Elon Musk buys Bitcoin igniting the next bull run
The cryptocurrency market is a bust of activities as we usher in the weekend session. Dogecoin was pumped by traders on Reddit and speculators on Twitter, leading to a 600% upswing. However, the most intriguing and unexpected news is that the founder of Tesla, the leading manufacturer of electric vehicles, Elon Musk, has finally purchased Bitcoin. Read more...
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Ripple on the brink of 40% upsurge targeting $0.38
Ripple is among the cryptocurrencies that are likely to have benefited from the Dogecoin’s rally. After holding tight in consolidation, the cross-border token spiked, briefly stepping above $0.3. The least resistance path is currently on the upside, as the bulls fight to sustain the uptrend. Read more...
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ZIL on the verge of a 67% move following extended consolidation
Zilliqa has been in consolidation after correcting from the December 2020 high of $0.099. Despite the rally observed across the cryptocurrency market in January, ZIL remained relatively stable, especially after holding above $0.05. Meanwhile, the high transaction throughput token is dancing at $0.065 while looking forward to a potential breakout eyeing highs above $0.1. Read more...
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Ripple on-chain metrics show bullish signs amidst legal struggle with SEC, XRP eyes recovery
Ripple made a comeback above $0.48 on Tuesday and hovers above that level in Wednesday’s European session. Ripple on-chain metrics such as transaction volume and Network Realized Profit/Loss have turned bullish, supporting a recovery in the altcoin.
Bitcoin price falls amidst German government transfers, miners activity
Bitcoin (BTC) extends correction on Wednesday and hovers around $61,000 after finding resistance near the $64,000 level on Monday. Recent on-chain data indicates heightened selling activity from Bitcoin miners early in the week.
Crypto Today: Bitcoin erases gains from end of June, Ethereum declines while Ripple holds
Bitcoin wipes out gains from the last week of June and falls below $60,000 on Wednesday. Ethereum and top altcoins ranked by market capitalization erased gains as the inflation outlook worsened. Ripple holds on to recent gains and hovers above $0.48 on Wednesday.
Three reasons why altcoins could shake off losses this week
On-chain data from Santiment shows that altcoins are currently in the opportunity zone, or generating buy signals. The top three altcoins in the buy zone are Basic Attention Token (BAT), Chromia (CHR), and Highstreet (HIGH), per Santiment.
Bitcoin: BTC price correction could end in July, according to seasonal data
Bitcoin (BTC) price appears poised for a decline this week, influenced by slight outflows in US spot ETFs, selling activity among BTC miners, and a combined transfer of 4,690.28 BTC to centralized exchanges by the US and German governments.