Search Results for: Cryptonews.com

“In this digital assets world, Terra Luna Classic’s LUNC stands out with its current price of $0.00006 and potential leap to $3 in two years. Its symmetrical triangle formation and possible bearish break hint at market volatility, making resistance and support levels important to monitor. In contrast, new altcoin TG.Casino’s TGC showcases utility and staking capabilities in a decentralized casino platform.”

Bitcoin displays impressive tenacity, standing at $27,973 with market capitalization of $545.69 billion. From a technical perspective, crucial price points include resistance at $28,350 and support at $26,630. While the Relative Strength Index suggests slight bearish sentiment, the Bitcoin forecast remains predominantly bullish, provided it maintains above the $27,500 mark. However, the crypto market’s volatility calls for careful strategy adjustment.

ProShares Advisors has marked ether’s inaugural entry into the ETF market with six new futures products. These ETFs, backed by ether’s futures contract performance, provide regulated crypto market exposure. This development coexists with the ongoing SEC review of a prospective spot bitcoin ETF.

XRP, the cryptocurrency standing at rank #5 based on the CoinMarketCap, is prompting speculation of bouncing back as its trading volume surpasses the $500 million mark daily, with its price at $0.52255. Despite appearing bearish, the technical indicators hint at a likely bullish trend continuation at the $0.5200 marker.

“Bitcoin might hit a promising valuation of $28,435 by mid-October, a prospective 9% climb with the recent Nonfarm Payroll data showing boosted job positions. Bitcoin trades at $27,922, indicating a 4% raise over the past week, with a robust 24-hour trade volume exceeding $13 billion.”

“The four-hour timeframe sheds light on promising price action for Bitcoin, showing a soaring labor market in the cryptocurrency domain. The current Bitcoin price stands at $28,000, demonstrating a robust 24-hour trading volume of around $12.63 billion, reflecting an overall bullish sentiment.”

“Bitcoin shows determination to climb back over the $28,000 limit, despite an initial drop following the release of robust U.S job figures. Anticipation of continued ascension within the primary uptrend is palpable, potentially triggering swift move back above $30,000, with an accelerated 7-8% gain.”

AVAX, the engine behind the Avalanche blockchain protocol, has experienced significant gains, augmented by the launch of Stars Arena, a SocialFi platform on its blockchain. Rising on-chain activities and increased traction in Star Arena could further solidify AVAX’s price stance, potentially leading to significant future growth.

The analytics company, FundStrat, reveals a consistent contraction in venture capital funding for crypto companies, largely due to ongoing market stagnation. Despite reduced numbers, interest in crypto remains. Crypto infrastructure companies and Web3 and NFTs have seen significant investments. Investors are urged to consider high-risk-high-reward strategies in crypto presales.

“A notable Bitcoin options expiry event involving roughly 14,000 contracts, valued around $400 million, is set for October 6. With a ‘max pain’ point at $27,000, and a near even split between long and short positions, this event could significantly influence the market. Alongside, 200,000 Ether options contracts also expire, potentially altering the market dynamics.”

“Binance, the world’s top cryptocurrency exchange, continues to undergo a significant drop in its spot market share, marking the 7th consecutive month of decline. The report attributes this decrease to the end of a zero-fee trading promotion, escalating regulatory concerns, and increased competition from alternative platforms. This suggests that short-term promotional strategies may not prove sustainable amid persistent regulatory challenges.”

As U.S. cities and organizations initiate basic income pilot programs, a potential surge in crypto trading is predicted. A 2020 study showed a rise in Bitcoin trades after distribution of economic stimulus checks. Upcoming trials providing unconditional cash transfers may lead to increased trading in cryptocurrencies including AVAX, Bitcoin Minetrix, Rollbit Coin, Meme Kombat, and ADA.

The world’s premier cryptocurrency, Bitcoin, experienced price fluctuations following a strong US jobs report for September. With the US economy’s progression, experts foresee two possibilities: a higher interest rate from the Federal Reserve, and maintaining these rates for a longer period. Consequently, Bitcoin showed a minor plunge before bouncing towards a 3% rise from its session lows. There seems to be a growing acceptance towards higher interest rates among Bitcoin investors, showcasing the currency’s resilience.