Monthly Archives: March 2022

Ethereum price breaks through $3K, but analysts warn that a retest is needed

The cryptocurrency market continues to forge ahead on March 23 despite facing headwinds on multiple fronts. At the moment, global conflict, rising inflation and widespread economic uncertainty are taking a toll on financial markets and helping to highlight the need for a diversified investmen portfolio.  Altcoins have managed to gain some ground in recent days, led by Ethereum, the top smart contract platform, which managed to climb back to the major support and resistance zone at $3,000… Source link

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Here’s why Bitcoin bulls will defend $42K ahead of Friday’s $3.3B BTC options expiry

Over the past two months, Bitcoin (BTC) has respected an ascending triangle formation, bouncing multiple times from its support and resistance lines. While this might sound like a positive, the price is still down 11% year-to-date. As a comparison, the Bloomberg Commodity Index (BCOM) gained 29% in the same period. Bitcoin/USD 1-day chart at FTX. Source: TradingView The broader commodity index benefited from price increases in crude oil, natural gas, corn, wheat and lean hogs. Meanwhile, the… Source link

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Ethereum Is Up 18% Over the Last Week. Why?

Image source: Getty Images Ethereum’s recent bull run isn’t unfounded. Key points Ethereum’s rise is tied to the increasing popularity of NFTs and stablecoins. ETH 2.0 upgrade also could improve the yields for Ethereum staking. … Source link

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Terra may be about to repeat $125M BTC buy that sparked Bitcoin’s run to $43.3K

Bitcoin (BTC) could be set for a repeat of this week’s run to weekly highs after Blockchain protocol Terra appeared set to buy another $125 million of BTC. A wallet thought to belong to Terra but not officially confirmed to be under its control sent another 125 million Tether (USDT) to Binance on March 23. Rinse and repeat for 5.6% BTC price gains? The Bitcoin price narrative gained a new player this week after Terra co-founder Do Kwon let slip about a plan to back a new U.S. dollar stablecoin,… Source link

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Litecoin (LTC) Receives a Bullish Rating Wednesday: Is it Time to Jump Ship? – InvestorsObserver

Litecoin (LTC) gets a bullish rating from InvestorsObserver Wednesday. The crypto is down 2.54% to $119.12 while the broader crypto market is down 1.48%. Litecoin has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Bullish Over the last five days, Litecoin has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of… Source link

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Bitcoin dips 3.6% from weekly highs — What are the key BTC price levels to watch?

Bitcoin (BTC) threatened a significant retracement overnight into March 23 as weekly highs saw their first test. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC misses out on “very bullish” daily close Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping from a peak of $43,337 to lows of $41,779 on Bitstamp before recovering. At the time of writing, the pair traded at around $42,300 — still $1,000 off the highs. Enthusiasm had been clearly in evidence… Source link

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