Tag: Rally

Bitcoin Bulls Eyeing $31,000 In Near-Term Rally

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Bitcoin (BTC), the dominant cryptocurrency, is experiencing a resurgence as recent developments in technical indicators and on-chain fundamentals instill renewed optimism among investors.ย  Capriole Invest, a prominent investment firm, has unveiled its Bitcoin Macro Index. This comprehensive machine learning model combines 40 influential on-chain, macro market, and equity metrics, providing valuable insights into Bitcoinโ€™s fundamentals and shedding light on its potential future trajectory. Bitcoin Fundamentals Signal Renewed Optimism According to Caprioleโ€™s latest report, Bitcoinโ€™s low timeframe technicals have continued to conform to the Wyckoff schematic over the past weeks, with…

Stellar To Release Protocol 20 Testnet Upgrade, Will XLM Rally?

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On September 20, Stellar, a blockchain platform designed to facilitate fast and low-cost cross-border transactions using its native currency, XLM, will release the testnet upgrade of Protocol 20. With this launch, the protocol prepares for the eventual mainnet activation of the Soroban smart contracts platform. Stellar Prepares For Protocol 20 And Smart Contracts According to aย documentย on September 18, the testnet upgrade aims to release candidate versions of Stellar Core and Horizon. Stellar is a blockchain network and relies on a network of nodes for transaction validation and to ensure the…

Bitcoin Rally Driven By Coinbase Users? Premium Would Say So

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The Bitcoin Coinbase Premium Gap has been positive during the past few days, implying the surge above $27,000 may be driven by the platformโ€™s users. Coinbase Users Have Been Participating In Aggressive Bitcoin Buying Recently In a new post on X, the CryptoQuant Netherlands community manager, Maartunn, has pointed out how there appears to have been buying going on at Coinbase recently. The relevant indicator here is the โ€œCoinbase Premium Gap,โ€ which keeps track of the difference between the Bitcoin prices listed on the cryptocurrency exchanges Coinbase and Binance. The…

XEC Token Spikes 15% In The Last Week, Can It Sustain Rally?

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XEC has continued its uptrend today, September 19, following a sharp spike from $0.000022 to a high of $0.000028 on September 18. This price move represents a nearly 23% increase. Although thereโ€™s been a slight pullback, its price remains around $0.000027. In the early hours of today, XEC traded at $0.000027, with a 15% 24-hour price increase.ย  But as of the time of writing, XEC traded at $0.000026, with a 4% decline in the last 24 hours. Nonetheless, its trading volume remains up by 311% in the last 24 hours,…

Toncoin Leads Massive Rally among Top Ten Crypto after Telegram Endorsement

As part of this partnership, Telegram will use the TON as the chosen blockchain for expanding its Web3 infrastructure. Toncoin (TON), the native cryptocurrency of The Open Network, has emerged as the top-performing crypto among the top ten digital assets by market cap. The massive TON price surge comes amid the new partnership between the TON blockchain and Telegram. As of press time, Toncoin (TON) is trading 3.46% up at a price of $2.43 and a market cap of $8.35 billion. Over the last week, the TON price is up…

Bitcoin Rally Sustainable? On-Chain Data Provides Crucial Insights

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Bitcoin has been trending up since hitting a local low below $25,000 on September 11th. Yesterdayโ€™s rally to $27,435 marked a 10% increase from the recent low. As NewsBTC reported, the rally was largely led by the futures market and a massive increase in open interest of over $1 billion, more than half of which was flushed out when BTC fell back below $27,000. Despite this, BTC is up around 7.5% from last weekโ€™s low. A reason to be bullish? Glassnode Report Sheds Light On Market Sentiment According to Glassnode,…

XRP Price Prediction โ€“ Will It Break Through This Key Resistance and Rally?

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Rippleโ€™s token price is rising above $0.50 against the US Dollar. XRP price could start a fresh rally if it clears the $0.515 and $0.525 resistance levels. Rippleโ€™s token price is attempting a move above $0.515 and $0.525 against the US dollar. The price is now trading above $0.500 and the 100 simple moving average (4 hours). There is a connecting bullish trend line forming with support near $0.500 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might gain bullish momentum if there is…

Toncoin Shatters Bearish Predictions With 40% Rally

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Toncoin (TON), in a surprising turn of events amidst a bearish market, has witnessed an extraordinary surge in its price value over the last seven days. Market indicators and metrics have overwhelmingly favored TON, painting a bullish picture for the cryptocurrency.ย  This unexpected rally was ignited by the breaking news of a partnership involving the renowned messaging app Telegram, further solidifying TONโ€™s position as a preferred blockchain for Web3 infrastructure. Endorsement Of Toncoin Fuels Bullish Momentum The catalyst behind TONโ€™s remarkable surge was the official endorsement of the TON network…

XRP Price Prediction โ€“ Key Reasons Why Bulls Could Aim Rally To $0.60

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Rippleโ€™s token price is recovering higher from $0.458 against the US Dollar. XRP price could start a fresh rally if it clears the $0.505 and $0.515 resistance levels. Rippleโ€™s token price is attempting a move above $0.510 and $0.525 against the US dollar. The price is now trading below $0.505 and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $0.4840 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might gain bullish momentum…