Ethereum rose for a seventh consecutive session on Tuesday, as prices briefly climbed above the $1,600 level. This move saw the token hit its highest level in over a month, and came as bitcoin also reached a nearly five-week peak, following gains made earlier today.
Bitcoin
Bitcoin (BTC) was up to start today’s session, however bullish momentum began to fade, as prices ran into some resistance.
On Tuesday, the world’s largest token rose to an intraday high of $22,795.04, as traders continued to feed off of the recent bullish sentiment.
This sentiment saw BTC/USD rise to its highest level since June 12, when prices were in the midst of falling from a high of $30,000.
Although some traders remain optimistic of a pending move back towards those levels, it seems as though prices may have reached a ceiling.
Following earlier highs, gains have somewhat eased, with BTC now trading at $21,858.14 as of writing, as bulls likely liquidated previous positions.
This decline comes as the 14-day...
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