Stock markets had a good day Saturday, with crypto markets slightly down. The world’s largest cryptocurrency, Bitcoin, was trading above $21,000, and Ethereum was trading at its highest level since November.
Bitcoin
Bitcoin (BTC) raced higher on Saturday, adding 10% to its price in the past 24 hours. The currency was up to its highest point since 2009. Nov. 5.
The charts show that the rally occurred as the 14-day Relative Strength Index (RSI) climbed to 89.22, its highest level in two years. This number is typically considered too high and may indicate a bearish market.
Ethereum
Ethereum (ETH) hit a two-month high on Saturday and its price held steady for seven consecutive days. It rose 23% in the seven days since last week.
