Tag: Support

Will It Break $2.9? Key Support Levels And Future Targets

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Este artículo también está disponible en español. XRP, the third-largest cryptocurrency by market capitalization, has recently outperformed the top ten cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). This significant momentum comes as investor sentiment grows in anticipation of clearer regulatory frameworks in the United States, especially following Donald Trump’s election.  In addition, Securities and Exchange Commission (SEC) Chairman Gary Gensler recently announced his departure effective January 20, which many believe could pave the way for increased adoption and institutional investment in XRP. This could be achieved through the XRP exchange-traded…

Recursive Capital Closes Funding Round to Support Bitcoin Companies in Africa

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The fundraising is to expand Recursive Capital’s investments in bitcoin companies exclusively on the African continent. More Support for Bitcoin Companies in Africa Recursive Capital, a venture capital firm that specializes in funding bitcoin businesses in Africa announced the Fund I’s first close on Saturday, Nov. 30. Block Chairman Jack Dorsey, chairman of Fortress Investment […] Original

Bitcoin dominance ready to break multi-year support

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Bitcoin dominance is in the analyst’s eyes, which indicates another cycle of the cryptocurrency market, after it is dominating for a few months. Bitcoin dominance, which measures the market capitalization of Bitcoin influence in the cryptocurrency market, has dropped to 56% or shrunk from 60% in the past month, according to the data from TradingView. Analysts also projected that Bitcoin seems to dip below its long-standing support trend line, which refers to the key technical levels that record Bitcoin domination falling below a certain threshold. “Bitcoin dominance looks so ready…

Polkadot (DOT) Must Retest Crucial Support To Sustain Uptrend – Details

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Amidst the recent euphoria around the cryptocurrency market, Polkadot (DOT) has stood out as one of the best-performing assets, notching a 107.5% price gain in the last 30 days. The prominent crypto asset recently surged to $8.81, representing its highest price point in the past five months.  However, as the Polkadot market remains ravaged with positive sentiments driven by price action and recent network reports, crypto market expert with X username Rekt Capital has shared a valuable cautionary insight. Polkadot Must Stay Above $8.60 — Analyst In a recent post…

Bitcoin Resets Open Interest, Targets $100,000 After Holding Key Support

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Este artículo también está disponible en español. Bitcoin (BTC) appears to be rebounding from its recent pullback after reaching a new all-time high (ATH) of $99,645 on November 22. Despite liquidations exceeding $500 million during the downturn, the event did not trigger the cascading sell-offs seen in previous market cycles. Bitcoin Open Interest Resets: Is $100,000 Next? The flagship cryptocurrency seems ready to make another attempt at the $100,000 milestone. According to crypto analyst Byzantine General, the recent BTC price pullback reset open interest to levels last observed when the…

Cardano Transactions Rise To Multi-Year Highs – Metrics Support Bullish Outlook

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Este artículo también está disponible en español. Cardano (ADA) is trading above the critical $1 level, fueling optimism among investors anticipating further upside in the coming weeks. After a strong bullish run in recent weeks, the recent pullback appears to be a temporary pause in an upward trend. Crucial on-chain data supports this outlook, indicating robust network activity that reinforces the bullish sentiment for ADA. Related Reading Key metrics shared by IntoTheBlock reveal over 840,000 transactions recorded on the Cardano network, with total fees amounting to 279,000 ADA. This data…

$605 Support Sets The Stage For A New Rally

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Este artículo también está disponible en español. BNB has found its footing at the $605 support level, sparking optimism for a potential recovery. Following recent bearish pressure, the bulls appear to be regrouping, aiming to regain control and push the price higher. With key technical indicators signalling renewed buying interest, market participants are closely watching whether this support will serve as the launchpad for BNB’s next rally. As BNB shows encouraging signs of revival, this article aims to delve into its rebound from the $605 support level and evaluate its…

Crypto Analyst Predicts 37% Upshoot For Dogecoin Price, Points Out Support Levels

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Este artículo también está disponible en español. Crypto analyst MadWhale has provided a bullish outlook for the Dogecoin price. The analyst predicted that the foremost meme coin could witness a significant rally and highlighted support areas that market participants should focus on.  Dogecoin Price To Witness A 37% Surge In a TradingView post, MadWhale predicted that the Dogecoin price would likely witness a 37% rally to $0.55 soon. However, the crypto analyst warned that short-term bearish movements or consolidation phases could occur before the major uptrend. MadWhale suggested that this…

DCG launches new AI subsidiary to support Bittensor

Digital Currency Group, the parent company of Grayscale and Foundry, has launched a new decentralized intelligence subsidiary named Yuma. According to a press release on Nov. 20, Yuma will focus on investing in and incubating startups and projects leveraging the decentralized network Bittensor (TAO). Barry Silbert, DCG’s founder and CEO, will also serve as Yuma’s chief executive officer. The subsidiary derives its name from the Yuma Consensus mechanism, a core feature of Bittensor that rewards miners using the native token, TAO. DCG highlighted that Yuma represents its commitment to advancing…

Two Solana Ecosystem Altcoins Jump After Crypto Exchange Bithumb Announces Trading Support

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Two Solana (SOL)-based altcoins are rallying amid sudden support from the South Korean crypto exchange Bithumb. Bithumb announced spot trading support starting on Tuesday for memecoin PONKE (PONKE) and automated market maker (AMM) protocol Raydium (RAY). Amid the news, monkey-themed PONKE has shot up more than 7% in the last 24 hours, trading for $0.77 at time of writing. The memecoin is up more than 90% in the last 30 days. With a market cap of $424.4 million, PONKE is the 198th largest crypto project. PONKE also recently gained spot…