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Tag: Bitcoin

  • Bitcoin skyrockets to $44,000 as bulls brush bears aside

    Bitcoin skyrockets to $44,000 as bulls brush bears aside

    Bitcoin Bulls Touch 44k
    • Bitcoin price rose to a high of $44,100 on Coinbase on Tuesday as bullish sentiment strengthened.
    • The flagship cryptocurrency’s market cap also cross above $850 billion.
    • Analysts say a brief pullback is likely, though we could see prices rally to $47k-$48k.

    Bitcoin (BTC) price broke past $43,000 on Tuesday afternoon, rising as high as $44,100 on major cryptocurrency exchange Coinbase. This follows the breakout to above $42k on Monday as the world’s largest digital asset by market capitalization continued to enjoy the latest bullish ride.

    BTC is up 5% in the past 24 hours and 14% in the past week, trading at around $43,800. Its market cap has reached $850 billion after seven consecutive weekly green candles.

    According to data from Coinglass, more than $100 million in Bitcoin liquidations have occured in the past 24 hours, with over $80 million in shorts.

    BTC hits $44k, but is a pullback due?

    On Tuesday, the upsurge happened after a brief retreat from above $43k area, and with price hovering at this yearly high, it’s possible an extension could see buyers retest a crucial resistance level analysts have pointed out.

    According to crypto analyst Ali, a price correction for the benchmark cryptocurrency “is coming.”

    While the market may still rally higher, the analyst sees a potential pullback as highlighted by the TD Sequential indicator on both the daily and 3-day charts. The retreat could happen “within the next 7 to 48 hours,” Ali added, basing his prediction on the charts’ outlook.

    If Bitcoin continues higher, it could target the $47k-$48k area, which is a key resistance zone.

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  • Should you buy more Memeinator tokens as Bitcoin slips below $37k?

    Should you buy more Memeinator tokens as Bitcoin slips below $37k?

    Key takeaways

    The cryptocurrency market has been bearish since the start of the week, with Bitcoin and other major cryptocurrencies trading in the red zone. However, the Memeinator presale has just hit a new milestone and is set to go higher. 

    Bitcoin and altcoins underperform

    Bitcoin and altcoins have been underperforming over the last few days. BTC has lost more than 1% of its value over the last 24 hours. At press time, the price of Bitcoin stands at $36,912 per coin. 

    Leading altcoins including Ether, BNB, Solana, ADA, DOGE, and TRX, have all lost more than 2% of their value over the last 24 hours.

    What is Memeinator?

    Memeinator is a Web3 project designed to help content creators generate better content. It intends to change how people view memes. The project intends to leverage the hype around meme coins by providing users with numerous use cases.

    According to their whitepaper, Memeinator’s job is to destroy worthless memes, ensuring that there is a higher level of quality content available to users. 

    The project differs from thousands of other meme tokens because it offers users real-world utility. Per the whitepaper, Memeinator will use AI  to identify worthless memes, allowing users to know them and steer clear of them.

    The goal is to ensure that Memeinator becomes a $1 billion market-cap crypto project, turning it into one of the biggest meme coin projects in the Web3 ecosystem. The development team has also published a detailed roadmap that shows how Memeinator will reach the $1 billion market cap. 

    The Memeinator presale is currently in its seventh stage and has raised more than $1.5 million so far. In the first presale stage, the MMTR was sold for $0.01, but it has been increased to $0.014 in the current stage. The price will rise to $0.0485 by the end of the presale, giving early investors a whopping 132% ROI at listing. 

    Memeinator’s presale will soon enter the eighth stage

    The Memeinator presale will round up its seventh stage over the next few hours or days. So far, the team has raised more than $1.51 million of its $1.8 million target in the current stage. 

    Its native MMTR token can be purchased using ETH, USDT and USDC stablecoins. At the moment, the token is available to users on the Ethereum and BNChain blockchains. 

    Purchasing the MMTR token is easy as it involves connecting any of the supported wallets to the Memeinator website and buying the tokens using ETH, USDT and USDC coins. 

    Click here to read more about the Memeinator presale.

    Why is the Memeinator presale growing so fast?

    The Memeinator presale is growing so fast thanks to the increasing interest from investors. The project offers real-world utility to users and its MMTR token will power several activities on the platform. 

