Advertisement
AD

Main navigation

Advertisement

Veteran Trader John Bollinger Is Bullish on Bitcoin and Ethereum Amid Market Recovery

Advertisement
Tue, 1/03/2022 - 8:04
Veteran Trader John Bollinger Is Bullish on Bitcoin and Ethereum Amid Market Recovery
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

In a recent tweet, veteran trader John Bollinger claims that Bitcoin and Ethereum continue to set up “beautifully” on their weekly chats.

Advertisement
Advertisement

Bitcoin, the world’s largest cryptocurrency recently soared above the $44,000 level, reaching the highest price point since Feb. 17.

On Feb. 28, the bellwether cryptocurrency recorded its largest daily candle, adding roughly 14% over the last 24 hours.

Despite the impressive recovery, the top cryptocurrency is still down roughly 6% since the start of the year. The cryptocurrency is up also down 37.43% from its record peak.  

Bitcoin is up roughly 24% since Feb. 24, greatly outperforming other asset classes.       

According to Bloomberg, the cryptocurrency’s correlation with the SP500 recently dropped to 0.55 from 0.7, which underscores its diversification benefits.    

As for Ethereum, the top altcoin has also surged more than 13% to hit $2,974, the highest level since Feb. 17.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD