Avalanche Closes $250 Million Token Sale Ahead of Upcoming Avalanche9000 Upgrade

December 13, 2024 Bitcoin.com

Avalanche Closes 0 Million Token Sale Ahead of Upcoming Avalanche9000 Upgrade

Altcoins

Avalanche announced the recent closure of a $250 million token sale that will support the upcoming launch of Avalanche9000. This major upgrade aims to turn Avalanche into a swarm of interconnected L1s. Avalanche Raises $250 Million Before Major Avalanche9000 Upgrade Avalanche, a top 15 blockchain project, has recently closed a $250 million token sale in […]

Bitcoin nears 0K as CPI data shows signs of cooling

Bitcoin nears $100K as CPI data shows signs of cooling

Avalanche raises $250M ahead of Avalanche9000 launch

December 12, 2024 Coin Telegraph

Avalanche

The locked-token sale saw participation from more than 40 companies.

Layer-1 blockchain Avalanche announced the closure of a $250 million private locked-token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital on Dec. 12.

More than 40 companies joined the token sale including SkyBridge, SCB Limited, Hivemind, Big Brain Holdings, Hypersphere, Lvna Capital, Republic Capital, Morgan Creek Digital, FinTech Collective and others.

The raise comes ahead of the launch of the “Avalanche9000” network upgrade, purported to be the most significant upgrade in Avalanche’s history.

Bitcoin nears $100K as CPI data shows signs of cooling

Price analysis 12/11: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX, TON, SHIB

December 11, 2024 Coin Telegraph

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Bitcoin’s rally above $100,000 has improved sentiment, triggering a strong recovery in several altcoins.

Bitcoin (BTC) found support near $94,000 on Dec. 10, and the bulls made a solid recovery on Dec. 11. The price soared back above the psychologically crucial level of $100,000 after November’s inflation report met economists’ projections. According to the FedWatch Tool, the probability of a 25-basis point rate cut in the next meeting has risen to more than 96%. That could prove to be bullish for risky assets.

Bitwise investment chief Matt Hougan and research head Ryan Rasmussen said in a report that Bitcoin could cross $200,000 by the end of 2025. Along with Bitcoin, the duo is also bullish on Ether (ETH) and Solana (SOL), expecting them to rise to $7,000 and $750, respectively.

Crypto market data daily view. Source: Coin360

Bitcoin nears $100K as CPI data shows signs of cooling

Price analysis 12/9: SPX, DXY, BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX

December 9, 2024 Coin Telegraph

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Bitcoin’s failure to hold $100,000 could attract profit booking from traders. Which altcoins will follow BTC's downtrend?

Bitcoin (BTC) has pulled back near $98,000, indicating that the bears continue to fiercely defend the $100,000 level. CryptoQuant contributor Maartuun said in a post on X that long-term holders offloaded 827,783 Bitcoin since Nov. 8. He also highlighted several other signals in the thread, which suggest that Bitcoin may be close to a top.

However, there is no stopping MicroStrategy, one of the largest corporate holders of Bitcoin, which continues to build its stockpile. The firm said it bought 21,550 Bitcoin between Dec. 2–8 at an average price of $98,783. MicroStrategy co-founder and former CEO Michael Saylor told Yahoo Finance that he would be “buying the top forever.”

Daily cryptocurrency market performance. Source: Coin360

Bitcoin nears $100K as CPI data shows signs of cooling

Price analysis 12/6: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX, TON, SHIB

December 6, 2024 Coin Telegraph

Avalanche

Bitcoin price trades above $100,000 again, proving that every minor dip is being purchased.

Bitcoin (BTC) created a historic milestone on Dec. 5, as it reached the psychologically critical level of $100,000. The bears pulled the price back toward $90,000, but the bulls purchased the dip and have succeeded in driving the price above $100,000 on Dec. 6.

Has Bitcoin topped out in the short term, or is every dip still a buying opportunity? This is one of the burning questions in traders’ minds.

ARK Invest founder and CEO Cathie Wood said in a post on X that Bitcoin “is still in early innings” even after breaking out of $100,000. She added that her firm believes “Bitcoin is a much bigger idea than gold.”

