Tag: Rally

Ethereum Rally Loses Steam, Why ETH Could Revisit Resistance Turned Support

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Ethereum price rallied above the $1,700 resistance against the US Dollar. ETH struggled near $1,750 and is currently correcting gains. Ethereum gained momentum above the $1,660 and $1,670 levels. The price is trading above $1,700 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $1,650 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now correcting gains from the $1,750 resistance. Ethereum Price Rally Stalls Ethereum’s price was able to start a decent increase from the…

Bitcoin Price Starts Correction Post Rally, Why Dips Could Be Attractive

Bitcoin price rallied above $26,500 and $27,000. BTC tested the $28,000 resistance zone and is currently correcting lower toward $27,000. Bitcoin jumped and cleared the $26,500 resistance zone. The price is trading above $26,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance near $26,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is correcting gains, but it might find bids near $27,000 or $26,700. Bitcoin Price Regains Strength Bitcoin price started a decent…

Grayscale’s Win Breathes Life Into Litecoin, Post-Halving Rally On?

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In a refreshing ruling on August 29, the United States District of Columbia Court of Appeals said the stringent Securities and Exchange Commission (SEC) was, after all, wrong in denying Grayscale to convert their over-the-counter (OTC) Bitcoin Trust (GBTC) into a Bitcoin spot exchange-traded fund (ETF).  The regulator had previously barred the conversion of the GBTC to an ETF, citing an alleged absence of measures to prevent price manipulation, forcing Grayscale to sue. Before this ruling, the presiding judge said SEC needed to elaborate on why they denied Grayscale’s application. Litecoin…

Grayscale’s Bitcoin ETF triumphs over SEC, fueling crypto market rally

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Grayscale secured a pivotal victory against the SEC, paving the way for the U.S.’s first Bitcoin spot ETF and igniting a surge in Bitcoin and other cryptocurrency prices. In a milestone development, Grayscale Investments LLC secured judicial backing for the initiation of a Bitcoin spot exchange-traded fund (ETF) in the United States. A panel of three federal judges in Washington effectively annulled the U.S. Securities and Exchange Commission’s prior decision to prevent the ETF from going…

Why Nvidia 20% Rise Ignited Rally In Crypto AI Tokens

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Crypto tokens with Artificial Intelligence (AI) applications have outperformed other assets as chipmaker Nvidia reached an all-time high. The legacy company’s stock price saw important gains as its bet on the AI sector paid off. As of this writing, crypto market tracker Coingecko data records double-digit gains for AI-based cryptocurrencies. Render (RNDR) and Akash Network performed best in the last 24 hours and the previous week, respectively, with the former recording a 6% profit and a 10% gain. NVDA’s price trends to the upside on the daily chart, leading to…

Julian Assange campaign to hold metaverse political rally against extradition

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The “Don’t Extradite Assange Campaign,” dedicated to gathering support against the extradition of Wikileaks founder Julian Assange to the United States, is launching a virtual political rally in the metaverse. Assange has been confined within Belmarsh Prison in London since April 2019, fighting a court battle against his extradition to the U.S., where he could potentially face up to 175 years in prison on charges of espionage for leaking information about the wrongdoings of the US agencies in Iraq and Afghanistan. Assange founded WikiLeaks, which have been known to publish…

TRX Outperforms Bitcoin and Could Rally To $0.082

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Tron price is rising and trading above $0.0760 against the US Dollar. TRX is outperforming Bitcoin and could rally further toward the $0.0820 resistance. Tron is moving higher from the $0.0720 support zone against the US dollar. The price is trading above $0.0760 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.0762 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could continue to climb higher toward $0.080 and $0.0820. Tron Price Starts Fresh…

DXY Set To Peak, Fueling Potential Bitcoin Rally To $37,000

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The largest cryptocurrency by market cap, Bitcoin (BTC), dropped after a prolonged period of consolidation around the $29,000 mark. The failure to sustain this level has resulted in a decline to $26,000. Interestingly, Bitcoin’s recent reversal has coincided with speculations of an imminent bull run, with many believing that the cryptocurrency winter is over and that lower price levels will not be revisited.  Nonetheless, this sentiment shifted on July 14th when the US Dollar Index (DXY) initiated a robust rally, surging from 99 points to its current level of 103.…

Hedera Rises As Weekend’s Top 50 Sole Gainer With 15% Rally

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Hedera (HBAR), despite the very unpredictable cryptocurrency market, has demonstrated its ability to defy trends by recording more than 14% increase on its price chart, Sunday. Hedera has not only held its place despite the volatile circumstances that frequently affect other digital assets, but has also shown steady resilience. At the time of writing, HBAR emerged as the only crypto in the top 50 ranking with the highest increase in the seven-day timeframe at 15%. Trading at $$0.063, HBAR only sustained a very minor 1.1% loss in the last 24…

THORChain Emits Force With 50% Rally As Top 100 Coins Falter

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Within the dynamic cryptocurrency environment, THORChain (RUNE) has emerged as a notable altcoin, capturing the interest of investors who are actively pursuing methods to augment the diversification of their investment portfolios. In conjunction with the established entities such as Bitcoin and Ethereum, the cryptocurrency market has experienced significant growth with a diverse range of alternative coins, each presenting unique attributes and prospective prospects. Altcoins, which comprise a diverse array of technological advancements, application cases, and governance frameworks, provide investors a wide range of options to consider. THORChain Emits Force In…