Bitcoin surged above $24,000 on Feb. 02, as markets continued to react to the latest U.S. Federal Reserve policy decision. V sredo, the central bank moved to increase rates by 25 bazične točke, while signaling that further hikes could be on the cards. Ethereum also rallied, with prices nearing $1,700.
Bitcoin (BTC) rose to a six-month high on Thursday, with prices climbing above $24,000 for the first time since August.
The move came as the Federal Reserve opted to increase interest rates by 25 basis points in its latest policy meeting.
As a result, BTC/USD rose to an intraday high of $24,167.21, less than 24-hours after it was trading at a low of $22,877.75.
Thursday’s surge saw the world’s largest cryptocurrency climb to its strongest point since August 16, when prices reached a peak of $24,448.
This took place as the 14-day relative strength index (RSI) moved away from a recent floor at 68.00, and is now tracking at 74.10.
Should price strength continue on this course, a resistance level of 77.00 will likely be a target for current bulls.
Ethereum (ETH) also made significant gains in the last 24 ure, as traders pushed prices close to the $1,700 označiti.
Po nizki vrednosti $1,566.86 on Wednesday, ETH/USD raced to a peak of $1,689.07 prej na današnji seji.
This rally in price saw ethereum move to its highest mark since September 12, when ETH reached a top at $1,761.
Pogled na grafikon, today’s five-month high came as ETH broke out of its long-term price ceiling at $1,670.
Although one point of resistance has been broken, ethereum bulls are fast approaching another, with the relative strength index (RSI) nearing a ceiling at 68.00.
Trenutno, the index is tracking at 65.19, with earlier bulls likely to consider taking profits before a full collision occurs.
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