Tag: Rally

Bitcoin 2023 Price Rally Is Proof Crypto Would Revisit All-Time High Early Next Year

CryptoQuant’s Business Development executive Benjamin Brannan exposited on the Bitcoin’s ‘favorable’ price optics in 2023.  Crypto trading data analyzer CryptoQuant recently weighed in on Bitcoin’s (BTC) price potential and appeal in 2023. In a media session, representatives from the crypto trading analyzer opined that more institutions could shore up on BTC later this year. The decentralized data provider’s reps also forecasted the prominent token returning to its previous record high by early 2024. CryptoQuant Says Bitcoin 2023 Price Trajectory Is Up In an interview with CryptoPotato, CryptoQuant Head of BD…

Bitcoin mining stocks rally as network congestion stirs hopes for higher fees ahead

boss

Bitcoin’s price action has been relatively tame lately, but bitcoin-related stocks are on the rise this week as miners benefit from recent congestion on the network. That congestion was driven primarily by sudden activity in NFT-like assets, or “Ordinals,” on the Bitcoin blockchain. As a result of the congestion, Binance over the weekend briefly paused user withdrawals twice, which helped push the price of bitcoin down 7% over two days. As that played out, however, the network experienced a record high of more than 465,000 transactions awaiting confirmation in Bitcoin’s…

Bitcoin could rally 30% in the next month, says Canaccord Genuity

boss

Crypto prices were a little sleepy to kick off the first week of May, but investors remain confident in its long-term up trend, and charts show there could be another short-term crypto rally underway, according to Canaccord Genuity. Bitcoin is on pace to end the week up less than 1%, according to Coin Metrics. Meanwhile, ether is looking to notch a 4% gain on the week, thanks in part to its meme-driven rally Friday . Bitcoin and ether ended April higher by 3.3% and 4.3%, respectively. However, there could be…

3 signs PEPE token is about to trap bulls after 2,000% price rally

New meme-coin Pepe (PEPE) has entered a sharp correction phase after surging by more than 2,000% since its debut a few weeks ago. On May 3, the PEPE price dropped to $0.00000089, down about 35% from its record high of $0.00000138 established two days ago. As a result of the correction, its market capitalization slipped by nearly $80 million, thus pushing it out of the top-100 top cryptocurrency index.  Pepe price performance since market debut. Source: CoinGecko A mix of technical and fundamental indicators hint at further downside for PEPE price.  Retail…

Bitcoin (BTC) Rally May Stall if Fed Chair Powell Does not Signal End of Tightening, Crypto Observers Say

boss

“As the market is expecting a pause after this hike, we’ll be looking for the sentence on ‘additional policy firming may be appropriate’ to be removed from the statement, replaced by more open-ended language leaving the door open for either more rate hikes or a pause, i.e., data-dependency,” Dick Lo, the founder and CEO of quant-driven crypto trading firm TDX Strategies, told CoinDesk. Original

Bitcoin’s ‘relief rally possibly ends after bullish surge

boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied As of April, bitcoin’s price has remained steady at around $28,000 since March 23rd, marking a significant increase from its starting point of $17,000 at the beginning of the year. Now, crypto traders and investors focus on whether bitcoin’s current price is still on the uptrend or if the relief rally is nearing its end. At the time of writing, bitcoin is sitting at 28,000, a 1.3% decrease in the last 24 hours. BTC to USD…

Bitcoin BTC Price Breaks Its Losing Streak in Late Tuesday Rally

“With First Republic Bank looking like it could go under, I suspect the market is anticipating yet more liquidity injections to prop up what certainly seems to be an American banking sector that is still very much in the throes of crisis,” Jake Boyle, director of Caleb & Brown, a retail crypto brokerage, wrote in an email to CryptoX. “Bitcoin, as a result, is front-running these expectations. Cracks in the financial system are growing, even if relatively subtly at the moment, and it’s going to be incredibly difficult for the…

Bitcoin advocates rally at Texas State Capitol to oppose bill cutting mining incentives

boss

Roughly 100 people answered the call from the crypto advocacy groups Chamber of Digital Commerce, Satoshi Action Fund, and Texas Blockchain Council to show Texas lawmakers they were against legislation targeting crypto mining firms. Gathering at the Texas Capitol in Austin on April 25, crypto enthusiasts, state lawmakers, industry leaders, and even a few members of the Capitol Police met to discuss the possible future of Bitcoin (BTC) mining in the Lone Star State should Senate Bill 1751 move through the legislature. The proposed legislation would amend sections of Texas’…