ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

Ethereum-Based Cross-Chain Trading Platform Emerges As New Front Runner in Decentralized App Space: DappRadar

June 4, 2023

Warren’s alleged work with short-seller shows anti-crypto army heating up

June 3, 2023

Sony Web3 Incubator Aims To Accelerate Japan’s Virtual Expanses

June 3, 2023
Twitter Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
Twitter Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Ethereum-Based Cross-Chain Trading Platform Emerges As New Front Runner in Decentralized App Space: DappRadar

    June 4, 2023

    Warren’s alleged work with short-seller shows anti-crypto army heating up

    June 3, 2023

    Gaming-Focused Layer-2 Crypto Project Surges by Over 90% After Announcement of New $80,000,000 Ecosystem Fund

    June 3, 2023

    Blockchain Association Files Another Amicus Brief Supporting Tornado Cash, Says Crypto Mixer Is ‘Simply a Tool’

    June 3, 2023

    BitMEX Founder Arthur Hayes Predicts a Bitcoin Bull Market Ahead, Says To Expect Fireworks – Here’s the Timeline

    June 3, 2023

    The Worst for Bitcoin (BTC) May Not Be Over, According to Bloomberg Analyst Mike McGlone – Here’s Why

    June 2, 2023

    Bitcoin ‘big move’ due in July after March $30K push — latest analysis

    June 2, 2023

    Europe’s right-wing political groups find cause in crypto

    June 2, 2023

    US debt ceiling, declining trust in banks send ETH staking to record highs

    June 2, 2023

    Uniswap DAO rejects plan to charge LP fees; UNI holders cite tax concerns

    June 1, 2023

    Billionaire Mike Novogratz Says One Massive Catalyst Will Send Crypto Off to the Races

    June 1, 2023

    ‘Not just Bitcoin price’ — Dan Tapiero shares tips on navigating the bear market

    June 1, 2023

    Ethereum-Based Cross-Chain Trading Platform Emerges As New Front Runner in Decentralized App Space: DappRadar

    June 4, 2023

    Gaming-Focused Layer-2 Crypto Project Surges by Over 90% After Announcement of New $80,000,000 Ecosystem Fund

    June 3, 2023

    Analytics Firm Santiment Says Bitcoin To Catch Up With Rallying Stocks, Updates Outlook on XRP and Litecoin

    June 3, 2023

    Under-the-Radar Ethereum (ETH) Competitor Pumps by 50% This Week Amid New AI Partnership

    June 3, 2023

    Ethereum-Based Cross-Chain Trading Platform Emerges As New Front Runner in Decentralized App Space: DappRadar

    June 4, 2023

    Warren’s alleged work with short-seller shows anti-crypto army heating up

    June 3, 2023

    Sony Web3 Incubator Aims To Accelerate Japan’s Virtual Expanses

    June 3, 2023

    Musk’s alleged price manipulation, the Satoshi AI chatbot and more

    June 3, 2023
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos

    Tether PUMPING BTC!? Why Stablecoin Market Cap Matters!!

    June 3, 2023

    Gensler Raises Army Of Minions In Crypto! #shorts #youtubehorts #crypto

    June 2, 2023

    Bitcoin 4 Year Cycle UPDATE!

    June 2, 2023

    CNBC Host STUNNED 🤯 After Billionaire’s Bitcoin Prediction

    June 1, 2023

    It Is OK To Take Profits! ($BEN Will Go Up And Down)

    June 1, 2023
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.00-1.46% 24H
    BITCOIN
    24H : -1.46%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-1.03% 24H
    ETHEREUM
    24H : -1.03%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.15% 24H
    TETHER
    24H : -0.15%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.00-1.30% 24H
    BNB
    24H : -1.30%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.00-0.12% 24H
    USD COIN
    24H : -0.12%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-3.25% 24H
    XRP
    24H : -3.25%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-1.87% 24H
    CARDANO
    24H : -1.87%
    Volume : $0.00
    Marketcap : $0.00
  • staked-etherLido Staked Ether(STETH)
    $0.00-0.98% 24H
    LIDO STAKED ETHER
    24H : -0.98%
    Volume : $0.00
    Marketcap : $0.00
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.00-1.46% 24H
    BITCOIN
    24H : -1.46%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-1.03% 24H
    ETHEREUM
    24H : -1.03%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.15% 24H
    TETHER
    24H : -0.15%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.00-1.30% 24H
    BNB
    24H : -1.30%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.00-0.12% 24H
    USD COIN
    24H : -0.12%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-3.25% 24H
    XRP
    24H : -3.25%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-1.87% 24H
    CARDANO
    24H : -1.87%
    Volume : $0.00
    Marketcap : $0.00
  • staked-etherLido Staked Ether(STETH)
    $0.00-0.98% 24H
    LIDO STAKED ETHER
    24H : -0.98%
    Volume : $0.00
    Marketcap : $0.00
ApeWatcher News
Home » Bitcoin lurks by $22K as US dollar falls from peak, Ethereum gains 20%
Ethereum

