What Spurred the Recent Bitcoin Price Rally?
A bitcoin price rally has taken place recently after a brief test of the $200 support level. Some market analysts attribute this to the return in risk appetite, caused mostly by the pickup in commodities and oil prices, but others believe that there have been other factors in play. Bitcoin is typically considered a high-risk investment, along with other riskier holdings such as equities and commodity currencies. Prior to the bitcoin price rally in the past few days, the cryptocurrency had been heavily weighed down by speculations of a sharp downturn in China and the prospect of another....
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Ethereum Price Key Highlights. Ethereum price had been on a downtrend but is now forming a reversal pattern, signaling that an uptrend might be in the cards. Price still has to test the neckline at the 0.00230 level and make an upside break before confirming the potential rally. Ethereum price seems to be exhausted from its recent selloff, creating a double bottom after failing to break below the 0.00180 area. Bitcoin Price Weakness. Ethereum price took advantage of the bitcoin selloff that took place during the FOMC statement, as the Fed's decision to hike interest rates spurred demand....
Bitcoin's recent price rally received extensive coverage on various mainstream media outlets. The recent price rally exhibited by Bitcoin took the mainstream media by surprise. While the cryptocurrency community was waiting for it, others didn’t really expect it to happen so soon. Bitcoin, like any other commodity, is driven by demand and supply. In the past few weeks, the demand for Bitcoin has been high due to various economic and political factors across the world. Increased demand from investors looking for alternate financial assets, has driven its price above $900. Two months ago,....
This key trading metric alerted traders to FTM’s bullish outlook on each turn of the altcoin’s parabolic 500% rally. Fantom’s FTM asset has been one of the top trending tokens of the week, and it barely noticed Bitcoin’s (BTC) midweek swoon that halted many altcoin rallies. Despite Bitcoin’s price dropping below $43,000, FTM has added 114% in U.S. dollar terms and 127% in its BTC pair over the last seven days. FTM’s monthly stats look even more impressive, with nearly 500% growth against both benchmarks. While it is par for the course for altcoins to rally when Bitcoin consolidates, FTM’s....
Ethereum rallied from the hype generated by the Merge announcement. Although this is recent news, ETH already hit the $2,000 mark after the bearish July market. After over a month of price increases, ETH’s price closed in on the $2,000 mark. One of its highest since the entire crypto market crashed. However, the most recent rally has placed confidence in investors and traders alike. Related Reading: XRP Bulls Charge Hard To Pull Prices Up Past $0.34 After A Dismal August The Highly-Anticipated Merge The rally was because of the recent ETH Merge announcements that has been the talk of....
Bitcoin is now holding just above the $110,000 price level, but its recent pullback appears to have spurred a wave of uncertainty and fear in the market. Presently, this renewed uncertainty is observed among BTC key investors, who are now sending their holdings to crypto exchanges. Binance Dominating Bitcoin Whale Activity In a notable development, […]