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Ethereum’s native token, Ether (ETH), looks ready to undergo a massive rally due to a mix of technical and fundamental factors. From a technical perspective, ETH’s price now eyes a 35% rebound by the end of October after holding testing a key support level. This level is a rising trendline that has capped Ether’s downside attempts since June 2022, as shown below. ETH/USD weekly price chart. Source: TradingView In other words, traders have shown interest in buying Ethereum tokens near this level… Source link

Bitcoin (BTC) delivered more surprises on Oct. 14 as the reaction to macro triggers saw a sudden run at $20,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks, crypto smoke shorts Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing to one-week highs, gaining almost $2,000 in hours. After the United States Consumer Price Index (CPI) print for September came in above expectations, an initial crypto rout put bulls on edge, but the pain was short… Source link

Inflation continues to creep up all over the globe. Over the past two years, most developed nations have seen inflation rates double. The value proposition of digital assets with fixed economic principles governed by smart code has never been stronger. The rapid increase of capital allocation to digital assets by institutional investors proves the truth of this statement.  The next bull market will be unlike any before. But investors cannot just survive the bear market; they must leverage… Source link

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Sushiswap’s technical setup shows that the altcoin is set for a major rally going ahead. On the other hand, Bitcoin price tanks as the U.S. releases CPI numbers for September 22. While Bitcoin has been staying relatively stable over the last few weeks, some altcoins have been showing good movement recently. A popular crypto analyst Altcoin Sherpa recently shared his thoughts on where Bitcoin moves… Source link

Litecoin price confirms a 13.52% symmetrical triangle breakout. LTC may collect more liquidity on its path to $46.64, ahead of a significant recovery to $100. Overhead pressure continues to build among investors who bought LTC at $52.60. Litecoin price is exploring downhill levels beneath $50.00 after several weeks of mundane consolidation. As discussed last week, the coin could close the day around $46.64 if sellers capitalize on a symmetrical triangle breakout.

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Litecoin price dived to the lowest level since September 21st. It crashed to a low of $49.36, which was almost 10% below the highest level this month. This decline has brought its market cap to more than $3.6 billion, which is much lower than its all-time high of over $21 billion. US inflation data ahead Litecoin price made a strong bearish breakout as Bitcoin crashed below the important support level at $19,000. The total market cap of all crashed to more than $904 billion, which was the… Source link

Salvadoran President, Nayib Bukele speaks during an event in May 2021. El Salvador become the first country to adopt bitcoin as legal tender in June. Camilo Freedman | SOPA Images | LightRocket | Getty Images It has been more than a year since El Salvador made history by becoming the first country to make bitcoin legal tender, and so far, 37-year-old resident Edgardo Acevedo has found the nationwide crypto experiment to be relatively anticlimactic. “I don’t think anything has changed, except… Source link

Litecoin price dived to the lowest level since September 21st. It crashed to a low of $49.36, which was almost 10% below the highest level this month. This decline has brought its market cap to more than $3.6 billion, which is much lower than its all-time high of over $21 billion. US inflation data ahead Litecoin price made a strong bearish breakout as Bitcoin crashed below the important support level at $19,000. The total market cap of all crashed to more than $904 billion, which was the… Source link