Cryptocurrency

Bitcoin Faces Initial Resistance at $46K; Support at $42K

Seasonal strength could keep buyers active within the year-long price range.

Bitcoin rose 4% over the past 24 hours, compared with a 6% rally in DOGE.

Momentum signals are on the verge of turning positive for the first time since August 2021.

Recent price bounces have lacked conviction among crypto traders, especially in the futures market.

Buyers remain active on pullbacks, keeping support levels intact.

The rival to the Ethereum blockchain supports a thriving DeFi ecosystem and other smart contract-driven applications.

By Ekin GençMar 23, 2022

BTC rose above $42K while ETH topped $3K for the first time in two weeks.

Momentum is turning bullish over the short term.

While you might be familiar with cryptocurrencies and how they work, do you know what they actually are?

The inversion of the yield curve signals the Fed may compromise in the future, so it's a good sign in part, one trader said.

By Omkar GodboleMar 22, 2022

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