UNI Price Prediction: Uniswap is back in pennant, looking for a quick rally back to $6
Uniswap (UNI) price was able on Wednesday to stay back in the pennant that has been managing the price action since the beginning of December. More important was the re-entry above the green ascending trendline from June. Where plenty of cryptocurrencies are printing the worst performance, UNI is still on an uptrend since this summer, judging from the higher lows.
Ethereum could outshine Bitcoin in 2023 with massive growth in layer-2 transactions
Ethereum, the second largest cryptocurrency by market capitalization, witnessed massive growth in its ecosystem despite deflation in risk assets in 2022. Bloomberg strategists believe the altcoin is set to outshine the largest cryptocurrency, Bitcoin, in 2023.
SEC v. Ripple lawsuit update: Remittance network Ripple scores another small win in court
The US Securities and Exchange Commission (SEC) v. Ripple lawsuit dragged forward with a small win in favor of the remittance company. Judge Analisa Torres ruled in favor of payment giant Ripple, allowing the firm to redact documents submitted in connection with the Daubert Motion.
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Is Altcoin Season here as Bitcoin reaches a new all-time high?
Bitcoin reaches a new all-time high of $98,384 on Thursday, with altcoins following the suit. Reports highlight that the recent surge in altcoins was fueled by the victory of crypto-friendly candidate Donal Trump in the US presidential election.
Shanghai court confirms legal recognition of crypto ownership
A Shanghai court has confirmed that owning digital assets, including Bitcoin, is legal under Chinese law. Judge Sun Jie of the Shanghai Songjiang People’s Court shared this opinion through the WeChat account of the Shanghai High People’s Court.
BTC hits an all-time high above $97,850, inches away from the $100K mark
Bitcoin hit a new all-time high of $97,852 on Thursday, and the technical outlook suggests a possible continuation of the rally to $100,000. BTC futures have surged past the $100,000 price mark on Deribit, and Lookonchain data shows whales are accumulating.
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: New high of $100K or correction to $78K?
Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.
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