Hedera (HBAR) price rose alongside other top cryptocurrencies as Bitcoin reclaimed the $102K level. The bounce in HBAR price reflected the broader optimism in the crypto markets following the DeepSeek AI driven sell-off. However, the gains for Hedera also came amid news of a fresh partnership between The Hashgraph Group and KPMG in India.
Cryptocurrencies created in the USA could be exempt from profit taxes. This means good news and possible ATH for Ripple, Hedera (HBAR), and the new altcoin DTX Exchange.
The crypto market is expected to see major movement, with several undervalued coins set to join the $1 club. Rexas Finance (RXS),
Hedera's HBAR has recorded its first significant spot inflows in the past ten days, with $2.46 million entering its markets on Tuesday. This has driven the altcoin's price up by 2% over the past 24 hours, riding the wave of a broader market recovery.
Cryptocurrencies traded in the red today as China's DeepSeek dumbfounded the US tech industry. The altcoin space suffered the most, with AI tokens leading the downside. However, HBAR attracted attention as it slipped back into a prolonged consolidation range. Hedera plunged from a daily high of $0.34 to the $0.29 low.
Solana price crashed on Monday, mirroring the performance of other cryptocurrencies. The drop is also because of the stock market sell-off after the DeepSeek success and the potential for a hawkish Fed.
HBAR's price action has left investors cautious after the altcoin failed to break out of a two-month-long consolidation phase. This resulted in HBAR falling back into its prior range, disappointing hopes of a sustained rally.
Hedera's blockchain network experienced a dramatic increase in transaction volume, with figures rising by an astounding 10 times. This growth, which has caught the attention of investors and analysts alike, can be attributed to several key factors, including the rising global demand for stablecoins and a strategic partnership that could propel Hedera into a central role in the future of digital finance.
A look at why Hedera HBAR's prospects continue to improve as the global stablecoin market cap balloons.
HBAR has remained in a prolonged period of consolidation, with limited growth over the last two months. Its repeated attempts to break out of the $0.40 resistance level have failed, dampening trader sentiment.
Hedera (HBAR) price is up 11% in the last 24 hours, with its market cap reclaiming the $13 billion threshold and trading volume surging by 78% to $745 million. Technical indicators suggest that HBAR is in the early stages of a potential uptrend, as its ADX has risen to 13.97, signaling improving momentum.
Solana (SOL) joined Hedera (HBAR) as a top performer, gaining 4.8% from Thursday.
Hedera (HBAR) has emerged as a standout performer in the current market cycle, demonstrating resilience and strength even amid uncertainty and volatility. After reaching a multi-year high last Friday, HBAR experienced a sharp correction, dropping over 22%.
Hedera Hashgraph price formed a double-top chart pattern, pointing to an eventual pullback as the recent rally lost momentum. The HBAR token retreated to $0.3200 on Thursday morning, down by about 20% from its highest level this year.
Bitcoin (BTC) has gained nearly 3% over the past 24 hours, approaching its all-time high at one point as the Trump administration completed its first day in office. Markets were choppy but stabilized after the United States Securities and Exchange Commission unveiled plans to overhaul rules and regulations for the sector.
Hedera (HBAR) is in the spotlight as it shows promising signs of a potential 22% price rally, possibly reaching its all-time high of $0.465. Despite recent bullish momentum, there are key factors, including bearish sentiment among traders, that may impede HBAR's progress.
Recent exchange outflows of $13.9 million in HBAR tokens and technical indicators suggest potential price appreciation
HBAR could soon rally by 22% and reach its all-time high of $0.465, but roadblocks remain.
Hedera's native token, HBAR, is poised to continue its upward momentum as it has formed a bullish price action pattern on the daily time frame. Today, January 20, 2024, the overall cryptocurrency market appears to be confusing, with some assets witnessing massive upward rallies while others struggle to gain momentum.
TL;DR The partnership aims to integrate HBAR and the Hedera Token Service (HTS) into Taurus' platform, expanding its global reach. The collaboration will offer secure custody, staking, and asset tokenization solutions for financial institutions in key sectors.
The partnership of the Hashgraph Association with Taurus comes at a time when digital assets are booming in Europe, Asia, and the Middle East, and Africa.
BNB and HBAR both present intriguing Elliott Wave structures, with Fibonacci retracements and RSI indicators highlighting exciting potential reversals. This analysis explores critical levels, trend confirmations, and anticipated market outcomes.
The Hashgraph Association has partnered with Taurus to advance secure custody, staking and tokenizing Hedera's HBAR cryptocurrency globally.
