Day: 11 April 2023

Cardano smashes $2 resistance as bullish signals enter for Bitcoin price

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[ad_1] Cardano’s ADA token neared $2.40 on May 15 as a select few altcoins bucked the bearish mood to steal the spotlight from a weak Bitcoin (BTC). ADA/USD 1-hour candle chart (Binance). Source: Tradingview ADA in price discovery as $2.50 nears Data from Cointelegraph Markets Pro and TradingView showed ADA/USD climbing through the weekend to hit a record $2.38. Traders had suspected that the long-awaited $2 would come into play in the short term, with Cardano bulls taking down resistance in one fell swoop overnight on Friday. With $2 out of…

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Altcoins pop while Bitcoin looks for support near $50,000

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[ad_1] Bitcoin (BTC) continues to look for direction, but as this occurred, Ether (ETH) and altcoins bounced higher from the Thursday sell-off. Dogecoin (DOGE) shocked investors with its 47% rally that kicked off after Coinbase announced that it would list DOGE in the coming months. DOGE’s price also rallied after Elon Musk tweeted that he was “working with Doge devs to improve system transaction efficiency. Potentially promising.” While many altcoins have seen double-digit gains during the recovery, the price of Bitcoin has continued to languish near the $50,000 level as whale wallets containing at…

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Bitcoin, Ethereum Technical Analysis: BTC Hits $30,000 on Tuesday, as ETH Nears $2,000

Bitcoin moved above $30,000 on April 11, as bullish sentiment returned to cryptocurrency markets. Markets surged after data in China showed that consumer prices had hit an 18-month low. Ethereum was also higher on the news, moving closer to $2,000. Bitcoin Bitcoin (BTC) raced above $30,000 for the first time in ten months, as markets reacted to the latest inflation data from China. Consumer prices in China rose by 0.7% in March, which is the slowest increase since September 2021. Following a low of $28,189.27 to start the week, BTC/USD…

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Tech giant Alibaba to roll out ChatGPT competitor AI

Tongyi Qianwen, the company’s AI chatbot, will be rolled out in the near future and integrated with Alibaba’s tech ecosystem. Source – cointelegraph.com

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How To Trade Bitcoin Ahead Of Tomorrow’s CPI Release? Analysts Weigh In

The Bitcoin price has risen above $30,000 for the first time since June 2022, continuing the uptrend that began earlier this year. After the price last struggled with resistance at $28,600 on the 1-day chart for over three weeks, the explosive breakout occurred yesterday while both traditional markets and gold remained flat. However, as Bitcoinist reported in this week’s macro preview, tomorrow will be the most important day of the week, if not the month – and could set the tone for the next few weeks. Wednesday, April 12, the…

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