News that Tether and Bitfinex had reached a settlement with the New York Attorney General in a legal battle which had begun in 2019, ending crypto’s “most significant existential threat,” served to change market sentiment in an instant.
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Bitcoin appears to be stabilizing above $50,000 as Ether pushes $2,000 barrier (Photo: CoinMarketCap)Markets Report: New all-time highs keep coming for Bitcoin, Ether
The past 24 hours brings records for the two largest cryptocurrencies, with charts providing little bearishness to spoil the mood
Ether hit new all-time highs of $1,929 on February 18 as a brief lull in Bitcoin price action allowed for further upside. The latest push higher brings Ether closer than ever to the significant psychological barrier at $2,000, something which if broken could immediately spur a surge to $2,200.
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Markets Report: Crunch time for Bitcoin as Tesla buys $1.5 billion in BTC
Bullish price action meets its match as Tesla appears to commit to a pro-Bitcoin future, buying the cryptocurrency and paving the way for payments
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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Markets Report: Ether hits $1,700 high but data hints firms piling into Bitcoin
Sideways price action continues for Bitcoin, but all the signs of a bullish continuation are there before the weekend
Monday began with the fallout from retail investors’ takedown of shorters on traditional markets. As regulators caught on and trading platforms shut down access to certain stocks, Bitcoin proponents swiftly stepped in to highlight the comparative freedom inherent in Bitcoin markets.
