Market Update news-Page 12
Aave v3 launch triggers 50% rally from long-term descending channel pattern
The decentralized finance (DeFi) market has been undergoing a period of maturation over the past year and many of last year's fast risers have faded into obscurity but this does not mean the formerly "famous" protocols have not continued to build. One blue-chip project that is regaining momentum is Aave (AAVE), a non-custodial liquidity protocol that allows users to lend, borrow or stake their assets to earn yield from their holdings. Data from Cointelegraph Markets Pro and TradingView shows that the price of AAVE has rallied 110% from a low of $114 on March 15 to a daily high at …
Markets / March 30, 2022
A retest is expected, but most analysts expect Bitcoin price to extend much higher
The mood across the cryptocurrency market has seen a notable improvement in the last week as prices are on the rise with Bitcoin (BTC) now trading near $48,000 while Ether (ETH) attempting to hold above $3,400. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin has been oscillating around $48,000 since it broke out above $45,000 early on March 28 and bulls are now debating whether a bull run to $80,000 is on the cards. Here’s a look at what several analysts in the market are saying about the outlook for BTC moving forward and what …
Bitcoin / March 29, 2022
Terra LUNA hits new all-time high after 100% rebound from 2022 lows — Correction ahead?
Terra (LUNA) rose to its best level to date on March 29 as the Luna Foundation Guard's (LFG) plans to increase its Bitcoin (BTC) reserves eased anxiety about the impact of an increasingly hawkish Federal Reserve and the ongoing Ukraine-Russia war on crypto markets. LUNA price hits new record high above $106 LUNA's price breached above the previous record high of $106.29 by minuscule margins, reversing the losses incurred during the selloff between December 2021 and January 2022. The latest price rally pushed Terra token's net capitalization crossed $37.17 billion, now making up 1.76% of the entire crypto market, compared …
Markets / March 29, 2022
Analysts say Bitcoin daily close above $48K opens a clear path to a new all-time high
Cryptocurrency investors are in high spirits on March 28 as the week-long melt-up across the market extended another day with Bitcoin (BTC) rallying to $48,000 and Ether trading above $3,400. Data from Cointelegraph Markets Pro and TradingView shows that after a brief pause near support at $47,000 in early trading on Monday, an afternoon wave of buying helped lift BTC above $48,000 and bulls are identifying $52,000 as the next stop. Here’s a look at what several market analysts are saying about this latest move for Bitcoin and what could come next as the bullish narrative continues to gather momentum. …
Bitcoin / March 28, 2022
Dogecoin signals bottoming out as DOGE rebounds 30% in two weeks — What's next?
A brutal correction witnessed in the Dogecoin (DOGE) market between May 2021 and February 2022, which saw the price dropping by almost 85%, appears to have come to a halt this month. DOGE/USD rebounds 30% in two weeks DOGE experienced strong dip-buying when its price crashed to levels around $0.10 two weeks ago, resulting in a 30% rebound move to $0.14 as of March 27. Meanwhile, the coin's upside retracement originated at a support level that constitutes a "falling wedge" setup, signaling an extended bullish reversal in the weekly sessions ahead. In detail, a falling wedge pattern occurs when the …
Bitcoin Price / March 27, 2022
Loopring (LRC) price surges by 50% after GameStop NFT marketplace integration
Filling multiple needs within the cryptocurrency community is one way a project can set itself apart from the competition and new attract users and liquidity to its ecosystem. Loopring aims to do exactly this by aiming to offer a EVM-based solution with low fees where DeFi and NFT developers and investors can transact. The layer-two (L2) scaling solution utilizes zk-Rollups to provide fast, low-cost transactions and the project has been gaining traction throughout the month of March. Data from Cointelegraph Markets Pro and TradingView shows that the price of LRC gained 57% between March 21 and March 23 as its …
Nft / March 26, 2022
Ethereum price hits $3.2K as anticipation builds ahead of the ‘Merge’
The week-long uptrend in the cryptocurrency market has begun to awaken bullish crypto investors and the successful March 15 launch of the Ethereum "merge" on the Kiln testnet has the community excited about the upcoming switch to proof-of-stake. Data from Cointelegraph Markets Pro and TradingView shows that since the successful launch on Kiln, the price of Ether has climbed 25% from $2,500 to a daily high at $3,193 on March 25 as traders look to lock in their positions ahead of the merge. Here’s a look at what analysts in the market are saying could happen with the price of …
Markets / March 25, 2022
Bitcoin hits $44K, but traders want to see a few daily closes here before a move higher
Morale across the cryptocurrency ecosystem is rising on March 24 as several days of positive moves have helped lift Bitcoin (BTC) back above $44,000 and Ether bulls took control at $3,100. The climbing price of BTC comes amidst a backdrop of surging inflation and rising interest rates which could see up to seven hikes over the course of 2022 according to Minneapolis Federal Reserve President Neel Kashkari. Data from Cointelegraph Markets Pro and TradingView shows that after trading near $43,000 throughout the morning session on Thursday, a midday spike lifted the price of BTC to an intraday high at $44,186 …
Bitcoin / March 24, 2022
Ethereum price breaks through $3K, but analysts warn that a retest is needed
The cryptocurrency market continues to forge ahead on March 23 despite facing headwinds on multiple fronts. At the moment, global conflict, rising inflation and widespread economic uncertainty are taking a toll on financial markets and helping to highlight the need for a diversified investmen portfolio. Altcoins have managed to gain some ground in recent days, led by Ethereum, the top smart contract platform, which managed to climb back to the major support and resistance zone at $3,000 where bulls are now battling for control. Here’s a look at what several analysts in the market are saying about the path forward …
Bitcoin / March 24, 2022
Bitcoin bulls take aim at $45K while some analysts warn of possible correction
The bullish narrative is beginning to build across the cryptocurrency ecosystem on March 22 as the price of Bitcoin (BTC) briefly spiked above $43,000 while Ether (ETH) has reclaimed support at $3,000 following a deposit of $110 million worth of ETH into Lido's liquidity pools. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin rallied 6.15% from a low of $40,884 in the early hours of Tuesday to an intraday high at $43,380 before consolidating around support at $42,300. Here’s what several analysts are saying about Bitcoin's recent price action and which support and resistance levels …
Bitcoin / March 22, 2022
Launch of real-world use-case sparks a 162% rise in OriginTrail's TRAC token
The global supply chain continues to struggle to get back on track following a tumultuous three years that have witnessed clogged shipping ports and a breakdown of the just-in-time delivery system. One blockchain project looking to help solve some of these issues while also facilitating the transition to Web3 is OriginTrail (TRAC), a logistics and supply chain management-focused blockchain protocol aiming to become the world’s first decentralized knowledge graph (DKG). Data from Cointelegraph Markets Pro and TradingView shows that the price of TRAC has increased 162% in the past week, going from a low of $0.36 on March 15 to …
Blockchain / March 22, 2022
Top coins to buy in a bear market | Find out now on The Market Report live
“The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss which are the top coins to buy in a bear market. But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down. Next up, the main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth and Sam Bourgi as they debate which are the top coins to buy in a bear market. Going up first will …
Decentralization / March 22, 2022