Day: September 19, 2024

Ethereum Trails Bitcoin, But Bullish Momentum Gains Strength

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Este artículo también está disponible en español. Ethereum price started a fresh upward move above the $2,335 resistance. ETH is now aiming for more upsides above the $2,420 resistance. Ethereum started another increase from the $2,280 resistance. The price is trading above $2,350 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,310 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,420 resistance to continue higher in the near term. Ethereum Price Aims Higher Ethereum…

Are The Big Players Losing Interest?

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Este artículo también está disponible en español. Ethereum (ETH) holders appear to be adopting varying strategies amid ongoing market uncertainty, latest data from CryptoQuant shows. Particularly, according to a recent analysis by a CryptoQuant analyst under the pseudonym ‘Darkfost,’ a noticeable shift in ETH’s investor behaviour is taking place. So far, larger holders of Ethereum and smaller retail investors are exhibiting signs of inactivity, while mid-sized holders show a measured increase in their holdings. This divergence in strategies among these market participants may provide insight into Ethereum’s market sentiment, especially…

Bitcoin Price Surges After Fed Rate Cut: New Rally Ahead?

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Este artículo también está disponible en español. Bitcoin price started another increase above the $60,500 resistance. The Fed reduced rates by 0.50%, sparking a bullish wave in BTC toward $62,500. Bitcoin is gaining pace above the $60,200 resistance zone. The price is trading above $60,500 and the 100 hourly Simple moving average. There was a break above a short-term declining channel with resistance at $60,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend gains if it stays above the $60,500 support zone.…

NEIRO Meme Coin Minting Millionaires, Whales Accumulating: Is This The Start Of The Bull Run?

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First Neiro on Ethereum (NEIRO), a meme coin, is one of the top performers this week. Over the last seven days alone, the token has soared over 332X, pushing its total market cap over the $341 million mark–a testament to a token that several weeks back was struggling to break the $100 million level. NEIRO Surging After Binance Listing According to trackers, NEIRO is up 109% over the last day, increasing due to rising trading volume. Technically, the underlying momentum is strong whenever a combination of rising prices and engagement…

Peter Schiff Warns Fed’s Rate Cut Spells Economic Disaster — ‘It’s Game Over for the Fed’

Economist and gold advocate Peter Schiff has sounded the alarm on the Federal Reserve’s latest actions, linking a significant rate cut to rising gold prices and a weakening U.S. dollar. His warning about a deepening recession and rising inflation adds weight to concerns about future economic stability. “It’s game over for the Fed,” Schiff stressed. […] Source CryptoX Portal

Fractal Suggests Major Breakout In Q4

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Este artículo también está disponible en español. Recent Ethereum price action saw ETH reaching another low of $2,150 on September 6, raising concerns of a more severe drop towards the $2,000 price level. Although these concerns were eased with a subsequent bounce to $2,460 on September 13, Ethereum remains largely in a downtrend, with a triple-bottom price formation now shaping up. Interestingly, this triple bottom formation is not new for Ethereum. As technical analysis points out, the current price action seems to repeat a similar playout in mid-2021.   Ethereum Fractal…

Neiro, Billy, Baby Doge Coin leads as Fed delivers jumbo rate cut

Cryptocurrencies rose after the Federal Open Market Committee slashed interest rates for the first time since 2020 and hinted that more cuts were coming. Meme coins like Neiro (NEIRO), Billy (BILLY), and Baby Doge Coin (BABYDOGE) were among the best-performing coins after the decision. Neiro soared by over 120%, reaching a record high of $0.00084, significantly higher than this month’s low of $0.00036. Its intraday volume surged to $794 million, while its market cap rose to $354 million. Billy, another popular small-cap meme coin, climbed by 60% to $0.043, bringing…