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Cryptocurrency News Articles
Ethereum (ETH) Bulls Target Double-Digit Monthly Gains, Bitcoin (BTC) Leads in Monthly Returns
Sep 28, 2024 at 05:00 pm
Most cryptocurrencies were trading in the green on Friday after making decent advances between Wednesday and Thursday. In fact, the market-wide gains
Cryptocurrencies were largely seen trading in the green on Friday, following decent advances between Wednesday and Thursday. The market-wide gains reversed an early midweek dip, which came after a sluggish start to the week.
Ethereum (ETH), which has seen renewed strength in recent weeks, was trading at $2,689 at press time, with bulls eyeing a close above $2,770 for the first time since August 24.
Here, it is interesting to note that ETH has been outpacing Bitcoin in the second half of the month, notching up gains of 16.34% since 15 September.
That’s not all though. As per data from Coinglass, ETH’s price moved up 11.26% last week, while BTC registered a 7.38% uptick. Both cryptocurrencies have slowed this week but are still set to post their third consecutive weekly gains.
Bitcoin bulls target double-digit monthly gains
Overlooking its recently rejuvenated action though, Ethereum has fallen by 20.75% over the last three months. This decline is especially pronounced given the expectations of a rally after the 23 July launch of a U.S spot Ethereum exchange-traded fund (ETF). The institution-focused offering, however, has seen mixed results so far.
With three more days to go, Bitcoin leads the flagship altcoin in monthly returns. In fact, BTC price's trajectory put it on track to lock in double-digit monthly profits if it maintains a price above $65K. Ether, on the contrary, was positioned for a 5.70% gain across September at its press time price.
BTC and ETH price targets ahead of Q4
Heading into the weekend, traders will be eyeing the monthly closes for the respective cryptocurrencies. At press time, BTC was trading in no-man’s land near $66,000, with support established around $62,800. Meanwhile, ETH was holding steady above $2,600.
Analysts have set a short-term price target in the $68k to $70k range for BTC and in the $2,760 to $2,820 range for ETH. However, a potential pullback is on the cards if the momentum wanes, especially for long positions. Momentum exhaustion would allow bears to take over the weekend and drag prices down, like they did in July.
Bitcoin retracement targets to the downside include a return below $62,000, with a possibility of a slump as deep as $57,400. Ether, for its part, saw rejection at $2,770 on 24 August, pulling its price back to $2,430 three days later.
ETH price’s upside potential was also seen facing pressure from greater Ether issuance, which could weigh on the spot movement. In fact, data from Ultrasound Money showed that a total of 54,098.4 ETH has been added to the supply over the last 30 days, indicating an annualized inflation rate of 0.547%.
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- Bitcoin Whales Spotlight 4 Hidden Gems With 10,000% Return Potential by 2025: FXGuys ($FXG) Leads the Pack
- Sep 28, 2024 at 08:15 pm
- Bitcoin whales are known for their ability to spot hidden gems with the potential for massive gains. With 2025 on the horizon, one whale has spotlighted four projects across both TradFi (Traditional Finance) and DeFi (Decentralized Finance) that could deliver jaw-dropping returns. FXGuys ($FXG) leads the pack, an innovative PropFi token, followed by other up-and-coming stars like ARB, SEI, and KAS.
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- MOODENG: A New Meme Coin Trend Is Taking the Cryptocurrency Market by Storm
- Sep 28, 2024 at 08:15 pm
- Infact Moo Deng also known as MOODENG is one of the newly trending firm in the market of cryptocurrency. As a result of these factors, this token has since made significant gains on Solana.
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- Bitgert (BRISE) vs Neiro (NEIRO) Price Prediction: BRISE Could Completely Outpace NEIRO in the Coming Weeks
- Sep 28, 2024 at 08:15 pm
- After Neiro launched, many influencers and meme coin lovers postulated that Neiro might be the game changer. However, the last few weeks show an entirely new picture, with over a 14% drop in trading volume in the last 24 hours and about a 23% drop in price trailing its ATH. The narrative around Neiro is changing, and it could be time to start looking outward for a better alternative; Bitgert could be offering a better move away from Neiro!
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- Top 20 Digital Assets with High Potential in Q4: An In-Depth Analysis
- Sep 28, 2024 at 08:15 pm
- Grayscale Research, the renowned research division of the leading asset management firm, has recently released its highly anticipated list of 20 digital assets
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- Polygon (POL) and Cybro (CYBR) Show Signs of Remarkable Growth, Stand Out as Potential Game-Changers in the Crypto World
- Sep 28, 2024 at 08:15 pm
- With the market poised for a significant upswing, these coins stand out as potential game-changers. Stay tuned to uncover what makes these digital assets worth watching in the upcoming surge.
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- Kaspa (KAS) Sees Significant Depreciation as Whales Focus Their Sights on Bitgert ($BRISE)
- Sep 28, 2024 at 08:15 pm
- When whales (investors who buy large amounts of one kind of cryptocurrency) begin to move towards Bitgert, it signals a change in market regime and confidence.
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- Health and Wealth (HEWE): A New Entrant into the Cryptocurrency Market
- Sep 28, 2024 at 08:15 pm
- The recent entrant into the cryptocurrency market is the Health and Wealth token, often abbreviated HEWE. Starting with active trading, this digital asset has attracted investors and admirers of cryptos by becoming a growth story within weeks of trading.
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- Bitgert Coin gradually taking over the Baby Doge Coin market share, BRISE might join the top 10 coins in the coming months
- Sep 28, 2024 at 08:15 pm
- BTC just crossed the much-coveted 65k and is selling above 66k, confirming a boost that could see us moving into the bull season. However, with the bull season comes the altcoin season, which could reshape the market and show us new projects with high-profit potential.
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- Cutoshi (CUTO) Presale Brings A Lucky Meme coin
- Sep 28, 2024 at 08:15 pm
- The crypto market is bouncing back, with several cryptocurrencies emerging as viable investment options. Interestingly, memecoins Popcat, Bonk, and Cutoshi are the leading ones.