Bitcoin price aims for $52K as stocks rebound fuels bullish return
BTC/USD adds to its overnight gains at the Wall Street open, but punters are still betting on another price dip. Bitcoin (BTC) attempted to crack $51,600 resistance throughout Dec. 7 as BTC/USD gained in line with an equities rebound.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin: "The trend is still up"Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency making repeated assaults on the $51,600 mark on Dec. 7.At the time of writing, the latest charge was ongoing, as the Wall St. open added further bullish momentum towards $52,000.....
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Solana (SOL) was one of the large-cap assets affected by the recent market downturn triggered by the US Federal Reserve’s rate cut. The Solana price succumbed to the bearish pressure and fell beneath $200 for the first time in over a month. While the price of SOL has continued its downward spiral in the past day, a prominent crypto analyst on X believes that the altcoin might be gearing for a rebound already. Below is how the Solana price could course-correct and resume its bullish trend. Can SOL Price Reclaim $200 Again? In a post on the X platform, crypto pundit Ali Martinez shared an....
The rally across top Bitcoin mining stocks could trap bulls as BTC price sentiment remains gloomy. Bitcoin (BTC) mining companies have suffered in 2022 due to the crypto bear market. Nonetheless, their stocks collectively saw a sharp rebound on July 6, raising hopes that investors have started to buy the dips.One of the intraday winners was Bitfarms (TSE: BITF), which surged by over 24% to close at $1.29. Similarly, Marathon Digital Asset Holdings (NASDAQ: MARA), Core Scientific (NASDAQ: CORZ), and Cathedra Bitcoin (CVE: CBIT) rose by over/around 12.5%, 16.22%, and 15%, respectively.MARA,....
What to Know: Ethereum’s recent drop doesn’t overshadow its long-term bullish potential; a rebound could benefit Ethereum-based projects like Maxi Doge. Maxi Doge’s presale has raised over $3.9M, with just hours left before a price increase. Strong marketing and staking rewards (78% p.a.) ensure that Maxi Doge has a strong foundation for growth. The sentiment around Ethereum ($ETH) is shifting. While it has faced some volatility in recent days, signs of a potential rebound are emerging. For crypto traders, a bullish Ethereum could have widespread implications, particularly for....
The world’s climatologists have determined that we have gone past the point of no return as far as reversing the damage done from burning fossil fuels. But they have also said that if current levels are not drastically reduced the problem will continue to worsen, eventually reaching exponential progression by 2035. The devastation to the world economy that this would cause is almost inconceivable. But the Canadian firm Arterran Renewable Fuels based out of British Columbia is attempting to tackle the problem of fossil fuel burning. Arterran has created a truly renewable fuel that does not....
Quick Facts: 1️⃣ Analysts see Bitcoin’s ‘Red October’ as a healthy mid-cycle reset, not a bear market, setting the stage for a strong bullish rebound in November. 2️⃣ With historical data showing a 47% average November return, experts maintain a $120,000 to $150,000 Bitcoin price target by the end of 2025. 3️⃣ Achieving high price […]