China News by Thebittimes.Com

A day after hitting a one -week high , dogecoin raced to a two-month high earlier in today’s session. Wednesday’s surge in price comes as the global cryptocurrency market was up by nearly 7% on the day. Cardano also traded higher , climbing by over 10% in the process. Dogecoin (DOGE) Dogecoin (DOGE) rose higher for a second straight session, as the token surged to a multi-month high on Wednesday. During today’s session, DOGE/USD surged to an intraday peak of $0.06868, which comes a day after it was trading at a low of $0.06062. Wednesday’s top saw the meme coin hit its highest point since August 25, when the token reached a top of $0.0718. DOGE/USD – Daily Chart Looking at the chart, today’s move comes as DOGE rose above a key resistance point of $0.0670. As a result of today’s peak, the 14-day relative strength index (RSI) also hit its strongest mark since mid-August. An upward crossover between the 10-day (red) and 25-day (blu...

Quant rose to its highest point since the start of the year on Saturday, as prices climbed for a third straight session. In addition to this, tron was also higher, as the token attempted to break out of a key resistance point. Overall, cryptocurrency markets were down 1.95% as of writing. Quant (QNT) Quant (QNT) was one of the notable movers to start the weekend, as the token surged to a ten-month high. Following a low of $162.00 on Friday, QNT/USD surged to an intraday peak of $184.98 earlier in today’s session. This move saw the token climb to its highest point since January 8, and comes following three days of gains. QNT/USD – Daily Chart As of writing, the 14-day relative strength index (RSI) is now deep in overbought territory, and is tracking at 80.19. This is marginally above a ceiling of 79.00, and this could mean that bears could be looming, looking for any slips, before reentering. Should bullish momentum remain high, we could see traders target an exit...

Ethereum was trading higher on Friday, as market volatility eased, following the latest U.S. inflation report. Core inflation rose 0.6%, with consumer prices up to 8.2%, higher than the expected 8.1%. Despite this, traders seem to have breathed a sigh of relief, as the uncertainty surrounding the report has now passed. Bitcoin moved closer to $20,000 on the news. Bitcoin Bitcoin (BTC) moved towards the $20,000 level on Friday, as uncertainty in crypto markets eased, following the latest U.S. inflation report. Despite consumer prices rising by more than expected, markets reacted positively, as speculation surrounding the report has faded. As a result of the report, BTC/USD rose to an intraday high of $19,835.17, less than 24-hours after trading at a low of $18,642.11. BTC/USD – Daily Chart This rally has seen momentum shift once again, with several indicators now leaning more towards bullish territory. The 14-day relative strength index (RSI) is now back above the 50.00 ma...