Bitcoin rose above the $26,000 level on Tuesday, as markets prepared for the latest U.S. inflation figures. Consumer prices for May are expected to fall to 4.1% — double the Federal Reserve’s 2% target. Ethereum remained below $1,800. Bitcoin Ahead of the upcoming inflation report in the United States, bitcoin ( BTC ) moved back above the $26,000 level. Following a low of $25,686.04 to start the week, BTC /USD raced to a peak of $26,261.14 earlier today. The move saw bitcoin near a recent resistance level at $26,300, which is one of the last hurdles stopping bulls from moving towards $27,000. In order to get towards this level, a ceiling on the relative strength index (RSI) will also need to be broken. This is the 47.00 level on the indicator, and as of writing, price strength is currently tracking at 44.02. The 10-day (red) moving average will need to also shift course, and divert away from its current downward path. Ethereum Additionally, ethereum ( ETH ) moved marginally h
Official Bitcoin Latest News Blog 🗞️