    Thanks to its utilities, Memeinator could gain massive adoption from degens, crypto natives, and speculators. The team believes that Memeinator’s use cases go beyond the crypto space, as content creators could use its services to gain access to quality memes. 

    Memeinator will take advantage of its AI technology to analyse and evaluate memes across the internet, identifying lower-quality memes to replace or destroy them. 

    MMTR holders will enjoy numerous incentives thanks to the token’s excellent features. The token has deflationary mechanisms and rewards for holders. Furthermore, the Memeinator team has allocated 20% of the tokens for marketing, CEX listing and liquidity. 

    Is the Memeinator a good project for investors? 

    Memeinator could become one of the biggest winners in the bull market if the project gains the right level of adoption. 

    This project will be leveraging AI and blockchain technology to provide excellent value to investors over the coming months and years. With the right level of adoption and the goal to reach a billion-dollar market cap, early investors would be the biggest winners.

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  • Bitcoin surpasses $37K following the election of a pro-BTC president in Argentina

    Bitcoin surpasses $37K following the election of a pro-BTC president in Argentina

    • At press time, Bitcoin was trading at $37,172.29.
    • BTC broke the $37K mark in the wake of Javier Milei’s victory in the Argentinian presidential elections.
    • Javier Milei is a pro-Bitcoin politician.

    Bitcoin experienced a surge, surpassing the $37,000 mark, in the wake of Javier Milei’s victory in the Argentine presidential election.

    Milei, a self-described anarcho-capitalist, clinched the presidency with a significant 55% of the votes, signalling a major political shift in the country.

    Pro-Bitcoin stance fuels market confidence

    Milei, celebrated for his pro-bitcoin stance, has positioned himself as a supporter of decentralized finance (DeFi) and a critic of central banks. His victory has resonated positively within the cryptocurrency community, with Bitcoin enthusiasts optimistic about the potential impact of a pro-bitcoin leader in Argentina.

    While Milei sees Bitcoin as a crucial tool for economic revival, it’s important to note that he has not proposed making Bitcoin legal tender in Argentina. Nevertheless, his commitment to reducing the influence of central banks and embracing decentralized financial systems has propelled Bitcoin to new heights.

    Market reacts amid AI token sector gains

    The broader cryptocurrency market witnessed an overall increase of nearly 2% in the past 24 hours, with the artificial intelligence (AI)-focused token sector leading the gains as explained in a previous news article. 

    The Bitcoin and broader cryptocurrency surge appears to be driven by both the political developments in Argentina and unrelated positive developments in rising AI projects.

    Bitcoin price movements

     

    Traders, however, are expressing caution, highlighting potential market reactions following the release of Federal Reserve meeting notes scheduled for Tuesday. The anticipation of low liquidity towards the end of the week adds an element of uncertainty to the market.

    As Bitcoin continues to make headlines with Milei’s victory, market participants will be closely monitoring global economic developments and central bank announcements for further insights into potential market shifts.

    This news marks a significant moment in the intersection of politics and cryptocurrency, emphasizing the growing influence of political leaders on the digital asset landscape.

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  • Bitcoin may hit $50,000 before halving, will Everlodge and Shiba Inu follow suit?

    Bitcoin may hit $50,000 before halving, will Everlodge and Shiba Inu follow suit?

    The cryptocurrency market is rife with anticipation and excitement as the community gears up for the next Bitcoin (BTC) halving event. 

    While the flagship cryptocurrency continues to set the tone for the market, other tokens like Shiba Inu (SHIB) and Everlodge (ELDG) are poised to join the party. 

    This article will explore the factors driving Bitcoin towards a potential $50,000 milestone before its halving and how this upward momentum could positively impact SHIB and ELDG.

    Bitcoin (BTC) preparing for a remarkable surge

    Bitcoin (BTC) is no stranger to price surges. Recently, prominent crypto analyst Michaël van de Poppe has sparked anticipation by suggesting that Bitcoin could surge to $50,000 before its next halving event. 

    This optimism is fueled by bullish indicators, including Bitcoin’s rising network activity. Notably, over 700,000 new addresses joined the Bitcoin network on November 4, as reported by crypto analyst Ali Martinez. 

