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From Jerome Powell to $10,000 Bitcoin, a Lot Just Happened With Cryptocurrencies

From insights.tradestation.com

Several big things just happened with cryptocurrencies, and they all seem bullish. Bitcoin (BTC) closed above $10,000 for the first time since September. Ethereum (ETH) also ripped through resistance around $224. Meanwhile, Google search data show interest in the market almost doubling this year to a six-month high. “Every major central bank is currently taking a deep look” at cryptocurrencies, Federal Reserve Chairman Jerome Powell told Congress yesterday. “We’re working hard on it, and we have a lot of projects going on right now.” While those comments lit a fire under BTCUSD halfway through the morning, other ... (full story)

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  • Category: Fundamental Analysis