Bitcoin awaits final leg to price discovery, jumpstart crypto bull run
The bellwether cryptocurrency is back to trading above $19,000. The rejection from levels close to $20,000 lost traction before hitting $18,000. Buyers took advantage of the support at the 50 Simple Moving Average on the 4-hour chart and the ascending trendline to force the ongoing reversal. Read more...
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Ethereum holders take “wait and see” approach to ETH 2.0's launch, while technicals turn bearish
The launch of Ethereum 2.0 was expected to blast Ethereum towards $1,000 significantly. However, it seems that it will take longer for ETH to exchange hands at this level. The major takeaways of ETH 2.0 are the improvement of the protocol's scalability (to help bring down the too high transaction costs), efficiency, and speed. Read more...
Uniswap Price Prediction: UNI is breaking out as bulls target $4
UNI, the token of Uniswap – the largest DeFi project by the total value locked – is ready to break free from an ascending triangle pattern on a short-term time frame. At the time of writing, UNI/USD is changing hands at $3.73. The coin has recovered from the December 1 low of $3.38; however, it is still down 5.6% on a day-to-day basis. Read more...
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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC declines as resistance emerges near all-time high
Bitcoin and Ethereum are approaching their key support levels, and a sustained close below these marks could lead to further declines.
TON set to launch synthetic Bitcoin to boost its DeFi solutions
TON revealed its plan on Thursday to launch a synthetic Bitcoin token on its blockchain, allowing users to trade, stake, and earn yield using BTC. Following the announcement, TON is down over 3%.
Maker Price Forecast: MKR could stage 40% rally
MakerDAO is up 2% on Thursday and could be set for a 40% rise in the coming weeks if it successfully maintains an extended move above the descending trendline of a falling wedge. On-chain data also supports the bullish outlook after a four-month-long decline.
USDT market cap crosses $120 billion as stablecoins continue their uptrend
The stablecoin market cap continued its uptrend in October, characterized by USDT reaching a $120 billion market cap, according to a CCData report on Thursday. This indicates that investors are preparing liquidity to fuel more demand.
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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