    Not only that, the Bitcoin price even reached $35,902 on November 2 – a level not seen since May 2022. The next Bitcoin halving event, which will occur in April 2024, is historically associated with significant price surges, further contributing to the positive sentiment in the crypto space.

    Shiba Inu (SHIB) riding its coattails

    When Bitcoin experiences a significant price surge, it tends to trigger positive sentiment across the entire crypto market, including Shiba Inu (SHIB). The rise in Bitcoin’s price could propel Shiba Inu to higher levels as investors seek opportunities beyond the leading cryptocurrency.

    In recent Shiba Inu news, the project revealed “The Shib Magazine.” This magazine will offer insights into finance and beyond, demonstrating the project’s commitment to expanding its presence and providing valuable content to its community. 

    Due to all these reasons, experts predict that the Shiba Inu coin price could experience significant growth. They foresee its value reaching $0.00001620 before the BTC halving event within Q2 of 2024.

    Everlodge (ELDG): a hidden gem to watch

    Everlodge (ELDG) will be a unique blockchain-based project to revolutionize the real estate market. With its innovative approach to property ownership and passive income generation, ELDG has the potential to attract a wide range of investors. As Bitcoin’s price soars, the increased interest in the market can lead to greater visibility for hidden gems like ELDG.

    This upcoming property marketplace will digitize and mint real-world properties into NFTs, subsequently fractionalizing them to allow investors access to the global real estate market (valued at over $280T). As these properties appreciate, so do the NFTs associated with them, providing an opportunity for users to benefit from property value growth.

    Furthermore, Everlodge’s Rewards Club offers an additional avenue for passive income. Members can earn free nightly stays across the platform’s properties, similar to timeshare arrangements, with the option to resell these stays, generating a continuous source of passive income.

    But the Club will only be accessible to holders of ELDG native tokens. One ELDG token costs just $0.023 in Stage 6 of its presale. But, demand is high as millions of tokens have been sold already. Additionally, unlike Bitcoin and Shiba Inu – ELDG has a low market cap, meaning it will surge faster. Thus, experts predict a rise to $0.038 before its presale ends. 

    For more information about the Everlodge (ELDG) presale, you can visit their website here.

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  • Bitcoin May Be The Biggest Crypto, But Is This The Best?

    Bitcoin May Be The Biggest Crypto, But Is This The Best?

    Bitcoin (BTC) has long been the most recognizable and dominant player in the cryptocurrency world. BTC started it all and has consistently maintained its position as the gold standard. As the crypto universe expands, new competitors emerge, each with a unique proposition. Among these rising stars is InQubeta (QUBE), an AI-powered cryptocurrency that reve­rberates with possibility and innovation. But can InQubeta truly reign supreme as the best in the crypto space?

    InQubeta has revolutionized the cryptocurrency industry with innovative­ features, such as its deflationary mode­l. Its NFT marketplace has gained re­cognition among influential figures searching for ne­w DeFi crypto to inve­st in for substantial returns. Many crypto analysts are forecasting that InQube­ta will lead the next bull run due­ to its aim of bridging the gap between AI startups and investors.

    This article explores Bitcoin’s dominance and why InQubeta could claim the title of the best crypto.

    InQubeta (QUBE): Pioneering DeFi crypto with potential for the best ROI

    InQubeta, a new DeFi crypto, is making waves as the first crowdfunding platform in the crypto market that promises high returns. Despite Bitcoin’s dominance, InQube­ta shines as the best potential crypto choice by enabling fractional investment in AI-based startups, all facilitated by QUBE tokens. These tokens operate on the Ethereum blockchain, leveraging its robust technology to create a secure and seamless investment ecosystem for startups and investors.

    The brilliance­ of the platform as the best prospe­ct in crypto lies in its ability to mint each investme­nt opportunity as an NFT and then fractionalize it. This means you can invest in a way that suits your budget while enjoying the benefits of being an early supporter. The platform’s tre­nding NFT marketplace takes it further by empowering AI startups to raise funds and offer enticing rewards and equity-based digital assets. Conversely, QUBE token holders can easily invest in the projects they believe in, establishing a unique ecosystem that be­nefits all parties involved.

