• Bitcoin clings to $50K
    Bitcoin,  Ethereum,  Markets Report

    Markets Report: Bitcoin clings to $50K

    The second-highest weekly close in history fuels optimism among bulls yet rangebound behavior remains

    With the weekend producing near 7% gains, rangebound behavior still characterizes the mood as BTC/USD remains near its position from the same time last week. Bitcoin "clearly has to break above the $52K breaker to see continuation here towards $56K. On the downside: Failing to hold $46,500 and I'll assume we'll see a lows test at $42,000,”said popular trader Michaël van de Poppe.