The weekend attack on pro-crypto presidential candidate Trump should galvanize bids for cryptocurrencies, one observer said.
Solana started a steady increase above the $135 zone. SOL price broke the $150 resistance and is now consolidating gains. SOL price started a decent upward move above the $135 resistance against the US Dollar. The price is now trading above $145 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $147 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could correct lower, but the bulls might remain active near $147 or $143. Solana Price Jumps Over 5% Solana price managed to start a fresh increase above the $125 pivot level. SOL gained pace for a move above the $132 and $135 resistance levels, like Bitcoin and Ethereum. The price even cleared the $145 resistance and surpassed the $150 hurdle. A high was formed at $152.05 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the upward move from the $134 swing low to the $152 high. Solana is now trading above the $145 level and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $147 on the hourly chart of the SOL/USD pair. On the upside, the price might face resistance near the $152 level. The next major resistance is near the $155 level. A successful close above the $155 resistance could set the pace for another steady increase. The next key resistance is near $165. Any more gains might send the price toward the $172 level. Are Dips Limited in SOL? If SOL fails to rise above the $152 resistance, it could start a downside correction. Initial support on the downside is near the $150 level. The first major support is near the $147 level and the trend line. A break below the $147 level might send the price toward $143 or the 50% Fib retracement level of the upward move from the $134 swing low to the $152 high. If there is a close below the $143 support, the price could decline toward the $138 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $147 and $143. Major Resistance Levels – $152 and $155.
XRP price gained bullish momentum above the $0.50 resistance zone. The price is consolidating gains and might aim for another move above the $0.5450 resistance zone. XRP price gained over 20% in a few days and broke the $0.500 zone. The price is now trading above $0.5050 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with support at $0.520 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could extend gains if there is a close above the $0.540 resistance level. XRP Price Regains Strength XRP price remained in a positive zone above the $0.440 level and extended its recovery wave. It gained over 20% in a few days, outperforming Ethereum and Bitcoin. The price was able to climb above the $0.5050 and $0.5200 resistance levels. The price even cleared the $0.5450 level and spiked above $0.550. A high was formed at $0.5659 and the price corrected gains. There was a minor decline below the $0.5450 level. The price tested the $0.5150 support zone. A low was formed at $0.5140 and the price is now consolidating. There was a move above the 23.6% Fib retracement level of the downward move from the $0.5659 swing high to the $0.5140 low. The price is now trading above $0.520 and the 100-hourly Simple Moving Average. Besides, there is a short-term contracting triangle forming with support at $0.520 on the hourly chart of the XRP/USD pair. On the upside, the price is facing resistance near the $0.5290 level. The first major resistance is near the $0.5320 level. The next key resistance could be $0.5450. A clear move above the $0.5450 resistance might send the price toward the $0.5650 resistance. The next major resistance is near the $0.5880 level. Any more gains might send the price toward the $0.600 resistance. Are Dips Supported? If XRP fails to clear the $0.5450 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.520 level. The next major support is at $0.5150. If there is a downside break and a close below the $0.5150 level, the price might continue to decline toward the $0.490 support in the near term. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.5200 and $0.5150. Major Resistance Levels – $0.5320 and $0.5450.
Ethereum price started a major increase above the $3,250 resistance zone. ETH even surpassed $3,300 and aims for more upsides in the near term. Ethereum is gaining pace above the $3,250 level. The price is trading above $3,250 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,270 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise above the $3,320 and $3,350 resistance levels. Ethereum Price Regains Strength Ethereum price started a steady increase above the $3,150 resistance zone. ETH even climbed above the $3,250 resistance to move into a positive zone. Finally, there was a move above the $3,300 resistance, like Bitcoin. It tested the $3,250 resistance zone. A high was formed at $3,339 and the price is now consolidating gains. The bulls seem to be active well above the 23.6% Fib retracement level of the upward move from the $3,084 swing low to the $3,339 high. Ethereum is now trading above $3,280 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $3,270 on the hourly chart of ETH/USD. On the upside, the price is facing resistance near the $3,340 level. The first major resistance is near the $3,350 level. The next major hurdle is near the $3,420 level. A close above the $3,420 level might send Ether toward the $3,500 resistance. The next key resistance is near $3,550. An upside break above the $3,550 resistance might send the price higher toward the $3,650 resistance zone in the coming days. Are Dips Supported In ETH? If Ethereum fails to clear the $3,340 resistance, it could start a downside correction. Initial support on the downside is near $3,270 and the trend line. The first major support sits near the $3,220 zone. A clear move below the $3,220 support might push the price toward $3,200 or the 50% Fib retracement level of the upward move from the $3,084 swing low to the $3,339 high. Any more losses might send the price toward the $3,150 support level in the near term. The next key support sits at $3,050. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,270 Major Resistance Level – $3,340
In a strange turn of events, a phishing scammer has returned a large portion of funds it stole from a victim last September.
