Bitcoin (BTC) exceeded the $26,000 mark in a significant development. This uptrend comes as the market awaits May’s imminent release of U.S. inflation data. Expected to come in at around 4.1%, these figures are set to be double the Federal Reserve’s target of 2%. Meanwhile, Ethereum (ETH) remains steady, with its value just shy of the $1,800 benchmark.
Simultaneously, a rising star in the crypto scene is TMS Network (TMSN). TMSN, a decentralized platform, allows its users to trade derivatives using Cryptocurrency as a payment method. Given the recent market activities, TMS Network (TMSN) is looking at a potential 20-fold increase in its value, predicting a promising future for the platform.
Bitcoin (BTC) Soars Beyond $25,000 Amidst Anticipation of U.S. Inflation Data
Bitcoin (BTC) has notably surged above the $26,000 threshold, mirroring the market’s anticipatory sentiment toward the impending U.S. inflation report. Starting the week with a low of $25,686.04, Bitcoin (BTC) swiftly sprinted to reach a high of $26,261.14. This rise brought Bitcoin (BTC) close to a recent resistance level at $26,300, one of the last barriers preventing Bitcoin (BTC) from ascending toward the coveted $27,000 mark.
With respect to the BTC/USD daily chart, in order to reach this significant level, Bitcoin (BTC) will need to surpass a ceiling on the relative strength index (RSI). This index currently stands at the 47.00 level, with Bitcoin (BTC) price strength tracking at 44.02 at the time of writing. Moreover, for Bitcoin (BTC) to maintain its upward trajectory, the 10-day (red) moving average will have to shift away from its current downward path.
Ethereum (ETH) Exhibits Marginal Uptick but Remains Under $1,800
Ethereum (ETH) has demonstrated a slight increase in value, though it continues to trade below the $1,800 level. Ethereum (ETH) value rose to a high of $1,757.89 in today’s trading session. A rise from yesterday’s low of $1,723.09. This recent surge in Ethereum (ETH) price came as bulls rallied at a base of $1,730, with the RSI responding in kind, bouncing from a floor level of 38.00.
According to the ETH/USD daily chart, Ethereum (ETH) price strength is currently tracking at 39.33. The next visible point of resistance stands at 43.00. If Ethereum (ETH) can break through this ceiling, there is a high probability that Ethereum (ETH) could potentially reach the $1,800 mark.
Exciting Potential: TMS Network (TMSN) on Track for Significant Expansion
TMS Network (TMSN), a recently launched decentralized exchange (DEX), is making waves within the cryptocurrency landscape due to its innovative approach to bridging traditional and crypto markets. TMS Network (TMSN) has introduced a multi-dimensional platform that empowers users to actively trade various assets, including cryptocurrencies, CFDs, forex, and equities. The adaptability provided by this platform has played a critical role in propelling its growing popularity among the crypto investment community.
TMSN’s performance since its inception has been nothing short of impressive, sparking global investor interest. Starting at a mere $0.025 during its stage 1 presale, TMSN’s value climbed to $0.05 in the stage 2 presale before reaching $0.078 during the stage 3 presale. Currently, in its stage 4 presale, TMS Network (TMSN) trading value has already hit a noteworthy high of $0.11, indicating the robust growth trend the token is enjoying.
Further evidencing this strong momentum, TMS Network (TMSN) has seen a staggering 300% appreciation during its ongoing ICO, continuing to display an aggressive upward trend. There appear to be no signs of this momentum slowing down, painting an optimistic future for TMS Network (TMSN) as it continues to disrupt the crypto-traditional market blend with its unique approach.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCodex. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.
