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Price analysis 12/8: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, AVAX, LINK, MATIC

Coin Telegraph
Price analysis 12/8: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, AVAX, LINK, MATIC
Avalanche

Bitcoin price staged an intraday rally to the $44,000 level and technical charts show altcoins are keen to follow.

This week Bitcoin (BTC) price saw a shallow pullback, but the intra-day rally to the $44,000 level is an indication that the bulls are not hurrying to close their positions. Data from the popular HODL Waves metric shows that investors who purchased Bitcoin between December 2020 and December 2021 have been sitting on their coins.

Investors have not been selling into strength because they anticipate higher levels in the future. Asset manager VanEck said in its crypto predictions for 2024 that Bitcoin would make a new all-time high, buoyed by the “political events and regulatory shifts following a U.S. presidential election.”

Bitcoin’s rally of the past few days has also attracted investors to select altcoins, such as Ether (ETH), Cardano (ADA) and Solana (SOL). Research firm Santiment remains positive on the prospects of Bitcoin. It said on Dec. 7 that if FUD increases, Bitcoin could surge to $50,000.

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US Judge Denies Tornado Cash Developer Roman Storm’s Motion To Dismiss, Trial Set for December: Report

US Judge Denies Tornado Cash Developer Roman Storm’s Motion To Dismiss, Trial Set for December: Report

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

Coin Telegraph
Price analysis 12/6: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, AVAX, LINK, TON
Avalanche

Bitcoin is witnessing profit-booking by short-term holders, but institutional investors continue to put money into BTC investment products.

Bitcoin (BTC) has been on a tear, rising more than 10% this week. This shows that traders are urgently scrambling to buy Bitcoin as they anticipate the price to rally further. CoinShares data shows that investors have pumped in more than $1.44 billion into Bitcoin investment products in the past ten weeks.

The expectation is that the approval of a spot Bitcoin exchange-traded fund (ETF) will attract huge investments. Animoca Brands CEO Robby Yung, while speaking at the Next Block Expo conference in Berlin, said that Bitcoin ETFs could generate a potential income of “$10 to $12 billion.”

While long-term investors have been accumulating Bitcoin, the short-term holders (STHs) holding coins for 155 days or less have been busy booking profits in December. CryptoSlate research and data analyst James Van Straten, while sharing a Glassnode chart on X (formerly Twitter), said that STHs in profit sent roughly $5 billion worth of Bitcoin to exchanges in the first four days of December.

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US Judge Denies Tornado Cash Developer Roman Storm’s Motion To Dismiss, Trial Set for December: Report

US Judge Denies Tornado Cash Developer Roman Storm’s Motion To Dismiss, Trial Set for December: Report

Price analysis 12/4: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK

Coin Telegraph
Price analysis 12/4: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK
Binance Coin

Altcoins show compelling technical setups after Bitcoin price blew past $42,000 on December 4.

Bitcoin (BTC) and Ether (ETH) surged above their respective overhead resistance levels on Dec.

Cryptocurrency exchange Bybit said in its 4th quarter report that institutional traders held 35% of their assets in Bitcoin, 15% in Ether and a large portion kept 45% of their assets are in stablecoins. Only a miniscule 5% was held in rest of the altcoins.

This shows that there is still enough firepower available with institutional investors to buy the cryptocurrency of their choice by selling stablecoins.

Daily cryptocurrency market performance. Source: Coin360

Matrixport research head Markus Thielen said in a recent note that the three previous crypto bear markets were followed by a three-year bull cycle, and this time is going to be no different, with 2023 being the first year.

Could bulls hold on to the gains in Bitcoin and select altcoins, or will higher levels attract aggressive selling by the bears? Let’s analyze the charts to find out.

S&P 500 Index price analysis

The bulls kicked the S&P 500 Index (SPX) above the overhead resistance of 4,541 on Nov.

SPX daily chart. Source: TradingView

The up-move is likely to face selling in the zone between 4,607 and 4,650.

