Cryptocurrency Market Set for More Upside After Bank Problems: Bernstein
The current environment is the perfect setting for the decentralized financial system to stand out as an alternative to traditional banking, the report said. Source
Read More
Upside
These 5 cryptocurrencies may continue to surprise to the upside
Bitcoin (BTC) is on track to close the week with gains of more than 23%. The banking crisis in the United States and Europe seems to have boosted buying in Bitcoin, indicating that the leading cryptocurrency is behaving as a safe haven asset in the near term.All eyes are on
Read More
Crypto market cap reclaims $1T, and derivatives point to further upside
The total crypto market capitalization increased by 26% in seven days, reaching $1.16 trillion on March 17. Bitcoin (BTC) was the biggest winner among the top 20 coins, up 31.5%, though some altcoins gained 50% or more during that period.Total crypto market cap in USD, 12-hour. Source: TradingViewThe surge in
Read More
Derivatives data highlights crypto traders’ positive sentiment and belief in further upside
The recent weakness in the crypto market has not invalidated the six-week-long ascending trend, even after a failed test of the channel's upper band on Feb. 21. The total crypto market capitalization remains above the psychological $1 trillion mark and, more importantly, cautiously optimistic after a new round of negative
Read More
Shiba Inu price rebounds 100% after record lows against Dogecoin — More upside ahead?
Shiba Inu (SHIB) price was at the lowest versus its top rival Dogecoin (DOGE) in November 2022. Three months later, the dynamics have flipped. SHIB price rises 100% versus DOGEOn Feb. 4, 2023, the SHIB/DOGE pair reached 0.00001638 DOGE, up almost 100% three months after bottoming out at 0.00000993 DOGE, its
Read More
Does the Crypto Market Have The Strength To Break To The Upside? QCP Capital Weighs In
The conditions of the cryptocurrency market have changed drastically; according to an analysis by QCP Capital, the options market in its current state makes the crypto industry look like a major crisis, such as the shutdown of crypto exchange FTX after filing for bankruptcy, never happened. Trading desk QCP Capital published
Read More
Total crypto market cap rises above $1T, and data suggests more upside is in store
Despite the recent negative crypto and macroeconomic newsflow, the total cryptocurrency market capitalization broke above $1 trillion on Jan. 21. An encouraging sign is that derivatives metrics are not showing increased demand from bearish traders at the moment. Total crypto market cap in USD, 1-day. Source: TradingViewBitcoin (BTC) price gained 8%
Read More
Key Upside Break Could Trigger Rally To $0.5
Ripple is rising steadily above the $0.380 resistance zone against the US Dollar. XRP price could rise further if it clears the $0.4320 resistance zone. Ripple is currently rising above the $0.38 resistance zone against the US dollar. The price is now trading above $0.380 and the 100 simple moving average (4-hours). There
Read More
Ethereum Based Frax Finance (FXS) Is Up 64%, Still Upside?
In the last seven days, the Ethereum-based project Frax Finance is the second biggest winner within the top 100 cryptocurrencies by market cap. With a price increase of 64%, the FXS token is only behind Decentraland (MANA), which has surged 76% within the same period. With the massive pump, Frax Share
Read More
Ethereum Price Consolidate Gains and Seems Poised For Upside Break
Ethereum climbed higher above the $1,320 resistance zone against the US Dollar. ETH tested the $1,350 zone and is currently consolidating gains. Ethereum started a decent increase above the $1,300 and $1,320 resistance levels. The price is now trading above $1,320 and the 100 hourly simple moving average. There is a key bullish
Read More