Tag: Bullish

Global Shipping Business Network (GSBN) Bullish on Blockchain

Blockchain technology has had a rocky start in the logistics industry, with Danish logistics firm Maersk terminating its blockchain-based supply chain platform last year. However, Hong Kong-based Global Shipping Business Network (GSBN) has not given up on blockchain applications in global trade. In fact, the nonprofit consortium sees blockchain as a crucial logistics tool in the long term. GSBN currently operates one of the world’s largest platforms that can be described as an alternative to Maersk’s TradeLens tool, according to a report by the South China Morning Post. The platform…

Bitcoin price sets up for an explosive move as ADA, XLM, AAVE and CFX turn bullish

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The long weekend has not produced any fireworks in Bitcoin (BTC) price, which continues to trade inside an ever-narrowing range. Bitcoin is on track to form a third consecutive Doji candlestick pattern on the weekly chart. This suggests that the Bitcoin bulls and the bears are not clear about the next directional move. It is not only Bitcoin that is stuck inside a range. On April 7, Jurrien Timmer, director of global macro at asset manager Fidelity Investments, tweeted that the S&P 500 Index had been stuck inside a range…

Ethereum price turns bullish ahead of next week’s Shanghai and Capella upgrade

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With one week to go until the Ethereum (ETH) Shanghai and Capella upgrades on April 12, all eyes are on Ether. The second largest cryptocurrency by market capitalization shrugged off rumors and regulatory action against exchanges to hit a 7-month high of $1,922 on April 5.  Ether price has momentum and here are three strong reasons why. Multiple positive price achievements According to data from Cointelegraph Markets Pro and TradingView, despite market volatility, Ether price has posted gains on the 7-day, 1-month and 3-month timeframes. Ether price gains are also…

Bitcoin Volatility Index’s Correlation With Bitcoin Price Flips Positive, Boosts Appeal of Bullish Call Options

Options are derivative contracts that give the purchaser the right, but not the obligation, to buy or sell the underlying asset at a predetermined price on or before a specific date. A call option gives the right to buy, a signal the holder has a bullish stance, while a put option gives the right to sell. Options prices are determined by several factors, including market direction as well as implied volatility, which is influenced by the supply and demand for options. Source

US Stocks on a Bullish Run as the Worst of Bank Run Has Passed

As the events in the banking ecosystem riled the market, tech stocks that are generally known to power growth underperformed for the month.  The United States (US) stock market is on a bullish run today as marked by the second consecutive day of gain by top indices as investors fear the worst of the bank run has passed. The Nasdaq Composite (INDEXNASDAQ: .IXIC) is leading the market momentum after inking a 0.73% growth, adding more than 87 points to close Thursday’s session at 12,013.47. The broader stock benchmark, the S&P…

‘Definitely not bullish’ — 7% Bitcoin price gains fail to convince traders

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Bitcoin (BTC) may have erased its Binance “FUD” losses, but popular traders are anything but bullish. Despite gaining up to 7.5% versus its March 28 lows, BTC/USD is causing more suspicion than excitement with its return to local highs. $30,000 stays breaker for bullish sentiment flip In a move which echoes its reactions to previous news events such as the Silicon Valley Bank demise, Bitcoin has recovered snap losses in record time. On March 29, BTC price action hit $28,650 on Bitstamp — just $200 off new nine-month highs. Unlike…

XRP, LTC, XMR and AVAX show bullish signs as Bitcoin battles to hold $28K

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The recent banking crisis in the United States seems to have shaken the belief of some customers in the legacy banking system. According to Federal Reserve data, customers pulled nearly $100 billion in deposits in the week ending March 15. American venture capital investor and entrepreneur Tim Draper said in a March 25 report that “founders need to consider a more diversified cash management approach” due to the over-regulation of banks and micromanagement by the government. As part of a contingency plan, Draper suggested businesses keep “ at least 6…

Bitcoin bulls remain bullish, but macro and crypto-specific hurdles have BTC pinned below $30K

On March 23, Bitcoin (BTC) price recovered the $28,000 support after a brief correction below $27,000. The movement closely tracked the traditional financial sector, particularly the tech-heavy Nasdaq Index, which gained 2.1% as Bitcoin surpassed the $28,000 threshold. On March 22, the Federal Reserve raised its benchmark interest rate by 0.25%, but hinted that it is nearing its maximum level for 2023. In the end, however, Fed Chair Jerome Powell stated that it is too soon to determine the extent of the tighter credit conditions, so monetary policy will remain…

Arbitrum airdrop sells-off at listing, but traders remain bullish on ARB

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The official Arbitrum airdrop page crashed right after the claiming process began around 9 a.m. EST. Some users still managed to claim it through alternative methods like Arbiscan. In the first two hours, the market witnessed a massive sell-off of the token as its price declined from over $10.29 to lows of $1. At ByBit, the token started trading for $7.50, but dropped to $1.50 within minutes. At the time of writing, the token was trading at $1.33. Only one address successfully sold the token at $10.29 through the ARB/USDC pool…

Bitcoin dominance nears 50% as research hails ‘bullish’ narrative flip

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Bitcoin (BTC) accounts for more of the total value of cryptocurrency than at any time since June 2022. The latest data from TradingView shows that Bitcoin market cap dominance is nearing 46% — its highest in nine months. New dominance “spike” hints at trend change to come The latest knock-on effect from this week’s surge above $26,000, Bitcoin’s share of the combined cryptocurrency market cap is currently at 45.7%. Up almost 3% since the weekend alone, Bitcoin dominance shows a trend-setting move by the largest cryptoasset reminiscent of classic bull…