Tag: Market

Market Adjusts After Recent Increase

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Ethereum price tested the $3,040 zone and corrected gains. ETH is now testing the $2,925 support and might aim for a fresh increase. Ethereum started a downside correction after the bears defended $3,040. The price is trading below $2,960 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,965 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close below the $2,925 support. Ethereum Price Dips Again Ethereum price started…

Bitcoin Price Consolidates Gains: Stability in the Crypto Market Amid Recent Surge

Bitcoin price rallied and tested the $66,500 zone. BTC is now consolidating gains and might attempt another increase toward $67,500. Bitcoin started a consolidation phase from the $66,500 resistance zone. The price is trading above $65,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $65,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless the bears push it below $63,800. Bitcoin Price Remains Supported Bitcoin price formed a base and…

How inflation, interest rates and the stock market affect Bitcoin’s price

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While there are crypto-specific factors that can boost Bitcoin, there’s no denying that prices are often influenced by macroeconomic and global events. Sometimes, Bitcoin’s price can suddenly leap or plunge without warning. And in many cases, this is because of macroeconomic and global events outside of BTC’s control — rather than sentiment directly related to the cryptocurrency itself. Here, we’ll explore the data and developments that can have an outsized influence on the digital asset’s performance. Inflation After the cost of living in the U.S., U.K., and beyond surged to…

Coinbase develops new service to target Australia’s $664b pension market

U.S. crypto exchange Coinbase is working on a new product offering digital assets for Australia’s growing self-managed pensions sector. Cryptocurrency exchange Coinbase is developing a yet-to-be-announced service that would offer crypto investment products for portfolios that make up about a quarter of Australia‘s $2.5 trillion pension system, Bloomberg reports, citing Coinbase Asia-Pacific managing director John O’Loghlen. Speaking on the matter, O’Loghlen hinted that the exchange’s new solution is designed to cater to clients who may only make a single allocation with the service provider rather than engaging in regular or…

Cryptocurrency Market Surges with SOL Momentum

Solana started a fresh increase above the $150 resistance. SOL price is up nearly 15% and might continue to rise if it clears the $165 resistance. SOL price recovered higher and tested the $162 resistance against the US Dollar. The price is now trading above $150 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $148 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could clear the $165 resistance unless it fails to stay…

Emerging from Bearish Sentiment, Crypto Market Optimism Rises

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Bitcoin price is up nearly 8% and it broke many hurdles. BTC is now consolidating gains and might correct in the short term toward $65,000. Bitcoin started a strong increase and cleared the $63,500 resistance zone. The price is trading above $65,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $61,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct gains but the bulls might be active near $65,000 and $64,500.…

Market Expert Who Predicted Bitcoin’s Rise above $69,000 Unveils New Target

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The Bitcoin rise above $69,000 before the fourth halving to reach a new all-time high of $73,000 in 2024 took many by surprise. However, crypto analyst BitQuant was not one of those people. In 2023, the analyst had correctly predicted that the BTC price would reach a new all-time high before the halving was completed. After the successful completion of his prediction, the crypto analyst has once again predicted where the Bitcoin price is headed, and how high it will go. Crypto Analyst Says Bitcoin Price Will Reach $95,000 BitQuant…

Analyst Predicts Shiba Inu to Soar 50% Amidst Meme Coin Market Rise

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Well-known cryptocurrency expert and enthusiast Dami Defi has offered his insights on the price action of Shiba Inu, predicting a surge in the crypto asset as the Meme coin market sees a fresh wave of demand. Given the optimism around meme coins lately, Dami Defi is confident that Shiba Inu could rise by over 50% shortly. Shiba Inu Price Could Rise By 20% Shiba Inu (SHIB) has become one of the leading meme coins, attracting positive outlooks from several analysts in the crypto space today. Even though Shiba Inu began the…

Outpacing Other MEME Coins In Market Surge

PEPE price is up over 10% and outpacing other meme coins. The price could continue to rise toward the $0.0000125 level in the near term. PEPE started a fresh increase above the $0.0000105 level. The price is now trading above $0.0000110 and the 100-hourly Simple Moving Average. There is a breakout pattern forming with resistance at $0.0000115 on the hourly chart of the PEPE/USD pair (data source from Kraken). The pair could rally further if there is a close above the $0.0000115 resistance. PEPE Price Surges Over 10% In the…