Bitcoin (BTC), Ethereum (ETH) – Prices, Charts, and Evaluation:
- Spot BTC and ETH ETFs in Hong Kong are imminent, in response to sources.
- Bitcoin halving is ready for this week.
- Costs rebound after heavy weekend sell-off.
Obtain our Q2 Bitcoin Technical and Elementary Stories Under
Recommended by Nick Cawley
Get Your Free Bitcoin Forecast
Bitcoin and Ethereum are pushing increased in early European turnover on rumored information that the Hong Kong Securities and Change Fee has given the inexperienced mild to a number of candidates for spot BTC and ETH exchange-traded funds (ETFs). China Asset Administration (HK) Ltd, one of many corporations in search of approval, put out an announcement on its web site earlier at present:
Nevertheless, on the time of writing, there was no official remark on any approval tales, or bulletins, by the HK SEC.
Whereas the HK media tales are grabbing market consideration at present, the Bitcoin halving occasion will dominate headlines later this week. In response to the newest mining information, there are 683 blocks left to be mined earlier than mining rewards are minimize by 50%. The estimated halving date is seen early morning on Saturday 20th.
The cryptocurrency was hit arduous over the weekend after Iran carried out a sequence of strikes in opposition to Israeli territory. The assault, in response to Israel’s assault on Iran’s consulate in Syria initially of the month, noticed in extra of 350 drones and missiles launched by Iran. In response to the Israel Defence Drive (IDF), ‘99%’ of those ‘threats’ have been efficiently intercepted. With the cryptocurrency sector being the one market open over the weekend, merchants used the sector’s liquidity to hedge danger. Bitcoin hit a low of $60.6k as information of the approaching strike filtered by, whereas Ethereum hit a multi-week low of $2,845. Within the altcoin area, losses of 25% or extra have been seen, sparking a number of liquidation tales. Costs throughout the board are pushing increased at present, however the weekend’s losses will take a while to totally get well.
The weekend sell-off noticed Bitcoin fall under each the 20- and 50-day easy transferring averages for the primary time since late January. Each of those will should be recovered convincingly, together with a previous resistance-turned-support stage at $69k, earlier than Bitcoin could make a contemporary try on the mid-March $73.78k all-time excessive.
Bitcoin Each day Worth Chart – April fifteenth, 2024
Discover ways to commerce cryptocurrencies with our complimentary information
Recommended by Nick Cawley
Get Your Free Introduction To Cryptocurrency Trading
Ethereum is over 3% increased at present after making a multi-month low of $2,845 on Saturday. Ethereum should reclaim each the 20- and 50-day transferring averages earlier than $ 3,582 comes again into play. Above right here, the April eighth/ninth double excessive at $3,728 comes into focus.
Ethereum Each day Worth Chart – April fifteenth, 2024
All charts through TradingView
What’s your view on Bitcoin and Ethereum – bullish or bearish?? You possibly can tell us through the shape on the finish of this piece or contact the writer through Twitter @nickcawley1.