Bitcoin’s price passed $12,000 for the first time since September as Ethereum fees dipped. Bitcoin (BTC) trading around $11,910 as of 20:00 UTC (4 p.m. ET). Gaining 1.8% over the previous 24 hours. Bitcoin’s 24-hour range: $11,673-$12,058 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Bitstamp...Read More
PRICE POINT Bitcoin (BTC) was flat after jumping on Monday to a new 2020 high above $12,400. Analysts are now speculating whether the largest cryptocurrency can hold the higher ground. The latest move up came on high volume, and it was a “convincing break,” Denis Vinokourov, head of research for the crypto prime broker BeQuant, told CoinDesk....Read More
Bitcoin hit $12,000 but then fell as long derivatives traders were wiped out. Meanwhile, DeFi lending continues to grow. Bitcoin (BTC) trading around $11,884 as of 20:00 UTC (4 p.m. ET). Gaining 1.8% over the previous 24 hours. Bitcoin’s 24-hour range: $11,468-$12,084 BTC above its 10-day and 50-day moving averages, a bullish signal for market...Read More
Update (12:12 UTC): Bitcoin fell by nearly $500 to $11,546 in the 10 minutes to 10:30 UTC, after failing to absorb selling pressure above the $12,000 mark during the early European trading hours. It’s the second rejection above $12,000 in eight days, and comes as the U.S. dollar shows signs of bottoming out. Bitcoin is...Read More
Bitcoin climbed above $12,000 early Monday, before dipping once more, as traders weighed U.S. President Donald Trump’s move to provide emergency aid amid new signs that the labor market recovery is stalling. The oldest and largest cryptocurrency is up 63% on the year. You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team,...Read More
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