With the recent surge in Bitcoins (BTC) price, altcoins are starting to show signs of promise and exhibit small gains, but whether a potential spot Bitcoin ETF approval will positively impact their price remains to be seen. Looking at the historical performance of altcoins and their respective accumulation and retest phases, certain parallels can be drawn that indicate that a ...
This week started with a $4,000 Bitcoin (BTC) rally, accruing 10% gains from the lowest to the highest price on January 8. Some cryptocurrencies followed the leader, which overperformed the cryptocurrency market, increasing its capitalization dominance to over 54%. Nevertheless, some cryptocurrencies are laggards in this bull rally, still dominated by short positions, with remaining liquidity upwards. These higher-priced liquidity ...
As the general outlook in the cryptocurrency industry leans towards optimism and Bitcoin (BTC) successfully recovers the crucial price threshold of $47,000, investors are contemplating whether to allocate their portfolios to crypto-related businesses. Offering insights on the recent developments, Jim Cramer, renowned for his dynamic personality and outspoken opinions on stocks and cryptocurrencies, has weighed in on the matter. In ...
With the anticipation of the first spot Bitcoin (BTC) exchange-traded fund (ETF) fueling a rally in the cryptocurrency sector, Cardano (ADA) is keeping up with the sentiment, adding over 6% to its price in a single day as it moves to overturn the losses from previous weeks. Furthermore, Cardano is demonstrating a chart pattern eerily similar to its price action ...
As many assets in the cryptocurrency market take a more bullish turn, Solana (SOL) is no exception, having raced nearly 13% in one day as it follows the cue from the industry’s representative, Bitcoin (BTC), and prepares for more significant price gains in the near future. Indeed, Solana is demonstrating signs of forming a bull flag on its hourly chart, ...
Last year was fairly dynamic for Avalanche (AVAX) as It was marked by a string of major partnerships including the ones with the gaming company BLRD and a key provider of cloud computing infrastructure – Amazon’s (NASDAQ: AMZN) AWS. In the final months of 2023, AVAX was also making interesting moves on the crypto market – both in terms of ...
As the week starts, the broader cryptocurrency market is witnessing losses in what might be a wary response to the possible approval of a spot Bitcoin ETF. Altcoins are facing challenges as the week of the potential Bitcoin ETF approaches. This is unsurprising given the current emphasis on Bitcoin (BTC). However, momentum is expected to return to altcoins after the ...
Amid his repeated warnings of an upcoming crash of multiple markets, renowned investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, has shared what he believes are the best investments for 2024. Specifically, in Kiyosaki’s view, commodities and resources are the superior investment in 2024, and the best conference to learn more about this ...
With Bitcoin (BTC) price hanging around the $44,000 zone and trading sideways for the past few days, investors are wondering whether the trend could change in the near future, particularly amid the looming possibility of an approval of the first spot Bitcoin exchange-traded fund (ETF). As it happens, Bitcoin is looking at one of the strongest support walls between $42,560 ...
After a sudden dip that retraced the Bitcoin (BTC) price, this flagship crypto is slowly recuperating, and one pattern can be a sign of bullish things to come. BTC has recently experienced a significant event in the trading realm known as the “Golden Cross.” This occurrence marks the first time this bullish pattern has manifested on the weekly chart, as ...
