Bitcoin, Ethereum Technical Analysis: BTC Moves Below $30,000, Following Latest US Retail Sales Report

Bitcoin slipped below the $30,000 mark on Wednesday, as markets continued to react to the latest U.S. retail sales report. Sales rose by 0.2% last month, which is more than the 0.5% sum many had forecasted. Ethereum has remained resilient, climbing back above $1,900.

Timeline of Bitcoin, Ethereum

Bitcoin has showcased a strong performance in the second quarter of 2023, gaining market dominance against struggling altcoins, according to CoinGecko's industry report. Despite market fluctuations, Bitcoin (BTC) and Ether (ETH) continued to build upon their gains from Q1, while other major altcoins, such as Binance Coin (BNB), XRP, and Cardano (ADA), experienced double-digit losses.

An individual who took part in an Ethereum (CRYPTO: ETH) Initial Coin Offering (ICO) re-emerged from dormancy after a staggering 8 years and deposited 61,216 Ethereum to the popular cryptocurrency exchange, Kraken. What Happened: The transaction took place approximately 2 hours ago, according to on-chain data analytics platform Lookonchain.

Back in April 2013, Bitcoin (CRYPTO: BTC) experienced the downside of its own success as investors flocked to this exciting new opportunity that was making waves in mainstream media. What Happened: The trading activity became so intense that Mt.

The latest price moves in bitcoin (BTC) and crypto markets in context for July 19, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

Discover the intriguing story of pre-mined Ethereum tokens worth $116 million making a surprising comeback after eight years of dormancy. Uncover the implications for the crypto community, the potential market value, and the lessons learned from this extraordinary event.

A pre-mined stash of Ethereum, dormant for nearly eight years and now valued at roughly $116 million, has been moved abruptly. This transaction raises questions about potential market implications and whether it could trigger a notable price dip for Ethereum.

A historic crypto transaction occurred a few hours ago when a crypto wallet transferred over 61,000 Ether (ETH), currently worth $116 million, after a long slumber of eight years. This dormant account awoke with a splash, stirring the crypto community with speculation and curiosity.

Crypto analyst and trader Ali Martinez has published a tweet saying that he spotted a buy signal on a Bitcoin chart. He has explained what the flagship cryptocurrency needs to do now in terms of technical analysis in order to regain its position above the $30,000-$31,000 levels.

Spencer Schiff, who has often pushed Bitcoin as the strongest crypto, is turning bearish on the king coin. The son of prominent economist Peter Schiff has made a surprising turn after being an outspoken critic of his father's skepticism of Bitcoin.

As the highly anticipated Bitcoin block reward halving approaches, set to occur around April 24, 2024, the crypto community is abuzz with speculation about the potential impact on the cryptocurrency's price.