Cryptocurrency

According to chart analysis, SHIB has confidently moved above the $0.0000200 range after soaring past significant resistance levels. The asset has breached significant moving averages, indicating robust bullish momentum and a possible basis for long-term growth. An increase in SHIB’s volume also suggests increased investor interest and trading activity.Price and volume increases together can frequently serve as a launching pad for additional gains; $0.0000175 and $0.0000184 are important support levels to keep an eye on as they should help contain any brief declines in the price of SHIB.With these supports holding, SHIB has a strong base on which to build its rally. The level of $0.0000230 should be watched by traders on the resistance side as it may be the next target if bullish sentiment holds firm. Shiba Inu’s recent performance indicates that it might be in a good position to benefit from the growing popularity of the altcoin market as a whole. Investors seeking high-return opportunities outside of Bitcoin may increase their inflows into SHIB if the altcoin rally picks up steam.By examining the chart, it can be seen that Bitcoin has overcome earlier resistance levels at about $70,000, paving the way for a possible move toward $80,000. Since Bitcoin recently broke out, it has once again entered uncharted territory, and there are currently no significant resistance levels until that target. Key support levels to keep an eye on though are close to $70,000 and $66,000, which were previously resistance but could now provide strong support if Bitcoin experiences a decline.The technical indicators support Bitcoin’s optimistic outlook as well. Although it is leaning toward overbought levels, the Relative Strength Index (RSI) is still in bullish territory, indicating that although there is still room for Bitcoin to rise, investors should be on the lookout for any consolidation or slight corrections. A bullish trend is also indicated by the moving averages’ alignment with shorter-term averages such as the 50-day EMA sitting significantly above the longer-term ones.One more important consideration is volume. Strong buying interest is indicated by the recent spike in trading volume, which frequently encourages additional price increases. In order to confirm ongoing bullish momentum, investors must keep an eye out for sustained volume in addition to price action.The 50-day EMA, a crucial short-term indicator that traders frequently use to determine the beginning of bullish momentum, has been successfully broken above by TON in recent days. Furthermore, the 100-day and 200-day EMAs, which are frequently regarded as crucial levels in identifying medium- to long-term market trends, are getting closer to TON. A strong reversal could be confirmed by a break above these levels, attracting more buyers hoping to profit from an altcoin rally.There is still opportunity for growth even though the Relative Strength Index (RSI) is close to the overbought zone with a reading in the mid-60s. This indicator points to a positive setup for long-term upward movement by implying that there is continuous buying interest without indicating an impending sell-off. Volume, a crucial confirmation factor for price movements, has also gone up, giving the current rally more support.This increase in volume suggests that investors and traders are actively investing in this bullish reversal, which strengthens the possibility of further momentum if Toncoin can hold onto its current positioning. The 100-day EMA at about $5.27 and the 50-day EMA at about $5.05 are important support levels for investors to keep an eye on. Toncoin may indicate strength and stability in the current uptrend and lay the groundwork for future gains if it maintains these levels.This article was originally published on U.Today More

The move upwards pushed Cardano’s market cap up to $20.6110B, or 0.75% of the total cryptocurrency market cap. At its highest, Cardano’s market cap was $94.8001B.Cardano had traded in a range of $0.4888 to $0.6591 in the previous twenty-four hours.Over the past seven days, Cardano has seen a rise in value, as it gained 76.15%. The volume of Cardano traded in the twenty-four hours to time of writing was $5.2784B or 2.38% of the total volume of all cryptocurrencies. It has traded in a range of $0.3206 to $0.6591 in the past 7 days.At its current price, Cardano is still down 81.08% from its all-time high of $3.10 set on September 2, 2021.Bitcoin was last at $80,204.5 on the Investing.com Index, up 4.57% on the day.Ethereum was trading at $3,181.69 on the Investing.com Index, a gain of 1.73%.Bitcoin’s market cap was last at $1,593.6675B or 57.91% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $384.8074B or 13.98% of the total cryptocurrency market value. More

