• BTC Dominance: %
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

Bitcoin wobbles on Wall Street open as Ethereum hits $1.6K in 6-week high

Jon Hartney by Jon Hartney
July 22, 2022
in Bitcoin, Blockchain, Business, Market
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Bitcoin and Ethereum both gain but ETH price action takes the prize as Bitcoin cools momentum.

Bitcoin (BTC) took a step back as Wall Street trading began on July 22 after recovering most of its previous losses.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

BTC bulls fail to sustain assault on multi-week high

Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD encountering fresh resistance near $24,000.

Related articles

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

The pair had spent the past 24 hours slowly clawing back lost ground after news that Tesla had sold most of its BTC holdings.

With the pre-announcement high of $24,280 still in force, bulls saw something of a setback as Wall Street opened on the day, with BTC/USD losing around $400.

Analyzing the current order book structure on major exchange Binance, on-chain monitoring resource Material Indicators warned that the overall bear market structure remained in control.

As you can see a good portion of the bid liquidity we saw yesterday has moved up to get filled. and that helped push #BTC back above $23.5k (for now).
That’s short term bullish in a bear market rally. pic.twitter.com/S4oiyj5Rlt

— Material Indicators (@MI_Algos) July 22, 2022

“Extreme lows and drops usually results in a revert to the mean move, or relief rally. Basically sellers are exhausted and buyers step trying to buy the bottom, causing a relief rally,” popular trader Crypto Tony added, reiterating that “the main trend remains bearish currently.”

United States equities were similarly muted on the day, with the S&P 500 and Nasdaq Composite Index seeing modest declines on the open. 

The U.S. dollar index (DXY), in consolidation during the week, continued its downturn, targeting 106 for the first time since July 5.

U.S. dollar index (DXY) 1-day candle chart. Source: TradingView

Ethereum runs the show among altcoins

While also coming off its local highs, Ether (ETH) still gave analysts plenty to be excited about.

Related: Ether price stalls at $1,630 after gaining 50% in under a week

ETH/USD hit $1,640 on the day, marking its highest level since June 11 before returning to linger around the $1,600 level at the time of writing.

$ETH recover starts to look as V-shaped.

Resistances to look @:
$1700 which i thing will be destroyed.
Stronger $2.5ks, which also is 61.8 fib retracement, if fomo kicks in i’m finally expecting $3.2ks, 78.6% fib.

— Wolf (@IamCryptoWolf) July 22, 2022

“Textbook bull flag breakout as Ethereum continues its hot streak,” trading software provider TrendSpider told Twitter followers about the ETH/USD daily chart as the highs entered.

Ethereum was once again the leader in terms of daily gains among the top ten cryptocurrencies by market cap. Versus its lows from just 10 days prior, ETH/USD was up 62%.

ETH/USD 1-day candle chart (Binance). Source: TradingView

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Bitcoin derivatives data shows room for BTC price to move higher this week

by Jon Hartney
January 23, 2023
0

BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

by Jon Hartney
January 22, 2023
0

BTC could take a break from its sharp rally and if BTC price bounces off underlying support, APE, MANA, AAVE...

Genesis bankruptcy case scheduled for first hearing

by Jon Hartney
January 22, 2023
0

The first hearing in Genesis Capital's bankruptcy case will be held on January 23, according to court filings

Terra lending protocol Mars to launch mainnet

by Jon Hartney
January 22, 2023
0

The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during...

Central African Republic eyes legal framework for crypto adoption

by Jon Hartney
January 22, 2023
0

A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in

Load More
  • Trending
  • Comments
  • Latest

Ethereum Classic gets ‘endorsement’ from Vitalik Buterin, but ETC price still risks 50% crash