Ethereum's price surge signals potential for significant institutional and retail investment influx, impacting the broader crypto market.
The post Ethereum surges 5% to $3,300 ahead of key ETF decision appeared first on Crypto Briefing.
The shooting created a “Trump bid” to risk markets, Decrypt was told by Rosenblum. "Political volatility is a catalyst for Bitcoin buying."
Bitcoin price started a strong increase and broke the $62,000 resistance level. BTC is showing positive signs and might rise toward the $63,200 level. Bitcoin gained bullish momentum above the $60,500 resistance zone. The price is trading above $61,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $61,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it breaks the $62,500 support. Bitcoin Price Regains Strength Bitcoin price started a decent increase above the $59,500 and $60,000 resistance levels. BTC even cleared the $60,500 resistance to move into a positive zone. It sparked a strong increase and the price climbed above the $62,000 level. It even tested the $62,500 level. A high was formed at $62,493 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the upward move from the $56,593 swing low to the $62,493 high. Bitcoin price is now trading above $61,500 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $61,000 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $62,500 level. The first key resistance is near the $62,800 level. A clear move above the $62,800 resistance might start a decent increase in the coming sessions. The next key resistance could be $63,200. The next major hurdle sits at $63,500. A close above the $63,500 resistance might start a steady increase and send the price higher. In the stated case, the price could rise and test the $65,000 resistance. Are Dips Supported In BTC? If Bitcoin fails to climb above the $62,500 resistance zone, it could start a downside correction. Immediate support on the downside is near the $61,500 level. The first major support is $61,000 and the trend line zone. The next support is now near $60,000. Any more losses might send the price toward the $59,500 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $61,500, followed by $61,000. Major Resistance Levels – $62,500, and $63,500.
The post Ethereum Whale Transfers 10,654 ETH Amid Bullish Recovery appeared first on Coinpedia Fintech News
During the ongoing bullish recovery, a significant whale transfer has been recorded. A whale moved 10,654 ETH (worth $35,404,511) from an unknown wallet to Coinbase. Ethereum is currently trading at $3,326, showing an intraday increase of 2.49% and marking its 8th consecutive green candle. Additionally, $21.72 million in short liquidations occurred over the past 24 …
The post Bitcoin Surges Past $60,000 Amid Trump Effect appeared first on Coinpedia Fintech News
Bitcoin has surged past the $60,000 mark following news that Republican presidential candidate Donald Trump survived an assassination attempt. The cryptocurrency is currently trading at $62,186, with a market cap of $1.224 trillion, marking a 4.67% increase in the past 24 hours. During the early Asian trading hours, Bitcoin climbed by 2.28%, achieving its fourth …
Bitcoin whales haven’t accumulated this much Bitcoin over a 30-day period since April 2023, shortly after several local banks in the United States collapsed.
BTC Inc. CEO David Bailey says he spoke with the former president’s team in the wake of the July 13 assassination attempt.
Bitcoin price climbs back above $60,000, opening the door for KAS, MKR, AR and NOT to move higher.
Significant inflows into US Bitcoin spot ETFs suggest strong investor confidence in Bitcoin's long-term potential despite current market fears.
The post US Bitcoin spot ETFs attract over $1 billion in net inflows in a week despite bearish market sentiment appeared first on Crypto Briefing.
The post XRP or ADA, Which Altcoin Will Hit $1 First? appeared first on Coinpedia Fintech News
With the bullish recovery in the cross-border payment system, the cryptocurrency market has displayed a strong bounce back in its valuation. Further, the Bitcoin price has successfully reclaimed the $60,000 mark, highlighting increased positive influence in the crypto space. Following this, top altcoins have displayed a similar price action by adding significant valuation to their …
Another unicorn has entered the race the develop human-level AI.
Former President Donald Trump’s chances of winning the U.S. presidential election jumped following a failed assassination attempt on Saturday. Around 10 minutes into Trump’s speech at a rally in Pennsylvania, shots were fired. Trump was injured in his right ear and could be seen with his face streaked with blood. He was pumping his fist […]
The post Trump assassination attempt boosts election odds to ATH, Polymarket data shows appeared first on CryptoSlate.
According to a recent survey by CoinGecko, many crypto investors are feeling pessimistic about the crypto market’s recent price performance. The performance of Bitcoin and other cryptocurrencies undoubtedly left many investors wanting in June and the first week of July. Related Reading: Bitcoin Forms Bullish On-Chain Signal That Led To 200% Price Rally Last Time […]
Crypto Twitter celebrated Trump's safety—and yes, the impact of the attack of crypto in the U.S.—following a big week for Bitcoin sales.
