Tag: Bullish

Data shows traders are slightly bullish even as crypto’s total market cap falls under $800B

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The total cryptocurrency market capitalization dropped by 5% between Nov. 14 and Nov. 21, reaching a notable $795 billion. However, the overall sentiment is far worse, considering that this valuation is the lowest seen since December 2020.  Total crypto market cap in USD, 4-hour. Source: TradingView The price of Bitcoin (BTC) dipped a mere 2.8% on the week, but investors have little to celebrate because the current $16,100 level represents a 66% drop year-to-date. Even if the FTX and Alameda Research collapse has been priced in, investor uncertainty is now…

People Are Still ‘Bullish’ About FTT and CEL, 2 Tokens Backed by Bankrupt Crypto Businesses – Markets and Prices Bitcoin News

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Despite the recent collapse and the exchange filing for bankruptcy protection, crypto traders are still paying more than a U.S. dollar for FTX’s FTT token on Friday, Nov. 18, 2022. FTT was once a top-30 crypto asset, and now the token has no rank on specific coin market aggregation sites due to locked FTT tokens entering circulation following the FTX bankruptcy filing. Bankrupt Crypto Exchange FTX’s FTT Token Still Trades Above $1 While the FTX exchange collapse is a mess and the new FTX CEO said prior FTX leadership was…

Litecoin Shows Bullish Signs As Price Eyes $70; Will Bulls Push To This Region?

 LTC’s price shows bullish signs as price holds above its range channel showing signs to rally high as FTX fiascos continue.   LTC’s price trades above $60 with the market’s current state, as things look uncertain for most traders and investors.  LTC’s price bounces from a low of $50 on the daily timeframe as the price aims for a rally to $70 above the 50 Exponential Moving Average (EMA) The price action displayed by Litecoin (LTC) in recent times has been encouraging after the FTX saga that has troubled the hearts…

3 reasons why the FTX fiasco is bullish for Bitcoin

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The “Bitcoin-is-dead” gang is back and at it again. The fall of the FTX cryptocurrency exchange has resurrected these infamous critics that are once again blaming a robbery on the money that was stolen, and not the robber. “We need regulation! Why did the government allow this to happen?” they scream.   For instance, Chetan Bhagat, a renowned author from India, wrote a detailed “crypto” obituary, comparing the cryptocurrency sector to communism that promised decentralization but ended up with authoritarianism. Perhaps unsurprisingly, his column conveniently used a melting Bitcoin (BTC) logo…

XRP Whale Withdraws Massive $135M From Binance, Bullish Signal?

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Data shows an XRP whale has made a massive withdrawal of $134 million from Binance, something that could prove to be bullish for the price of the crypto. Whale Transfers $135 Million In XRP Out Of Crypto Exchange Binance As per data from the crypto transaction tracker service Whale Alert, a huge XRP transfer was spotted earlier in the day. The transaction amounted to a total of 350,000,000 XRP, and was worth around $134.8 million at the time of the transfer. At the current exchange rate, this stack of coins…

XRP Price Drops While 2 Bullish Events Are Kicking Off

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The XRP price cannot escape the broader market sentiment at the moment and was trading at $0.3781 at press time. With this, XRP was unable to defend yesterday’s gains of over 9%, and continues to show itself trapped in a price channel between $0.32 and $0.40. The channel was established when XRP price fell from above $0.50 to near the 1-month low at around $0.32 on November 09 as a result of the FTX collapse. In the 1-hour chart, XRP is currently trading above the 50 and 100 Simple Moving…

Dogecoin (DOGE) Prints Bullish Pattern, Why It Could Surge to $0.11

Dogecoin declined below the $0.14 support against the US Dollar. DOGE tested the $0.070 support and now aims a fresh move above the $0.10 resistance. DOGE started a fresh decline below the $0.14 and $0.12 levels against the US dollar. The price is trading well below the $0.110 zone and the 100 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.088 on the 4-hours chart of the DOGE/USD pair (data source from Kraken). The pair must stay above the $0.070 support…

BTC Rebounds Following Bullish Comments From Elon Musk – Market Updates Bitcoin News

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Bitcoin started the week trading below $17,000, as volatility in the cryptocurrency space continued to intensify. Following last week’s collapse of FTX, account withdrawals have increased, with several customers opting to remove their tokens from exchanges. However, strong comments from Twitter CEO Elon Musk have helped boost prices. Ethereum remained below $1,300 on Monday. Bitcoin Bitcoin (BTC) started the week trading below $17,000, as market volatility remained high, following last week’s collapse of FTX. Since FTX’s bankruptcy, the market has struggled to attempt to find support, with BTC trading near…

Dogecoin Shows Bullish Bias As $0.12 Support Holds; Will $0.15 Be Breached?

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 DOGE’s price fails to rally high as the price continues to stall in its price movement despite the market looking green across boards.   DOGE’s price continues to trend above key support as the price tries to build more strength to overcome this area of resistance that has held the price from rallying.  DOGE’s price remains strong on the daily timeframes as the price trades below the 50 and 200 Exponential Moving Averages (EMA). The price of Dogecoin (DOGE) showed some good price action to the upside as the price has…

Is Bitcoin bullish or nah? Here is what is really going on with BTC price

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Since March 2022, traders and so-called analysts have been forecasting a policy change or pivot from the United States Federal Reserve.  Apparently, such a move would prove that the Fed’s only available option is to print into oblivion, further diminishing the value of the dollar and enshrining Bitcoin (BTC) as the world’s future reserve asset and ultimate store of value. Apparently. Well, this week (Nov. 2) theFed raised interest rates by the expected 0.75%, and equities and crypto rallied like they usually do. But this time, there was a twist.…