NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: BNB Reaches New All-Time High Of $956 As Binance Nears Deal With US DOJ
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: BNB Reaches New All-Time High Of $956 As Binance Nears Deal With US DOJ

Crypto Markets Surge Higher as Bitcoin Continues Upwards Ascent

Cole Petersen
Cole Petersen
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The crypto markets have continued to surge today, maintaining the upwards momentum that was first sparked when Bitcoin began to skyrocket from lows of $4,000. Today’s surge has led many cryptocurrencies to climb 3% or more, with some surging over 10%.

Although today’s upwards momentum is certainly bullish, whether or not individual cryptos are able to continue climbing is largely dependent on if Bitcoin is able to maintain stability above its 200-day median, which recently turned into a support level.

Bitcoin Swings Up Towards $5,200, But is Nearing Resistance

At the time of writing, Bitcoin is trading up nearly 4% at its current price of $5,200, up from its 24-hour lows of just under $5,000. Today’s upwards movement was sparked when BTC briefly dropped below $5,000, which signals that there is a decent amount of buying pressure at this price level.

David Puell, a popular cryptocurrency analyst on Twitter, recently explained that Bitcoin has now established its 200-day median as a strong level of support, which currently exists at roughly $4,000.

“$BTC: Little something for ya… 1. A reminder of how beautiful the 200-day and 200-week moving averages are. 2. Bitcoin’s 200-day median, which just flipped to bullish and should serve as support in the next few months (currently at 4k),” he explained.

$BTC: Little something for ya…

1. A reminder of how beautiful the 200-day and 200-week moving averages are.

2. Bitcoin's 200-day median, which just flipped to bullish and should serve as support in the next few months (currently at 4k). pic.twitter.com/CpV9mYerkY

— David Puell (@dpuellARK) April 6, 2019

Crypto Markets Swing Upwards

Bitcoin’s ability to continue climbing has led the crypto markets to surge, with many individual cryptocurrencies climbing 3% or more.

Bitcoin Cash (BCH) has led today’s market surge, climbing nearly 13% to its current price of $326. In comparison, Ethereum (ETH) has climbed just under 3% to $168.90, while XRP has dropped nominally to its current price of $0.361.

Litecoin is currently trading up nearly 10% at its current price of $96.41 and is nearing the important psychological level of $100.

As for what may be fueling BCH and LTC’s latest surge, Alex Krüger, a popular economist who focuses on cryptocurrencies, recently explained that the amount of outstanding long positions – which he calls “fuel” – is playing a huge role.

“$ETH not moving higher at the moment as strongly as other coins such as $LTC or $BCH has little to do with fundamentals. This is why (less fuel available),” he explained, referencing a chart that shows the open long positions for both Ethereum and Litecoin.

$ETH not moving higher at the moment as strongly as other coins such as $LTC or $BCH has little to do with fundamentals.

This is why 👇 (less fuel available) pic.twitter.com/aGg9gUBunz

— Alex Krüger (@krugermacro) April 6, 2019

As the weekend continues, traders and analysts alike will gain greater insight into where the markets will head in the week to come.

Featured image from Shutterstock.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

how to trade bitcoin fomc news

How To Trade Bitcoin Into September FOMC, Top Analyst Reveals

With the Federal Reserve set to announce policy on Wednesday, September 17, a closely followed trader has laid out a...

Jake Simmons 1 hour ago
Ethereum

Ethereum Bulls Target $8,500 With Big Money Backing The Move – Details

Ethereum rallied again this week as fresh institutional demand and heavy ETF inflows pushed traders to consider higher price paths....

Christian Encila 2 hours ago
Ethereum

Ethereum’s Pullback Complete? ETH Set Eyes On 77% Breakout Run

Ethereum has shown signs of strength after completing a healthy pullback. Having met and retested its $4,811 target, ETH is...

Godspower Owie 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Bull Score Sees Sharp Jump, No Longer Signals Bear Phase

Keshav Verma 2 minutes ago
best-csgo-betting-sites-2025-review-cs2-gaming-tw

Peter Chow 47 minutes ago
Bitcoin Price Back at Resistance

Bitcoin Price Back at Resistance – Fed Meeting Could Trigger Big Move

Aayush Jindal 48 minutes ago

Premium Sponsors

Press Releases

  • Trh s kryptoměnami se zahřívá: Bitcoin Hyper (HYPER), Wall Street Pepe (WEPE), Maxi Doge (MAXI) a PepeNode ve hře

    Trh s kryptoměnami se zahřívá: Bitcoin Hyper (HYPER)...

    5 hours ago
  • 3 nízko-kapitálové altcoiny, které zažívají masivní akumulaci během altcoin sezóny

    3 nízko-kapitálové altcoiny, které zažívají masivní...

    5 hours ago
  • A legjobb altcoinok, amiket érdemes megvenni, ahogy a Solana ára megközelíti történelmi csúcsát

    A legjobb altcoinok, amiket érdemes megvenni, ahogy a...

    5 hours ago
  • Masivní spalování tokenů pokračuje u Wall Street Pepe...

    5 hours ago
  • Najlepsze altcoiny do kupienia, gdy cena Solany zbliża się do historycznego szczytu

    Najlepsze altcoiny do kupienia, gdy cena Solany zbliża...

    6 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.