{"id":423270,"date":"2020-05-09T04:00:31","date_gmt":"2020-05-09T04:00:31","guid":{"rendered":"https:\/\/ktsl888.com\/?p=423270"},"modified":"2020-05-09T01:58:59","modified_gmt":"2020-05-09T01:58:59","slug":"crypto-tidbits-bitcoin-roars-past-10k-halving-days-away-ethereum-2-0-nears","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/crypto-tidbits-bitcoin-roars-past-10k-halving-days-away-ethereum-2-0-nears\/","title":{"rendered":"Crypto Tidbits: Bitcoin Roars Past $10k, Halving Days Away, Ethereum 2.0 Nears"},"content":{"rendered":"

Another week, another round of\u00a0Crypto Tidbits.<\/a>itcoin has been one of the best-performing assets in financial markets over the past week, managing to rally as high as $10,100 \u2014 a price around 25% higher than two weeks ago. Altcoins, interestingly, have underperformed the market leader, with Ethereum and XRP both flatlining over the past week.<\/p>\n

Crypto\u2019s strength this week comes as the stock market has\u00a0started to stagnate<\/a> in the 2,800-2,900 point range. The S&P 500 and Dow Jones have been stalling as the economic outlook remains dismal, with a total of 30 million Americans filing for unemployment over the past six weeks.<\/p>\n

\"BItcoin
Chart from Coin360.com<\/figcaption><\/figure>\n

Whatever the case, analysts are still bullish on Bitcoin.<\/p>\n

Referencing the chart below, Raoul Pal \u2014 CEO of Real Vision and a former Goldman Sachs executive \u2014\u00a0said<\/a>\u00a0that Bitcoin\u2019s move yesterday past $10,000. was a \u201cKEY technical break.\u201d This means\u00a0that the \u201cprobability of vastly higher prices has risen dramatically.\u201d<\/p>\n

\"Chart
Bitcoin breakout chart from Raoul Pal. \u201cClassic charting techniques\u201d gives a target of $40,000.<\/figcaption><\/figure>\n

 <\/p>\n

Related Reading: Crypto Tidbits: Bitcoin Hits $9ks, a16z Raises $500M Crypto Fund, Ethereum 2.0 Nears<\/a><\/h6>\n

Bitcoin & Crypto Tidbits<\/strong><\/h2>\n