Bitcoin may face some selling pressure around $70,000, one trader said.
Tanto SOL, token de Solana, como ether alcanzaron máximos históricos durante la semana; bitcoin, por su parte, apenas varió.
Altcoins and gaming tokens have seen significant gains over the week, while bitcoin is little changed.
Solana’s SOL hit an all-time high of $246 on Wednesday and the token is up 5% in the last 24 hours. Polkadot (DOT) is up 7% as BTC and ETH remain little changed.
Bitcoin is a savings technology and a store of value when you save consistently. Dollar-cost averaging helps to reduce the impact of bitcoin's volatility.
Ether should rally “with little to no resistance” after outperforming bitcoin, while solana may consolidate, according to FSInsight.
The Fed's $120 billion of monthly asset purchases since the coronavirus hit in early 2020 have provided a tailwind for bitcoin, since a growing number of investors see the cryptocurrency as a hedge against dollar debasement in the face of ultra-loose monetary policies.
Bitcoin (BTC) buyers were quick to defend the $60K support level after a 5% drop following the Fed's taper announcement on Wednesday. Analysts expect further upside despite slowing trading volume over the past month.
Traders appear to have been calmer during 2021′s bull runs, as bitcoin matures as an investment asset.
The San Francisco-based exchange may have underestimated the power of SHIBArmy.
Unlike Bitcoin with its hard cap of 21 million coins, Ethereum’s future token supply will be extremely dependent on network activity and the demand for block space.
Fears of inflation lurching out of control strengthen the case for investing in perceived store of value assets like bitcoin