Tag: Rally

Bitcoin Price Sees Open Interest Surge, Rally Will Be Short Live?

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The Bitcoin price is once again trading above $20,000, its 2017 all-time high, with bullish momentum on low timeframes. The cryptocurrency has been in a similar situation since losing this level early in 2022, leaving many traders to wonder if the bulls will be able to sustain the current price action. At the time of writing, the Bitcoin price trades at $20,100 with a 4% profit in the last 24 hours and a 5% profit in the last 7 days, respectively. Other cryptocurrencies in the top 10 by market capitalization…

Uniswap Rally Could Be In Jeopardy, Despite UNI’s Solid Social Engagement

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Uniswap (UNI) started with a bearish stride in 2022 along with Ripple and most other cryptocurrencies but it has been gaining some impressive price action as seen in the past few weeks. UNI’s social engagement up by 53.62% Supply of unique wallet addresses surged since September 12 UNI price looking bullish; up by 4.15% According to CoinMarketCap, UNI’s price has been looking bullish and spiked by 4.15% or trading at $6.77 as of this writing. UNI Shows Impressive Social Dominance More so, UNI has been outperforming other cryptocurrencies when it…

Cosmos Looks Promising As Price Rally, Can Price Breach $14?

ATOM price breaks downtrend as price gears up for a short-term recovery creating more bullish sentiment. ATOM looks strong on the low timeframe.  The price of ATOM breaks and holds above 8 and 20 EMA. Cosmos (ATOM) showed so much strength as price trends for days, with many becoming interested as to why Cosmos (ATOM) trends against tether (USDT) in such market conditions. With the price of Bitcoin (BTC) showing some great momentum, we could see the price of altcoins, including ATOM, move easily as it eyes a rally to…

*THIS* Catalyst Will Trigger a Bitcoin ‘Mega Bull Market’! (+ Algorand, Cardano, & Ethereum)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io BILLIONs are about to enter the crypto markets… Here is what you need to know! Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Introduction (Watch The Whole Video) 0:30 – Billions of People to Use Crypto Tech Soon (CNBC CLIP) 1:51 – Cardano Creator Says *THIS* Catalyst Will Trigger ‘Mega Bull Market’ 3:31 – This would TANK the market 4:07 – Worried about Gary, the…

Ethereum Price Could Rally If It Closes Above This Key Level

Ethereum is showing positive signs above the $1,300 level against the US Dollar. ETH could rally if it clears the $1,330 and $1,350 resistance levels. Ethereum is slowly moving higher and trading above the $1,300 level. The price is now trading above $1,310 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a clear move above the $1,350 resistance. Ethereum Price…

Exchanges Close Q3 With Massive Bitcoin Outflows, Why A Rally Is On The Horizon

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The third quarter of 2022 was a rollercoaster for the price of bitcoin. BTC’s price had fluctuated wildly during this time and ended up hitting lower lows than expected. However, this has not changed investors’ convictions about the cryptocurrency. As the third quarter drew to a close, there had been a massive withdrawal spree from centralized exchanges, which led to more than $600 million in outflows. Bitcoin Outflows Grow The last day of September has proven to be an important trading day for bitcoin. Given that it was both the…

Bitcoin price sets October high with $20K in reach as US stocks rally

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Bitcoin (BTC) climbed to new October highs at the Oct. 3 Wall Street open as Credit Suisse concerns heightened.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders close in on rangebound BTC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD taking aim at $19,500 after starting the month flat. The largest cryptocurrency reacted positively to lower than expected United States manufacturing data, while in Europe, market turmoil over Credit Suisse gathered pace despite executives’ reassurances. “We are kicking off October trading in the same congested area we ended September,”…

XRP price could rally by 50% based off comments from a former SEC director

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XRP is hoping that the token could see a massive price rally in 2022 based off the fingers-crossed assumption that Ripple will win its long-running legal battle against the U.S. Securities and Exchange Commission (SEC). Hinman documents to save XRP bulls? On Sept. 29, the district court judge in the case, Judge Analisa Torres, ordered the commission to release the documents penned by William Hinman, the former director of the corporation finance division at the SEC.  Hinman may have written about Ether (ETH), the native token of the Ethereum blockchain, not being…

Bitcoin surges above $20K after 6% BTC rally gains steam ahead of the monthly close

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Bitcoin (BTC) swiftly climbed above $20,000 after the Sept. 30 Wall Street open as end-of-month volatility began.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin volatility back for monthly close Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 3% in a single hourly candle to hit local highs of $20,171 on Bitstamp. The move followed predictions from traders, who were looking for slightly higher levels to precede a fresh downside move. “Moving my stop to my entry now at 19.3k but letting it ride first to 21.7k where I…

Bitcoin Price Forms Bullish Pattern, Why BTC Could Rally Above $20K

Bitcoin price is holding gains above the $19,000 level against the US Dollar. BTC could rally if there is a clear move above the $19,660 resistance zone. Bitcoin remained stable and consolidated above the $19,000 support zone. The price is trading above $19,100 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $19,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh surge if there is a clear move above the $19,660…