Bitcoin nears $100K as CPI data shows signs of cooling

Ethereum, Avalanche and One Additional Altcoin Holding Supports and Gearing Up for More Moves: Rekt Capital

December 4, 2024 The Daily Hodl

Altcoins

A widely followed crypto analyst says that three prominent altcoins including Ethereum (ETH) look primed to skyrocket. In a new strategy session, pseudonymous crypto trader Rekt Capital tells his 519,200 followers on the social media platform X that if the second-largest crypto asset by market cap can maintain a key support level at $3,650, it […]

The post Ethereum, Avalanche and One Additional Altcoin Holding Supports and Gearing Up for More Moves: Rekt Capital appeared first on The Daily Hodl.

Bitcoin nears $100K as CPI data shows signs of cooling

Analyst Sees Avalanche (AVAX) Printing Bullish Technical Pattern, Updates Outlook on Polkadot and Dogecoin

December 4, 2024 The Daily Hodl

Altcoins

A widely followed analyst is leaning bullish on layer-1 blockchain Avalanche (AVAX) while offering his forecast for the flagship memecoin Dogecoin (DOGE) and interoperable chain Polkadot (DOT). The analyst pseudonymously known as Rekt Capital tells his 518,000 followers on the social media platform X that Avalanche witnessed a strong November. “Avalanche performed a historically bullish […]

The post Analyst Sees Avalanche (AVAX) Printing Bullish Technical Pattern, Updates Outlook on Polkadot and Dogecoin appeared first on The Daily Hodl.

Bitcoin nears $100K as CPI data shows signs of cooling

Price analysis 11/27: BTC, ETH, SOL, BNB, XRP, DOGE, ADA, AVAX, TON, SHIB

November 27, 2024 Coin Telegraph

Avalanche

Bitcoin’s strong recovery shows aggressive buying on every minor dip, but the bulls may struggle to overcome the $100,000 resistance.

Bitcoin’s (BTC) pullback found support at $90,791 on Nov. 26, and the bulls pushed the price back above $96,000 on Nov. 27. BTC Markets head of finance and crypto analyst Charlie Sherry told Cointelegraph that the dip to $92,600 “could be the ‘last flush’ before Bitcoin finally crosses $100K.”

However, some analysts are not confident that Bitcoin will break above $100,000 in a hurry. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin could “correct as much as 30% before it reaches its cyclical top.”

Crypto market data daily view. Source: Coin360

Bitcoin nears $100K as CPI data shows signs of cooling

Price analysis 11/25: SPX, DXY, BTC, ETH, SOL, BNB, XRP, DOGE, ADA, AVAX

November 25, 2024 Coin Telegraph

Avalanche

Bitcoin’s failure to cross above $100,000 could extend the current price pullback. The real question is whether or not bulls will buy the dip.

The failure of the bulls to push Bitcoin (BTC) above $100,000 started a pullback, which is expected to find buyers at lower levels.

According to crypto tracking platform SoSoValue, United States-based spot Bitcoin exchange-traded funds (ETFs) witnessed the largest recorded inflows of $3.38 billion last week.

Another major buyer of Bitcoin was MicroStrategy, a publicly traded business intelligence and software firm, which bought 55,000 Bitcoin for $5.4 billion between Nov. 18 and Nov. 24 at an average price of $97,862. After the latest purchase, MicroStrategy’s total holdings ballooned to 386,700 Bitcoin.

Bitcoin nears $100K as CPI data shows signs of cooling

Trader Says Avalanche (AVAX) Setting Up for Massive Rally, Updates Outlook on Dogecoin (DOGE)

November 24, 2024 The Daily Hodl

Altcoins

Widely followed crypto trader Rekt Capital says that Ethereum (ETH) rival Avalanche (AVAX) is positioning itself for another big rally to new price targets. Rekt Capital tells his 514,000 followers on the social media platform X that AVAX has turned the $38.57 level from resistance to new support that could send it rallying to a […]

The post Trader Says Avalanche (AVAX) Setting Up for Massive Rally, Updates Outlook on Dogecoin (DOGE) appeared first on The Daily Hodl.

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