Bitcoin Cash Price Update: BCH/USD bulls save strength before a move to $250.00
Bitcoin Cash (BCH) topped at $246.04 on Wednesday and retreated to $243.00 by the time ow writing. Despite some wild price gyrations, BCH has stayed mostly unchanged both on a day-to-day basis and since the beginning of Thursday. The coin takes 5th place in the global cryptocurrency rating and has the market capitalization of $4.47 billion, while an average daily trading volume is registered at $1.37 billion. On a weekly basis, the coin's price has grown by 11%.
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Stellar Price Analysis: XLM/USD goes wild, stops short of $0.1000
Stellar (XLM), the 13th largest digital asset, has gone wild on Thursday. The coin hit $0.0990, which is the highest level since September 2019, and dropped to $0.0920 by the time of writing. Despite the sell-off, XLM is the best-performing altcoin out of top-20 with over 21% of gains on a day-to-day basis. Moreover, since the begining of the week, XLM/USD has gained 33%.
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Monero Market Analysis: XMR/USD surges over 3% on a daily basis
The crypto market is back in the red after a fruitful trading session on Wednesday. The larger cryptocurrencies are leading with retreat, especially for Bitcoin and Ripple. Monero (XMR) and a few other selected cryptoassets have managed hold in the green in spite of the growing bearish grip across the board. XMR/USD is trading 3.44% higher on the day and with a market value of $68.52. As the volatility expands, the bullish action is likely to increase its momentum.
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Bitcoin still consolidates despite positive spot ETFs demand
Bitcoin (BTC) trades slightly up, around $64,000 on Thursday, following a rejection from the upper consolidation level of $64,700 the previous day. BTC’s price has been consolidating between $62,000 and $64,700 for the past week.
Why is ONDO’s price outlook bullish?
DefiLlama data shows that Ondo TVL reached a new ATH of $613.75 million. Ondo’s Supply Distribution metric shows whale accumulation. On-chain data shows that ONDO’s daily trading volume is rising, and the supply of exchanges is decreasing.
Maker price eyes a rally on technicals and on-chain metrics
Maker trades above $1,500 on Thursday, suggesting a potential rally as technical indicators show bullish divergence. This positive outlook is reinforced by MKR’s Exchange Flow Balance, which shows a negative spike, indicating growing investor confidence in the platform.
Bitcoin: Fed-led rally could have legs towards $65,000
Bitcoin is poised for a second consecutive week of gains, supported by the recent 50-basis-point cut in interest rates by the Federal Reserve. Bitcoin broke above several key technical resistances this week, signaling a rally continuation.
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