    QUBE exce­ls in the crypto market as the potential ultimate­ choice due to its nature as a de­flationary ERC20 token. This unique deflationary mechanism offers a valuable investme­nt opportunity for crypto enthusiasts seeking the best crypto investment platform to dive­rsify their portfolios. By imposing a 2% buy and sell tax for a burning wallet and a 5% buy and sell tax for a dedicated reward pool, QUBE e­nables holders to earn re­wards through token staking. This feature makes it particularly appealing to investors who recognize the growth potential of AI technology startups.

    The QUBE toke­n, serving as a governance toke­n, helps position it as one of the best crypto investme­nt platforms. As a governance token, InQubeta gives its holders a say in the decision-making processes of the platform. 

    QUBE holders can propose, discuss, and vote on various aspects of the platform’s development, operation, and future direction. With the increasing participation of investors and startups in the InQube­ta platform, the demand for QUBE is expected to surge, potentially driving up the token’s value over time. 

    By holding and staking QUBE tokens, investors not only position themselves for potential price appreciation but also receive rewards from the dedicated reward pool.

    Bitcoin (BTC): A potential game-changer for cryptocurrency

    As the first cryptocurre­ncy, Bitcoin wields a substantial influence over the crypto market. With BTC breaching the $35K threshold, its trajectory could significantly shift, potentially reaching $64K by the end of 2023, as suggested by historical chart patterns. This optimistic outlook permeates the broader crypto market, propelling altcoins into a bullish ascent.

    Historical data highlights November as a pivotal month for Bitcoin, with gains second only to April. The fourth quarter (Q4) is renowned for yielding the most substantial returns, heightening the anticipation for this upcoming month. Boasting a note­worthy track record, November promises an exhilarating journey for BTC enthusiasts.

    Conclusion

    Bitcoin paved the way in the crypto space, but InQubeta is poised to become the best choice for investors and enthusiasts. With its trending NFT marketplace, de­flationary mechanism, and governance toke­n, InQubeta is revolutionizing the AI se­ctor. Now in its fourth stage, the ongoing presale­ offers an unparalleled opportunity to join the platform. Investors can acquire the QUBE toke­n using major cryptocurrencies such as ETH, BTC, and USDT.

    Visit InQubeta Presale 

    Join The InQubeta Communities

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  • Morgan Stanley bullish on Bitcoin halving; Shiba Inu, BNB, and this new token could soar

    Morgan Stanley bullish on Bitcoin halving; Shiba Inu, BNB, and this new token could soar

    Morgan Stanley, a big investment bank, has just stated that the upcoming Bitcoin (BTC) halving will likely trigger a fresh bull market in 2024. 

    This means that the price of Bitcoin could go up significantly and so will other altcoins. Altcoins that could benefit from this rally include Shiba Inu, BNB, and Everlodge.

    Everlodge the first web3 marketplace for real estate trade

    Shiha Inu and BNB crypto are not the only tokens that can benefit from the Bitcoin halving. One new token that analysts believe will see more gains in 2024 is the Everlodge token, ELDG. Why? You might ask. Global tourism has been growing since the end of the Covid-19 lockdown. 

    Because investing in real estate requires a significant amount of money upfront, only a few wealthy individuals have joined the industry. Everlodge is here to assist and promises to make property investment simpler. They’ve harnessed blockchain technology to turn real estate into NFTs, which can be split into smaller parts. 

    Just so you know, anyone can buy these NFTs for as little as $100. Furthermore, the value of these NFTs rises as the properties appreciate. Additionally, these NFTs have more value than regular ones. During this time, the value of its token, ELDG, surged by more than 100%, going from $0.01 to $0.23.

    Everlodge’s price is expected to continue increasing as the presale proceeds. 

    For more information about the Everlodge (ELDG) Presale you can visit their website or join their community here.

    Shiba Inu moves towards self-custody of assets

    The Shiba Inu (SHIB) team is working on a new feature to allow SHIB coin holders to manage their identity. A Shiba Inu developer, Kaaldhairya, mentioned the news in a comment on October 28th. He talked about a digital ID system for SHIB coin holders. 

    Meanwhile, Shiba Inu developers haven’t shared all the details yet. However, they are counting down 72 hours to the big reveal on October 31st. This new feature, called Self-Sovereign Identity (SSI), is expected to make SHIB more decentralized and make the Shiba Inu ecosystem stronger.

