BTCUSD: Bitcoin stabilizes above $28,000 as US retail increases
Bitcoin remained above $28,000 on Tuesday, hovering near a two-month high. The cryptocurrency's resilience is reflected in the fact that the cryptocurrency recovered yesterday from Monday's high of $30,000 to a low of $27,855.21 and is now above $28,600, while US retail sales increased 0.7% in September. This was due to surprising results. This is Bitcoin's highest interest rate increase since August 18.
In contrast, Ethereum briefly peaked at $1,628.16 before falling. The cryptocurrency's value fell to $1,570.89 today after Ethereum failed to improve its RSI due to misinformation surrounding the approval of BlackRock's (NYSE:{) Bitcoin spot ETF. 13078|BLK}). It broke through the 49.00 ceiling and now appears to be aiming even lower as it reaches $1,540, ending a four-day bullish streak.
In contrast, Ethereum briefly peaked at $1,628.16 before falling. The cryptocurrency's value fell to $1,570.89 today after Ethereum failed to improve its RSI due to misinformation surrounding the approval of BlackRock's (NYSE:{) Bitcoin spot ETF. 13078|BLK}). It broke through the 49.00 ceiling and now appears to be aiming even lower as it reaches $1,540, ending a four-day bullish streak.
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