Cryptocurrency Report
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Altcoin
  • Blockchain
  • Analysis
  • DeFi
  • NFT
  • ICO
  • Videos
What's Hot

Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report

August 9, 2022

F2Pool co-founder responds to allegations it’s cheating the Ethereum POW system

August 9, 2022

20M JavaScript devs can now build applications on NEAR: KBW 2022

August 9, 2022
Facebook Twitter Instagram
  • Advertise
  • Privacy
  • Contact
  • Terms
Facebook Twitter Instagram LinkedIn
Cryptocurrency Report
  • Home
  • News
    1. Bitcoin
    2. Ethereum
    3. Altcoin
    4. View All

    Japanese Crypto Industry Urges Tokyo to Reform Tax Laws

    August 9, 2022

    WazirX in Hot Waters, Revolut Doubles Down on Crypto, Elizabeth Warren Picks Another Crypto Battle + More news

    August 8, 2022

    Global Professionals Increasingly Interested In Bitcoin & Crypto Payments – Report

    August 8, 2022

    Voyager Digital Can Repay Customers with USD 270M MCB Holdings, Judge Rules

    August 8, 2022

    Former Coinbase Manager Pleads Not Guilty To Wire Fraud Charges

    August 8, 2022

    Bitcoin and Ethereum Inch Higher, APE and SNX Rally

    August 8, 2022

    Bitcoin and Ethereum Consolidate, CEL Accelerates

    August 5, 2022

    If Ethereum Splits, Leading Exchanges are ‘Likely’ to List ETHPoW Token – BitMEX

    August 5, 2022

    Bitcoin and Ethereum Stuck in a Key Range, FLOW Surges Over 50%

    August 8, 2022

    Bitcoin and Ethereum Struggle to Clear Hurdles, Altcoins Dip

    August 8, 2022

    Solana Blames Slope Wallet for Hack While Slope Says that ‘Nothing is Yet Firm’

    August 8, 2022

    Match Group Puts Crypto, Metaverse Plans for Tinder on Hold

    August 5, 2022

    Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report

    August 9, 2022

    F2Pool co-founder responds to allegations it’s cheating the Ethereum POW system

    August 9, 2022

    20M JavaScript devs can now build applications on NEAR: KBW 2022

    August 9, 2022

    Tornado Cash co-founder reports being kicked off GitHub as industry reacts to sanctions

    August 9, 2022
  • Blockchain
  • Analysis
  • DeFi
  • NFT
  • ICO
  • Videos

    The Crypto Metaverse is Growing RAPIDLY! (INSANE MICROSOFT BUY)

    January 18, 2022

    BEST Crypto Safety Guide 101 (Keep Your $$ SAFE with Passphrases)

    January 18, 2022

    SHOCKING: Microsoft Enters the CRYPTO METAVERSE!!! (HUGE $69 Billion CASH Buy)

    January 18, 2022

    URGENT NEWS For Cardano Holders!! (MUST Watch Before Jan 20)

    January 17, 2022

    ⚠️ WARNING To All Bitcoin Holders ⚠️ (Time is RUNNING OUT!!!)

    January 17, 2022
  • bitcoinBitcoin(BTC)
    $42,304.00-0.92% 24H
    BITCOIN
    24H : -0.92%
    Volume : $18,001,823,455.00
    Marketcap : $804,136,324,461.00
  • ethereumEthereum(ETH)
    $3,187.18-1.80% 24H
    ETHEREUM
    24H : -1.80%
    Volume : $11,828,130,842.00
    Marketcap : $383,283,409,099.00
  • tetherTether(USDT)
    $1.000.020% 24H
    TETHER
    24H : 0.020%
    Volume : $42,292,952,195.00
    Marketcap : $82,566,134,570.00
  • binancecoinBNB(BNB)
    $416.19-2.16% 24H
    BNB
    24H : -2.16%
    Volume : $1,421,783,549.00
    Marketcap : $69,948,357,062.00
  • usd-coinUSD Coin(USDC)
    $0.9980.110% 24H
    USD COIN
    24H : 0.110%
    Volume : $3,215,590,549.00
    Marketcap : $50,856,931,622.00
  • solanaSolana(SOL)
    $110.52-1.25% 24H
    SOLANA
    24H : -1.25%
    Volume : $1,326,948,052.00
    Marketcap : $36,230,891,086.00
  • rippleXRP(XRP)
    $0.744-2.62% 24H
    XRP
    24H : -2.62%
    Volume : $2,611,405,064.00
    Marketcap : $35,798,721,281.00
  • cardanoCardano(ADA)
    $1.02-1.97% 24H
    CARDANO
    24H : -1.97%
    Volume : $735,911,632.00
    Marketcap : $32,692,285,870.00
  • terra-lunaTerra(LUNA)
    $87.96-7.21% 24H
    TERRA
    24H : -7.21%
    Volume : $2,091,404,457.00
    Marketcap : $31,224,000,667.00
  • avalanche-2Avalanche(AVAX)
    $79.94-4.23% 24H
    AVALANCHE
    24H : -4.23%
    Volume : $651,461,780.00
    Marketcap : $21,345,345,382.00
  • polkadotPolkadot(DOT)
    $18.98-3.96% 24H
    POLKADOT
    24H : -3.96%
    Volume : $522,492,664.00
    Marketcap : $20,904,948,600.00
  • dogecoinDogecoin(DOGE)
    $0.147-0.35% 24H
    DOGECOIN
    24H : -0.35%
    Volume : $1,709,936,369.00
    Marketcap : $19,528,083,067.00
  • binance-usdBinance USD(BUSD)
    $0.9990.100% 24H
    BINANCE USD
    24H : 0.100%
    Volume : $3,031,521,102.00
    Marketcap : $17,907,585,119.00
  • terrausdTerraUSD(UST)
    $1.000.00% 24H
    TERRAUSD
    24H : 0.00%
    Volume : $710,407,989.00
    Marketcap : $16,759,326,710.00
  • shiba-inuShiba Inu(SHIB)
    $0.000024-0.91% 24H
    SHIBA INU
    24H : -0.91%
    Volume : $622,427,689.00
    Marketcap : $13,391,607,837.00
  • wrapped-bitcoinWrapped Bitcoin(WBTC)
    $42,263.00-1.06% 24H
    WRAPPED BITCOIN
    24H : -1.06%
    Volume : $205,987,180.00
    Marketcap : $11,648,041,723.00
  • crypto-com-chainCronos(CRO)
    $0.437-1.87% 24H
    CRONOS
    24H : -1.87%
    Volume : $43,191,918.00
    Marketcap : $11,045,868,142.00
  • nearNEAR Protocol(NEAR)
    $15.96-4.67% 24H
    NEAR PROTOCOL
    24H : -4.67%
    Volume : $1,001,407,008.00
    Marketcap : $10,603,423,829.00
  • staked-etherLido Staked Ether(STETH)
    $3,182.92-1.85% 24H
    LIDO STAKED ETHER
    24H : -1.85%
    Volume : $8,945,498.00
    Marketcap : $10,259,684,260.00
  • matic-networkPolygon(MATIC)
    $1.43-2.09% 24H
    POLYGON
    24H : -2.09%
    Volume : $379,202,804.00
    Marketcap : $9,786,905,958.00
Cryptocurrency Report
Home » Bitcoin bounces at $41K as optimism increases over stocks correlation
Altcoin

