BTC hits $70K as investors lock eyes on US elections in November
Bitcoin started the week on a strong note, rising above $70,000, with prices indicating a bullish outlook amid increasing correlation with the upcoming US elections, according to VanEck's Head of Digital Asset Research Matthew Sigel. Institutional investors have also shown positive sentiment toward crypto ETFs, which recorded net inflows totaling $901 million last week.
Bitcoin Cash Price Forecast: Technical and on-chain metrics suggest a rally ahead
Bitcoin Cash (BCH) continues to trade in green on Tuesday and is approaching its descending trendline; a successful close would suggest a bullish move ahead. On-chain data further supports the bullish thesis, as BCH’s long-to-short ratio is above one, and its funding rate is positive, all hinting at a possible rally ahead.
FTT plunges as FTX reaches $228 million cash settlement with Bybit
In a filing uploaded on Monday, the defunct exchange FTX reached a $228 million cash settlement with the Bybit crypto exchange to support its cash repayment to creditors. The settlement entails that FTX will recover $175 million in assets held in Bybit and an agreement that the latter's trading arm, Miranda, will purchase 105.4 million FTX debtor's BIT tokens for $52.7 million.
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Solana could break above $190 as network activity rises
Solana price corrects from Tuesday’s high above $183 after rallying alongside Bitcoin. The number of unique active wallets has doubled in the past five days, according to on-chain data.
Bitcoin Price Forecast: Flirting with fresh all-time high
Bitcoin is close to its all-time high, making a high of $73,620 on Tuesday and correcting slightly afterward. US spot Bitcoin ETFs posted $827 million in inflows on Tuesday, the third largest single-day inflow since their launch in January.
Top 3 meme coins Dogecoin, Shiba Inu and PEPE hold recent gains after Bitcoin’s flirt with fresh all-time high
Bitcoin inched closer to testing its all-time high on Tuesday, reaching $73,620. Dogecoin, Shiba Inu and PEPE rallied alongside the largest crypto, correcting in the early hours of Wednesday.
SUI: Fresh all-time high likely, fueled by increased chain activity
Sui hovers around $2.08 on Wednesday after bouncing from a key support level on Monday, signaling chances of hitting a new all-time high in the short term. TVL value is rising, indicating more users deposit or use assets within SUI-based protocols.
Bitcoin: New all-time high at $78,900 looks feasible
Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.
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