Tag: Rally

US Banks Rally For Updated Crypto Guidelines As Digital Asset Prices Surge

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Amidst a significant surge in cryptocurrency prices, which propelled the total crypto market capitalization to a high of $1.93 trillion on Thursday, influential interest groups are urging the US Securities and Exchange Commission (SEC) to revise accounting guidance that imposes higher costs on US banks for holding digital assets on behalf of their customers. Banking Trade Groups Urge SEC To Revise Crypto Accounting Rules According to a Bloomberg report, a coalition of trade groups, including the Bank Policy Institute, the American Bankers Association, the Securities Industry and Financial Markets Association,…

Bitcoin Rally To $75,000 Predicted By Cup And Handle Breakout

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Matt Dines, the Chief Investment Officer at Build Asset Management, has identified a classical ‘Cup and Handle’ pattern in the Bitcoin (BTC) price chart, which he believes could signal an impending rally to $75,000. This technical formation is often considered a strong bullish signal and is closely watched by market analysts and traders. Bitcoin Price Validates Cup And Handle Pattern The ‘Cup’ part of the pattern, resembling a bowl or rounding bottom, began forming in March 2022 when the price plunged below $48,000 and entered one of the longest Bitcoin…

Dogecoin Poised For Bullish Breakout, 30% Rally Predicted?

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Dogecoin (DOGE) enthusiasts and holders have had a glimmer of optimism to hold on to, as the meme token is currently posting gains of about 4.35% in the past seven days amidst inflows into the crypto market. This recent price action prompted an analysis from crypto analyst Captain Faibik, who predicts a 30% surge for DOGE.  According to the analyst, the price of DOGE is on the verge of breaking out of a symmetrical triangle, putting the crypto back on track to climbing above the $0.1 price level again. Technical…

A Fresh Rally Is Around The Corner?

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XRP price is consolidating below the $0.538 resistance. The price could start a fresh rally if it clears the $0.5380 and $0.5500 resistance levels. XRP is struggling to clear the $0.5350 and $0.5380 resistance levels. The price is now trading above $0.520 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $0.5170 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh rally if it clears the $0.5380 and $0.5500 resistance levels.…

Ethereum Price Close Above $2,700 Could Spark Larger Degree Rally

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Ethereum price is consolidating gains above the $2,575 support. ETH could start a major rally if there is a close above the $2,700 resistance. Ethereum is consolidating gains above the $2,575 support zone. The price is trading above $2,620 and the 100-hourly Simple Moving Average. There is a short-term breakout pattern forming with resistance at $2,640 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,575 support zone. Ethereum Price Eyes Another Increase Ethereum price gained pace…

Skybridge Founder Says It’s Not Too Late to Buy Bitcoin — Foresees ‘Face-Ripping Rally Incoming’

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Skybridge Capital founder Anthony Scaramucci has explained that it is not too late to buy bitcoin. With bitcoin’s price surging past $50,000, he anticipates that many are wondering if they’ve missed the opportunity to buy the crypto. Scaramucci stressed that his answer is a hard “no.” Anthony Scaramucci: Bitcoin Is Still a Good Buy Skybridge […] Original

Here’s How This Whale Is Taking Advantage Of The ETH Rally

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In recent weeks, Ethereum has witnessed a noticeable uptick in its market price, reaching a one-month high and showcasing a growing demand for the asset. Amid this development, the on-chain analytics platform Lookonchain revealed an Ethereum whale’s noteworthy strategy, marking a bold stance on Ethereum’s future trajectory. Strategic Accumulation Amid Rising Prices According to Loookonchain, an unknown whale has been actively increasing their Ethereum holdings, utilizing the Spark platform’s revolving loan feature. Spark platform is a decentralized finance (DeFi) product that enables users to borrow stablecoins like USDC or DAI…

These Dogecoin Whale Transaction Stats Spell Trouble Despite Ongoing Crypto Rally

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Dogecoin’s current metrics point to a confused path as the broader crypto market rallies after Bitcoin crossed the $50,000 level. Dogecoin has been posting some gains along with the rest of the crypto market, but behind the scenes, the meme coin’s transaction volume and whale transaction count have been discouraging.  According to on-chain data first shared on social media platform X by crypto analyst Ali Martinez, Dogecoin has experienced a low transaction volume in the past few days, fueled by a drop in trading activity from large traders.  Dogecoin’s Transaction…

SOL Price Surges To $115 – Why Solana Could Rally Another 10%

Solana is gaining bullish momentum above $110. SOL price is surging, and the bulls could soon aim for a move above the $120 level. SOL price started a fresh increase from the $95.00 support against the US Dollar. The price is now trading above $105 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $109.20 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could continue to rally if it clears the $115 and $118…

Signs Point to Fresh BCH Rally Ahead

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Bitcoin Cash price rallied over 15% and broke the $275 resistance. BCH is now facing strong resistance near the $282 zone. Bitcoin cash price started a fresh surge above the $250 resistance. The price is trading above $265 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $258 on the 4-hour chart of the BCH/USD pair (data feed from Kraken). The pair could continue to move up if it clears the $282 resistance zone. Bitcoin Cash Price Rallies Above $270…