    Also, this would attract more investors and affect Shiba Inu’s price in the long term. The Shiba Inu coin price crossed the $0.00000803 level in October. Analysts have noted that Shiba Inu’s value will rise to $0.00003360 in 2024.

    BNBChain launches multi-signature wallet service

    BNBChain has introduced a new wallet service called BNB SafeWallet. This wallet uses the Gnosis Safe protocol and works on both the Binance Smart Chain and opBNB. According to BNBChain’s blog post, this launch is a big step in making the BSC network more secure. 

    Besides, the BNBChain Safe multi-signature wallet service offers users a safe place to store their digital assets. BNBChain’s native token, Binance Coin has seen huge gains lately. It has broken out of its consolidation phase and increased to $229.25 on October 30th.

    Currently, analysts have looked at the BNB token. They have forecasted that BNB price will increase to $310 in 2024, soaring on Bitcoin’s halving event. Given the bullish predictions, investors are now looking for where to buy BNB.

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  • can it match Bitcoin and Ethereum’s growth?

    can it match Bitcoin and Ethereum’s growth?

    In the rapidly evolving realm of cryptocurrencies, a new player is making waves: Everlodge (ELDG). This burgeoning contender is in its presale phase, yet showing potential to challenge the dominance of established giants like Bitcoin (BTC) and Ethereum (ETH).

    This article delves into Everlodge’s remarkable ascent, exploring whether it has what it takes to rival the market leaders’ supremacy.

    Everlodge’s innovative approach to luxury investment

    Everlodge is setting a new trend in the luxury real estate arena, making it possible for the average person to hold stakes in luxurious vacation properties starting at just $100. By leveraging the power of NFTs, each representing a share of a property, they are dismantling the longstanding barriers to elite real estate ventures.

    All necessary legal and ownership details are carefully encrypted into the metadata of a strong smart contract. The resulting digital tokens are then segmented to allow interested investors to participate in prime real estate opportunities without spending a fortune.

    But there’s more. Everlodge isn’t just a marketplace; it doubles as a launchpad for budding property developers. They can tap into the community, sourcing funds for their ambitious projects. It’s a symbiotic setup – developers get the required capital, and users get a shot at lucrative early-bird opportunities.

    ELDG is the primary currency in the Everlodge world. It serves as the platform’s heartbeat. Holding onto ELDG tokens offers a range of benefits, such as trading discounts and reduced maintenance charges. Token staking provides an opportunity to earn a consistent monthly yield, enabling passive income.

    The buzz is real. Currently, ELDG tokens are up for grabs at just $0.23 each in the sixth phase of the presale. This rate isn’t here to stay, as it is set to keep rising as more people jump on board.

    Once the presale ends, ELDG will debut in tier-one exchanges, potentially catapulting its value. Market whispers hint at a colossal 30x surge post the token’s debut on leading exchanges.

    For more information about the Everlodge (ELDG) Presale you can visit their website or join their community here.

    Evaluating recent Bitcoin (BTC) price movements

    Bitcoin’s journey has been nothing short of a rollercoaster lately. After a promising kick-off to the year, the cryptocurrency took a surprising dip in mid-August, plummeting from $30k to a worrying sub-$25k. The price has since rebounded to the current price of $26.3K.

    So, what’s causing Bitcoin’s fall from grace? The prevailing sentiment is a thirst for fresh liquidity in the Bitcoin market. The buzz surrounding a potential Blackrock ETF did give Bitcoin a short-lived 20% boost, but the uncertainty around the SEC’s verdict has left the market in a lull.

    All eyes are now on the anticipated Bitcoin halving in 2024. Historically, such events have revitalized Bitcoin’s momentum, but the crypto realm remains inherently unpredictable. The consensus is growing that Bitcoin’s resurgence is tied to the approval of the Blackrock Bitcoin ETF.

    With whispers suggesting that an ETF decision might be pushed to 2024, several Bitcoin enthusiasts are exploring other opportunities. Many are gravitating toward the Everlodge presale, eager to secure tokens while they’re still affordable.

    Ethereum (ETH): price resistances and network activities

    Ethereum remains a powerhouse within the DeFi arena, boasting an impressive Total Value Locked (TVL) that exceeds $20 billion across various platforms. Its foundational crypto role and robust developer resources underscore its sustained relevance.

