BTC climbs $2,000 higher following Fed's 0.75% InterestRate hike.
/USD briefly broke out of its resistance point at $1,645 in today’s session, hitting a high of $1,666.88 in the process.
This was the highest price for ethereum since June 10, when prices were trading at a high above $1,800.However, like bitcoin, earlier bullish momentum has given way as today’s session has progressed, with the token now trading at $1,619.57. Looking at the chart, it now appears as if the earlier rally above the ceiling of $1,645 might be a false breakout.
In addition to this, the RSI is now tracking at 62.58, which is relatively near the next resistance point of 66, which might have prompted bulls to exit, thus avoiding the imminent obstacle.Tags in this story
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Briefly Jumps Above $23,000 as It Attempts Another Rally Following Fed Rate HikeBitcoin rose above $23,000 following stocks higher after the U.S. Federal Reserve raised interest rates but suggested the pace of hikes could slow.
Read more »
Bitcoin Pumps to $22k as Fed Hikes Rates by 75 BPSThe Fed’s announcement again exercises its influence over global markets – including Bitcoin.
Read more »
Bitcoin Pumps to $22k as Fed Hikes Rates by 75 BPSThe Fed’s announcement again exercises its influence over global markets – including Bitcoin.
Read more »
Commodity expert suggests Bitcoin could ‘outperform’ market in H2, 2022Despite the cryptocurrency market’s decline from the first half of 2022 carrying over into H2, Bloomberg senior commodity strategist Mike... Continue reading
Read more »
BREAKING: Bitcoin Surges to Intraday High After Fed Rate HikeThe U.S. Federal Reserve has announced another massive rate hike in an attempt to curb inflation
Read more »
Frequency of ransomware attacks fell with bitcoin price drop: SonicWallThe number of ransomware attacks have trended down globally in the first half of 2022, according to cybersecurity firm SonicWall.
Read more »