Tag: Bullish

Litecoin (LTC) on Bullish Run after Lightning Network Integration

Litecoin has been gaining some momentum since the start of the year with a focus on its next Halving event which is a few months away. Litecoin (LTC) is seeing a parabolic run through its price today as the protocol has unveiled a major milestone underpinning the network. As reported by several media today, Litecoin has also integrated the Lightning Network as it looks to leverage the ultimate scaling solution that has helped the Bitcoin network beat its congestion woes in recent times. The revelation of the Lightning Network integration…

Alphabet (GOOGL) Shares Aim to Revisit ATH as Wall Street Remains Bullish on Google’s AI Venture

From a stock index perspective, Alphabet shares are among the best-performing equities with a gain of about 33% YTD. Alphabet Inc (NASDAQ: GOOGL) shares have strongly rebounded from 2022 lows YTD. As a well-diversified tech company that has invested billions of dollars in different economic sectors, its stock market is well-poised to revisit its ATH and beyond. However, it is the artificial intelligence (AI) venture through one of its subsidiaries Google LLC that has convinced its shareholders to remain bullish. During this year’s Google annual I/O Developers conference held on…

BTC price risks $27K loss as Bitcoin trend lines brew ‘bullish cross’

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Bitcoin (BTC) headed toward $27,000 after the May 11 Wall Street open as bulls failed to show strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price “rolls over” after brief recovery Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it risked a further loss of support. After a modest recovery from local lows seen the day prior, the pair remained weak, even as new United States macro data offered bullish cues. “Dump was retraced but then price quickly rolled over again,” popular trader Daan Crypto Trades summarized.…

Bitcoin’s ‘relief rally possibly ends after bullish surge

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied As of April, bitcoin’s price has remained steady at around $28,000 since March 23rd, marking a significant increase from its starting point of $17,000 at the beginning of the year. Now, crypto traders and investors focus on whether bitcoin’s current price is still on the uptrend or if the relief rally is nearing its end. At the time of writing, bitcoin is sitting at 28,000, a 1.3% decrease in the last 24 hours. BTC to USD…

Google bullish on blockchain, UK’s $125M AI pledge, Voyager and Binance

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At the intersection of tech and cryptocurrency news, the Google for Startups Cloud Program has expanded to include 11 blockchain firms. Together, the entities will provide grants, expertise and services to emerging Web3 entrepreneurs. Meanwhile, the United Kingdom government has allocated $125 million in funding for a task force aimed at accelerating the country’s artificial intelligence (AI) readiness. The task force will focus on ensuring sovereign capabilities, such as public services, and fostering the adoption of safe and reliable AI foundation models. In other headlines, troubled cryptocurrency exchange FTX is set…

NY investment bank says ‘crypto winter is over,’ bullish outlook for Coinbase

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Analysts from the prominent New York-based investment bank H.C. Wainwright have declared an end to “crypto winter.” The bank has initiated its coverage of U.S. crypto exchange Coinbase with a “buy” rating, saying that the company stands to benefit from the growing cryptocurrency industry around the globe. In an April 26 note sent out to investors, Wainwright analyst Mike Colonnese observed that overall crypto asset prices have rallied 45% year-to-date (YTD) supported by a 67% increase in the price of Bitcoin (BTC). According to the analyst, markets “have likely now…

ASML Releases Impressive Q1 2023 Report, Predicts Bullish Sales to China

Despite the great ASML Q1 2023 earnings, sales of chips to China slowed down within that time period as geopolitical tension between China and the United States took a new twist. Netherlands-based chipmaker ASML Holding NV (NASDAQ: ASML) has projected its sales and earnings to the Chinese mainland will skyrocket for the rest of 2023 after it recorded a significant slowdown in its business in the region in the first quarter (Q1 2023). The projections came after the company reported a better-than-expected first-quarter result in which its net profit came…