Increasing and elevated U.S. interest rates are headwinds for bitcoin, one researcher said. Source
Bitcoin Loses Bullish Trendline as Fed Sees Restrictive Rates Needed for Some Time
Tag: Bullish
TA- Dogecoin DOGE Remains Bullish Despite Bearish Signs
The price of Dogecoin (DOGE) has continued to remain strong against Tether (USDT) despite growing bearish market sentiment as other crypto assets continue to decline in price. Bitcoin has shown bearish signs after being rejected from $25,200, but the price of DOGE has continued to trend higher with eyes set on the $0.1 mark. Dogecoin (DOGE) Price Analysis On The Weekly Chart Weekly DOGE Price Chart | Source: DOGEUSDT On Tradingview.com From the chart, the price of DOGE saw a weekly low of $0.052, which bounced from that area and…
Bitcoin Funding Rates Remain Positive As Bullish Sentiment Continues
On-chain data shows the Bitcoin funding rates have remained at positive values recently as the crypto’s price has continued its recovery. Bitcoin Funding Rates Have Been Mostly Positive During The Past Month As pointed out by an analyst in a CryptoQuant post, the BTC funding rates have been green recently, but not as positive as back between July 18th to 22nd yet. The “funding rate” is an indicator that measures the periodic fee that perpetual futures contract traders are paying each other. When the value of this metric is greater…
TA- Price Of Cardano Bounces From Support, Gears For A Bullish Run
The price of Cardano (ADA) has shown bullish signs and could be set for a major run against Tether (USDT) after bouncing from key support. Ethereum price rallied with so much strength from a region of $1,670 to $2,000 ahead of Ethereum merge. This has brought relief bounces for many altcoins, including the price of Cardano (ADA). Ethereum merge is an upgrade on the Ethereum network from Proof-Of-Work (POW) to Proof-Of-Stake (POS) so as to increase its network efficiency in transactions. (Data feeds from Binance) Price Of Cardano (ADA) Weekly…
TA – Harmony (ONE) Price Shows Bullish Signs
The price of Harmony (ONE) has shown bullish signs and could be set for a major run against Tether (USDT) as it eyes $0.04. Ethereum price rallied with so much strength from a region of $1,670 to $1,924 ahead of Ethereum merge. This has brought relief bounces for many altcoins including the price of Harmony (ONE). Ethereum merge is an upgrade on the Ethereum network from Proof-Of-Work (POW) to Proof-Of-Stake (POS) so as to increase its network efficiency in transactions. (Data feeds from Binance) Harmony (ONE) Price Analysis On The…
What Bear Market? Canada’s Largest Blockchain Conference Beamed With Bullish Energy
“For the first time in a long time, people were inspired again,” said Greg Gopman, chief marketing officer of crypto infrastructure provider Ankr, who was at the event. “Maybe it was Vitalik showing up. Maybe it’s news of the Merge nearing reality. Or maybe it was just the beautiful indoor/outdoor venue during two perfect Toronto summer days – but for the first time in a while, things felt bullish again,” he said. Source link
Ethereum Price Forecast Remains Bullish As Network Nears Another Milestone
Ethereum has been recording win after win over the last month. If it’s not a win in its price, then it is another step forward in its move to being a proof of stake network. These major milestones have reverberated throughout its community, spurring bullish sentiment amongst even the most skeptical of investors. Now, another milestone moving into view for the network promises even better things to come. Staking Nears 13.3 Million ETH The amount of ETH staked on the network continues to rise drastically. The first validator node was…
Could Today’s CPI Data be Bullish? – Blockchain News, Opinion, TV and Jobs
By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock After Bitcoin slumped just under 5% on Tuesday, it hovers above $23,000 at time of writing, after Coinbase’s Q2 earnings were released. They reported a 63% decline in revenue in the second quarter, hence leading to a $1.1 billion loss from a year ago, despite its monthly customer rising from 8.8 million to 9 million. This demonstrates further how impactful the macroeconomy has been have been for many crypto exchanges during the past few months. Coinbase also predicted that over the…
Selling Bitcoin doesn’t mean you’re not bullish: Cypherpunk CEO
Despite a massive wave of liquidations on the cryptocurrency market, some companies that sold their crypto over the past few months are not bearish on Bitcoin (BTC) at all. Canada-based investment firm Cypherpunk Holdings was one of the companies that opted to sell crypto amid the crypto winter of 2022, liquidating 100% of its Bitcoin and Ether (ETH) by June. One of the first public companies in the world to ever invest in Bitcoin, Cypherpunk said at the time that it maintained its long-term “bullish outlook on crypto” despite selling…
Bullish Expectations From The Ethereum Merge Rise Post Chainlink’s Announcement
The upcoming Ethereum blockchain upgrade has received different reactions and comments within the crypto industry. The launch of the upgrade, also known as the Merge, is to be within August 2022. Many experts in the system have confidence that Merge could be a bullish event that would positively impact the blockchain. But there are still some concerns about the possible post-merge hard forks on the network. When it comes to the cryptocurrency space, every network has a consensus mechanism for its operations. This is what helps in the validation of…