Text size Bitcoin and other cryptos were rallying along with stocks on Thursday. Dreamstime … Source link

After approaching a $3 trillion value in early November, the cryptocurrency market has fallen roughly 33% and is now worth just shy of $2 trillion. Ethereum‘s ( ETH 2.37% ) chart follows a similar trajectory. But with the general market weakness, now might be a good time for investors to hop on board.  Based on its recent price of about $3,000, a $5,000 target for ETH implies about 67% upside. In the world of cryptocurrencies, this type of move can happen in a relatively… Source link

Bitcoin (BTC/USD) Analysis Key Highlights BTC gained above $43,000 due to a positive mood from equities. The pair has created higher highs and lower lows. It confirms a bullish trend and it should break above $46,000 for bullish confirmation. Technical Analysis Intraday trend – Bullish On the daily chart, the pair is trading above Tenken-sen ($40,739), Kijun-sen ($41,174), and Ichimoku Kumo cloud ($39,400). It hits an intraday high of $43,492 and is currently trading around $43,100. Major support… Source link

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

Some analysts expect crypto prices to remain elevated over the short term, albeit in a higher range. That means a relief rally could be short-lived. For reference, BTC’s prior range between $30,000-$40,000 earlier this year preceded the current range between $40,000-$45,000, indicating a decline in selling pressure. Source link

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

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

Avalanche’s development is led by New York-based Ava Labs, which was co-founded by Emin Gün Sirer, a computer science professor at Cornell University, Kevin Sekniqi, a Ph.D. student, and Maofan “Ted” Yin, who wrote the protocol used in Facebook’s ill-fated digital currency project Libra. Source link

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

Text size Crypto ownership in Thailand is relatively popular compared to some major economies. Ozan Kose/AFP via Getty Images … Source link