Tag: Rally

Presidential hopefuls RFK Jr. and DeSantis rally against FedNow

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Presidential hopefuls Robert F. Kennedy Jr. (RFK Jr.) and Ron DeSantis are rallying against the Federal Reserve’s FedNow payments system claiming it would pave the way for a Central Bank Digital Currency (CBDC). In an April 11 Twitter thread, Democrat RFK Jr. — the nephew of former president John F. Kennedy Jr. — once again sounded the alarm bells over CBDCs describing them as the “ultimate mechanisms for social surveillance and control” as he questioned the Fed’s claims that FedNow won’t be used to facilitate a CBDC: “The claim that…

dogecoin and digitoads rally continues

Meme coins can offer a bright spot in crypto as they often appeal to a broader audience. In addition, their volatility has always attracted people wanting to benefit from price movement. As it currently stands, this trend can continue with dogecoin and digitoads prices remaining volatile. DigiToads P2E and staking opportunities DigiToads is a meme coin that can redefine the sector by introducing utility and use cases, essential to the burgeoning industry. Built on Ethereum, the project seeks to make it easy for people to earn passive income while doing what…

Bitcoin derivatives favor further BTC price rally toward $30K

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Despite regulatory pressure and worsening macroeconomic conditions, Bitcoin (BTC) demonstrated bullishness holding near $28,000 for the past week. Furthermore, professional traders have maintained leveraged long positions on margin and in futures markets, indicating strength. On the regulatory front, on April 4, the Texas Senate Committee on Business and Commerce agreed to move forward and remove incentives for miners operating within the state’s regulatory environment. If passed, Senate Bill 1751 would set a cap on compensation for load reductions on Texas’ power grid during emergencies. Risk of recession grows against rate…

Historical Bitcoin price fractal hints at rally toward $50K

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Bitcoin (BTC) could rally toward $50,000 in 2023, according to a historical price fractal highlighted by popular market analyst Mags. Bitcoin price trend in 2015 vs. 2023 The chart fractal highlights the similarities between Bitcoin’s ongoing price trends and those recorded after the completion of the 2013–2015 bear market. That includes Bitcoin’s consolidation inside the $200–$300 range between January 2015 and August 2015, which appears identical to its consolidation between the $18,500–$25,000 range after the supposed completion of its 2021–2022 bear market. BTC/USD price performance comparison between 2015 and 2023.…

3 key Ethereum price metrics cast doubt on the strength of ETH’s recent rally

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Ether (ETH) price had been battling the $1,850 resistance level, but it broke through on April 4 when Ether rallied to a 7-month high above $1,900. Recently there has been a lot of speculation on Ether price catalysts, let’s see if it’s possible to identify any fundamental factors behind the price movement.  The upcoming Shanghai hard fork could be one factor in Ether’s recent bullish momentum. On April 12, the ability for validators to withdraw their deposits opens, giving staking participants freedom of movement, but also t creating a sell-off…

Will Shiba Inu tail Dogecoin’s price rally?

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The price of Shiba Inu (SHIB) increased over 10% in a day amid broader upside moves across meme cryptocurrencies in the past 24 hours. But will SHIB price rally further SHIB price tails Dogecoin’s gains On April 4, SHIB’s price reached $0.00001159 a day after rebounding from its local low of $0.00001049 — a 10.5% increase. Still, the meme-token underperformed most of its rivals, including Dogecoin (DOGE), which jumped over 30% in the same period. On a year-to-date timeframe, SHIB and DOGE’s gains are nearly identical around 38%.  SHIB/USD versus…

Bitcoin in strong accumulation zone, may rally

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On-chain analytics firm Glassnode’s data reveals that bitcoin investors have recently been aggressively accumulating the cryptocurrency, a trend that may help prolong the ongoing rally. The “accumulation trend score” is the key indicator being analyzed, as it reflects whether bitcoin investors have been accumulating or distributing the digital asset over the past month. Bitcoin: Accumulation Trend Score chart | Source: Glassnode The accumulation trend score not only signifies the volume of coins being bought or sold by holders, but also the wallet sizes of the participants involved in the accumulation…

Crypto market rally stalls at the $1.2T level, but bulls are getting positioned

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After gaining 11% between March 16 and March 18, the total crypto market capitalization has been battling resistance at the $1.2 trillion level. This same level was reached on August 14, 2022 and was followed by a 19.7% decline to $960 billion over the next two weeks. During the lateralization period between March 20 and March 27, Bitcoin (BTC) gained 0.3%, while Ether (ETH) posted modest gains of 1.6%. Total crypto market cap in USD, 12-hour. Source: TradingView One source of favorable short-term momentum is a change in the Federal…