Tag: Rally

The REAL REASON Bitcoin, Ethereum, & Altcoins are CRASHING!! [Market Manipulation]

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Who is causing the great crypto crash of 2022? Is it Terra Luna? Joe Biden? The Federal Reserve? Find out IN THIS VIDEO! Hit Like, Share, and Subscribe for more daily cryptocurrency news Coinspaid – the largest crypto processing – CoinsPaid Telegram Chat: Twitter: Token page Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Introduction (Watch the WHOLE Video) 0:44 – Do Kwon & Terra Luna 2:07 – Terra Collapse Wasn’t Main Factor in the…

Bitcoin Price Could Rally Again If It Stays Above This Key Support

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Bitcoin started a downside correction from the $24,000 resistance against the US Dollar. BTC is finding bids near $22,500 and might start a fresh increase. Bitcoin started a downside correction and traded below the $23,000 level. The price is now trading above the $22,000 level and testing the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $22,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to rise if it stays above $22,500…

Funding Rates Return To Neutral Following Bitcoin Relief Rally

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Bitcoin funding rates had seen a very negative month between mid-June and mid-July. The funding rates, which had previously remained muted, quickly declined below neutral and proceeded to spend the next one month on this level. However, there is a significant change as last week saw funding rates return to neutral. Funding Rate Recovers On Exchanges The bitcoin funding rates had been touching low points as the price of the digital asset struggled. This was concerning given that funding rates were expected to improve as the digital asset began to…

Bitcoin Miner Revenues Continue To Plunge, But Will The Rally Change This?

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Bitcoin miner revenues have been plummeting ever since the price of BTC peaked back in November. This has put miners in a tight spot, causing a good number of them to sell their BTC holdings in order to keep financing their operations. The same was the case for last week, where miner revenues were once again in the red. However, as the tide begins to change in the crypto market, there may be light at the end of the tunnel for miners. Miner Revenues Down 4% For the past month,…

Tesla Ruins Bitcoin Rally? Musk’s Company Sold 75% Of Its BTC

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Bitcoin has lost some of its gains as news about Tesla’s earnings report is published. The Elon Musk-led company revealed that it sold 75% of its BTC holding at a 9% loss over Q2, 2022. Related Reading | Short Positions Over $165 Million Get Liquidated Following The Bitcoin And Ethereum Uptrend According to the reports, the company has converted its Bitcoin holdings into fiat currency. In consequence, Bitcoin was rejected close to the $24,000 price point and now trades at $23,100 with a 2% loss over the past hour. BTC’s price…

Bullish Rally Sees It Climb to Sixth Spot by Market Cap

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On CoinMarketCap, XRP has risen to sixth place as of today, July 20, with a market value of $17.63 billion. Being able to exceed not just Binance USD but also Cardano and Solana is a noteworthy accomplishment for Ripple’s native currency. Ripple’s native token, XRP, provides a means of payment settlement between banks and digital assets exchanges. It decreases the number of extra steps needed when transferring money internationally, which leads to lower fees. Related Reading | Solana And Avalanche Poised For Gains As Crypto Market Enjoys New Tailwinds However, by breaking…

Why Crypto Could See Summer Rally With Support From U.S. Equities

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The crypto market remains in the green with major gains over the past weeks. The general sentiment in the market is shifting as Bitcoin, Ethereum, and other top 10 altcoins regain previously lost territory. Related Reading | Why Bitcoin Must Beat $25,500 To Establish A Bull Rally The chances of an extended bullish momentum seem to be increasing as the macro-economic factors impacting risk-on assets mitigate in short timeframes. The U.S. Federal Reserve (Fed) has begun a period of no contact with the media, and dollar inflation seems bound to decline.…

Why Bitcoin Must Beat $25,500 To Establish A Bull Rally

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Bitcoin has recovered above $23,000 off the back of a rally that had started during the last leg of the weekend. This recovery has brought more money into the market, which has helped push the price even further. As bitcoin trends at $23,000, there is significant resistance mounting up ahead, presenting various important technical levels. Bitcoin Must Beat $25,500 Even though bitcoin is making its way towards $24,000 in a tremendous bull trend, there are still some technical levels that the digital asset must beat in order to fully establish…

Ethereum Rally Could Start Again, Why Bulls Might Aim $1,800

Ethereum corrected a few points from the $1,633 high against the US Dollar. ETH remains well supported above the $1,480 level and might start a fresh rally. Ethereum started a consolidation phase below the $1,600 resistance zone. The price is now trading above $1,500 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $1,480 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if there is a clear move above the $1,600 zone. Ethereum…

Is the Ethereum ‘Merge’ Driving This Rally?

“There’s going to be virtually no sell pressure when the Merge happens. Everyone who’s staking is locked up, everyone remaining with their money in stETH is holding until it repegs, anyone who had their money on Voyager or Celsius is locked in bankruptcy proceedings for 5-10yrs,” crypto commenter Ethereum Jesus tweeted, referring to the bankruptcy filings of crypto broker Voyager and crypto lender Celsius Network. Source