Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
NewsBTC 2022-02-26 21:29:33

Bitcoin Surges to $40,000 After Breaking Key Resistance

The fear of missing out (FOMO) was at its peak as the price for Bitcoin rose above $40,000. The cryptocurrency started a nervous weekend at around $39,000 on Feb 26 after a one-day spike briefly noticed USD 40,000 return to fame just a day ago. After a day of high volatility, Bitcoin was relatively calm on Saturday. After trading as high at $40,330 over at Bitstamp, there are now signs that the market may be stabilizing for good this time around, with more positive news coming out from Cointelegraph Markets Pro and TradingView revealing calmer situations going forward into Sunday morning’s session. Related Reading | Cryptocurrency Prices Soar On Possibility Of Russia-Ukraine Talks The fakeout phenomenon played out in the crypto markets on Friday as well. As a result, the volume was thinner than usual over the weekend. Geopolitical turmoil in Ukraine and Russia has created an atmosphere of continuing cautious sentiment amidst issues that may deliver contemporary instability on Monday. This week, the Crypto Fear & Greed Index reached a new low, remaining within the 26/100 “concern” zone. Russia-Ukraine war has caused a stir in the crypto-verse, with many traders worrying about how it may affect Bitcoin prices. However, for now, at least there seems to be some lightheartedness. We can see that even though Long Term Bears were victorious after their latest $34300 low was set versus February’s dip down into psy...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.