Digital assets surged on January 13: Prices rose above $19,000 for Bitcoin and above $1,400 for Ethereum reaching multi-month highs. The Traders continue to respond to the latest inflation data on Wednesday, which fell to 6.5% according to the latest report.
Bitcoin
Bitcoin (BTC) prices advanced above $19,000 to a two-month high in today’s session, allowing it to reach a new peak.
After A low of $17.995.20 on Thursday, BTC/USD hit its highest point since November 8, when the price was at $20,000, at $19.031.80 earlier in the day.
The Chart shows that the rally happened as the 14-day RSI achieved its highest level in more than a year.
The Bullish momentum was further supported by the maturing uptrends in the 10-day (red) and 25-day (blue) moving averages, though prices are now far above their overbought levels, which could be a sign that bears are waiting and ready to return.
Ethereum
Like BTC, Ethereum (ETH) and other crypto currencies also rose strongly on FridayThe price moved above $1,400.
Today’s intraday high for ETH/USD was $1,432.28. This is only one day after the low of $1.378.42.
This advance has propelled ethereum to its highest level since November 8, when it peaked at $1.580.
