BTC, ETH Marginally Higher as USD Weakens on Monday – Market Updates Bitcoin News
Following a red start to October, crypto prices moved marginally higher during Mondays session. After a brief stint below $19,000 on Sunday, bitcoin rose back above this point, as the U.S. dollar began to weaken against other G7 currencies. Ethereum was also in the green, momentarily moving above $1,300. Bitcoin Bitcoin (BTC) was trading marginally higher on Monday, as crypto prices reacted to a weaker U.S. dollar. Following last weeks rally in USD, the currency eased to start the month, giving way to the return of bitcoin bulls. BTC/USD rose to an intraday high of $19,312.48 in todays session, less than 24 hours after trading at a floor of $18,970.62. BTC/USD – Pang-araw-araw na Tsart Looking at the chart, the move saw the token marginally rise above its resistance point at the $19,300 level, which has historically been an area of uncertainty. As of writing, the turbulence has somewhat returned, with BTC kalakalan sa $19,208.10. Todays rally also coincided with the 14-day relative strength index (RSI) bouncing off a key floor of 43.00. Should this ascent continue, we could see prices move closer to $20,000. ETH/USD – Pang-araw-araw na Tsart Like with bitcoin, ethereums 14-day RSI has bounced from a point of support at 36.60, and appears to be heading