CryptoWhistle - Crypto Currency Tracker logo CryptoWhistle - Crypto Currency Tracker logo
Seeking Alpha 2021-08-09 12:05:22

Bitcoin pushes past 200-day moving average, driving Bitfarms stock up 21%

Bitcoin (BTC-USD) breaks above $45K, its highest point since mid-May, and nears $46K after some bitcoin short positions liquidated on Friday, according to a CoinDesk report, citing Datamish data. "The 200-day moving average at approximately $45,000 has provided some resistance — a clean break here could lead to the next accelerated push higher," Toby Chapple, head of ditital asset firm Zerocap, told CoinDesk. Ethereum (ETH-USD) heads up 0.8%, Binance Coin (BNB-USD) +1.7%, litecoin (LTC-USD) +1.2%, dogecoin +0.6%. As for crypto-related stocks, Bitfarms (NASDAQ:BITF) jumps 21%, Riot Blockchain (NASDAQ:RIOT) rises 6.9% in premarket trading, Marathon Digital (NASDAQ:MARA) +9.3%, MicroStrategy (NASDAQ:MSTR) +7.3%. Earlier, Bitcoin breakout? Price of the cryptocurrency pushes above $45K

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.