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US Judge Denies Tornado Cash Developer Roman Storm’s Motion To Dismiss, Trial Set for December: Report

US Judge Denies Tornado Cash Developer Roman Storm’s Motion To Dismiss, Trial Set for December: Report

Crypto Trader Predicts Rallies for Tron and Aave, Updates Outlook on Chainlink and Polkadot

The Daily Hodl
Crypto Trader Predicts Rallies for Tron and Aave, Updates Outlook on Chainlink and Polkadot
Aave
Crypto Trader Predicts Rallies for Tron and Aave, Updates Outlook on Chainlink and Polkadot

A widely followed crypto strategist thinks that rallies are in sight for the layer-1 blockchain Tron (TRX) and the decentralized finance (DeFi) lending protocol Aave (AAVE). Pseudonymous analyst Rekt Capital tells his 373,000 followers on the social media platform X that TRX ended November on a bullish note after the crypto asset closed above its […]

The post Crypto Trader Predicts Rallies for Tron and Aave, Updates Outlook on Chainlink and Polkadot appeared first on The Daily Hodl.

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US Judge Denies Tornado Cash Developer Roman Storm’s Motion To Dismiss, Trial Set for December: Report

US Judge Denies Tornado Cash Developer Roman Storm’s Motion To Dismiss, Trial Set for December: Report

Bitcoin Gearing Up To Soar As Indicator Signals Strong Momentum for BTC, According to Analyst Henrik Zeberg

The Daily Hodl
Bitcoin Gearing Up To Soar As Indicator Signals Strong Momentum for BTC, According to Analyst Henrik Zeberg
Altcoins
Bitcoin Gearing Up To Soar As Indicator Signals Strong Momentum for BTC, According to Analyst Henrik Zeberg

A widely followed analyst says that Bitcoin (BTC) is setting the stage up to skyrocket as one key indicator points toward strong momentum for the king crypto asset. In a new thread, macroeconomist and crypto strategist Henrik Zeberg tells his 121,200 followers on the social media platform X that BTC’s weekly relative strength index (RSI) […]

The post Bitcoin Gearing Up To Soar As Indicator Signals Strong Momentum for BTC, According to Analyst Henrik Zeberg appeared first on The Daily Hodl.

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US Judge Denies Tornado Cash Developer Roman Storm’s Motion To Dismiss, Trial Set for December: Report

US Judge Denies Tornado Cash Developer Roman Storm’s Motion To Dismiss, Trial Set for December: Report

Crypto Whales Give Chainlink Boost After Accumulating $50,000,000 More in LINK: Santiment

The Daily Hodl
Crypto Whales Give Chainlink Boost After Accumulating ,000,000 More in LINK: Santiment
Altcoins
Crypto Whales Give Chainlink Boost After Accumulating ,000,000 More in LINK: Santiment

Whales have contributed to a rally in the decentralized oracle service provider Chainlink by accumulating massive amounts of LINK, analytics firm Santiment reports. Santiment says that the top 200 Chainlink wallets added $50 million worth of LINK in the past five weeks, helping the altcoin drastically outperform Bitcoin (BTC). “Chainlink is moving ahead of the […]

The post Crypto Whales Give Chainlink Boost After Accumulating $50,000,000 More in LINK: Santiment appeared first on The Daily Hodl.

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US Judge Denies Tornado Cash Developer Roman Storm’s Motion To Dismiss, Trial Set for December: Report

US Judge Denies Tornado Cash Developer Roman Storm’s Motion To Dismiss, Trial Set for December: Report

Breakout Rallies in Sight for Ethereum (ETH) and Chainlink (LINK), According to Analyst – Here’s His Forecast

The Daily Hodl
Breakout Rallies in Sight for Ethereum (ETH) and Chainlink (LINK), According to Analyst – Here’s His Forecast
Altcoins
Breakout Rallies in Sight for Ethereum (ETH) and Chainlink (LINK), According to Analyst – Here’s His Forecast

A closely followed crypto strategist believes that Ethereum (ETH) and Chainlink (LINK) are poised to witness more moves to the upside. Pseudonymous analyst Inmortal tells his 202,500 followers on the social media platform X that Ethereum has broken out of a triangle formation on the four-hour chart. According to Inmortal, the breakout will likely stick […]

The post Breakout Rallies in Sight for Ethereum (ETH) and Chainlink (LINK), According to Analyst – Here’s His Forecast appeared first on The Daily Hodl.