Bitcoin rose nearly 6% to a record high of $81,373.5, before settling around $80,362.9 by 18:16 ET (23:15 GMT). The world’s largest cryptocurrency, along with broader crypto markets, have been on a tear since Trump’s election victory last week. The president-elect had vowed to make the U.S. the “crypto capital” of the world.Bitcoin had surged some 10% over the past week, and was trading up 91% so far in 2024. World no.2 crypto Ether rose 1.8% to $3,190.0- a three-month high.  More

Fundstrat’s co-founder and head of research made a bullish Bitcoin price prediction, expecting BTC to reach a “six-figure” level this year.While the regulatory overhang has currently began to reduce over the pioneer cryptocurrency, the Fundstrat’s expert strongly believes that BTC can still reach $100,000 by the end of this year and go higher in 2026, and then in 2027.Michael Saylor reacted to that message of Lee by adding his take, which is: “Nations will adopt #Bitcoin as a Treasury Reserve Asset.”In total, since Wednesday and until the new price record on Friday, Bitcoin has seen a staggering 11.35% post-election surge fueled by another interest rate cut of 25 basis points performed by the Fed Reserve.Bitcoin maximalist and JAN3 boss Samson Mow believes that Bitcoin will soon surpass the $80,000 mark as he tweeted: “You can still buy Bitcoin for less than $0.08M.”This article was originally published on U.Today More

He shared some “words and thoughts of a poor person” to talk to his audience about Bitcoin. In particular, Kiyosaki stressed that he continues to buy BTC at the current high prices and intends to buy more within the next year.Bitcoin traded at $76,000 during the week and in the last 24 hours skyrocketed above $77,250, reaching a new record price high. Gold also hit a new ATH recently and is now trading at $2,684 per ounce. Silver is worth $32.00 per ounce. Kiyosaki stated that prices will certainly go down (but hardly to $10 per one Bitcoin, though). However, he says that ultimately it is the total number of assets owned by a person rather than the price you bought them at that is important.The financial guru always refers to Bitcoin, silver and gold as “real money” as opposed to U.S. dollars that he calls “fake money.” Today Kiyosaki owns 73 BTC worth $5,588,095. In a year from now, Kiyosaki said, he intends to buy more and own 100 Bitcoins “regardless of price.”Bitcoin has reached a new historic peak after the radical change of the U.S. government leader and also thanks to the interest rate cut facilitated by the Fed Reserve this week.This article was originally published on U.Today More