July 27, 2022

Critique on Helium’s $6.5K monthly revenue causes a stir

July 28, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022

Cardano Vasil hard fork hit with another delay for several weeks

July 29, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0

Crypto owners banned from working on US Government crypto policies

0

Korean startup Uprise lost $20M shorting LUNC

0

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

Genesis bankruptcy case scheduled for first hearing

January 22, 2023

Terra lending protocol Mars to launch mainnet

January 22, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Bitcoin derivatives data shows room for BTC price to move higher this week January 23, 2023
  • Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher January 22, 2023
  • Genesis bankruptcy case scheduled for first hearing January 22, 2023
  • Terra lending protocol Mars to launch mainnet January 22, 2023
  • Central African Republic eyes legal framework for crypto adoption January 22, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$23,394.000.19%
  • ethereumEthereum(ETH)$1,667.800.81%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.03%
  • binancecoinBNB(BNB)$332.381.30%
  • usd-coinUSD Coin(USDC)$1.00-0.04%
  • rippleXRP(XRP)$0.4109240.34%
  • Binance USDBinance USD(BUSD)$1.000.03%
  • cardanoCardano(ADA)$0.399751-0.21%
  • dogecoinDogecoin(DOGE)$0.0953941.89%
  • matic-networkPolygon(MATIC)$1.241.01%
  • OKBOKB(OKB)$44.106.22%
  • SolanaSolana(SOL)$24.40-0.39%
  • Shiba InuShiba Inu(SHIB)$0.0000157.81%
  • Lido Staked EtherLido Staked Ether(STETH)$1,663.420.91%
  • polkadotPolkadot(DOT)$6.880.15%
  • litecoinLitecoin(LTC)$98.53-0.34%
  • AvalancheAvalanche(AVAX)$20.94-0.93%
  • tronTRON(TRX)$0.0645091.64%
  • UniswapUniswap(UNI)$7.252.14%
  • daiDai(DAI)$1.000.12%
  • cosmosCosmos Hub(ATOM)$14.68-0.70%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,389.000.18%
  • chainlinkChainlink(LINK)$7.230.39%
  • ToncoinToncoin(TON)$2.330.12%
  • ethereum-classicEthereum Classic(ETC)$23.822.37%
  • leo-tokenLEO Token(LEO)$3.511.78%
  • moneroMonero(XMR)$173.210.55%
  • AptosAptos(APT)$16.680.78%
  • bitcoin-cashBitcoin Cash(BCH)$137.490.43%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.09%
  • stellarStellar(XLM)$0.0931690.23%
  • ApeCoinApeCoin(APE)$5.89-0.74%
  • NEAR ProtocolNEAR Protocol(NEAR)$2.522.61%
  • CronosCronos(CRO)$0.0835902.01%
  • filecoinFilecoin(FIL)$5.52-1.14%
  • QuantQuant(QNT)$143.02-0.88%
  • algorandAlgorand(ALGO)$0.2684790.23%
  • HederaHedera(HBAR)$0.0733323.55%
  • Lido DAOLido DAO(LDO)$2.19-3.79%
  • vechainVeChain(VET)$0.0249241.25%
  • FantomFantom(FTM)$0.61-2.91%
  • Internet ComputerInternet Computer(ICP)$5.942.28%
  • decentralandDecentraland(MANA)$0.78-0.08%
  • The SandboxThe Sandbox(SAND)$0.772.24%
  • Axie InfinityAxie Infinity(AXS)$11.713.86%
  • AaveAave(AAVE)$88.86-0.98%
  • eosEOS(EOS)$1.110.85%
  • FlowFlow(FLOW)$1.160.29%
  • MultiversXMultiversX(EGLD)$46.661.81%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.000194-1.34%
  • theta-tokenTheta Network(THETA)$1.143.49%
  • tezosTezos(XTZ)$1.193.73%
  • FraxFrax(FRAX)$1.00-0.14%
  • The GraphThe Graph(GRT)$0.11093311.70%
  • true-usdTrueUSD(TUSD)$1.00-0.01%
  • huobi-tokenHuobi(HT)$5.792.97%
  • paxos-standardPax Dollar(USDP)$1.000.60%
  • kucoin-sharesKuCoin(KCS)$8.821.10%
  • havvenSynthetix Network(SNX)$2.684.31%
  • bitcoin-cash-svBitcoin SV(BSV)$43.470.14%
  • Curve DAOCurve DAO(CRV)$1.09-0.90%
  • ChilizChiliz(CHZ)$0.1453810.41%
  • PancakeSwapPancakeSwap(CAKE)$4.576.11%
  • Rocket PoolRocket Pool(RPL)$40.470.45%
  • Frax ShareFrax Share(FXS)$10.36-4.14%
  • eCasheCash(XEC)$0.0000390.89%
  • ImmutableXImmutableX(IMX)$0.91-2.77%
  • BitTorrentBitTorrent(BTT)$0.0000011.45%
  • USDDUSDD(USDD)$0.990.07%
  • Trust WalletTrust Wallet(TWT)$1.691.31%
  • iotaIOTA(MIOTA)$0.2493774.46%
  • Mina ProtocolMina Protocol(MINA)$0.82-2.19%
  • BitDAOBitDAO(BIT)$0.591.04%
  • dashDash(DASH)$60.82-1.39%
  • KlaytnKlaytn(KLAY)$0.2139721.61%
  • GateGate(GT)$4.50-0.52%
  • OptimismOptimism(OP)$2.99-0.86%
  • makerMaker(MKR)$705.531.55%
  • neoNEO(NEO)$8.80-0.36%
  • cUSDCcUSDC(CUSDC)$0.0227400.01%
  • ArweaveArweave(AR)$11.94-2.03%
  • zcashZcash(ZEC)$46.37-0.35%
  • GMXGMX(GMX)$70.23-4.89%
  • OKCOKC(OKT)$32.848.42%
  • RadixRadix(XRD)$0.057400-2.90%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.06%
  • cDAIcDAI(CDAI)$0.0221800.08%
  • THORChainTHORChain(RUNE)$1.86-0.66%
  • OsmosisOsmosis(OSMO)$1.05-4.10%
  • Tokenize XchangeTokenize Xchange(TKX)$6.821.05%
  • RenderRender(RNDR)$1.818.05%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.10-0.39%
  • loopringLoopring(LRC)$0.402983-1.14%
  • PAX GoldPAX Gold(PAXG)$1,863.30-0.09%
  • zilliqaZilliqa(ZIL)$0.030348-0.51%
  • Baby Doge CoinBaby Doge Coin(BABYDOGE)$0.00000049.42%
  • enjincoinEnjin Coin(ENJ)$0.4869513.55%
  • Convex FinanceConvex Finance(CVX)$6.54-1.11%
  • EthereumPoWEthereumPoW(ETHW)$4.45-3.62%