Ethereum (ETH) is gearing up for a price uptick as we begin a new week. Ethereum is currently trading at $3,195 and is up by 1.83% in the past 24 hours. Although Ethereum’s gains are part of a wider market rally after a rebound, the altcoin is in the best position to surge the most in the coming weeks. Related Reading: Bullish Bitcoin Indicator Which Led To A Reversal Has Returned, Is $70,000 Possible? Fundamentals point to an extended price surge in the face of a looming launch of Spot ETFs. Additionally, technical indications are pointing to a bullish outlook for Ethereum as it approaches a crucial resistance level around $3,250. Ethereum Basking In Bullish Sentiment Ethereum is now looking to break above $3,200 after trading for the majority of the week below $3,100. Although Ethereum broke above $3,000 again last week, the king of altcoins largely consolidated between $3,000 and $3,100 in what looked like a slowdown of bullish sentiment. However, on-chain analytics and fundamentals point to Ether still basking in bullish sentiment among investors. Majority of investors are waiting for a signal before jumping on the asset. For starters, there’s a growing sense that Ethereum Spot ETFs could be on the horizon. VanEck and other potential issuers amended their filings earlier in the week in hopes of receiving the SEC’s final permission. It could be a game changer for the crypto market in 2024 if Spot Ethereum ETFs start trading. According to Thomas Perfumo, Head of Strategy at Kraken, the Spot ETFs could open up an additional $1 billion inflow into Ethereum monthly. This new inflow of demand and money could see Ethereum push past its current all-time high of $4,900 into new price territories above $5,000. According to multiple reports, things are taking a better turn for the approval of these Spot ETFs, and the potential for approval by the SEC has jumped massively. As noted by Eric Balchunas, senior ETF analyst at Bloomberg, everything is already in place for the approval of the ETFs, and it is unclear why the SEC is taking so long. This has led to an increase in a bullish case for Ethereum for the rest of the month. Yeah, rn it’s all quiet on the Western Front re eth ETFs. Nada from SEC this week. Unclear why they taking such sweet ass time. Every issuer is ready. Docs are ready. It’s like a rain delay in baseball. Gotta just wait. Maybe things will move fast next week. We’ll see… https://t.co/o1ZSdIf1nE — Eric Balchunas (@EricBalchunas) July 12, 2024 Related Reading: Bitcoin Whales Accumulate 71,000 BTC Amidst Price Dip – Details Indicators Looking Bullish On the technical side of things, technical indicators also support a bullish outlook. According to the daily candlestick chart, Ethereum is on its way to closing its third consecutive bullish daily candle for the first time since June 16. The crypto is also attempting a break above the 100 SMA. A break above the 100 SMA in correlation with a bullish daily close could solidify the bullish momentum as we head into a new week. Featured image from Reddit, chart from TradingView
According to the latest on-chain observation, the Bitcoin traders’ realized losses have reached a level that has proven critical to the coin’s movement multiple times in recent years. This begs the question — is the Bitcoin price bottoming out? Traders’ Realized Losses Below -12 Again — What Happened Last Time? In a recent post on […]
ICP’s DecaHack event highlighted the transformative potential of blockchain and the importance of nurturing talent in the sector.
Bitcoin bulls may be able to trap late sellers below key bull market trendlines as BTC price weekend gains pass 5%.
Bitcoin went on a downward spiral in the first week of July to strike a bottom below $54,000 amidst an exacerbated selloff by some large holders. Various reports using on-chain data have blamed the selloffs on the German state of Saxony selling the bitcoins it seized earlier in the year. Related Reading: Bullish Bitcoin Indicator Which Led To A Reversal Has Returned, Is $70,000 Possible? Despite this considerable selloff, Bitcoin has primarily held its ground, and bulls have been successful in preventing additional price drops. According to on-chain data, Bitcoin’s standoff can be attributed to some whales, as many of them jumped on the price decrease to top up their holdings. Notably, Bitcoin whales added 71,000 BTC to their wallets this week. Bitcoin Whales Acquire 71,000 BTC This Week This week, Bitcoin whales went on an absolute feeding frenzy by accumulating a whopping 71,000 BTC from crypto exchanges. While the German state of Saxony was busy offloading its crypto stash, these big players were more than happy to add to their already massive holdings. This interesting activity from the whales was first noted on social media platform X by IntoTheBlock. A look at the chart below shows that the accumulation was at its peak during Bitcoin’s 15% drop from $63,600 on July 1 to $53,905 on July 5. In addition to the whale accumulation, Spot Bitcoin ETFs witnessed steady inflows during the week despite the decline in the spot price. The funds recorded positive net flows every day during the week, with the largest net flow of $310 million on July 12. Bitcoin Holding Up The German state of Saxony sold over $2 billion worth of Bitcoin last week and flooded the market with many BTC. When this selloff initially started, many traders and market participants were skeptical about whether an already bearish Bitcoin could survive the selling pressure. Many analysts were even anticipating a price decline towards $47,000. On the other hand, other analysts believed that the selloff was exaggerated. Despite this back-and-forth scene, Bitcoin managed to scale through the selloff and absorb the impact of the selloff better than many would expect. This showed that the cryptocurrency has now achieved stability, preventing further price declines. It also highlights the growing maturity of the crypto market, which has been characterized by a high level of volatility over the years. A $2 billion selloff is very small compared to Bitcoin’s market cap of $1.18 trillion. To break it down, that $2 billion represents less than 0.2% of Bitcoin’s total market cap. Related Reading: Analysts Unanimous: Solana (SOL) To Soar 100% – Details At the time of writing, Bitcoin is trading at $59,960. The bulls are now setting their eyes on breaking above $60,000 again. Breaking and holding above $60,000 would set the stage for a further price increase in the coming week. Featured image from Getty Images, chart from TradingView
Musk and Sun's endorsements could significantly influence the crypto community's support, potentially reshaping the 2024 election dynamics.