Double tops frequently indicate a possible reversal on conventional price charts, but in the case of RSI they might actually reinforce the notion of trend continuation rather than reversal. The fact that Bitcoin’s RSI is currently in the 70-80 range indicates that the asset is slightly overbought but still holding firm. Historically prolonged bullish periods rather than abrupt declines have frequently accompanied Bitcoin’s RSI rising above 70. Strong buying momentum is indicated by the fact that it is holding at this level without experiencing a significant correction. Recently, Bitcoin has surpassed $75,000, a crucial psychological and technical barrier and broken above important resistance levels. Bitcoin has been following an upward trend from a price standpoint, and the current price action indicates strong support. Bitcoin has a good chance of continuing to gain ground as long as it remains above $70,000. In line with prior consolidation areas, $69,000 is one of the support levels to keep an eye on. Fortunately, if Bitcoin maintains its current trend, it may reach $78,000 and even higher.The noteworthy volume that has accompanied this movement has further reinforced the bullish sentiment. As was recently observed, a high-volume breakout usually signals real interest rather than a passing pump. Any variations in volume trends should be watched by investors as an indication of shifting sentiment.The ability of ADA to overcome the $0.35-$0.36 resistance zone, which had served as a recalcitrant barrier for months, is a major factor driving this rally. ADA was able to test higher levels after breaking through this zone, and this movement has strong support due to volume spiking. Investor confidence is also probably boosted by Cardano’s network advancements and growing ecosystem. ADA has technically broken above its 50-, 100- and 200-day moving averages indicating the possibility of a long-term upward trend. After recent improvements in macroeconomic sentiment, major assets are gaining traction, and the current price action is in line with these broader market trends. But it is important to approach this expansion with a healthy dose of optimism. Although ADA is displaying positive indicators, the asset may be approaching overbought territory as its Relative Strength Index (RSI) has surpassed 70. This might result in a brief decline, providing investors with a chance to consolidate their gains prior to a possible uptrend continuation.ADA may try to test the next significant resistance level, which is located around $0.50, if it can keep support above $0.40 and continue its upward trajectory. A decline below $0.40, however, might trigger a retest of support in the $0.35 range. ADA may finally be in the early phases of a wider recovery trend, based on Cardano’s price action, which is currently a positive development.The flourishing DeFi ecosystem, where SOL’s quick transactions and affordable fees make it a desirable substitute for other networks, also supports this expansion. There is a growing demand for SOL, which supports its price increase as more users interact with applications’ NFTs and tokens on Solana as the platform grows. Technically speaking, catching $200 creates a strong basis for future upward movement.SOL may aim for its all-time high of about $260 if it breaks through the next significant resistance level, which is located around $216. Maintaining this price could stimulate additional buying pressure and help the asset continue its upward trend. The $200 level currently serves as a support. The strength of this rally is also reflected in the Relative Strength Index (RSI), which has remained above the 70 mark, which generally denotes strong buying interest. High RSI values, however, should alert investors to any indications of overextension. In order to keep SOL moving forward, steady volume growth and ongoing network activity will be essential.This article was originally published on U.Today More

This was in response to Tom Lee of Fundstrat, who said that BTC could help solve the U.S. budget deficit. In a recent CNBC live, Lee suggested that if the cryptocurrency is added to the list of reserve assets, it could help offset some of the nation’s massive $36 trillion debt because of its potential to appreciate in value. He also pointed out that traditional ways of reducing the deficit, such as changing tax policy or cutting spending, may not be enough on their own in the current economy. Therefore, Bitcoin could be a useful asset for the U.S. Treasury and help manage the debt, the expert argued.Such a scenario, according to Schiff, would defeat the purpose of a strategic asset intended to stabilize or enhance fiscal resilience. He argued that Bitcoin’s volatility and illiquidity make it unsuitable as a serious reserve asset and cautioned against what he sees as misplaced optimism about its use by governments.This article was originally published on U.Today More

The Federal Reserve cut interest rates on Thursday, as expected, giving Bitcoin a boost, and extending its three-day rally. Bitcoin has been on a steady upward trend this week, surpassing $76,000 and establishing new all-time highs for two days in a row.On Thursday, Bitcoin reached its current all-time high of $76,999. Market optimism is increasing as Bitcoin retested the $76,000 mark in Friday’s trading session, reaching highs of $76,483 before slightly retreating.According to CoinMarketCap data, Bitcoin is now priced at $76,160, up roughly 2% in the last 24 hours and 7% over the last seven days. The cryptocurrency’s almost 80% gain in 2024, powered in part by a Federal Reserve interest rate reduction, outperforms traditional investments such as global stocks and gold.Options markets are pricing in increased volatility as investors hedge their bets in both directions.Over the past month, U.S. Bitcoin ETFs have shown unprecedented demand, with inflows rivaling the product’s early success. In the last 24 hours, U.S. exchange-traded funds that invest in Bitcoin reported a record daily net inflow of $1.38 billion.The Bitcoin Realized Cap has risen by 3.8% in the last 30 days, marking one of the highest inflow levels since January 2023. The realized cap is currently trading at an ATH of $656 billion, with a $2.5 billion net 30-day capital inflow.This article was originally published on U.Today More