Tag: Bullish

Is There Such a Thing as a Bullish Rate Hike? โ€“ Blockchain News, Opinion, TV and Jobs

By Ben Small, Analystย at theย publicly listed digital asset brokerย GlobalBlockย  The crypto market has started the second half of this week on the front foot on the back of the latest interest rate decision in the US. Despite starting the week under plenty of pressure in the build-up to the decision, a sea of green is showing across digital assets since. BTC rebounded back above the $23.840k mark placing the market leader comfortably within its higher ranges of the last 6 weeks. ETH has jumped by as much as 13% since…

Bullish Sentiment Spills Over To Institutional Investors As Ethereum Inflows Balloons

boss

Institutional investors had been showing bearish sentiment towards Ethereum for the longest time. The second-largest cryptocurrency by market cap, which had initially caught their attention, was not doing as well as expected, and the outflows that followed were massive. However, it looks like sentiment among these large investors is beginning to turn positive as Ethereum has begun to record inflows. Ethereum Inflows Balloons Over the last several weeks, Ethereum inflows have been ramping up. Although they were nowhere near the volumes that had been recorded during the bull market, it…

Silvergate CEO Sees More Near-Term Pain for Crypto but Still Bullish on Bitcoin Lending

Shares of Silvergate are down 42% this year, though theyโ€™ve jumped 33% over the last week. The VanEck Digital Transformation ETF (DAPP), which holds a basket of various crypto stocks including exchange Coinbase (COIN) and miner Marathon Digital (MARA), has fallen 67% this year, but risen 15% over the last week. Rising rates and recession fears have hurt global equity markets, especially stocks deemed to be riskier. The tech-heavy Nasdaq Composite Index has retreated about 25% year-to-date. Source

Pro Bitcoin traders are uncomfortable with bullish positions

boss

The previous $19,000 Bitcoin (BTC) support level becomes more distant after the 22.5% gain in nine days. However, little optimism has been instilled as the impact of the Three Arrows Capital (3AC), Voyager, Babel Finance and Celsius crises remain uncertain. Moreover, the contagion has claimed yet another victim after Thai crypto exchange Zipmex halted withdrawals on July 20. Bitcoin/USD 1-day price. Source: TradingView Bulls’ hopes depend on the $23,000 support strengthening as time goes by, but derivatives metrics show professional traders are still highly skeptical of continuous recovery. Macroeconomic headwinds…

Bullish Rally Sees It Climb to Sixth Spot by Market Cap

boss

Onย CoinMarketCap, XRP has risen to sixth place as of today, July 20, with a market value of $17.63 billion. Being able to exceed not just Binance USD but also Cardano and Solana is a noteworthy accomplishment for Rippleโ€™s native currency. Rippleโ€™s native token, XRP, provides a means of payment settlement between banks and digital assets exchanges. It decreases the number of extra steps needed when transferring money internationally, which leads to lower fees. Related Reading |ย Solana And Avalanche Poised For Gains As Crypto Market Enjoys New Tailwinds However, by breaking…

BTC, ETH Both Hit Fresh 1-Month Highs, as Bullish Pressure Intensifies โ€“ Market Updates Bitcoin News

boss

Bitcoin prices surged on hump day, as the token climbed towards the $24,000 level in todayโ€™s trading session. The move came as bullish pressure intensified, following several days of recent gains. Ethereum also remained higher, once again climbing above $1,600. Bitcoin Bitcoin (BTC) extended its recent gains on Wednesday, as prices rose towards the $24,000 level in todayโ€™s session. The worldโ€™s largest cryptocurrency surged to an intraday peak of $23,759.76 on hump day, which is its highest point since June 13. Wednesdayโ€™s fresh five-week high comes as price strength increased,…

Ripple XRP Ledger Co-Creator Stops The Selling Spree, Bullish Trend Nearby?

boss

Since December 2020, Ripple hasnโ€™t rested from negative anticipations of a crash. Instead, the crypto that seemed promising from inception started plummeting when the United States Securities and Exchange Commission (SEC) sued it. The accusation was that the company raised more than $1.3 billion illegitimately. As a result, SEC held the co-founder Christian Larsen and Bradley Garlinghouse, the CEO, accountable for the illegal gains. The court case has already lasted for more than one year. But, surprisingly, on April 14, Ripple CEO Brad Garlinghouse stated that the fight had gone…

Bitcoin Turns Bullish, Attempts to Reclaim the 200 Week MA Ahead of Inflation Data from EU, UK, Canada, Japan This Week

boss

Summary: Bitcoin has gained value from roughly $21.3k during the weekly close to a local high of $22.5k. Bitcoin is trading directly below the critical 200-week moving average, which has marked market bottoms in past bear markets. BTC gaining in the crypto markets comes at a time when the United States posted its highest inflation in 40 years at 9.1%. New Zealand has also announced record-breaking inflation, with the EU, UK, Canada, and Japan expected to announce their CPI this week. Bitcoin has had an eventful 24 hours, having broken…

Janet Yellen FLIPS Bullish on Cryptocurrency in 2022 (SHOCKING NEWS)

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Let’s discuss the LATEST crypto coin news for bitcoin, ethereum, altcoins, & more! ๐Ÿ‘‹ SLAP THE LIKE BUTTON! Join us at Bitcoin 2022 Conference! Use code ALTCOINDAILY for 10% off: ๐Ÿ’ฐ Crypto Expert Makes SHOCKING Bitcoin Prediction for 2022 (Lengthening Cycles Theory): ๐ŸŽธ Gene Simmons REVEALS His 10x Cryptocurrency Portfolio for 2022: ๐Ÿ“ˆ Raoul Pal’s Crypto Forecast for 2022: Altcoin Daily, the best cryptocurrency news media online! Is ethereum a good investment 2021? What will ethereum be worth in 2021? Can ethereum…

Bitcoin Miners Send 14K BTC To One Block. Bullish News For The Market?

boss

After the official US inflation numbers were released, bitcoin prices started to rise. However, during the previous month, the BTC miners have increased their outflow. A new set of tax policies targeted at preventing domestic cryptocurrency mining were unveiled by Kazakhstan, which is still a significant nation in the world of Bitcoin mining. During a halt in worldwide activity and fire sales connected to recent bankruptcy-related news, prices for Bitcoin mining rigs are also said to have fallen to epidemic lows for 2020. Most significantly, Texas power grid operators have…