Altcoin News by Thebittimes.Com

Bitcoin (BTC) remains under pressure as the maiden cryptocurrency seeks to establish a sustained price movement above the $60,000 support level. Amidst these circumstances, technical indicators suggest that Bitcoin might be on the verge of a price breakout. Particularly, in a TradingView post on May 8, crypto trading expert TradingShot drew attention to a potentially significant buy signal for Bitcoin that has largely gone unnoticed among investors. The Analysis highlighted the intersection of Bitcoin’s dominant circulating liquidity with high-yield corporate bonds. According to TradingShot , this metric has recently hit bottom and shows signs of rebounding, coinciding with consolidation or minor pullback in BTC’s price. Picks for you Donald Trump says he’s ‘fine with crypto,’ slams Biden not understanding it 1 hour ago R. Kiyosaki warns the dollar ‘is screwed up’ and ‘it’s going to get worse' 2 hours ago LTC demand surges as users pay 2x m...

Analysts predict that Bitcoin (BTC) will continue trading above $50,000.  Rebel Satoshi ($RBLZ) to launch on DEXes after concluding its presale. Investors are optimistic of $RBLZ performance after listing. Even as the best altcoins continue to suffer, the Bitcoin (BTC) price has rallied past $51k. Meanwhile, Rebel Satoshi ($RBLZ) has risen continually during its presale as investors anticipate further gains upon its upcoming DEX launch . Let’s understand whether BTC can sustain its rally and why experts consider $RBLZ the best crypto to buy right now.  Bitcoin soars past $51K as ETFs AUM surpass $10B The rally in the Bitcoin (BTC) price after the approval of Spot ETF was short-lived. After that, the Bitcoin (BTC) price and the entire market had been caught up in volatility. By January 23, the Bitcoin (BTC) price fell to a low of $38,740. However, as the market recovered, the Bitcoin (BTC) price has also risen.  On February ...

The global crypto market cap is rising despite the US Consumer Price Index (CPI) coming higher than expected and FTX’s liquidation approval. According to a report by CNN, data from the US Bureau of Labor Statistics shows the CPI, used to measure inflation in the country, registered a 0.6% hike in August 2023, up by 3.7% from a year earlier. The report notes that a 3.6% incline was expected, but the US Federal Reserve (FED) is unlikely to go for another aggressive rate hike. Another event expected to take the crypto market down was the approval of FTX’s liquidation . The US Delaware District Judge John Dorsey authorized the bankrupt exchange’s plan to liquidate roughly $3.4 billion in digital assets.  You might also like: Hong Kong’s SFC cautions against unregulated crypto trading by JPEX However, to prevent a market-wide bloodbath, the sales limit is set to $100 million per week for FTX’s top crypto holdings. It’s important to note that DWF Labs and Justin Sun are report...

The Golden Cross is quite an integral part of technical Analysis . Such a crossover occurs when a short-term moving average overtakes a major long-term moving average to the upside. The Golden Cross suggests an upward flip in the price. A few days back, the 50-day MA [red] on Dogecoin’s chart climbed above the 200-day MA [green]. Post the crossover, DOGE noted a brief uptick and went on to claim a local high of $0.111. Source: TradingView The bullish momentum, however, couldn’t sustain. Post gradually succumbing to bears, DOGE ultimately ended up adding another extra zero to its price and was trading at $0.09602 at press time. Effectively, a crossover is considered to be more significant when it is accompanied by high trading volume. In Dogecoin’s case, that has not been the case. As illustrated below, the volume peaked in the October-November transition period and it quickly dropped after that. A similar uptick was registered during the latest month...

The past few weeks were characterized by consolidations and horizontal price movements. As a result, trends on assets’ charts had been quite monotonous. The state of affairs have, however, completely flipped over the past day. Litecoin, for instance, went on to register two successive long green candles on the daily. From yesterday’s low of $61.07, the asset’s price went on to claim $83.66, noting a 36.99% increase in value. Post noting brief retracement from the said highs , the 13th-ranked cryptocurrency was trading at $79 at press time. As illustrated below, the current levels were last registered by Litecoin back in May 2022 before this. LTC/USDT | Source: TradingView What fuelled Litecoin’s surge? Data from Santiment brought to light that addresses HODLing 1k-1000k of LTC have increased their supply as of late. The same currently stands at a seven-month high. In fact, they have collectively added $43.4 million worth of the asset in just the past...