Cryptocurrency Market Update: BTC Hits $30K, ETH Approaches $2K Amid Financial Uncertainty.

1 min read
Source: Bitcoin News
Cryptocurrency Market Update: BTC Hits $30K, ETH Approaches $2K Amid Financial Uncertainty.
Photo: Bitcoin News
TL;DR Summary

Bitcoin surged above $30,000 for the first time in ten months, following the latest inflation data from China, while Ethereum also rose, nearing $2,000. Bitcoin's 10-day moving average avoided a downward cross with its 24-day counterpart, and the RSI moved above a key resistance point of 68.00. Ethereum's surge coincided with the RSI breaking out of a ceiling at the 61.00 mark, and an upcoming resistance point at 65.00 could see it move back above $2,000.

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