How high can Bitcoin price go by 2024? Bitcoin (BTC) has experienced a 70% increase in value so far in 2023, driven by a banking crisis and optimism about the approval of a BTC exchange-traded fund (ETF) in the United States. Analysts predict that Bitcoin’s price could continue to rise for the rest of the … Read more
Bitcoin Retests $28,000 As Large Holders Accumulate Bitcoin has approached the $28,000 mark as on-chain data reveals that large investors have been accumulating the cryptocurrency. Data from Santiment shows that BTC investors with 100 to 1,000 BTC have significantly increased in number recently. The Supply Distribution indicator shows the total number of coins held by … Read more
Crypto Analyst Identifies 6 Overlooked Altcoins That Could Be Due For A Price Surge A Santiment analyst has identified six overlooked altcoins that could be primed for a rally. These tokens were chosen based on their network activity, including transaction volumes, network growth, and large transactions. The altcoins on the list are Bancor (BNT), Cartesi … Read more
Bitcoin experienced a sudden drop to $27,000 following the release of US employment data, which showed stronger-than-expected job growth. This was seen as negative for risk assets, including cryptocurrencies. However, Bitcoin quickly rebounded and the focus shifted back to the $27,700 level. The data raised the likelihood of a potential interest rate hike by the … Read more
Bitcoin (BTC) Hits Highest Price in a Month Bitcoin (BTC) has reached its highest price in over a month, exceeding $28,000. Analysts attribute this surge to optimism regarding ETFs and seasonality. Last week, traders at Bitbank, a Japanese exchange, had already predicted this milestone. The $28,500 level is viewed as a significant support from the … Read more
The price of Chainlink’s cryptocurrency, LINK, is currently trading above the $7.25 resistance level and is showing positive signs. It is consolidating its gains and could potentially see further increases above $7.50. There is a bullish trend line forming with support near $7.25 on the 4-hour chart. In terms of resistance, the price may face … Read more
The price of Ethereum has experienced a downward correction after failing to break the $1,670 resistance level. It is currently trading below $1,640 and the 100-hourly Simple Moving Average. A key bearish trend line is forming with resistance near $1,640. To see another increase, Ethereum must stay above the $1,600 support zone. If it fails … Read more
Why is Litecoin price up today? Litecoin (LTC) has seen a 3.85% increase in price, reaching a three-week high amid a broader cryptocurrency market rally. However, LTC has underperformed the crypto market in 2023, with a 3.85% decline year-to-date compared to the market’s 39% gains. The price increase is attributed to bets of a rate … Read more
The price of Binance Coin (BNB) has managed to stay above the key support level of $202 against the US Dollar. It is now slowly recovering and has the potential to rally if it moves above $220. The price has broken a major bearish trend line and is currently trading above $214 and the 100 … Read more
Ripple’s token price is showing signs of recovery against the US Dollar. To continue the upward trend, the price needs to break through resistance levels at $0.505 and $0.515. The price is currently trading below $0.505 and the 100 simple moving average (4 hours), facing resistance at $0.505. On the other hand, if the price … Read more
