Cryptocurrency Most prices are holding steady ThursdayThe following is an overview of US GDP numbers. Bitcoin Today’s session saw the $17,000 level held, while the global market capitalization traded 0.01% higher at the time of writing. Ethereum It remained largely the same as before, with prices trading above $1,200.
Bitcoin (BTC), continued to remain stable ahead of this afternoon’s Q3 GDP data from the United States.
This Afternoon’s numbers will show a 2.9% increase in the quarter. This is due to US inflation beginning to slow down.
The BTC/USD exchange rate reached $16,895.71 before the data release. This is slightly higher than Wednesday’s Lowest Price: $16,755.91
Looking Today’s stability can be seen in the chart as the 14 day RSI hovers near 46.00.
At At the time of writing, the index was at 46.49 and could break out at any moment.
If If this happens, bearish sentiment will likely return to market, with prices moving towards $16,500.
Ethereum (ETH), also held firm in today’s session, with bulls managing to keep prices above $1200.
After A low of $1,208.03 is the price in the Tuesday session, ETH/USD traded slightly higher ThursdayThe peak was $1,219.61
The Move continues to see the world’s second largest cryptocurrency remain within a stone throw of a $1230 ceiling.