    The allure of Ethereum isn’t limited to individual investors; institutional powerhouses are increasingly swayed by its capabilities, especially in the realm of smart contract development.

    A buzz surrounds the potential unveiling of an Ethereum-centric ETF by Blackrock, which, if realized, would catapult Ethereum into the portfolios of a broader spectrum of investors, promising significant growth.

    However, price-wise, Ethereum is wrestling with challenges. The resistance level within the $2,000 to $2,100 bracket has proven formidable. A recent slip saw Ethereum’s price spiralling downwards by 15% in just one day.

    Coupled with this price dip, a drop in network activity and fears of substantial sell-offs have shadowed uncertainty over Ethereum’s trajectory. This sentiment is underscored by a staggering 50% drop in Ethereum’s TVL since its 2023 peak of $32 billion in April.

    Amidst this backdrop, Ethereum holders are looking over their shoulders at Everlodge, a nascent blockchain project whose potential challenges Ethereum’s dominance. While Ethereum competes in a highly competitive atmosphere with other layer-1 platforms, Everlodge offers a unique product in the $280 trillion real estate market.

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  • Bitcoin offers hope along with these undervalued altcoins

    Bitcoin offers hope along with these undervalued altcoins

    TLDR

    • Bitcoin’s track record and exciting future developments offer investors hope.

    • Solana and NuggetRush are undervalued cryptocurrencies to consider for investment.

    • NuggetRush is a promising ICO project, expected to increase by 100% during its presale phase and by 2,000% after launch.

    Bitcoin (BTC) is often used interchangeably with cryptocurrency. This is because it is the first crypto in the world. However, since its inception, several other cryptocurrencies have been launched. Recently, investors have been turning their attention to competitive tokens like Solana (SOL) and NuggetRush (NUGX). These coins are way cheaper than Bitcoin and have significant growth potential.

    NuggetRush (NUGX): A promising player

    NuggetRush (NUGX) is a new player in the crypto space. It is currently in its ICO (initial coin offering) stage, round one. However, it has significant growth potential, resulting in a frenzy in its ongoing presale. The token’s price is presently just $0.01, which is competitive and has substantial growth potential.

    While the project is in its early stages, the presale is expected to see its price increase by 100% before its launch. As a result, early adopters are likely to enjoy significant profits when the tokens go live. Moreover, after its launch, analysts predict it could do another 2,000% increase. This outlook is one of the reasons it is seen as a good crypto to buy.

    Further, NuggetRush is a project with potential thanks to its unique approach. As a P2E meme coin, investors will become part of a strong community. That isn’t all; as a gaming platform, players will have fun playing its exciting gold-mining game. 

    Also, token holders will earn rewards, which will be a source of passive income.

    >> Buy NuggetRush Now <<

    Bitcoin (BTC): The pioneering cryptocurrency

    Bitcoin (BTC) is the first cryptocurrency, hence the best crypto to buy. Since its launch in 2019, it has shown remarkable strength as it rides the volatility wave of the crypto market. Hence, Bitcoin is a great store of value.

    Although it has considerably declined from its peak, it is gearing up to skyrocket, which several factors will contribute to. The first is the Bitcoin halving event, which is expected to occur in April 2024. In the history of Bitcoin, its halving has always been followed by a rise in its value, and the next one will not be an exception. Hence, investors can be seen purchasing BTC.

    Furthermore, the approval of the first spot Bitcoin ETF by the US Securities and Exchange Commission (SEC) will contribute to the increase in its price. Presently, it is the best cryptocurrency to invest in now.

    Solana (SOL): A leading crypto and blockchain

    Solana (SOL) is a top cryptocurrency and blockchain platform. It offers decentralized finance (DeFi) solutions. In other words, it was designed to build decentralized applications (dApps). Its competitive edge in the blockchain landscape is its scalability. 

    To achieve this, it combines a proof-of-history (PoH) consensus mechanism with a proof-of-stake (PoS), thereby creating a hybrid consensus model.

    As a top ten cryptocurrency, Solana continues to make waves not only in the blockchain scene but also in the crypto market. Recently, it has shown strength and gained traction in the market. These highlight its growth potential as well as its profit.

