All articles tagged with #crypto rally
Bitcoin's price has surged nearly 10% amid expectations that the Federal Reserve will end its quantitative tightening, potentially leading to increased money printing and a significant rise in bitcoin's value, with predictions of reaching $1 million.
Pudgy Penguins (PENGU) experienced a nearly 90% surge after a viral post from Justin Sun, TRON founder, which also coincided with speculation about a Spot PENGU ETF. Sun's efforts to reduce TRON's gas fees through new staking features aim to enhance network competitiveness, contributing to the positive market sentiment.
Crypto influencer Alex Cobb predicts XRP could reach $22.54 by December 2025, potentially making it a multi-trillion dollar asset and surpassing Ethereum in market cap if bullish trends continue, with some experts speculating a 'flippening' scenario.
Bitcoin briefly surpassed $112,000 to hit a new record high but pulled back slightly, with analysts suggesting the rally may stall if trade tensions escalate. The movement was influenced by risk-on sentiment, Fed interest rate expectations, and dollar weakness, but future gains depend on macroeconomic conditions and trade developments.
Viction (VIC) experienced a 60% surge in 24 hours driven by a $26 million liquidity inflow into the perpetual market, with strong on-chain activity and ecosystem upgrades supporting the rally. Market sentiment remains bullish, with traders betting on further gains, although the sustainability of the rally is uncertain.
Bitcoin surged past $70,000, signaling a potential end to the recent correction for crypto markets, with analysts setting a $83,000 price target after the breakout from a consolidation pattern. The rally didn't trigger mass short liquidations, suggesting limited use of leverage to bet on falling prices. The resurgence extended to other cryptocurrencies, with Ethereum's ether, Solana, and Avalanche also posting gains. The uptrend is supported by central banks' dovish stances and historical performance during U.S. election years, potentially driving BTC to new all-time highs.
Bitcoin reached its highest level since April 2022, driving gains in smaller cryptocurrencies. Altcoins saw increased trading activity, with XRP, Solana, Cardano, and Dogecoin experiencing price appreciation. The market share of altcoin trade volume reached its highest level since March 2022. Optimism around regulatory approval for bitcoin ETFs and expectations of Federal Reserve rate cuts have contributed to the crypto rally, despite recent scandals in the industry.
JPMorgan analysts have expressed skepticism about the recent crypto rally, stating that it is "rather overdone." They believe that the launch of bitcoin spot ETFs in the US is unlikely to attract fresh capital and that the upcoming bitcoin halving event is already priced in. The analysts also noted that the approval of spot ETFs by the SEC does not indicate a significant regulatory shift towards the crypto industry. They argue that existing bitcoin products and mining companies would likely benefit from spot ETFs, while new investors have shown limited interest in similar funds in other countries.
A trader who successfully rode the crypto rally this year warns that Bitcoin could experience a sell-off event as it struggles to break above the $30,000 level. The trader points to multiple headwinds, including resistance in the S&P 500 and ongoing issues at Binance, as potential catalysts for a significant downturn. However, the trader remains bullish on Bitcoin in the long term and sees any dips as buying opportunities. Caution is advised in the $30,000 to $32,000 range.
Bitcoin's rally continues as it surpasses $31,000 again, with a 1.8% jump in the past 24 hours. Institutional investors are showing increased interest in digital assets, with $125 million worth of inflows over the past week, mostly focused on Bitcoin. Ethereum is also performing well, nearing $2,000 per coin. Pepe, a newer meme coin, has seen significant gains but has also experienced a decline in value since its April peak.
Pseudonymous trader DonAlt, who successfully predicted this year's crypto turnaround, is close to flipping bullish on Bitcoin (BTC) as it consolidates around $27,000. DonAlt believes that the lack of follow-through from BTC bears after defending resistance at $30,000 suggests that Bitcoin is not yet done with its uptrend. He also notes that the longer it takes for the breakdown argument to materialize, the harder it is to make.
Analyst DonAlt predicts that Bitcoin could rally close to its all-time high of $69,000 if bulls can break through the resistance level at $33,000. However, he also expects a swift corrective move after the breakout rally. Fellow strategist Cred has a similar forecast, with the next area of concern at around $35,000. At the time of writing, Bitcoin is trading at $30,494.
Bitcoin's price has risen to $28,600, with traders looking at upcoming economic data as potential catalysts for a push above key levels that could confirm a new bull market. The psychologically important $30,000 level is being watched closely, as it was the price before last year's crypto crash.
Bitcoin's price has risen to $28,600, with traders looking at upcoming economic data as potential catalysts for a push above key levels that could confirm a new bull market. The psychologically important $30,000 level is being watched closely, as it was the price before last year's crypto crash.
Cryptocurrencies, including Bitcoin and Ether, resumed their rally on Friday, with Bitcoin trading at $26,709.00, its highest level since January 2021. The banking crisis this week has not affected crypto prices, with investors welcoming their resilience. However, the price moves are still heavily influenced by inflation and Federal Reserve rate hikes. Some analysts suggest that bitcoin is undergoing a narrative shift among the banking crisis.