Bitcoin (BTC) and Ethereum (ETH), the leading cryptocurrencies, are once again capturing attention with their remarkable price movements. Analysts believe Bitcoin has entered a new parabolic phase that could stretch across 300 days, while Ethereum has broken out of a bullish pattern, setting its sights on significant price gains.
Bitcoin edges closer to $100,000, but the overbought RSI and elevated SOPR levels suggest a correction.
The price of Bitcoin (BTC) rose by 7.99% in the past week to reach a new all-time high of $99,655 on November 22. Thereafter, the maiden cryptocurrency has experienced a slight retracement in the past 48 hours falling to around $98,200.
Ripple's XRP hit a year-to-date high of $1.63 on November 23. However, fading bullish momentum has made future traders doubtful about the rally's sustainability.
Even though Bitcoin dipped below $97,000, GOUT and Hasbulla's Cat token have showcased a three-digit price surge in the last 24 hours. Interestingly, the price pump comes amidst the slight pullback of Bitcoin's (BTC) price.
Bitcoin sellers, whether genuine or not, are refusing to allow a $100,000 BTC price milestone.
This new reality of Bitcoin is transforming the financial landscape, giving traders cold sweats and low profits.
The cryptocurrency market is gaining momentum, with leading analyst Ali Martinez sharing optimistic forecasts for three major digital assets: Binance Coin (BNB), Bitcoin (BTC), and Shiba Inu (SHIB). His analysis points to substantial gains, provided these assets clear critical resistance levels.
The price of the largest cryptocurrency, Bitcoin (BTC), recently enjoyed a remarkable rally that pushed its price as high as $99,860 on major U.S. exchange Coinbase. However, the euphoria may be short-lived as financial expert and popular TV host Jim Cramer has stepped into the picture with a rather bullish attitude.
With strong bullish momentum, XRP recently broke through the $1.5 resistance and even briefly touched $1.6. The excitement though was short-lived as sellers took back control and drove the price back below $1.15.
Bitcoin has often been referred to as the “digital gold,” as it has proven to be a unique asset class and, more importantly, a reliable store of value over the years. While gold surely outpaces BTC in age, both assets are commonly used by investors as a hedge against economic instability and inflation.
The price of Bitcoin has somewhat cooled off, struggling to reach the highly-coveted $100,000 mark, after an intense bullish run all week long. However, investors appear to be undeterred by the sluggish price action of the premier cryptocurrency in the past few days.
Bitcoin's open interest has skyrocketed to an incredible $70 billion, setting a new record for derivatives activity. This spike in open interest indicates that there is more market activity and that traders are setting up for big price movements.
The Bitcoin giant is faltering, and the altcoins, previously relegated to the sidelines, are making a thunderous entry onto the crypto scene.
When BTC hit 'extreme greed' levels of 94 in November 2020, it dropped by 20% by February 2021.
Bitcoin dominance hits 50% while BTC nears $100K. Will Christmas 2024 trigger altcoin season? Explore key levels, technical analysis, and market outlook. The post Bitcoin Dominance Topped In December Last Cycle – Can Christmas 2024 Start Altcoin Season appeared first on Cryptonews.
The OECD's Cryptoasset Reporting Framework may signal ChokePoint 3.0, expanding oversight and raising privacy concerns.
November has already surpassed October's total volume, continuing strong market momentum for NFTs.
Bitcoin has been quietly approaching the $100k mark, but troubles still remain.
Bitcoin's latest rally has State Street Global Advisors' chief gold strategist, George Milling-Stanley, raising an eyebrow. Investors, he says, are falling for a dangerous illusion, mistaking Bitcoin's meteoric rise for stability.
XLM is by far the top performer from the larger-cap alts.
Bitcoin's price has surged significantly in recent weeks, gaining roughly 45% over the past month and trading at $97,465 at the time of writing. Rekt Capital points out that historically, Bitcoin has experienced a parabolic phase in its market cycles, during which the asset undergoes massive price growth.
U.S. President-elect Donald Trump's pick for Commerce Secretary, Howard Lutnick is in talks to deepen his financial ties with the company operating the world's largest stablecoin, Tether, by launching a $2 billion project to lend dollars to clients against bitcoin, Bloomberg News reported on Sunday.
Suspended between dream and reality, Bitcoin is about to play a historic act on the global crypto stage.
After weeks of intense speculation, incoming US President Donald Trump has named Scott Bessent his Treasury Secretary pick. The drawn-out selection process has attracted many popular names, including Howard Lutnick of Cantor Fitzgerald, former Federal Reserve governor Kevin Warsh, and billionaire Marc Rowan.