Bitcoin bounces at $41K as optimism increases over stocks correlation

CryptoReporterBy CryptoReporterJanuary 19, 2022No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin (BTC) rebounded strongly from $41,000 during Jan. 20 as bears hoping for a step into lower territory stayed disappointed.

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

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD adding $1,000 after dipping to near the $41,000 mark for the first time since Jan. 11.

In what could be a temporary reprieve, Bitcoin nonetheless stayed rangebound, with no noticeable attacks on resistance — behavior all too familiar for spot traders in recent days.

“Good bounce from Bitcoin, but I’d be happier if we reclaim $42.4K region,” Cointelegraph contributor Michaël van de Poppe summarized in his latest Twitter update.

In a previous post on the day, Van de Poppe highlighted $38,000 as an “ultimate” line in the sand that needs to hold should a fresh breakdown occur.

“The ultimate test for Bitcoin is the area between $38-40K. Holding there would confirm buyers stepping in + bullish divergence for a reversal,” he added.

Others were confident in the market’s current strength, given a similiar bounce on U.S. stocks prior to the Wall Street open.

I don’t trust this #BTC dump

We’re still at the golden pocket, got some bull div & SPX just pumped 40 handles off the low

Think we pump from here pic.twitter.com/O81srkoXWR

— CRG (@MacroCRG) January 19, 2022

Earlier, Cointelegraph reported on forecasts for Bitcoin relative to stock market performance, with well-known analyst Mike McGlone of Bloomberg Intelligence predicting that the broader correlation between crypto and equities would continue through this year.

Nonetheless, another topic of interest this week focuses on a divergence in performance between Bitcoin and the Nasdaq, with proponents hoping that BTC would definitively “decouple” from the index’s downward trend.

Ethereum follows Bitcoin closer to major support

On altcoins, only Terra’s LUNA token was able to stand out from sideways action on the day, up 7% and above $80.

Related: Here’s why Binance Coin is 33% down from its all-time high

Ether (ETH), the largest altcoin by market cap, shed 1.2% in the 24 hours to the time of writing, slowly drifting back towards $3,000.

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

In his latest YouTube update, Van de Poppe gave a target of $2,800 for a short-term floor on ETH/USD, noting that its relative strength index was apt to provide a “bullish divergence” for price in the coming days.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin and Ethereum Stuck in a Key Range, FLOW Surges Over 50%

August 8, 2022

Bitcoin and Ethereum Struggle to Clear Hurdles, Altcoins Dip

August 8, 2022

Solana Blames Slope Wallet for Hack While Slope Says that ‘Nothing is Yet Firm’

August 8, 2022

Match Group Puts Crypto, Metaverse Plans for Tinder on Hold

August 5, 2022

SOL Drops as Thousands of Wallets Attacked on Solana, Millions in USD Stolen

August 5, 2022

Robinhood Fined Again, ZB Suspends Withdrawals, Resetting Vires.Finance, ApeCoin Enters Gucci + More News

August 4, 2022
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report

August 9, 2022

F2Pool co-founder responds to allegations it’s cheating the Ethereum POW system

August 9, 2022

20M JavaScript devs can now build applications on NEAR: KBW 2022

August 9, 2022

Subscribe to Updates

Get the latest sports news and analysis about crypto coins and the latest news about domains from Techie Memo.

Advertisement

Your number 1 source for all Cryptocurrency news and analysis. here you can follow all updates and latest rates for all currencies. Visit our about page for more information.

We're social. Connect with us:

Facebook Twitter Instagram YouTube LinkedIn
Top Insights

Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report

August 9, 2022

F2Pool co-founder responds to allegations it’s cheating the Ethereum POW system

August 9, 2022

20M JavaScript devs can now build applications on NEAR: KBW 2022

August 9, 2022
Get Informed

Subscribe to Updates

Get the latest sports news and analysis about crypto coins.

Facebook Twitter Instagram LinkedIn
  • Guest Post
  • Privacy Policy
  • Terms & Conditions
  • Contact
© 2022 Cryptocurrency Report. Designed by Sawah Dev.

Type above and press Enter to search. Press Esc to cancel.