bitcoin has seen its strongest levels of demand in the $15,000 to $20,000 range, where its call-and-put options are roughly even. 
  • This is unsurprising given its recent consolidation since the FTX collapse, which has kept it trading within this general price range.

Over 85% of Bitcoin has reportedly not been moving, according to ‘Documenting Bitcoin’, a source for all BTC stories. 

Read Next: Genesis Billionaire-Backed Crypto Lender Axes 30% Of Jobs Months After Laying Off 20% Of Staff



Read More: Bitcoin Pushes Past $17K, Ethereum, Dogecoin Extend Gains As Analyst Sees Crypto Rally

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Notice: Undefined variable: ub in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 650

Notice: Undefined variable: ub in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 659

Deprecated: strripos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 659

Notice: Undefined variable: ub in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 674

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.