Bullish bias returns to the cryptocurrency market today with Bitcoin gaining 1.0% and being traded around $37,700, while Ethereum gains 2.20% increasing above $2100. The increases are driven by the upcoming Bitcoin halving, the approaching final deadline for the acceptance of ETFs, and the settlement of the U.S. government with Binance, which the largest exchange agreed to earlier this week. Investors took this as a partial end of Binance's allegations. Despite the high penalty of over 4 billion dollars and the departure of the founder, CEO CZ, investors took it positively, and the outflows from the exchange were not significant enough to cause panic in the market.
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Open account Try demo Download mobile app Download mobile appOn the wave of recent news, Ethereum is growing by over 2.0% and returns above the $2,100 level, while just a few days ago the price was knocked down to around $1,930. If the trend continues, we may see an attempt to break out of this year's highs on Ethereum, which so far remains behind Bitcoin. A level worth noting is $2,140. If bulls manage to break above this zone, the next range of this move could be $2,300. Source xStation 5
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