Tag: Rally

Canada Freezes Bank Accounts! Bitcoin News! Ethereum Users EXPLODING! Bank Moves into DECENTRALAND.

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USDC Inflow Spikes Up, Will It Act As Dry Powder For New Bitcoin Rally?

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On-chain data shows the USDC exchange inflow has spiked up. Historically, stablecoins have provided dry powder for kicking off new Bitcoin rallies. USDC Exchange Inflow Sharply Rose To High Values Recently As explained by an analyst in a CryptoQuant post, almost one billion USDC has flowed into exchanges recently. Past pattern suggests this may lead to uptrend for Bitcoin. The “USD Coin exchange inflow” is an indicator that measures the total amount of the stablecoin entering wallets of all exchanges within a given period. When the value of this indicator…

Waves price rises 230% in just three weeks — Could a ‘triple top’ spoil the rally?

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Waves (WAVES) continued its price rally further into this week, even as its top crypto rivals wobbled between losses and gains elsewhere in the market. A 230% Waves boom The WAVES/USD trading pair surged by nearly 75% this week to reach around $31, its best level since Oct. 28, 2021. Its rally came as a part of an upside retracement move that saw it rising by a little over 230% in three weeks. WAVES/USD weekly price chart. Source: TradingView In contrast, Waves’ top rival in the smart contracts sector, Ethereum, underperformed,…

Monero And Zcash Take Off With 15% Gains, What Fueled The Rally

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Privacy coins, Zcash (ZEC) and Monero (XMR), have been outperforming larger cryptocurrencies in the last 24 hours. The sudden surge on the price of these cryptocurrencies seems to be responding to recent developments around the Russia-Ukraine conflict, and the signed of an executive order from the U.S. Joe Biden administration. Related Reading | Monero (XMR) Price Slides As Canada Includes Crypto In Emergencies Act At the time of writing, Zcash (ZEC) records a 11.7% profit trading at $142, while Monero (XMR) records a 15.5% profit trading at $195. These cryptocurrencies have…

3 reasons why Bitcoin can rally back to $60K despite erasing last week’s gains

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Bitcoin (BTC) plunged to below $38,000 on March , giving up all the gains it had made last week, which saw BTC/USD rally over $45,000. BTC back below $40K as oil soars The losses appeared due, primarily, to selloffs across the risk-on markets, led by the 18% rise in international oil benchmark Brent crude to almost $139 per barrel early March 7, its highest level since 2008. Nonetheless, Bitcoin’s inability to offer a hedge against the ongoing market volatility also raised doubts over its “safe haven” status, with its correlation coefficient…

Cardano (ADA) Ready For Rally Towards $1.50? What Indicators Are Saying

Cardano (ADA) has not been on the best of trends lately. In fact, since the digital asset touched its high above $3 in September 2021, it has been a continuous trend of heartbreak for its holders. Every slight upward recovery has been marked by a deeper dip, sending the cryptocurrency towards new lows each time. With the various market crashes, the asset has now lost about 60% of its all-time high value but the worst seems to be far from over. Cardano (ADA) Has Not Bottomed Yet Even though Cardano…

TA: Bitcoin Price Gearing For Another Lift-Off: Rally Isn’t Over Yet

Bitcoin made another attempt to gain pace above the $45,000 resistance against the US Dollar. BTC is still consolidating and remain supported near $43,000. Bitcoin spiked above the $45,000 resistance zone and traded as high as $45,349. The price is trading above $43,000 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $42,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower, but the bulls might be active near $43,000 or $42,500. Bitcoin…

Bitcoin Taker Buy/Sell Volume Shows “Buy” Signal As BTC Gears Up For Rally

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On-chain data shows the Bitcoin taker buy/sell volume is now showing a “buy” signal as the crypto looks to be gearing up for a new rally. Bitcoin Taker Buy/Sell Volume Says Now May Be The Time To Buy As pointed out by an analyst in a CryptoQuant post, the BTC taker buy volume recently reached a value that has historically been a green signal for the crypto. The “taker buy volume” is an indicator that measures the long volume of Bitcoin on derivatives exchanges. The metric works by checking orders…

Rune’s upcoming mainnet launch and Terra (LUNA) integration set off a 74% rally

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2021 was a roller coaster of a year for THORChain (RUNE), which saw its price top out at $20.31 only to come crashing down below $4 as a series of hacks and declining interest in decentralized finance had the token limping into 2022. Data suggests that investors could be taking a closer look at Rune and a few potentially bullish factors could include the protocol’s recent integration with the Terra and Cosmos ecosystem, an upcoming mainnet launch and the attractive yields offered to liquidity providers. RUNE/USDT 4-hour chart. Source: TradingView…