What the US election could mean for Bitcoin
With less than a month until the US presidential elections, the race remains tight, with everything still to play for. At the time of writing, prediction markets and polls are giving Trump slightly higher odds of victory over Harris. But Harris has also pledged some support to crypto. This, combined with strong ETF inflows, has boosted Bitcoin to a two-week high, turning BTC positive in October.
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Ethereum Price Forecast: ETH shows mild signs of recovery
Ethereum (ETH) stabilizes around $2,600 on Tuesday after a 6.5% rally on Monday that led prices to break through key resistance levels. Some signs of a mild recovery emerged via inflows into Spot Exchange Traded Funds (ETFs) and a surge in open interest, indicating new buying activity and hinting at a continuation of the rally.
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Top 3 meme coins: Dogecoin, Shiba Inu and PEPE look set for further declines amid lower investor interest
Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE) all decline on Tuesday, partly erasing the gains registered on Monday. On-chain data from crypto intelligence platform Santiment suggest that a further price correction may be on the cards as the number of active addresses remains low – falling sharply from recent highs in DOGE’s case – and the MVRV ratio (market value to realized value) signals that the three meme coins are overvalued.
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Ethereum Price Forecast: ETH shows mild signs of recovery
Ethereum price broadly consolidates after breaking above its 50-day EMA at $2,535, suggesting a possible rally ahead. US spot Ethereum ETFs records an inflow of $17 million on Monday. Ethereum’s open interest surged more than 16%, indicating new buying activity.
Fantom price poised for a rally as on-chain data shows bullish bias
Fantom price is nearing its key resistance level at $0.746; a firm close above it could continue the rally. On-chain data paints a bullish picture, as FTM’s Exchange Flow Balance shows a negative spike and fees collected are the highest since November 2023.
Top 3 meme coins: Dogecoin, Shiba Inu and PEPE look set for further declines amid lower investor interest
Dogecoin, Shiba Inu and PEPE decline on Tuesday after gaining on Monday. The number of active addresses in DOGE has dropped sharply from its October 10 peak, while it edges up for SHIB and PEPE. The MVRV ratio shows that the top 3 meme coins are overvalued in the 30-day time frame.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC targets $70,000 as bullish momentum builds
Bitcoin is retesting the $66,000 resistance level; a firm close above it could continue its ongoing rally. Ethereum price broke above its resistance barrier, eyeing for a rally ahead. Ripple price is approaching the 200-day EMA at $0.553; a close above suggests a possible recovery.
Bitcoin Weekly Forecast: Will BTC decline further?
Bitcoin’s (BTC) price fell over 6% at some point this week until Thursday, extending losses for a second consecutive week, as it faced rejection from a key resistance barrier.
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