After a promising week’s trading, BTC/USD rose above the upper limit of its $10,000 trading corridor on Saturday before correcting, with $40,000 support still out of reach. A sudden move from Tesla then changed the atmosphere entirely. What’s next?
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Bitcoin plods ahead but Ether stole the show, easily dispatching its all-time high (Photo: CoinMarketCap)Markets Report: Bitcoin bull run hinges on $35K as Ether hits new all-time high
A slow upwards move for BTC/USD contrasts with an easy ride to record highs for Ether on Wednesday
Bitcoin showed signs of life on February 3 as largest altcoin Ether made good on its bull run and beat all-time highs. While modest compared to previous volatility, Bitcoin’s uptick buoyed sentiment among traders who had waited patiently for the market to decide short-term direction.
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Markets Report: Bitcoin bows to Ether as ETH nears new all-time highs
A lack of firm commitment up or down for Bitcoin contrasts with fresh gains for Ether, which is battling final resistance below $1,475
Bitcoin disappointed bulls on February 2 as a fresh attempt at flipping higher levels to support gained little momentum.
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Markets Report: Ethereum hits 2.5-year high, breaking $600 as CME announces 2021 futures launch
The largest altcoin hits $620 on the back of its own futures commitment on the day that Bitcoin reaches $20,800
As Bitcoin hits all-time highs and claims $20,000 this week, news of a different kind saw bulls double down on largest altcoin Ethereum. In a press release on December 16, CME Group, one of the first companies to launch Bitcoin futures trading in 2017, confirmed that ether futures would launch in February next year.
