Tag: 7Day

XRP Sustains Solid Momentum To $0.37 In All-Green 7-Day Climb

Ripple (XRP) has walked the last mile after it waded lows at $0.326 and surged by 16% in the last 48 hours. While everything is looking green and bullish, XRP is still faced with the $0.381 resistance, and if the coin fails to shoot over that means a correction is looming. A candlestick close that goes under $0.381 can debunk the bearish outlook for XRP. Ripple price showed colossal strength as it ricocheted off a support zone that hereinafter triggered a bullish streak seen in the past two days.  While…

Avalanche Sustains 7-Day Upswing – Can AVAX Easily Breach $26?

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Avalanche (AVAX) trails behind the plunge of Bitcoin (BTC), has also shaved 6% off its price in the last 24 hours. On the brighter side, AVAX/USD is looking solid and rising following yesterday’s plunge which suggests a correction before a potential uptrend. AVAX is currently trading at $25.10, up 7 percent in the last seven days, data from Coingecko show, Friday. But people should be on the lookout for the $25 zone. If the price can go back to that level or above that range, then there is a high…

Bitcoin price hits 7-day low as US warns of ‘highly elevated’ CPI data

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Bitcoin (BTC) carried through threats of new local lows on July 12 as the White House warned of “highly elevated” inflation. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView White House warns ahead of “decisive day” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD approaching $19,500 prior to the Wall Street open, down over 4% on the day. Having failed to hold $20,300 support, the pair appeared to react badly to comments on the inflation outlook from White House press secretary Karine Jean-Pierre. Markets were already primed for higher than…

Uniswap Slingshots 45% – Can UNI Blaze Past Its 7-Day Rally?

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Uniswap is once again hogging the headlines following the token’s comeback in the wake of optimistic signs that the bear market may be winding down. In the past week, UNI, its native token, has seen enormous growth, as the decentralized exchange’s trading volumes have rivaled those of Ethereum, the blockchain on which it is constructed. Multiple news agencies stated that Uniswap had exceeded the Ethereum network in terms of transaction fees. The flagship DEX collected more than $4 million, surpassing the second-largest blockchain. UNI increased by roughly 45 percent in…

First Mover Asia: Bitcoin Edges Toward $58K; Altcoins Recover From 7-Day Lows

Good morning. Here’s what’s happening this morning: Market moves: Bitcoin edged toward $58,000 as altcoins and other layer 1 tokens recovered from seven-day lows. Technician’s take: Momentum is improving as oversold readings appear on the chart. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $57,550 +1.82% Ether (ETH): $4346 +5.93% Market moves Bitcoin struggled to move above $58,000 during U.S. trading hours on Tuesday, while alternative cryptocurrencies (altcoins), including ether and other layer 1 tokens recovered to above their…