Bitcoin Cracks $52,000, Why This Time It Could Sustain The Rally
Bitcoin has broken out of its range for the second time in the past month. The first cryptocurrency by market cap is making its way up from its yearly low, $29,900, after a season trending to the downside. At the time of writing, BTC trades at $52,333 with a 1.4% and 7% profit in the daily and weekly charts, respectively. Bitcoin smashed the major resistance at $52,000, as news about El Salvador buying its first BTC came out of that country’s presidential office. The bulls are back in control, it would seem, and Bitcoin could potentially rise to its next resistance level at around $56,000,....
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Today we are starting a new feature, The Alt-Cracks. With a near endless stream of altcoins on the market, altcoin related stories are similarly endless. The Alt-Cracks, and yes, we realize the name is a little funny, will be an attempt to pick up all the stories in the altcoin space that either didn't necessitate their own story or for another reason, fell through the cracks. By no means is it intended as a comprehensive list. The altcoin space is endless. We will miss some stories, and we welcome any leads by altcoin devs, community leaders or users. Likewise, stories covered in their....
THORChain (RUNE) has seen an important rally in the past month. The native token of this decentralized cross-chain bridge rose from its 2022 low at around $3 with 30% intra-day rallies to its current levels. Related Reading | THORChain Activates Feature, 30% Spike Follows, Can Bulls Sustain It? At the time of writing, RUNE’s price trades at $9 with an 11% profit in the past 24-hours and a 17% profit in the past week. According to analyst Alerzio from research firm Santiment, RUNE’s current rally has traders wondering if the token will be able to sustain its gains. The cryptocurrency....
Bitcoin has undergone a strong rally over the past few weeks and in the past few months. In the past 30 days alone, the coin is up 50%, while since March, the cryptocurrency has gained 350%. Bitcoin seems poised to move higher as the fundamentals of the space continue to align in favor of growth. But how far will the cryptocurrency rally? Can the coin sustain a move far above the previous all-time highs of […]
The second week of the Alt-cracks is a little late in coming, but as dozens of developers of dozens of coins tell their communities when features miss their target release date: better late than never. Darkcoin Exploit Discovered. Today, we have problems arising after Darkcoin's Darksend went open source, Charlie Lee dropping big hints about Litecoin, Unobtaium celebrates its birthday and a few releases and NXT is prepping for a big October. Darkcoin has been in the news a lot recently. First there was the price crash, then the price jump as it went open source. Now, we are seeing the....
Optimism (OP) has posted notable gains today, October 2, trading at $1.45, with a 5% increase in the last 24 hours. Furthermore, its price has gained 15% in the last seven days. OP’s rise coincides with the improvement in the general crypto market, which showed a remarkable recovery. However, whether OP will sustain the ongoing rally remains to be seen. But a close look at a few technical indicators may provide vital insights into its next price moves. OP Approaches Overbought Zone As Buyers Sustain Rally OP continues to show positive price momentum as buyers dominate the market.....