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US Judge Denies Tornado Cash Developer Roman Storm’s Motion To Dismiss, Trial Set for December: Report

US Judge Denies Tornado Cash Developer Roman Storm’s Motion To Dismiss, Trial Set for December: Report

Price analysis 12/1: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX

Coin Telegraph
Price analysis 12/1: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX
Avalanche

Bitcoin price hit a new 2023 high on Dec.1 and multiple altcoins are following suit. Is the crypto market preparing for a Santa Claus rally?

Bitcoin (BTC) rallied about 9% in November, with $38,000 proving to be a difficult obstacle to cross. Coinglass data shows that in the past five years, Bitcoin rose only in 2020, but the extent of the rise at 46.92% was impressive.

Entering into the new year, several analysts are bullish on Bitcoin. 28 research note, Standard Chartered said that the possibility of the earlier-than-expected approval of spot Bitcoin exchange-traded funds could boost the price of Bitcoin to $100,000 before end-2024.

Daily cryptocurrency market performance. Source: Coin360

Galaxy Digital CEO Mike Novogratz also sounded upbeat about Bitcoin while speaking to Bloomberg on Nov. Additionally, the Federal Reserve cutting rates may act as a further trigger that could send Bitcoin’s price near the all-time high by this time next year.

Could Bitcoin sustain above $38,000 and clear the path for a rally to $40,000, or will bears again play spoilsport?

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US Judge Denies Tornado Cash Developer Roman Storm’s Motion To Dismiss, Trial Set for December: Report

US Judge Denies Tornado Cash Developer Roman Storm’s Motion To Dismiss, Trial Set for December: Report

Polygon Whales Go on Buying Spree As $90,000,000 Worth of MATIC Gets Scooped Up: Trader

The Daily Hodl
Polygon Whales Go on Buying Spree As ,000,000 Worth of MATIC Gets Scooped Up: Trader
ali martinez
Polygon Whales Go on Buying Spree As ,000,000 Worth of MATIC Gets Scooped Up: Trader

Cryptocurrency analyst and trader Ali Martinez says that deep-pocketed investors are scooping massive amounts of Ethereum (ETH) scaling solution Polygon (MATIC). Martinez tells his 34,000 followers on the social media platform X that crypto whales bought up a whopping 120 million MATIC in the past seven days. “Polygon: recently, MATIC whales have been on a […]

The post Polygon Whales Go on Buying Spree As $90,000,000 Worth of MATIC Gets Scooped Up: Trader appeared first on The Daily Hodl.

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US Judge Denies Tornado Cash Developer Roman Storm’s Motion To Dismiss, Trial Set for December: Report

US Judge Denies Tornado Cash Developer Roman Storm’s Motion To Dismiss, Trial Set for December: Report

Crypto Whale With $158,180,000 Worth of Chainlink Starts Sending LINK to Binance: Lookonchain

The Daily Hodl
Crypto Whale With 8,180,000 Worth of Chainlink Starts Sending LINK to Binance: Lookonchain
Altcoins
Crypto Whale With 8,180,000 Worth of Chainlink Starts Sending LINK to Binance: Lookonchain

A crypto whale who accumulated huge amounts of Chainlink (LINK) in the last two months is now making another big move, on-chain data shows. According to blockchain tracking service Lookonchain, the deep-pocketed investor used 81 different wallets to build up a massive holding of 11 million LINK. Now, the whale just moved 1.92 million LINK […]

The post Crypto Whale With $158,180,000 Worth of Chainlink Starts Sending LINK to Binance: Lookonchain appeared first on The Daily Hodl.

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US Judge Denies Tornado Cash Developer Roman Storm’s Motion To Dismiss, Trial Set for December: Report

US Judge Denies Tornado Cash Developer Roman Storm’s Motion To Dismiss, Trial Set for December: Report

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