Tag: Rally

Ethereum Price Restarts Increase As Indicators Suggest Rally To $1,950

Ethereum price found support near $1,750 against the US dollar. ETH is again rising and attempting an upside break above the $1,850 resistance. Ethereum remained well-bid above the $1,750 support zone. The price is trading above $1,780 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $1,795 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $1,825 and $1,850 resistance levels. Ethereum Price Could Restart Rally Ethereum started a downside…

Bitcoin Resumes Rally After Brief Hiatus, Here’s What Happened

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Bitcoin saw a brief stall in its rally which triggered a decline back down to $33,700. This decline, seemingly out of nowhere, may have not been random given some developments in the crypto space. As the rally resumes once more, here’s a look at these developments. BlackRock Spot Bitcoin ETF Listing Taken Down The BlackRock Spot Bitcoin ETF was first listed on the Depository Trust and Clearing Corporation’s (DTCC) on Tuesday, triggering the first wave of the Bitcoin rally. However, in the same day, crypto community members noticed that the…

Are Bitcoin Derivatives Behind The Latest Rally? Glassnode Answers

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Since the latest Bitcoin rally started, there has been speculation going on as to whether derivatives fuel the surge. Here’s what Glassnode says. Bitcoin Funding Rates Have Remained Cool Recently In its latest weekly report, the on-chain analytics firm Glassnode has talked about what the derivatives side of the market has looked like while the latest rally in the asset has occurred. First, the report has looked into the open interest of the perpetual swap markets, where “open interest” refers to the total amount of Bitcoin contracts currently open. The…

Massive Ethereum Whale Transfer Threatens To End ETH Rally, Here’s Why

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In a recent development, Ethereum’s latest resurgence (up over 12% in the last seven days) could be threatened by the actions of an Ethereum whale who could potentially end the token’s rally and further cause it to decline.  Ethereum Whale Moves 30,710 ETH In a post shared on the X (formerly Twitter) platform, a crypto-related account with the username ‘EmberCN’ noted that a particular Ethereum whale who had withdrawn a total of 42,311 ETH from the crypto exchange Binance since September 20 had just transferred 30,710 ETH (out of the…

Will Ethereum Rally Continue? These Could Be The Factors To Watch

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The data of two on-chain indicators may be referred to for finding out whether the latest Ethereum rally can go on or not. Ethereum Has Enjoyed A Sharp Rally Of More Than 12% In The Past Week Like the rest of the cryptocurrency market, Ethereum has observed a rally during the past few days. Although the coin’s bullish momentum hasn’t been quite as strong as Bitcoin’s, its weekly gains of 12% are still nonetheless significant. Yesterday, the asset had been carrying even higher profits, as its price had touched above…

Bitcoin (BTC) Price Up 100% This Year; Safe Haven from Debt Spiral, Bond Rout and Geopolitical Tensions Helped Rally

“After 2022 tricked so many into thinking that digital assets are correlated to stocks and bonds, many are left scratching their heads at the ‘new’ old normal,” Jeff Dorman, chief investment officer at Arca pointed out. “A debt spiral leads to a loss of confidence in banks and governments and a repricing of risk-free rates amidst record supply, which is bad for bonds and equity valuation models, but good for alternative forms of wealth and money creation,” he added. Source

Arthur Hayes expects Bitcoin rally amid Middle East escalation

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Arthur Hayes, former CEO of cryptocurrency exchange BitMEX, believes that Bitcoin is already hinting at explosive growth in the future. As the United States increasingly invests in two new wars, the risk of escalation around the world grows, Hayes said in the blog. The US Federal Reserve faces ongoing inflation but has paused interest rate hikes, with a so-called bearish strengthening looming for the economy. “The structural hedging needs of banks and the borrowing needs of the US war machine reflexively feed on one another in the US Treasury market.”…

XRP Price Confirms Early Stages Of Bull Market? Data Sheds Light On Recent Rally

Volatility is back in the crypto market as the XRP price and the price of other major cryptocurrencies trend to the upside and into new year highs. The cryptocurrency is heading towards its next resistance level with a high chance of As of this writing, the XRP price trades at $0.57, with a 9% increase in the last 24 hours. The cryptocurrency recorded a 16% spike in the previous seven days and closely followed Bitcoin and Ethereum’s price action, which recorded a 22% and 16% profit over the same period.…

Bitcoin Long-Term Holders Stay Resolute Despite Rally, Supply Hits New ATH

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On-chain data shows the Bitcoin long-term holder supply has set a new all-time high (ATH) despite the rally offering a profitable exit point. Bitcoin Long-Term Holders Haven’t Given In To The Allure Of Profit-Taking Yet In its latest weekly report, the on-chain analytics firm Glassnode has discussed how the BTC long-term holders have reacted to the latest rally in the asset towards the $35,000 level. The “long-term holders” (LTHs) refer to those investors who have held onto their coins since at least 155 days ago. Statistically, the longer a holder…