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Price analysis 4/10: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL

Published 04/10/2023, 01:49 PM
Updated 04/10/2023, 05:20 PM
© Reuters.

Bitcoin’s (BTC) tight consolidation near its local top suggests that traders are waiting for a catalyst to start the next trending move. The Consumer Price Index data on April 12 and the producer price index data on April 13 could give insight into the Federal Reserve’s future rate hikes and shake the traders out of their slumber.

The dull price action in Bitcoin has not reduced the interest in it. According to Ahrefs search volume data, Bitcoin remains the most Googled term in the United States, followed by the keywords “Donald Trump” and “breaking news.”

Daily cryptocurrency market performance. Source: Coin360
SPX daily chart. Source: TradingView
DXY daily chart. Source: TradingView
BTC/USDT daily chart. Source: TradingView
ETH/USDT daily chart. Source: TradingView
BNB/USDT daily chart. Source: TradingView
XRP/USDT daily chart. Source: TradingView
ADA/USDT daily chart. Source: TradingView
MATIC/USDT daily chart. Source: TradingView
DOGE/USDT daily chart. Source: TradingView
SOL/USDT daily chart. Source: TradingView

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