Tag: Price

BTC Price Compression May End With White House Crypto Report

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Key points:  Bitcoin’s price compression and the Bollinger Bands suggest a range expansion will occur soon.  This week’s early price weakness is likely the result of traders cutting risk ahead of Wednesday’s FOMC and a White House update on its crypto policy and Bitcoin strategic reserve. Bitcoin (BTC) continued to trade within the $117,000 to $120,000 range on Tuesday, and it looks poised for a daily close below $118,000. Some analysts have called for BTC to retest underlying support at $114,000 to $110,000, and while technicals do support such a…

MARA Shares Jump as Q2 Revenue Beats Wall Street’s Expectations Thanks to Surging BTC Price

Bitcoin miner MARA Holdings (MARA) shares jumped nearly 4% in post-market trading after the company posted record revenue for its second quarter, beating Wall Street’s expectations. MARA reported revenue of $238.5 million, a 64% rise from $145.1 million in the same quarter a year ago, according to an earnings presentation. The mining firm said the increase was primarily due to a 50% rise in the average bitcoin price during the quarter. MARA’s revenue also beat the average analyst estimate of $227.9 million, according to the FactSet data. The company mined…

Conflux (CFX) Price Explodes 28% as AxCNH Yuan Stablecoin Pilot Approaches

Key Notes CFX partners with AnchorX and Eastcompeace to launch AxCNH stablecoin for China’s Belt and Road Initiative cross-border payments. Technical analysis shows Bollinger Band breakout with potential targets at $0.30 and $0.34 if support holds above $0.17-$0.18. Trading volume surged 128% intraday as Chinese policy shifts favor regulated private stablecoins over state-controlled CBDCs. Conflux CFX $0.21 24h volatility: 10.6% Market cap: $1.06 B Vol. 24h: $925.45 M emerged among the few altcoins trading in green on Tuesday, posting a 28% rally, pushing its price to around $0.2439 amid fresh…

XRP Dormant Coins On The Move: Reason Behind Price Plunge?

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On-chain data shows old XRP tokens have been moving back into circulation recently, a potential sign that long-term holders have been taking profits. XRP Mean Dollar Invested Age Has Seen A Drop Recently According to data from the on-chain analytics firm Santiment, the XRP network has seen signs of movement from veteran hands. Two key metrics highlight this trend: Mean Dollar Invested Age and Age Consumed. The first of these, the Mean Dollar Invested Age, keeps track of the average age (in days) of every dollar invested into the cryptocurrency.…

Ethereum Price To $20,000? ETH Is Mirroring Bitcoin’s Move From 2021

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The Ethereum price may be setting the stage for a historic breakout, as a new technical analysis suggests that ETH is closely mirroring the Bitcoin (BTC) price action from 2020 to 2021. With Ethereum currently consolidating beneath a long-term downtrend line and approaching critical resistance, a crypto analyst eyes a potential move to $20,000 if the historic pattern continues to play out.  Ethereum Price Mirrors Bitcoin’s Historic 2021 Pattern According to a new analysis by crypto market expert Ted Pillows, Ethereum’s current price structure is beginning to reflect a striking…

Bitcoin Demand Drops Among US Investors—Is a Price Correction Coming?

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

What Will Trigger BTC Price Breakout?

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Key takeaways: Bitcoin must take out resistance at $120,000 to trigger a rally to new all-time highs. Spot volume and trading activity must recover for BTC price to break out. Bitcoin’s rally to its all-time highs near $123,000 appears to be cooling off, but traders believe BTC remains on track with “massive pump incoming” toward higher targets in 2025. Several analysts explain what must happen to increase Bitcoin’s potential to break into price discovery in the following days or weeks. Bitcoin must crack $120,000 resistance Bitcoin (BTC) price has been…

Crypto traders ‘fool themselves’ with price predictions: Peter Brandt

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Crypto traders who think they can make accurately price predictions are delusional, says veteran trader Peter Brandt. “Anyone that looks at the charts and tries to tell you where anything is going is actually just kind of fooling themselves,” the 79-year-old tells Magazine. “There are a lot of people who will argue with me, of course,” Brandt laughs. That’s not what the chart-lovers on X wannahear after years of doodling lines, and parsing reverse Bart Simpsons and Fibonacci spirals, but Brandt says the only real use of a price chart…

Dogecoin Price Today: Whales Buy 130M DOGE in 24 Hours

Key Notes DOGE is down 69% from its all-time high but showing signs of renewed whale accumulation. Technical indicators remain mixed, with DOGE hovering just above a key support zone around $0.22. Breaking and holding above $0.25 is crucial for DOGE to aim for $0.33 and $0.40 targets. Dogecoin DOGE $0.23 24h volatility: 3.1% Market cap: $34.50 B Vol. 24h: $2.34 B , the crypto market’s original meme token, is back in the spotlight after shedding 5.46% in the past 24 hours and crashing over 14% in the past week,…