Bitcoin Moves Sideways, Ethereum, Dogecoin Gain Ahead Of Key Inflation Data Release: Analyst Says Bias To Remain Neutral Or Bearish Until This Happens
ET) Bitcoin Breaks Out of Range, Eyes Key Resistance Level Bitcoin (BTC-USD) continued to trade within a tight range on Wednesday, as investors await key inflation data due to be released Thursday. The largest cryptocurrency by market value traded in a range of $32,000 to $34,000, with a slight uptick towards the end of the day. BTC is currently trading at $33,500, up 2.5% in the past 24 hours. Ethereum Surges as Investors Anticipate Upcoming Upgrade Ethereum (ETH-USD) saw a surge in price on Wednesday, gaining 5% in the past 24 hours. The second-largest cryptocurrency is currently trading at $2,200. Investors are anticipating the upcoming Ethereum upgrade, known as the London hard fork, which is expected to make the network more efficient and reduce transaction fees. Dogecoin Rallies Despite Elon Musk's Mixed Messages Dogecoin (DOGE-USD) continued its rally on Wednesday, gaining 8% in the past 24 hours. The meme-inspired cryptocurrency is currently trading at $0.23. Despite...