Tag: Rally

2 Years Ago, Bitcoin Hit an All-Time High. Is Another Rally on the Way?

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In other words, despite signs of a thaw, crypto winter may not be over. There’s hope that the months-long deep freeze drove out the riff-raff, while the brightest minds continued to build. And while a “killer app” hasn’t been found, it’s clear enough the industry has a committed user base. But along with the  institutional capital, supposedly waiting on the sidelines to be deployed after a BTC ETF goes live, are likely another wave of speculators and scammers. Original

What’s Behind The Bitcoin Price Rally, New Role As CEO, And Adoption

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A year ago, our team sat down with Paolo Ardoino, CTO at crypto exchange Bitfinex, to talk about the Bitcoin price and the events that, for many, triggered the long crypto winter: the FTX collapse, and the downfall of major companies in the space. Now, we sat down with Ardoino once again to talk about the underlying reasons fueling the current Bitcoin price rally, Bitfinex’s partnership with El Salvador, their ambition for the long term, and his new position as CEO at Tether, the company behind stablecoin USDT. Ardoino draw…

Chainlink’s Institutional Demand Soars amid Massive LINK Price Rally

The Grayscale Chainlink Trust (GLNK) has been trading at 200% premium to the spot price amid the recent LINK price rally. Oracle service provider Chainlink has been in the limelight once again as the LINK price surged to $15 in a phenomenal 98% price surge just over the last 20 days. The recent LINK price rally comes as the institutional demand for the altcoin also skyrockets. The Grayscale Chainlink Trust (GLNK) has witnessed an astounding 200% premium compared to the prevailing LINK market rates, marking a considerable surge of nearly…

ADA Price Prediction – Cardano Could See “Face Ripping” Rally

Cardano (ADA) is gaining pace above the $0.350 resistance. ADA is showing heavy bullish signs and might rally toward $0.400 or even $0.420. ADA price outperformed Bitcoin and rallied above the $0.350 resistance. The price is trading above $0.350 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.3505 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could accelerate higher toward the $0.400 level or even $0.420. Cardano Price Rally Seems Far From Over…

Bitcoin stability and altcoin rally highlight current crypto trends

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K33 Research’s report shows the crypto market exhibits a bullish trend as Bitcoin maintains a steady trading range and altcoins, like Solana, experience significant gains amid new technological developments and market speculation. In recent weeks, the crypto market has shown signs of bullish behavior, with particular attention on the movements of Bitcoin and a variety of altcoins, as detailed in a recent K33 Research report. Stability marks Bitcoin’s current state, as its value oscillates between $34,000 and $36,000. This steadiness, however, has come with a slight reduction in its market…

Why A Rally Will Happen If DOGE Clears $0.076

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An analyst has explained how the next major Dogecoin resistance hurdle would be at $0.084 if the memecoin manages to clear $0.076. Dogecoin Is Currently Sandwiched Between Major Support And Resistance Levels In a new post on X, analyst Ali has discussed what the on-chain support and resistance levels are looking like for Dogecoin right now. A price level is said to be an on-chain support or resistance level on the basis of whether a large number of investors share their cost basis at it or not. “Cost basis” here…

S&P 500 and Nasdaq Record Their Longest Winning Rally Since November 2021

The Dow had the weakest performance among the three major indexes during Tuesday’s session, primarily due to several declining stocks. On Tuesday, November 7, two big Wall Street indices – S&P 500 (INDEXSP: .INX) and Nasdaq Composite (INDEXNASDAQ: .IXIC) – recorded their longest winning streak in nearly two years since November 2021. Notably, the S&P 500 recorded gains for the seventh consecutive day, a feat not seen since its eight-day green zone movement in November 2021. Similarly, the Nasdaq achieved eight consecutive winning days for the first time since the…

Dogecoin Price Prediction – DOGE Rally To $0.085 Seems Imminent

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Dogecoin is showing positive signs above the $0.0720 resistance against the US Dollar. DOGE could rally over 10% if it clears the $0.0765 resistance zone. DOGE started a decent increase above the $0.070 resistance against the US dollar. The price is trading below the $0.0720 level and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.0712 on the 4-hour chart of the DOGE/USD pair (data source from Kraken). The price could start a strong rally like Solana if it clears…

Chainlink Has Massive Resistance Ahead, Will The Rally End Soon?

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On-chain data shows there is major resistance ahead for Chainlink, a sign that could be troubling for the rally’s sustainability. Only 55% Of Chainlink Investors Are In Profit So Far As explained by an analyst in a post on X, Chainlink is still behind Bitcoin in terms of investor profitability despite the LINK price outperforming BTC in the year so far. The below chart shows what the LINK address concentration looks like on the different price ranges that the asset has previously visited: The different on-chain resistance and support levels…

Signs Point To Cardano Rally Ahead

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FOR UPDATE… Cardano (ADA) has been making significant strides in the cryptocurrency market, reclaiming its position at the forefront of the altcoin buzz. The digital currency’s price rally has propelled it to a multi-month high, signaling a collective effort from both retail and whale investors.  At the time of writing, Cardano’s trading volume stands at an impressive $380,929, reflecting a remarkable 24.8% increase overnight. This surge in trading activity serves as a testament to the robust health of the Cardano market, underlining the active participation of all ecosystem stakeholders. Cardano:…