Tag: Rally

‘Santa Rally’ Could Lift Bitcoin (BTC) Prices to $56K by Year-End, Matrixport Says

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“If bitcoin is up at least +100% by this time of the year, then there is a +71% chance or five in seven that bitcoin would finish the year higher with average year-end rallies of +65%,” Markus Thielen, head of research and strategy at Matrixport, said in a note to clients on Thursday. “As bitcoin tends to reach its peak by December 18th, we could call the six to seven weeks from early November to mid-December Bitcoin’s Santa Claus Rally.” Original

Altcoin market rises amid Bitcoin rally and U.S. interest rates

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Cryptocurrency prices reacted positively to the Federal Reserve’s latest decision on interest rates on Nov. 1. Defi tokens like AAVE and Uniswap (UNI) led the way, rising over 20% in a moment. AAVE rose to $98.13 and Uniswap’s UNI rose to $4.80. These tokens are thriving due to the overall significance of the cryptocurrency rally. In the case of Uniswap, the rally means demand for cryptocurrencies will increase as investors try to follow the crowd. In the stock market, it was already seen Coinbase’s share price skyrocketed this week. When…

Ripple Transfers 800M XRP Back To Escrow: Catalyst For Rally?

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Recent financial maneuvers by Ripple Labs have caught the eye of crypto sleuths again. Recent data from crypto data analysis platform Whale Alert has shown a significant movement of 800 million XRP tokens back into Ripple’s established escrow system. This move comes in the aftermath of Ripple’s customary monthly unlocking of one billion XRP, a practice that started in 2017 as part of the company’s strategy to maintain XRP price stability. Ripple Returns 800 Million XRP To Escrow The essence of Ripple’s escrow mechanism is to facilitate a consistent and…

Spot ETF-induced Bitcoin rally isn’t guaranteed to stick: Analysts

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While the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) will likely spike the price of Bitcoin, some analysts are concerned it won’t be enough to fully thaw the markets from its winter chill.  On Oct. 24 Bitcoin staged its largest single day rally in over a year, surging more than 14% on the news that the ticker of BlackRock’s spot Bitcoin ETF — IBTC — had been listed on the Depository Trust & Clearing Corporation (DTCC) website, something markets understood as a positive step forward for the funds’…

Ethereum Bulls Keeps Pushing, Why Rally Could Soon Reach $2,000

Ethereum price popped above the $1,850 resistance against the US dollar. ETH is showing positive signs and might soon climb toward the $2,000 resistance. Ethereum is slowly moving higher above the $1,850 resistance zone. The price is trading above $1,820 and the 100-hourly Simple Moving Average. There was a break above a key declining channel with resistance near $1,818 on the hourly chart of ETH/USD (data feed via Kraken). The pair is signaling bullish signs and a possible move toward the $2,000 resistance. Ethereum Price Aims Higher Ethereum formed a…

Bitcoin Price Resumes Rally, Another 5% Increase On The Cards?

Bitcoin price cleared the key $35,000 resistance. BTC is showing positive signs and might rally toward the $36,200 and $37,000 levels in the near term. Bitcoin is gaining pace above the $35,000 resistance. The price is trading above $35,000 and the 100 hourly Simple moving average. There was a break above a rising channel with resistance at $34,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is showing positive signs and might rise toward the $37,000 resistance in the near term. Bitcoin Price Breaks…

XRP Price Rally Threatened As Ripple Unlocks 1 Billion Tokens

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The XRP price rallied as recent reports from leading on-chain crypto tracker Whale Alert have revealed that Ripple Labs, the blockchain-based payment firm, has unlocked another 1 billion XRP as part of its monthly token unlock program. Origin Of Ripple Customary 1 Billion XRP Routine Today, the firm has unlocked yet another 1 billion tokens, performed in three separate transactions. Crypto tracker Whale Alert took to X (formerly Twitter) to share the alert with the crypto community, as each whale transaction was made one after the other. Related Reading: Ripples…

Thorchain Beats Rivals In Top 100 Coin Rankings With 34% Rally

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Over the past week, the market has exhibited a pattern of lateral movement, particularly noticeable in the top cryptocurrencies which have shown a downtrend in their pricing. Notably, THORChain has emerged as the standout performer, demonstrating significant strength by surging over 5% in value within the last day, and an impressive 34% increase over the course of the week. RUNE Soars Over 270%: A Thrilling Journey Of Value Surge Recently, the RUNE token on THORChain has seen a tremendous ascent. It started off on a fantastic trajectory, rising from a…

XRP Price Prediction – A Strengthening Case For Rally Above $0.62

XRP price is correcting gains from the $0.620 resistance against the US Dollar. The price might test the $0.5760 support, where the bulls could take a stand. XRP started a strong increase above the $0.580 resistance. The price is now trading above $0.585 and the 100 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.5760 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might correct further lower, but the bulls could remain active near $0.5760. XRP…