Bitcoin’s price is trading at $118,400, with a market capitalization of $2.35 trillion and a 24-hour trading volume of $45.32 billion. The intraday range has been between $118,252 and $120,693, signaling a day of relatively contained volatility despite recent swings in momentum. Bitcoin On the daily chart, bitcoin continues to display a bullish macro structure, […] Original
Key takeaways: XRP (XRP) has rallied by over 550% since November to over $3 on Tuesday. The cryptocurrency’s sharp gains have prompted technical analyst Gert van Lagen to predict a broader uptrend toward $34 this bull cycle. XRP/USD daily price chart. Source: TradingView Is it realistic for XRP to hit $30 and higher levels? Let’s take a closer look. XRP’s double bottom hints at 10x gains XRP has broken out of a seven-year double-bottom structure after rising above its neckline near $1.80, according to Van Lagen. The cryptocurrency then pulled…
Ethereum’s price trajectory has taken on a decisively bullish tone with its movement in the past 24 hours. Now, technical patterns are pointing to the possibility of a rally that would not only push it past its current all-time high of $4,878, but also carry it to as high as $8,500. A recent analysis by TradingView analyst melikatrader94 points to the formation of a Right-Angle Broadening Formation (RABF) on the daily candlestick chart, a rare but powerful continuation setup that has been in play since March 2024. The Mechanics Of…
Key Notes XRP whale activity remains strong, with 900 million XRP accumulated recently. Analysts still see potential upside if key support and resistance levels hold, with long-term targets as high as $12.60. Canary Capital CEO Steven McClurg predicts XRP ETFs could outperform Ethereum ETFs due to the yield structure. Following the rejection at $3.5 last week, XRP XRP $3.13 24h volatility: 4.7% Market cap: $185.93 B Vol. 24h: $7.86 B price has come under strong selling pressure, correcting another 4% today, and now trading at $3.14. Furthermore, with BlackRock rejecting…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Blockchain Backer Newsletter – Blockchain Backer’s Technical Analysis Toolkit for Crypto – Blockchain Backer 702 Digital Art NFT Collection on XRP – Hi, I am the Blockchain Backer, bringing you the latest cryptocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts. DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The…
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…
Bitcoin price is correcting gains from the $122,250 zone. BTC is now consolidating and might aim for a move toward the $120,500 resistance zone. Bitcoin started a fresh increase above the $118,500 zone. The price is trading above $118,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $119,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $120,500 resistance zone. Bitcoin Price Aims Fresh Increase…
The crypto market kicked off the week with bullish momentum as LayerZero Foundation revealed a $110 million proposal to acquire the Stargate cross-chain bridge. This sparked a sharp rally in both LayerZero’s ZRO token and Stargate’s STG token, which surged 26% and 20% respectively in the past 24 hours. Related Reading The proposal, posted on Stargate DAO’s forum, seeks to dissolve the Stargate DAO and phase out the STG token. In its place, holders would swap each STG for 0.08634 ZRO through a fixed-rate redemption contract. This shift would make…
Key Notes Heritage Distilling became the first Nasdaq company to use IP tokens as primary reserve asset with $360M allocation. The deal includes $82M in open market purchases and $120M direct acquisition from Story Foundation at $3.40 per token. Technical analysis shows IP consolidating between $5.90-$6.94 support levels despite positive corporate adoption news. Story Protocol IP $6.21 24h volatility: 11.1% Market cap: $1.84 B Vol. 24h: $113.63 M tumbled 7.7% to $6.35 on Monday, August 11, despite positive sentiment within the broader market that saw the likes of Ethereum, Solana…