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Cryptocurrencies

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Bitcoin volatility spikes as ETF decision looms – Crypto News

Posted on January 5, 2024 at 12:25 pm GMT

Bitcoin starts the year with a fresh 21-month high Speculation around ETF approval induces volatility Asymmetric risks in place as regulatory clearance is already priced in New year, old habits After a spectacular 2023, Bitcoin started the new year on a volatile note amid increasing anticipation of the eventual greenlight of spot-Bitcoin ETFs by the Securities and Exchange Commission (SEC). On Tuesday, the flagship cryptocurrency climbed to $45,912, its highest level since April 2022, during a painful trading session for [..]

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Technical Analysis – ETHUSD trades sideways after decline pauses

Posted on January 4, 2024 at 1:46 pm GMT

ETHUSD spikes aggressively to the downside Rebounds quickly and moves sideways in the last sessions Momentum indicators are heavily tilted to the downside ETHUSD (Ethereum) experienced a sharp retreat following the formation of a double top pattern in the four-hour chart. Although the bulls managed to recoup some losses after the price tumbled to a fresh one-month bottom of 2,108, the digital coin is still hovering beneath both its 50- and 200-period moving averages (SMAs). Should the sideways pattern break to the upside, [..]

Cryptos Year Ahead 2024: Spot ETF approval and Bitcoin halving take centre stage

Posted on December 29, 2023 at 11:39 am GMT

Phenomenal year for cryptocurrency markets; 2024 could be even better Approval of spot-Bitcoin ETFs expected to spur institutional demand Bitcoin has shined in each halving year, will the streak extend?   Cryptos licked their wounds in 2023 After a catastrophic 2022, which was characterised by recurring blowups and cases of fraud within the crypto industry, this year has been a spectacular one for digital coins. Bitcoin has been one of the best performing assets globally, appreciating more than 150% year-to-date, while Ethereum [..]

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Bitcoin set to end 2023 on firm note – Crypto News

Posted on December 22, 2023 at 12:14 pm GMT

Bitcoin on track for another positive week BlackRock updated its ETF filling on Monday Attention shifts to 2024 developments Bitcoin ascends towards recent peak The king of cryptocurrencies is on track to clock another positive week and extend its impressive performance to what has been a solid year so far. On Monday, BlackRock updated its spot-Bitcoin ETF filling to permit cash redemptions, which is believed to bring the final approval one step closer. This development was cheered by crypto investors, [..]

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Technical Analysis – ETHUSD attempts to erase recent pullback

Posted on December 21, 2023 at 2:23 pm GMT

ETHUSD forms structure of lower highs and lower lows But the latest rebound advances above previous high Momentum indicators suggest strengthening positive bias ETHUSD (Ethereum) had experienced a strong rally since late October, which propelled the price to a fresh 19-month peak of 2,403 on December 9. Although the latter was followed by a pullback, the price seems to be attempting a recovery in the past couple of sessions as the short-term oscillators have turned positive. Should the rebound extend and [..]

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Bitcoin rally takes a breather, solid year-end in sight – Crypto News

Posted on December 15, 2023 at 12:47 pm GMT

Bitcoin experiences a correction following a fresh 20-month peak Probably due to some profit-taking as macro developments aid Cryptos set for a stellar year of outperformance against major assets Magnificent 2023 Undoubtedly, Bitcoin and cryptocurrencies in general have exhibited impressive performance so far in the year, following a catastrophic 2022. The king of cryptos has gained more than 155% year-to-date, while it has appreciated more than 50% within the past two months. But it is not just Bitcoin, major altcoins [..]

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Technical Analysis – ETHUSD attempts to erase recent pullback

Posted on December 14, 2023 at 12:53 pm GMT

Ethereum posts 19-month peak before retracing lower But the bulls regain control and recoup some losses Momentum indicators point at more gains ahead ETHUSD (Ethereum) has experienced a strong rally since late October, which propelled the price to a fresh 19-month peak of 2,403 on December 9. Although the latest high was followed by a mild setback, the price seems ready to stage a recovery as both the RSI and stochastics are implying strengthening positive momentum. Should the rebound extend and [..]

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Technical Analysis – BTCUSD’s rocket rally runs out of steam

Posted on December 7, 2023 at 3:52 pm GMT

BTCUSD at the highest levels in more than a year Overbought conditions threaten a negative reversal Sellers could come back into play below 41,770   BTCUSD (Bitcoin) had a rocket start to the week, stretching its uptrend from September’s low of 24,915 to a one- and-a-half year high of 44,497 on Thursday before turning slightly negative. The price seems to have created a bearish evening star candlestick pattern at the top of the uptrend, flagging a potential downside reversal as the RSI [..]

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Technical Analysis – ETHUSD posts a fresh 18-month high

Posted on December 5, 2023 at 12:24 pm GMT

Ethereum jumps to its highest since May 2022 Advance eases as oscillators point at overbought conditions ETHUSD (Ethereum) has experienced a strong rally since late October, which propelled the price to a fresh 18-month peak of 2,274 on Monday. However, the uptrend seems to be losing some steam, with both the RSI and stochastics touching their overbought territories. Should the rally extend, the price could initially test the February 2022 support of 2,300, which could now serve as resistance. Conquering this [..]

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Bitcoin storms to 19-month high, year-end rally in sight? – Crypto News

Posted on December 1, 2023 at 12:39 pm GMT

Bitcoin posts a fresh peak on Friday, just shy of $39,000 Registers its best monthly close since April 2022 Besides ETF mania, macro backdrop also aids On track for a stellar year Undoubtedly, Bitcoin and cryptocurrencies in general have exhibited impressive performance so far in the year, following a catastrophic 2022. The king of cryptos has gained more than 125% year-to-date, while it has appreciated more than 35% within the fourth quarter. But it is not just Bitcoin, major altcoins [..]

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