NFT News by Thebittimes.Com

Bitcoin rose to its highest level in six weeks on Wednesday, as the U.S. Dollar continued to weaken versus several G7 currencies. The latest decline in USD comes as consumer confidence in the United States fell by more than expected in October. Ethereum was also trading at a multi-week high in today’s session Bitcoin Bitcoin (BTC) was back above $20,000 during today’s session, as crypto bulls pushed prices to a multi-week high while the U.S. dollar lost strength. Following a low of $19,278.74 yesterday, BTC/USD raced to an intraday high of $20,702.72 on Wednesday. Today’s move sees the world’s largest cryptocurrency hit its strongest point since September 13, when prices were close to $23,000. BTC/USD – Daily Chart Looking at the chart, Wednesday’s surge comes as bullish pressure was finally able to intensify, moving beyond the resistance of $19,600 in the process. The 14-day relative strength index (RSI) also moved higher, breaking ou...

Cardano closed in on a one-week high to start the week, as the token climbed for a fourth straight session. Polygon was also in the green, and collided with a key resistance level in the process. Overall, the global crypto market cap is currently 1.30% higher as of writing this analysis. Cardano (ADA) Cardano (ADA) climbed for a fourth straight day to start the week, pushing it closer to a one -week high in the process. Less than 24 hours after falling to a low of $0.3498, the token surged to an intraday high of $0.3646 earlier today. The move saw ADA/USD hit its highest point since last Tuesday, moving towards a price ceiling in the process. ADA/USD – Daily Chart Looking at the chart, the aforementioned resistance of $0.3755, which was last hit on October 18, and seems to be the target for current bulls. In order to recapture this point, traders will first need to climb another resistance, this time on the 14-day relative strength index (RSI). As of writing this, the in...