9/12 Price Analysis: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB
Bitcoin and Altcoins Heat Up Ahead of Long-Awaited Ethereum Merger, But Do the Bulls Have Enough Strength to Support the Rally ?
Price analysis
US stock markets and cryptocurrency markets started the new week on solid footing. This suggests that investors expect the possible 75 basis point rate hike from the Federal Reserve at the September 20-21 meeting to be priced in and it could also mean that investors believe that the inflation peaked.
Bitcoin's (BTC) rally above $22,000 has erased the closely watched realized price metric, which Glassnode says is $21,700. The next major hurdle on the upside is the 200-week moving average near $23,330. A breakout and close above this resistance could indicate that the bear market may end.
Daily performance of the cryptocurrency market. Source: Coin360The current bear market has not scared away institutional investors who continue to believe in the long-term prospects of the asset class. One such example was given by Irfan Ahmad, the Asia-Pacific digital manager of State Street's crypto unit, State Street Digital, who said their institutional clients have continued to place strategic bets in the cryptocurrency space in June and July.
Could Bitcoin and altcoins continue their ascent in the near term? Let's study the charts of the top 10 cryptocurrencies to find out.
BTC/USDTBitcoin is trying to form a bottom. The buyers pushed the price above the 20-day exponential moving average (EMA) ($20,831) on September 9 and the 50-day...
Bitcoin and Altcoins Heat Up Ahead of Long-Awaited Ethereum Merger, But Do the Bulls Have Enough Strength to Support the Rally ?
Price analysis
US stock markets and cryptocurrency markets started the new week on solid footing. This suggests that investors expect the possible 75 basis point rate hike from the Federal Reserve at the September 20-21 meeting to be priced in and it could also mean that investors believe that the inflation peaked.
Bitcoin's (BTC) rally above $22,000 has erased the closely watched realized price metric, which Glassnode says is $21,700. The next major hurdle on the upside is the 200-week moving average near $23,330. A breakout and close above this resistance could indicate that the bear market may end.
Daily performance of the cryptocurrency market. Source: Coin360The current bear market has not scared away institutional investors who continue to believe in the long-term prospects of the asset class. One such example was given by Irfan Ahmad, the Asia-Pacific digital manager of State Street's crypto unit, State Street Digital, who said their institutional clients have continued to place strategic bets in the cryptocurrency space in June and July.
Could Bitcoin and altcoins continue their ascent in the near term? Let's study the charts of the top 10 cryptocurrencies to find out.
BTC/USDTBitcoin is trying to form a bottom. The buyers pushed the price above the 20-day exponential moving average (EMA) ($20,831) on September 9 and the 50-day...
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