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Cryptocurrency News Articles
Bitcoin (BTC) Price Approaches Monthly Highs as Market Sentiment Improves
Sep 25, 2024 at 04:05 pm
The crypto market rose 1.2% in 24 hours to $2.25 trillion, approaching the highs set exactly one month ago. New highs could attract more buyers and signal a break in the multi-month downtrend.
Crypto market adds 1.2% in 24 hours, approaching highs
The crypto market rose 1.2% in 24 hours to $2.25 trillion, approaching the highs set exactly one month ago. New highs could attract more buyers and signal a break in the multi-month downtrend.
The sentiment index rose to 59, the highest since late July, which looks like the optimal range for further gains. It is far from extreme greed, which signals overbought conditions, and fear-selling is behind us.
Bitcoin hit a new monthly high of $64.7K early on Wednesday but has since pulled back around $1000 – a common pattern of late. The first cryptocurrency has been struggling to find equilibrium near the highs of late last month and the 200-day moving average. It will take new data and momentum to tip the price out of equilibrium. There is a risk that short-term gains in risk appetite on policy easing in the US and China will fade.
Tron gives up positions for the second day
Tron is giving up positions for the second day in what so far looks like new bearish momentum after a corrective bounce. The focus will be on how the coin behaves on the decline from the current $0.15 to $0.1450. An update of the local lows will take the main scenario down to $0.132. The ability to stay above it will potentially open the way for an upate of the highs at $0.168.
News in brief:
10x Research: Bitcoin could hit new all-time highs in October on Fed rate cuts, upcoming FTX payments
Ethereum has grown almost twice as fast as Bitcoin since the Fed’s rate cut on 18 September. Following the monetary easing in the US, funding rates for ETH-based perpetual futures turned positive, according to CoinGlass data, reflecting increased demand for leveraged long positions.
Interest in the Ethereum options market has shifted from puts to calls, according to QCP Capital. The implied volatility of ETH contracts exceeds that of Bitcoin by 9%, suggesting improved sentiment and potentially greater price movement.
Solana has opened pre-orders for the PSG1 blockchain-enabled handheld gaming console. The PSG1 supports Solana blockchain-based games and has a built-in hardware wallet.
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- Solana-Based Meme Coin POPCAT Hits $1B Market Cap, Cat-Themed Tokens Rally
- Sep 25, 2024 at 08:25 pm
- Solana-based memecoin POPCAT hit an all-time high on Sep. 25 as its market cap shot past the $1 billion mark. At press time, Popcat (POPCAT) was still up 10% over the past day
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- Unpacking Solana (SOL)’s 633% Surge: A Technical Analysis
- Sep 25, 2024 at 08:25 pm
- Meanwhile, JetBolt (JBOLT), a new entrant in the crypto space, is rapidly capturing attention with its cutting-edge features and zero gas technology. This article will explore the recent performances of Solana, Ripple, and JetBolt, analyzing their market dynamics and implications for the crypto landscape.
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- Will the CELO Token Reach $1 Following Its Bullish Breakout From a Falling Channel and a Surge Above the 200-Day Exponential Moving Average (EMA)?
- Sep 25, 2024 at 08:25 pm
- As the Web3 and layer-2 network space experiences significant growth, CELO is witnessing an increase in daily active addresses.
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- Joe Manganiello Delves Deep into Crocodile's Psyche as He Joins the 'One Piece' Live-Action Series
- Sep 25, 2024 at 08:25 pm
- One of the biggest announcements related to the One Piece live-action series has been the addition of Joe Manganiello in the second season as Crocodile.
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- PEPE Coin (PEPE) and Raboo ($RABT) Are Now the New Investment Options for PEPE Investors in the Meme Coin Market
- Sep 25, 2024 at 08:25 pm
- In the ever-volatile world of meme coins, PEPE investors are now exploring new opportunities with Binance Coin (BNB) and Raboo ($RABT), an ERC20 token that has captured attention with its massive growth potential.
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- EXMO Cryptocurrency Staking: How to Generate Passive Income From Crypto
- Sep 25, 2024 at 08:25 pm
- Cryptocurrency staking is a process in which owners of digital assets temporarily blockchain their coins to support a blockchain based on the Proof
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- Donald Trump and His Family Announce the Launch of Their New Cryptocurrency Venture, World Liberty Financial
- Sep 25, 2024 at 08:25 pm
- Former US President, Donald Trump and his family announced the launch of their new cryptocurrency venture World Liberty Financial in an X live stream on Tuesday.
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- Space ID (SPID) Price Prediction 2024-2030: Will SPID Price Hit $1 Mark?
- Sep 25, 2024 at 08:25 pm
- SPACE ID is a universal name service network with a single-stop identity platform. With Space ID, users can discover, register, trade, and manage web3 domains.
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- DTX Exchange Leads The Billion-Dollar Trading Industry
- Sep 25, 2024 at 08:25 pm
- Big investors from Ethereum (ETH) and Dogecoin are betting heavily on the DTX Exchange (DTX) because of its ability to lead in the exchange space.