Bitcoin has surged past the $99,800 mark, setting another all-time high as it inches closer to the psychological $100,000 milestone. Despite briefly testing the level, BTC has yet to break through, leaving investors and analysts eagerly anticipating the next move.
Story Highlights Bitcoin price struggles to achieve the $100k mark and records a high of $99,655. Ethereum price hits a new 4-month high and retests the $3.5k mark. XRP price surpasses the $1.5 mark and reclaims its $30-month high.
U.S. spot Bitcoin Exchange-Traded Funds (ETFs) saw an unprecedented surge, attracting a whopping $1.05 billion in net inflows. This marks a significant milestone in the ongoing rise of Bitcoin as a mainstream investment.
Trump's pledge to create a bitcoin stockpile has been one of the bullish developments that's propelled the token to all-time highs since the election.
Stuart Alderoty, Ripple's chief legal officer, recently highlighted the company's contributions to the cryptocurrency industry's "victory" against the U.S. Securities and Exchange Commission (SEC).
MicroStrategy, the well-known business intelligence firm led by Michael Saylor, has raised $3 billion through the sale of convertible notes, a bold financial move aimed at further expanding its Bitcoin reserves. The company's ongoing strategy to accumulate the cryptocurrency has raised eyebrows across the industry, and this latest development has solidified its position as one of the largest institutional Bitcoin holders.
$100,000, that's for sure. $150,000, why not?
Bitcoin blew up the price chart after the US elections, but altcoins pulled ahead this week. Here's how Web3 is making the Internet usable again.
The price of Bitcoin (BTC) has risen to the psychological milestone of $100,000. BTC price analysis by Coinidol.com.
XRP, the cryptocurrency linked to the Ripple network, is currently experiencing a surge in market momentum, largely driven by increased activity from large investors, known as whales. Over the past week, these whales have accumulated over $526 million worth of XRP, marking the largest purchasing spree in nearly three years.
Ripple's recent price action underscores significant bullish momentum as buyers continue to dominate the market. Despite a potential brief consolidation phase, XRP is steadily approaching another coveted milestone of $2, with the prospect of achieving tapping that target by the year's end growing.
Bitcoin's breakout signals bullish strength as $120K emerges as the next key target.
Bitcoin (BTC) Holds $95K as Record ETF Inflows, Pro-Crypto Policies Offset Fed Hawkishness
XRP, the popular cryptocurrency associated with Ripple, is on an impressive upward trajectory, and renowned pro-crypto attorney John Deaton believes that it is on track to reach a massive $100 billion market cap.
XRP continues to shine as bullish momentum propels the price closer to the $1.7 target. This steady climb highlights the strength of buyer confidence and reinforces the optimism surrounding its upward trajectory.
The crypto universe has concluded yet another week, primarily with riveting developments unfolding across the broader sector. Bitcoin (BTC) continues to pump, hitting a new ATH this week.
XRP surges to $1.62, its highest since May 2021, amid SEC shake-up and pro-crypto policy speculation.
ADA has currently slipped into the red zone, but it is holding strong above the $1 level. Up by more than 50 percent in the last seven days, ADA is eyeing the important $2 level. Similarly, Ripple's XRP has also recorded impressive gains and is trading at $1.46 levels.
Ripple's legal chief has unveiled bold strategies for incoming SEC leadership amidst crypto shifts, spotlighting Ripple's battle-tested blueprint involving XRP. Bold Steps Needed: Ripple Legal Chief's Vision for SEC's Crypto Reset Ripple's chief legal officer, Stuart Alderoty, shared his recommendations on social media platform X Thursday for the incoming U.S.
The crypto market has been abuzz with activity regarding XRP, and there is a consensus among investors that its anticipated return to all-time high (ATH) territory may occur sooner than anticipated. Related Reading: Upbit Listing Sends BONK Skyrocketing 67% For A Fresh ATH In Memecoin Mania XRP's price has reached $1.43, marking a monumental 25% increase in the past day alone, bringing its weekly gains to a solid 50%.
Mad Money host Jim Cramer has picked bitcoin over Microstrategy's stock (MSTR), calling the cryptocurrency “a winner.” Jim Cramer Picks Bitcoin Over Microstrategy's Stock Jim Cramer, host of CNBC's Mad Money, shared his insights on bitcoin and Microstrategy's stock (Nasdaq: MSTR) during his show's Lightning Round segment this week.
XRP's price surged over 20% following Gary Gensler's announcement that he will step down as SEC Chairman in January 2025. This revelation has sparked speculation about whether the XRP-SEC lawsuit could come to an end before Gensler's departure.