New arrest for the rally of Bitcoin, Ethereum and Dogecoin – D1SoftballNews.com

new-arrest-for-the-rally-of-bitcoin,-ethereum-and-dogecoin-–-d1softballnews.com

Bitcoin and other major digital currencies slowed after the price hike observed earlier in the week on Tuesday evening.

Price trends of the main currencies
Currency 24 hours 7 days Price
Bitcoin (CRYPTO: BTC) 0.6% 13.6% $ 44,056.13
Ethereum (CRYPTO: ETH) -0.7% 11.5% $ 3,113.53
Dogecoin (CRYPTO: DOGE) -2.9% 11.14% $ 0.16
Coins in the highest rise in the last 24 hours (CoinGecko data)
Cryptocurrency % Change in the last 24 hours (+/-) Price
UNUS SED LEO (LEO) + 54.9% $ 7.49
IoTex (IOTX) + 22.1% $ 0.11
Kadena (KDA) + 16.8% 9 dollars

Because it is important

Bitcoin’s price plummeted after the US Department of Justice seized $ 4.5 billion in cryptocurrencies stolen during the 2016 Bitfinex hack; On Tuesday morning, two spouses were arrested in Manhattan in connection with the incident.

In intraday trading on Tuesday, Bitcoin hit a high of $ 45,293.87, while Ethereum rose to $ 3,219.47; at the time of publication, the two currencies were down 2.73% and 3.29% respectively from those levels.

Also Read: $ 47 million in ETH raised to free Julian Assange

Macroeconomic factors, which took a back seat on Monday, and Tuesday returned in strength to determine Bitcoin’s trajectory: the US currency unit strengthened while the dollar index, a measure of the strength of the greenback against six rival currencies, it was up 0.2%, according to a Reuters report.

“Bitcoin’s rally is taking a break, and exhaustion is stabilizing along with profit takings, as rate hikes drive the dollar up,” he said. Edward Moyasenior analyst at OANDA.

The analyst said that while Bitcoin has had a “nice rebound” moving up from the bottom around the $ 33,000 level, the $ 46,000 to $ 48,000 range “will prove to be significant resistance.”

“Bitcoin could begin to consolidate between the $ 40,000 and $ 45,000 levels until the US inflation report comes out later this week,” Moya said in a note analyzed by Benzinga.

Michaël van de Poppean Amsterdam-based cryptocurrency trader, believes Bitcoin will face a “crucial resistance”, different from that seen in September 2021.

My view on the markets is described in the chart.#Bitcoin faces a crucial resistance, which is different than the run we’ve experienced in September 2021. In that regard, I’m assuming we won’t break in one go and have a correction -> ending up bad for #altcoins. pic.twitter.com/7RKynM1dBW

– Michaël van de Poppe (@CryptoMichNL) February 8, 2022

Meanwhile, in the last 7 weeks, Bitcoin “mega whales” have significantly increased their stocks: since December 23, addresses with at least 1,000 BTC have added a total of 220,000 BTC – or $ 9.72 billion – to their wallets. , according to Santiment, a cryptocurrency data feed for investors.

Mega whales of #Bitcoin have accumulated significantly the past 7 weeks. Addresses with 1,000 $ BTC or more have added a combined 220,000 $ BTC to their combined wallets since December 23rd, the most rapid accumulation we’ve seen since September, 2019. https://t.co/RdVAg9FcP7 pic.twitter.com/gL1nJ18hyA

– Santiment (@santimentfeed) February 8, 2022

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