Month: June 2024

Bitcoin Price Gains Momentum: Bullish Surge Ahead?

Bitcoin price found support at $67,000 and started a fresh increase. BTC climbed above $69,500 and might continue to rise in the near term. Bitcoin started a decent increase above the $68,500 and $69,500 resistance levels. The price is trading above $68,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $68,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it settles above the $69,500 level. Bitcoin Price…

XRP Hasn’t Had A Bull Cycle Since 2017, Analyst Reveals What Will Happen When It Does

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The XRP price has been a constant point of worry for investors given that the altcoins seems to be frozen in time. The last time that the coin rallied was in the 2017-2018 bull and even though there has been another massive bull market since then, XRP failed to follow the rest of the market. While expectations for the altcoin have dropped dramatically, one analyst believes that the cryptocurrency could finally have its time in the spotlight, revealing targets for when this does happen. Why XRP Could Be Gearing Up…

Coinbase Raises Fairshake Super PAC Fund by $25M to Push Crypto Legislation

Coinbase CEO Brian Armstrong has outlined the optimal strategy to achieve regulatory clarity for the crypto sector in the U.S. The executive emphasized the necessity of electing pro-crypto candidates, highlighting Stand With Crypto’s 900,000 advocates and their impact on key legislative votes. Armstrong also mentioned Coinbase’s recent $25 million contribution to the Fairshake Super PAC, […] Source CryptoX Portal

Predictions Point To Monumental Price Surge In 18 Months

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Bitcoin (BTC), the largest cryptocurrency in the market, recently touched the crucial $70,000 level, proving to be a significant hurdle for its price consolidation in recent months.  Despite surpassing its previous high and reaching a record all-time high (ATH) of $73,700 in March, BTC experienced a 20% price correction to around $56,500 at the beginning of May. However, this correction marked the start of a renewed bullish momentum, with BTC currently trading at approximately $69,300. While Bitcoin’s price has seen some volatility and a lack of sustained bullish action, venture…

Trust Wallet onboards Mercuryo for crypto-fiat swaps

Trust Wallet and Mercuryo have partnered to power crypto off-ramps for more than 30 digital assets.  While cryptocurrencies allow participants to store value in virtual assets built atop decentralized networks, many real-world payments still require fiat vehicles for settlement in many countries and jurisdictions. Giant self-custody provider Trust Wallet and payments infrastructure firm Mercuryo have teamed up to enable users to turn their digital coins into real-world money, a process dubbed “off-ramping.” Commenting on the collaboration, Mercuryo co-founder and CEO Petr Kozyakov said, “having access to a seamless off-ramp service” is…

Trump Conviction Barely Dents His Odds of Winning Election: Prediction Markets

On PredictIt, a more mainstream betting site where trades are placed in dollars rather than stablecoins, the Trump contract actually gained 1 cent following the guilty verdict, although at 51-48 his lead over Biden is narrower and closer to the polls than on Polymarket. Unlike Polymarket, which blocks U.S. users under a regulatory settlement but has traders around the world, PredictIt is open only to Americans. Source

Stage Set For Fresh Rally?

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On-chain data shows Bitcoin could have significant support between $66,900 and $68,900, which may help provide solid ground for a fresh surge to higher levels. A Large Amount Of Investors Bought Their Bitcoin Between $66,900 & $68,900 According to data from the market intelligence platform IntoTheBlock, BTC is currently floating above a major demand zone. In on-chain analysis, the strength of any support or resistance level is based on how much “demand” was present at it. Related Reading Below is a chart that shows the various Bitcoin price ranges near…

Buckle Up: Bitcoin Ride to $74K Could Start Any Minute

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Although Bitcoin has yet to reclaim its peak of over $73,000 from March, it achieved a 24-hour high of $70,188. This performance is part of a gradual increase, with Bitcoin rising 1.2% over the past week and 2% in the last 24 hours, bringing its current price to $69,211. Amid this price performance, the crypto has shown promising fluctuations that suggest a possible upswing in its market value, with developments in trading patterns and analyst forecasts painting a bullish future. Related Reading Breaking Resistance: BTC Eyes Major Breakout In the…