3 reasons why Curve (CRV) price is trending toward a new 1-year high
This week CRV price rallied toward a new 1-year high, but what’s behind the move? This week cryptocurrency traders turned their focus to the pack of dog-themed meme tokens as altcoins like Shiba Inu and Dogecoin (DOGE) saw a surge in volume which resulted in SHIB hitting a new all-time high and the remaining Dogecoin clones booking some juicy gains. Traders are now debating whether the launch of the first Bitcoin (BTC) exchange-traded fund (ETF) kicked off the next leg of the bull market or if meme-tokens rallying is a top signal. While SHIB, DOGE and Samoyedcoin are the hot flavor of the....
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The Litecoin price continued to tail Bitcoin in its time of uptrend, and retested new higher highs - near 1.98 - during the 3/3 trading session. In later hours, the price went through a routine correction, and got dumped to as low as 1.92. This was the same time Bitcoin attempted a readjustment and fell to 276 from the intraday high 294. And now as the locomotive attempts yet another bounce back, its bogie Litecoin is doing something similar in the USD markets. As you can see the technical indicators in the 4H OKCOIN chart above, the Litecoin price is comfortably trending in a bullish....
According to Fidelity’s Jurrien Timmer, Bitcoin is currently undervalued. The benchmark crypto has been pushed back to 2020 levels after losing over 70% of its value in the past months. Related Reading | Crypto Traders Lose $280 Million Following Bitcoin’s Break Above $22,000 At the time of writing, Bitcoin has begun showing some green as it makes its way back above its 2017 all-time high levels. The cryptocurrency trades at $21,900 with a 1% profit in the last 24 hours. Bitcoin At 2013 Valuation Levels, Most Underpriced In Years Via Twitter, Timmer wrote about the Crypto Winter and....
[Note: All the price figures are counted in Satoshi]. After testing 743 as its new peak last month, the Dogecoin price appears to be on a constant downtrend, while waiting for a breakout. And in over the last 24 hours, the prevailing long-term bearish trend has further bolstered with the sudden Bitcoin rally towards $266. The DOGE/BTC lost some money there, probably due to the increase in demand of Bitcoins. In the process, the pair retested December 2014's low around 517, and bounced back towards north a little. As you can notice the technicalities further in above the 4H HitBTC charts,....
The price of bitcoin shot past the $400 mark today for the first time since November 2014. According to CoinDesk's USD Bitcoin Price Index (BPI), bitcoin opened the day at $359.35 before increasing over 11% to $403.30 at 17:15pm (UTC). It has since decreased to $401.79 at press time. The digital currency began the year hovering slightly over $300, before dropping below the $200 mark to $177.28 on 14th January. Today's peak price marks a yearly high for bitcoin, which is represents a 10.7% increase in value from its price on 3rd November last year, when it closed the day's trading at....
The Litecoin price is looking quite comfortable after yesterday's rally towards the intraday peak of 1.95. There is definitely no need to remind that the sudden upsurge has been influenced by the digital currency locomotive Bitcoin, whose very own value sky-rocketed amid a notable pump. And now when the latter is visibly attempting a new temporary support near 260, Litecoin is doing something similar around the 1.85 mark - like every time. As you can see on the 4H OKCOIN chart above, the technical indicators are exhibiting a near-term bullish bias in the market, because: The Litecoin Price....