Tag: Rally

Bitcoin’s Rally to $35,200 Fueled by Optimism for Spot ETFs and Upcoming Halving Event – Blockchain News, Opinion, TV and Jobs

Bitcoin (BTC) experienced a remarkable surge last night, briefly hitting $35,200. This surge can be attributed to several compelling factors. Among these factors are the eagerly anticipated halving event and the growing confidence among investors regarding the approval of BTC Spot ETFs. This surge not only marks a significant price movement but also underscores Bitcoin’s current momentum relative to the broader digital asset market. The cryptocurrency market is no stranger to volatility, but Bitcoin’s recent ascent to $35,200 has captured the attention of investors and enthusiasts alike. Matteo Greco, a…

Bitcoin ready for new rally as 80% of supply is in profit

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While long-term investors appear unaffected by the surge, the rally sets the foundation for a ‘resumption of the 2023 uptrend,’ analysts say Bitcoin (BTC) volatility explosion on Oct. 24 has set the market ready for a new rally as a “meaningful proportion of supply and investors now find themselves above the average break-even price,” Glassnode says. In a research report on Oct. 24, analysts at the blockchain analytics firm noted that over 80% of Bitcoin supply is now in profit as the market is approaching year-to-date highs. Bitcoin supply in…

Cardano Passes Crucial Update As ADA Price Preps For 65% Rally

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The Cardano ecosystem is ringing in significant transformations with the Cardano Foundation’s announcement of a pivotal modification to its staking parameters. After a stake pool operator (SPO) poll and thorough deliberations by the Parameters Committee, the foundation decided to update the network to enhance both its competitiveness and user experience. The Cardando Foundation stated via X (formerly Twitter): “As a result of the Stake Pool Operator [SPO]-Poll and a subsequent evaluation by the Parameters Committee, the Cardano Foundation has successfully submitted a transaction on the Cardano mainnet to lower the…

Experts Reveal Drivers of Bitcoin’s Rally and Potential BTC Price Targets

Bitcoin (BTC) has established strong support between $25,000 and $30,000. Take a look at the next key resistance. The price of Bitcoin has been steadily rising since October 13, following its inability to break the support level of around $26,000. Since then, it has continued to climb, reaching $35,000 earlier today, a level not seen since May 2022. The move from the support level to $35,000 represents a price increase of over 30% in just two weeks. The BTC rise has boosted the hopes of many investors, with some believing…

XRP Near 12% Rally Strengthens Case For $0.55 Breakout

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XRP  is currently experiencing strong short-term bullish momentum and market sentiment. However, the cryptocurrency faces a formidable hurdle at the $0.55 resistance level, a barrier that has thwarted multiple attempts at a substantial recovery over the past couple of months. The question on everyone’s mind: can XRP overcome this crucial obstacle? In recent months, the XRP price has exhibited a sideways trend, primarily oscillating between the horizontal levels of $0.55 and $0.458. While the daily chart reveals significant price fluctuations, traders have struggled to make any substantial progress in either…

Bitcoin Price Rally To $35,000 Could Be The Start The Bulls Needed

Bitcoin price is up over 15% and trading near the $35,000 resistance. BTC could correct in the short term before it starts another increase. Bitcoin started a strong increase after there was speculation of spot ETF being listed DTCC. The price is trading above $34,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support near $32,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct in the short term before it resumes its increase. Bitcoin…

Serial Entrepreneur Robert Kiyosaki Predicts Bitcoin Price Rally to $135K Fueled by Fiat Inflation

The author of Rich Dad Poor Dad expects the prices of Bitcoin (BTC), Gold, and Silver to rally in the near future as every government around the world prints more money pushing inflation to a multi-year high. Popular entrepreneur and financial educator Robert Kiyosaki issued a prediction for Bitcoin (BTC), and top precious metals amid heightened volatility in the crypto space. According to Kiyosaki, Bitcoin price is well positioned to rally towards $135,000 in the near term. His BTC price prediction follows a recent rally induced by a fake update…

Analyst Predicts Bullish Bitcoin Price Rally To $41,000, Here’s When

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The Bitcoin price went over $30,000 over the weekend to reach its highest point since mid-July. As part of this recent rally, crypto trader Carl From The Moon has shared his Bitcoin analysis, predicting the cryptocurrency is poised for a massive 37% rally that could send the price up to $41,000. Analyst Carl From The Moon Predicts Bitcoin Price Rally Bitcoin has been subject to many price predictions in recent months, particularly as the industry awaits the approval of applications for a spot Bitcoin ETF. Subsequently, Carl Runefelt, also known…

Can Solana Sustain Its Recent Rally? What Traders Should Know

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Solana (SOL) has been making waves in the cryptocurrency market with an impressive price performance since the beginning of 2023. The digital currency has recorded a staggering 195% increase in its value during this period, leaving traders and investors eager to know whether this rally can be sustained in the months to come. From its humble beginnings at $9.97, the price of SOL has rapidly ascended to nearly $30 in the span of just 10 months. At the time of writing, SOL is valued at $30.72 at CoinGecko, boasting impressive…