Tag: Rally

Rally Could Soon Extend To $0.85

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XRP price started a fresh rally above the $0.6400 resistance. The bulls are now active above $0.680 and might aim for a move toward $0.800 or even $0.850. XRP started a fresh increase above the $0.640 resistance level. The price is now trading above $0.670 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.660 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh rally if there is a close above…

Ethereum price rally at risk amid $900M Profit-taking spree

Ethereum price grazed $4,100 territory in the early hours of March 12, but a profit-taking wave observed among long-term holders threatens to scuttle the rally.  After a blistering 73% rally over the last 30-days, Ethereum price rally has hit a brick wall at $4,100 mark. Can the bulls regroup for another brazen attempt at the $4,500 milestone or will ETH price surrender the $4,000 support.  Long-term investors traded 167,500 ETH within the last 24 hours Unlike Bitcoin (BTC), which has entered the price discovery phase, Ethereum is still about 22%…

Analyst Predicts 60% Rally In Next 7 Days

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Optimism surrounds Cardano (ADA) despite some recent hiccups. ADA stands resilient, maintaining a positive outlook despite a 5% decrease over the past week. Currently priced at $0.75, ADA demonstrates a robust stance with a 24-hour trading volume of $1.14 billion and a market capitalization of $24 billion. Analyst Points To Promising Weekly Chart Trends Renowned crypto analyst Sssebi is charting an optimistic course for ADA, emphasizing the significance of the weekly chart in understanding the broader context. Nestled above its 200-week moving average, ADA shows promise with significant green candles…

PEPE Whale Makes $8.13M In Profit As Bullish Rally Continues

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Pepe coin (PEPE) has been showing an incredible performance alongside the rest of the crypto market. This weekend, the two biggest cryptocurrencies, Bitcoin and Ether, displayed remarkable price growth. BTC keeps reaching new all-time highs (ATH), and ETH surpassed the $4,000 mark for the first time in two years. Similarly, PEPE joined the party after hitting a new ATH over the weekend, which prompted whales to take profit on their bags. Whale Makes Big Profits After Price Surge After its launch in April of last year, the frog-themed coin shook…

Ripple (XRP) Snaps Losing Streak Against Bitcoin (BTC) Price; Crypto Rally Expands to Litecoin (LTC), AVAX, ADA, DOT

While bitcoin had already broken record highs and some corners of the crypto space such as meme coins and artificial-intelligence (AI) tokens experienced exorbitant gains, XRP had so far been notably absent from the action. When measured against bitcoin, XRP prior to today’s move had slid to a 3-year low, TradingView data shows. Even with this afternoon’s big jump, XRP is now only up 17% year-to-date, substantially underperforming BTC’s 64% advance and the broad-market CoinDesk 20 Index 54% gain. Source

Bitcoin’s rally creating millionaire wallets each day 

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Bitcoin’s recent all-time high is reportedly generating approximately 1,500 ‘millionaire wallets’ each day. The public nature of Bitcoin’s network allows for visibility into the number of tokens each wallet holds. However, the anonymity of these addresses makes it challenging to identify whether individuals or organizations own them. This year, the original digital currency has climbed by about 70%, driven by enthusiasm for the newly approved Bitcoin ETFs that began trading in January. Despite this impressive growth, the rate of millionaire wallet creation is not as high as in the 2021…

Bernstein Is ‘Now More Convinced’ About Bitcoin (BTC) Hitting $150K After Massive Rally

“We believe bitcoin miners are still largely retail-traded stocks and institutions have largely stayed away from bitcoin proxies, as traditional investors remain skeptical and still approach crypto with a rear-view bias,” analysts Gautam Chhugani and Mahika Sapra wrote. “With bitcoin climbing new highs of $71K, we expect institutional interest in bitcoin equities to finally tip over, and bitcoin miners to be the largest beneficiaries,” the analysts said, adding that the long bitcoin miners trade requires “more patience.” The rising bitcoin price and transaction fees will provide a cushion for the…

BlackRock’s Bitcoin ETF hits $10b amidst crypto rally

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BlackRock, the world’s largest asset manager, saw its Bitcoin ETF (exchange-traded fund) reach $10 billion in assets under management (AUM) quicker than any other ETF in U.S. history. This milestone has been driven by an ongoing rally in the price of Bitcoin (BTC), the world’s flagship cryptocurrency. BlackRock’s BTC ETF hits new milestone  This milestone, driven by a surge in Bitcoin prices, highlights the increasing interest and adoption of digital assets within traditional investment circles. Launched in January, IBIT has swiftly gained traction among investors seeking exposure to Bitcoin.  IBIT’s…

Cardano Sparks Optimism As Analyst Predicts A Bullish Rally To $3

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Breaking through resistance levels, Cardano (ADA) has exhibited remarkable resilience in its recent price surge. Over the past month, the altcoin has demonstrated an impressive 40% increase, indicative of growing investor confidence. This positive trajectory is further highlighted by a steady 2% gain in the past week, emphasizing Cardano’s potential for sustained growth. Bullish Momentum Signals: Analyst Projects ADA To Reach $3 Crypto enthusiasts are turning their attention to Cardano as it approaches a crucial resistance level. Notably, Sssebi, a prominent crypto analyst, is optimistic about ADA’s future trajectory. Drawing…