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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Dogecoin Price Forecast: Bulls deploy $355M in DOGE longs amid Gensler exit confirmation
Dogecoin price crossed $0.40 on Friday, after a weeklong consolidation that saw DOGE tumble 13% from last week’s peak. Derivative market reports link the DOGE rally to Gary Gensler’s imminent exit.
Crypto Today: XRP gains 10%, Cardano, XRP, and DOGE price rallies, delay Bitcoin’s $100K breakout
The global cryptocurrency sector pulled $230 million capital inflows on Friday, as markets reacted positively to news of SEC Chair Gary Gensler’s imminent exit.
Cardano Price Forecast: ADA could rally by another 30% as on-chain data signals bullish sentiment
Cardano (ADA) surged 24% to $0.98 on Friday following rising weekly active addresses, increased open interest and spot buying pressure.
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange
Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.
Bitcoin: Rally expected to continue as BTC nears $100K
Bitcoin (BTC) reached a new all-time high of $99,419, just inches away from the $100K milestone and has rallied over 9% so far this week. This bullish momentum was supported by the rising Bitcoin spot Exchange Traded Funds (ETF), which accounted for over $2.8 billion inflow until Thursday. BlackRock and Grayscale’s recent launch of the Bitcoin ETF options also fueled the rally this week.
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