    In addition to the above, its current price is competitive. Moreover, it has also declined by over 90% from its all-time high, leaving more room for growth. As a result, investors have been flocking to the token to enjoy huge gains.

    Conclusion

    Bitcoin offers hope and stability in the turbulent crypto market, along with Solana and NuggetRush. These underpriced altcoins hold significant potential, positioning them as the best cryptos to buy now. Consequently, it comes as little surprise that there has been a massive accumulation of these tokens.

    Visit NuggetRush Presale Website.

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  • Bitcoin hints at sell signal after hitting 3-month high

    Bitcoin hints at sell signal after hitting 3-month high

    • Bitcoin price hit $30,369 on Saturday, its highest level since July.
    • While bulls could push higher in coming weeks, the immediate outlook suggests a bearish flip.
    • Crypto analyst Ali points to the TD Sequential indicator as hinting at a sell signal.

    Bitcoin price rose to its highest level since July when it broke above $30k to reach highs of $30,369 on Saturday. BTC is indeed looking for its fourth-biggest weekly gains year-to-date.

    However, although the benchmark crypto trading around $29,950 at the time of writing, an analyst says further retreat is possible given the potential for a key bearish signal.On the upside, market observers see a flip and weekly candle close above $31k as what bulls need to take control of the prevailing volatility.

    BTC price shows sell signal

    According to crypto analyst Ali, the potential for a head-and-shoulders pattern for BTC on the daily chart has received greater attention across the market. And in a chart shared on X on October 22, the analyst points to the possibility of the scenario unfolding given a key bearish signal – the TD Sequential indicator.

    Other than the sell signal hinted at after BTC price rose over the past several days, the overextended outlook is added to by the daily RSI that has previously triggered notable pullbacks.

    “The $BTC daily chart hints at a possible sell signal emerging tomorrow, based on the TD Sequential indicator flashing a green 9 candlestick. Not to mention, the RSI reached 74.21 — a level triggering sharp corrections since March,” Ali wrote on X.

    Based on this outlook, the analyst noted:

    “An impending price correction appears to be on the horizon unless #BTC manages to clock a daily candlestick close above $31,560.”

    A flip lower from the current resistance zone, and confirmation of the H&S pattern could mean a retest of immediate support around $28,492. A slight sell-off could also reignite the bearish target of $25k. 

    The flipside could be catalysed by positive ETF news, with buyers targeting a run to the $40k area.

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  • Litecoin (LTC) price spikes as Bitcoin hits $30k

    Litecoin (LTC) price spikes as Bitcoin hits $30k

    • Litecoin price jumped 4% to above $64 on Friday morning.
    • LTC was up as positive sentiment permeated the altcoin market amid Bitcoin’s rally to $30k.

    Litecoin (LTC) rose more than 4% early on Friday amid a positive reaction across the altcoin market to Bitcoin’s fresh spike to $30k. LTC traded to intraday highs of $64 across major exchanges, with daily trading volume hitting $370 million as buyers pushed the total crypto market cap to over $1.17 trillion.

    Why is Litecoin price up today?

    Although a bullish picture has looked increasingly possible with metrics such as Litecoin hashrate jumping to new highs, one of the likely catalysts could be the increased crowd noise on the probability of a spot Bitcoin ETF hitting the market sooner than anticipated. Recent developments involving potential ETF issuers and the US Securities and Exchange Commission (SEC) have added to the growing belief that the first spot ETF is a matter of when and not if.

    That has Bitcoin price poised for takeoff, and as quant trader Charles Edwards pointed out on X today, the flagship cryptocurrency’s positive outlook is enhanced by the several key metrics in this cycle.

    Other catalysts for LTC price today could be the regulation news related to SEC dropping charges against Ripple executives. The SEC sued Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen when it filed a lawsuit against the San-Francisco-based company in December 2020. The agency’s charges against the two were dismissed on Thursday, with the trial scheduled for April next year now not happening.

    LTC looks to have pumped amid a similar reaction across the altcoin market. While Litecoin’s modest gains are dwarfed by the colossal returns for some of the best performing altcoins today – including Bitcoin SV – the bullish flip has analysts pointing to a potential retest of the psychological $100 level if upward momentum holds.

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