Bitcoin lurks by $22K as US dollar falls from peak, Ethereum gains 20%

Coin TelegraphBy Coin TelegraphJuly 19, 20220 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin (BTC) hugged $22,000 on July 19 as macro conditions slowly turned to favor risk assets. 

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Stocks, crypto rise as dollar weakens

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD cooling volatility immediately below the crucial 200-week moving average (WMA).

The Wall Street open saw further gains for United States equities in the face of a declining U.S. dollar, which extended its retracement after hitting its latest two-decade peak.

The U.S. dollar index (DXY) stood at around 106.5 at the time of writing, down 2.6% from the high seen July 14.

For Bitcoin analysts, it was thus a case of wait and see as markets bided their time between buy and sell levels.

$BTC / $USD – Update

These are the options on #Bitcoin right .. If we can sustain above the $21,700 range high and gain momentum, we can pump for the wave 3 ..

However, if we die down i am looking for another corrective wave down .. pic.twitter.com/cLGVGdTivK

— Crypto Tony (@CryptoTony__) July 19, 2022

“Shared this chart before, but just like that the $DXY is tanking, resulting into risk-on assets showing some momentum,” Cointelegraph contributor Michaël van de Poppe tweeted in an update on the day alongside a DXY chart.

“Yields need to drop now too, but the weakness on the Dollar could put more strength on crypto and Bitcoin.”

U.S. dollar index (DXY) 1-hour candle chart. Source: TradingView

On-chain monitoring resource Material Indicators meanwhile flagged the difference in strength between “psychological” levels such as $21,000 and $22,000 and the 200 WMA closer to $23,000.

“IMO, resistance at $21k and $22k are psychological, whereas the 200 WMA serves as legit technical resistance. FireCharts shows more BTC bid liquidity coming in to support an R/S flip at $21k,” it told Twitter followers on the day publishing data from the Binance order book.

“Looking for more bid liquidity to challenge the ever important 200 WMA.”

BTC/USD order book data (Binance). Source: Material Indicators/ Twitter

The day belongs to Ethereum

Deja vu for altcoin traders meanwhile came in the form of outperformance from Ether (ETH) versus other major cryptocurrencies’ intraday gains.

Related: 100X Bitcoin energy use would mean ‘absurd’ $20M BTC price — developer

ETH/USD, already up 25% in a week, added to its momentum overnight, climbing another 20% in just over 24 hours to briefly pass $1,600.

Resistance in the form of the 2018 high at $1,530 posed little problem for bulls, with the level forming a support focus at the time of writing.

“Ethereum relative to Bitcoin has closed above a key resistance,” popular trading account Game of Traders forecast.

“Buckle up for some big moves.”

ETH/USD 1-day candle chart (Binance). Source: TradingView

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.



Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

US debt ceiling, declining trust in banks send ETH staking to record highs

June 2, 2023

Uniswap DAO rejects plan to charge LP fees; UNI holders cite tax concerns

June 1, 2023

Billionaire Mike Novogratz Says One Massive Catalyst Will Send Crypto Off to the Races

June 1, 2023

‘Not just Bitcoin price’ — Dan Tapiero shares tips on navigating the bear market

June 1, 2023

Germany’s Deutsche Telekom plugs in as Polygon validator

June 1, 2023

Popular Crypto Analyst Issues Major Bitcoin Alert, Says BTC Ripe for a ‘Flush Down’ – Here’s Why

June 1, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Articles

Ethereum-Based Cross-Chain Trading Platform Emerges As New Front Runner in Decentralized App Space: DappRadar

June 4, 2023

Warren’s alleged work with short-seller shows anti-crypto army heating up

June 3, 2023

Sony Web3 Incubator Aims To Accelerate Japan’s Virtual Expanses

June 3, 2023
ApeWatcher News
Twitter Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2023 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.