The post Elon Musk, Justin Sun fully endorse Trump in presidential race after rally shooting appeared first on Crypto Briefing.
The continuous legal dispute over the Tornado Cash cryptocurrency mixer has the blockchain sector on alert as developers consider the disturbing consequences of assigning coders responsibility for the usage of their software by others. Related Reading: Binance CEO On Anniversary: 7 Years In, Lots Of Work Ahead The Pertsev Predicament Alexey Pertsev, the 31-year-old Russian […]
Alley Wurds discusses AI's impact on consciousness and transhumanism, enlisting ChatGPT to explore rituals and philosophy.
The post Top Mathematician Predicts 150X Bitcoin Gains, Sets $1 Million Target for 2034 appeared first on Coinpedia Fintech News
Mathematician Giovanni Santostasi argued that whether it was 10 years ago, 15 years ago, or today, it is always the right time to invest in Bitcoin due to the power law model. Santostasi, a neuroscientist and astrophysicist, is known for proposing the Bitcoin power law model. During an interview with Simply Bitcoin, he explained that …
Trump's increased re-election odds could significantly impact the crypto market, potentially boosting Bitcoin and the broader industry.
The post Bitcoin rises back above $60,000 as Trump’s re-election odds hit ATH on Polymarket post-shooting appeared first on Crypto Briefing.
The Bitcoin price has shown good signs of recovery over the past seven days, returning above $58,000 to end the week. Interestingly, a prominent crypto analyst on X has identified a chart formation signaling a potential continuation of this resurgence by the premier cryptocurrency. Bitcoin Price Prints This Chart Pattern — What Next? In a new post on the X platform, popular crypto analyst Ali Martinez shared an exciting analysis for the Bitcoin price over the next few days. According to the crypto pundit, the flagship cryptocurrency seems to be at a critical point for a bullish breakout that could see its price reclaim former highs. The rationale behind Martinez’s projection is the formation of an ascending triangle pattern on the Bitcoin four-hour price chart. An ascending triangle refers to a technical analysis pattern that features a horizontal line drawn along swing highs and a rising trendline drawn along swing lows. Related Reading: Why Did The Cardano Price Surge 17% Amid The Crypto Market Crash? Typically, ascending triangles are referred to as continuation patterns, as price often breaks out of the triangle in the prevalent trend direction (uptrend or downtrend) in the triangle formation. However, this is not always the case with the chart pattern. Martinez highlighted that if the Bitcoin price successfully breaks above the triangle’s horizontal line, which is set around the $59,200 resistance level, it could continue its recovery journey. According to the analyst, the premier cryptocurrency could rally as high as the $63,800 mark. As of this writing, the price of Bitcoin stands at $59,431, breaking above the $59,200 following the failed assassination attempt on United States former President and vocal Bitcoin supporter Donald Trump. A sustained break above this level would make the $63,800 price projection more likely than ever. BTC Weighted Sentiment Falls To Lowest Level Since 2020 In another post on X, Martinez revealed that Bitcoin’s weighted sentiment witnessed a plunge following the coin’s recent decline to $53,300. According to data from Santiment, the weighted sentiment fell to -2 on July 5, its lowest level since the COVID-19 crash in March 2020. A negative sentiment is not exactly a good sign for the Bitcoin price, as it could be a signal of further downside for the coin. Although the Bitcoin weighted sentiment hit a multi-year low a little over a week ago, it is currently moving towards the positive side. Related Reading: 180% Upside For Fetch.ai (FET)? Analyst Makes Bold Prediction Amid Market Jitters However, the metric is still negative at around -0.47 based on Martinez’s post on Saturday, July 13. This could imply further downside for the price of flagship cryptocurrency. Featured image from iStock, chart from TradingView