16% Ethereum price rebound activates a classic bullish pattern — $2.5K next?
Cointelegraph
Published Jul 22, 2021 11:48AM ET
Updated Jul 22, 2021 01:20PM ET
Ethereum's native crypto Ether (ETH) rebounded sharply on Thursday after Elon Musk disclosed for the first time that his private rocket firm SpaceX holds Bitcoin (BTC), and Tesla (NASDAQ:TSLA) would probably resuming the bitcoin payment option for its electric cars.
The BTC/USD exchange rate was below $30,000 but bounced by more than 5% after the big reveal, touching an intraday high of $32,895. Ether, which tends to move in lockstep with the flagship cryptocurrency, surged likewise.
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Written By: Cointelegraph
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