Hedera (HBAR) has seen a notable price increase, climbing 5% over the past 24 hours and an impressive 37% in the last week. This surge is coupled with robust trading volume, surpassing $2 billion in the last 24 hours, highlighting the growing market interest and strong upward momentum behind HBAR.
The value of Hedera's HBAR has surged 27% over the past week. This rally comes after the altcoin broke out of a consolidation range it had traded within for several weeks.
Hedera (HBAR) has surged over 5% in the past 24 hours and 37% in the last week, with trading volume exceeding $2 billion in the past day. The rally is driven by bullish technical indicators, including a rising ADX, positive Ichimoku Cloud signals, and favorable EMA alignments.
Hedera (HBAR) is making waves in the cryptocurrency market as it experiences significant price action and increased trading volume. In the past 24 hours, the price of HBAR surged by 16%, bringing it to approximately $0.345.
The surge of Hedera price pushed HBAR market cap above $14 billion with a 100% increase in daily trading volume, making it the 15th largest cryptocurrency.
HBAR soared 20%, driven by a new partnership in the RWA tokenization market and rumors of an upcoming HBAR ETF. Hedera (HBAR) rallied for four consecutive days to reach a 38-month high of $0.399 on Jan.
HBAR has risen 38% weekly to $0.3988, driven by Coinbase Prime custody integration and positive market sentiment surrounding potential inclusion in strategic reserves.
Many bullish news from Coinbase and President-elect Donald Trump have fuelled Hedera (HBAR) price to a high of $0.3988 today. Marking a notable 12% increase in a day, HBAR is just around 10% shy away from its all-time high of $0.4323, marked in 2021.
Hedera (HBAR) price stands out as the top gainer with over 23% rise in the past 24 hours, marking the levels not visited since December 2021. Breaking the 36-month consolidation has flashed massive bullish signals for the token, which is now believed to achieve a fresh milestone and enter the top 10 cryptos.
HBAR could soar by 35% to reach the $0.465 level if it holds itself above the $0.34 level.
TL;DR Hedera's mainnet upgrade to version 0.57 has driven HBAR inflows to a 27-day high, generating significant trading activity. HBAR's Elder-Ray Index shows strong buying pressure, suggesting a potential bullish trend and optimism among investors. HBAR faces resistance at $0.39 and support at $0.33, with significant potential to break this barrier and continue its rise.
HBAR has finally broken out of its month-long consolidation below $0.33, a level that saw multiple failed breakout attempts.
Litecoin (LTC) joined Hedera (HBAR) as a top performer, gaining 13%.
Over the past month, Hedera has been trading within a range. The range extremes lay at $0.255 and $0.339, with the mid-range level at $0.297.
Hedera Hashgraph price has stabilized, and a unique chart pattern on the daily chart suggests a potential rebound. Hedera Hashgraph (HBAR) has risen for two consecutive days, reaching a high of $0.3140, its highest level since January 7.
Cardano, Hedera, and Stellar showcase bullish and bearish setups. ADA eyes a 65% rally, HBAR faces overbought risks, and XLM could drop 20% amid triangle patterns.
The cryptocurrency sector rose by 2.29% to $3.36 trillion as markets recovered, driven by a resurgent Bitcoin (BTC) crossed the $97,000 mark, up over 2% in the past 24 hours. BTC briefly dropped below $90,000 earlier in the week, spooking markets and leading to a considerable decline among cryptocurrencies.
Hedera's (HBAR) value has declined by 12% over the past week. Exchanging hands at $0.26 at press time, the altcoin currently trades at its lowest level in the past seven days.
Rangebound trading conditions from Bitcoin could boost the chance of a breakout in XRP, HBAR, BGB and XMR.
Hedera (HBAR) has struggled to gain momentum in recent weeks, reflecting a lack of direction amid a highly uncertain cryptocurrency market. This indecision has left investors cautious, making it difficult for them to take a definitive stance on the altcoin's potential.
Four Filipino banks, UnionBank of the Philippines, Rizal Commercial Banking, Cantilan Bank, and the Rural Bank of Guinobatan, announced they plan to launch a multi-bank peso stablecoin, PHPX, later this year. The coin will initially run on the Hedera DLT network.
HBAR, the native token powering the Hedera Hashgraph distributed ledger, has recorded its first spot inflows in the past week, totaling $4 million. This has sparked speculation that this could mean the altcoin is poised to break above the narrow range it has traded within since early December.
Grayscale, crypto asset management firm, is considering 39 cryptocurrencies for future investment products. These include top altcoins Dogecoin (DOGE), BNB, Hedera (HBAR), Kaspa (KAS), Aptos (APT), and more.
Bitcoin (BTC) dipped to its lowest level since November as its post-election rally lost steam. BTC fell to an intraday low of $91,314 before recovering to its current level of $93,311.