At press time, bitcoin was holding at $27,300, up 3.1% over the past 24 hours. Coming later this week is a rate-setting meeting for the U.S. Federal Reserve. The central bank is almost universally expected to hold its benchmark fed funds rate steady at 5.25%-5.50%. Source 27KBitcoinBTCHutMARAMinersRallyRetakesRiot CryptoX Portal
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. This unexpected rally was ignited by the breaking news of a partnership involving the renowned messaging app Telegram, further solidifying TON’s position as a preferred blockchain for Web3 infrastructure. Endorsement Of Toncoin Fuels Bullish Momentum The catalyst behind TON’s remarkable surge was the official endorsement of the TON network…
Ripple’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. Ripple’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…
Bitcoin price is holding gains above the $26,200 zone. BTC seems to be forming a base for a fresh increase above $26,850 in the coming sessions. Bitcoin is eyeing a key upside break above the $26,850 level. The price is trading above $26,100 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $26,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair seems to be setting up for a fresh rally above the $26,850 resistance. Bitcoin…
According to Goldman Sachs, the spike in AI stocks is here to stay, and reflects the beginning of a new tech wave, not a bubble. Global investment banking and financial services firm Goldman Sachs (NYSE: GS) has stated that the current explosion in artificial intelligence (AI) adoption is not a bubble. Despite worries that the spike in AI interest and related tech stocks might be weak, Goldman Sachs states that the popularity of these stocks is more of a revolution than a bubble. Some analysts believe the pump in tech stocks from…
Bitcoin price is moving higher above the $26,200 resistance. BTC could gain bullish momentum if there is a daily close above the $26,500 resistance. Bitcoin is showing a few positive signs above the $26,200 level. The price is trading above $26,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support near $26,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh rally if there is a close above $26,500 and then a move…
Bitcoin (BTC) has welcomed another noteworthy decision from the global investment firm Franklin Templeton. With a portfolio spanning various financial instruments, the company is now setting its sights on one of the most sought-after financial products in the digital currency realm: a spot Bitcoin exchange-traded fund (ETF). This development signifies the firm’s progressive stance on digital assets and underscores the increasing mainstream acceptance of cryptocurrencies, particularly Bitcoin. Following the news, BTC has surged 4.2% in the past day, breaking above $26,000, as of this writing. Details Of The Franklin Spot…
Shiba Inu (SHIB) is in a crucial make-or-break moment. Following a market-wide altcoin slump, SHIB’s price action is being shaped by two opposing chart patterns, both of which could have significant implications for the price’s future. A Tale Of Two Patterns For Shiba Inu The 1-week chart for SHIB reveals a tale of two patterns. On one hand, there’s the bullish triple bottom, suggesting a potential end to SHIB’s two-year downtrend. On the other, a descending triangle, which has been in the making for over 13 months, hints at a…
Under the crypto club’s newly enacted rage quit rules, if 20% of Nouns NFTs call for a “fork” they can split from the main group and take their share of the project’s 30,620 ether tokens (worth about $50 million at press time) with them. Each Nouns NFT is worth about 36.5 ETH ($59,600) in book value, giving the current fork a treasury of 7,598 ETH (about $12.4 million). Source
Ethereum price is eyeing an upside break above $1,650 against the US Dollar. ETH could gain bullish momentum if it clears $1,650 and $1,670 in the near term. Ethereum is slowly moving higher above the $1,620 support zone. The price is trading above $1,640 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $1,625 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a close above the $1,650 and $1,670 resistance…