Tag: Rally

Bitcoin Breaks Through $65,000, Is “Uptober” Rally Just Getting Started?

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Este artículo también está disponible en español. Bitcoin (BTC) has surged past the $65,000 mark, renewing traders’ optimism for an “Uptober” rally that could extend the digital asset’s bullish momentum. Is The Bitcoin “Uptober” Rally Finally Here? In the early hours of October 15, Bitcoin briefly crossed $66,000 before retracing to $65,964 at the time of writing. Over the past 24 hours, BTC has gained 1.4%. According to a report by crypto exchange Bitfinex, Bitcoin’s decisive move past the crucial $63,000 resistance level, combined with encouraging on-chain metrics, points toward…

Litecoin (LTC) Jumps 10%: Can the Bulls Fuel a Bigger Rally?

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Litecoin price is gaining pace above the $70.00 level against the US Dollar. LTC could continue to rise if it clears the $72.80 resistance zone. Litecoin is showing positive signs from the $65 support zone against the US Dollar. The price is now trading above $70 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $68.00 on the hourly chart of the LTC/USD pair (data feed from Kraken). The price is up over 10% and might continue to rise if it clears…

Ethereum Bulls Set Sights on $3K: Is a Rally Coming?

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Este artículo también está disponible en español. Ethereum price started a fresh increase above the $2,550 resistance. ETH is gaining pace and might soon clear the $2,650 resistance. Ethereum started a fresh increase above the $2,520 and $2,550 resistance levels. The price is trading above $2,580 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,535 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rally if it clears the $2,650 and $2,680 resistance levels. Ethereum…

Analysts Link Bitcoin Rally to Trump’s Election Odds – Microstrategy Gains Set Stage for a Breakout

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Analysts at global research and brokerage firm Bernstein say bitcoin’s surge is fueled by Donald Trump’s rising chances in the 2024 election. They point to Microstrategy’s stock, soaring 191% this year, as a key signal of a looming market breakout. With Trump leading in key swing states, his election odds are igniting a stronger crypto […] Original

Bitcoin Surge Looms as US Election Nears — Standard Chartered Predicts BTC Rally to $73,800

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Banking giant Standard Chartered is predicting a sharp rise in bitcoin’s value, with forecasts suggesting it could approach its all-time high of $73,800 as the U.S. presidential election nears. Rising Treasury yields, growing interest in bitcoin ETFs, and Trump’s improving election odds are key factors driving this potential rally, supported by increasing institutional inflows and […] Original

Bitcoin Cash up 12% in 24 hours, analysts expect the rally to continue

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BCH was up over 12% on Oct. 15, ranking as the leading gainer in the market with analysts expecting more gains pointing to several bullish patterns emerging on the BCH chart. Bitcoin Cash (BCH) surged by 12.9% over the last 24 hours and was exchanging hands at $368 at press time. The crypto asset’s daily trading volume was hovering around $7.26 billion, per data from crypto.news. Bitcoin Cash, created in 2017 as a hard fork of Bitcoin to address scalability challenges, has historically followed in the footsteps of its predecessor.…

Bitcoin rally prompts Metaplanet to stock up, bringing holdings to $56m

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Japanese investment firm Metaplanet continues to boost its Bitcoin holdings by purchasing 106.97 BTC ($6.9 million) amidst the ongoing Bitcoin rally. The hotel operator turned investment firm announced in an Oct. 15 notice that it has purchased an additional ¥1 billion or equal to $6.9 million worth of Bitcoin(BTC). Metaplanet’s latest BTC purchase brings their total crypto holdings to 855.48 BTC or $56 million. On the day of purchase, Bitcoin soared by 2.06%, crossing the $65,000 threshold. This is the first time Bitcoin has reached that level since Sept. 30,…

Bitcoin Open Interest Hits Record $19.8 Billion—Is The $100K Rally About to Begin?

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The Bitcoin price is rising, reaching as high as $66,173 today; the asset appears to have hit a milestone behind the scenes. According to a CryptoQuant analyst, EgyHash, Bitcoin’s open interest—a measure of the total number of outstanding derivative contracts—has reached a new all-time high. This development signals heightened activity in the Bitcoin market and suggests strong sentiment among traders. Detailing The Open Interest ATH In a post on the CryptoQuant QuickTake platform, EgyHash detailed the significance of this new peak in Bitcoin’s open interest. The analyst noted, “Bitcoin’s open…

Ethereum Price Surges: Can the Rally Sustain?

Este artículo también está disponible en español. Ethereum price started a fresh increase above the $2,500 resistance. ETH is up over 5% and might continue to rise if it clears the $2,650 resistance. Ethereum started a fresh increase above the $2,500 and $2,550 resistance levels. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,52 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rally if it clears the $2,620…

Can the Rally Push On?

Este artículo también está disponible en español. Bitcoin price started a fresh rally above the $64,500 resistance zone. BTC is now consolidating and might struggle to surpass the $66,400 resistance. Bitcoin is up over 5% and now faces hurdles near the $66,400 zone. The price is trading above $64,500 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with support at $65,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further if there is a close…