● Coinbase Market Index (CMI): 1,111.23, +2.1%
Bitcoin: $23,475, +1.5%
Ethereum: $1,636, +2.7%
● S&P500: 3,970.04, -1.1%
Gold: $1,820, +0.6%
10-Year US Treasury Yield: 3.95%, +0.1
Bitcoin (BTC) remained mostly flat over the weekend, but rose from the morning of the 27th, rising by about 1.7% in 24 hours at 12:20 Japan time, near $ 23,600. Ethereum (ETH) rose about 2.5% to near $1,640.
Fairlead Strategies founder Katie Stockton recently said that bitcoin appears to be “overbought” and will be difficult to break above $25,000.
“Overbought conditions would indicate that resistance remains in place.”
Ethereum is similar to Bitcoin, Stockton said.
“Ethereum appears to be moving in a similar fashion to Bitcoin. Range defined by resistance near $1670.”
BitBull Capital CEO Joe DiPasquale added that Bitcoin is trying to find support during a small price correction.
“If Bitcoin stays in its current range, it could go up to $25,000 and then to $30,000. If it falls from here, it will start at $20,000 and then $18,000.”
Among other altcoins, Solana (SOL) experienced two network outages and frozen trading over the weekend, but has recovered somewhat. The Solana Foundation says the cause is under investigation and will be announced soon.
This week, the US is scheduled to release the consumer confidence index for February on the 28th and the number of unemployment claims on March 2nd. In Asia, the People’s Bank of China will release the trade balance on the 28th and the inflation rate on the 2nd.
As the United States and China both release important economic data, attention will be paid to whether crypto-assets can break through the major resistance.
｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
｜Original: First Mover Asia: Solana in the Green After Weekend Deep Freeze
The post Bitcoin, around $ 23,600 ── Slight rise from dawn | coindesk JAPAN | Coindesk Japan appeared first on Our Bitcoin News.