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
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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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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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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
Read More »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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Text size Crypto ownership in Thailand is relatively popular compared to some major economies. Ozan Kose/AFP via Getty Images … Source link
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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 (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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Text size Cryptocurrencies are gaining as investors return to high-growth “risk assets.” Dreamstime … Source link
Read More »What happened Many cryptocurrencies and crypto-related stocks posted sharp price gains on Tuesday. Bitcoin ( BTC 2.81% ) and Ethereum ( ETH 1.95% ) saw 24-hour gains of 3.9% and 3.2%, respectively, at 2 p.m. ET today. Leading cryptocurrency trading service Coinbase Global ( COIN 5.24% ) held a 7.2% price increase at the same point in time, while the crypto-focused bank Silvergate Capital ( SI 8.02% ) was up 5.6%. It’s no surprise to see the biggest names in… Source link
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