Bitcoin’s strong monthly close could spark a rally in XRP, TAO, RUNE and SEI

September 29, 2024 Coin Telegraph

Bitcoin

Bitcoin is en route to locking in a historic monthly performance, which could set a bullish path for XRP, TAO, RUNE, and SEI.

Bitcoin (BTC) has failed to run up following the breakout above $65,000, but a positive sign is that the bulls have not given up much ground. This suggests that the buyers are holding on to their positions as they expect the up move to extend further.

The United States-based spot Bitcoin exchange-traded funds witnessed inflows of $1.1 billion last week, the largest weekly flows since July 15-19. This shows that the sentiment has turned positive. The rally pushed the Crypto Fear & Greed Index into the greed territory at 63 on Sept. 29.

Crypto market data daily view. Source: Coin360

Congress Panel Probes Crypto Debanking Amid Industry Uproar

Ethereum underperforms Bitcoin, but is the ETH/BTC pair ripe for a turnaround?

September 29, 2024 Coin Telegraph

Bitcoin

Ether has been underperforming Bitcoin for several months, but that may be about to end.

Ether (ETH) has been underperforming Bitcoin (BTC) by a considerable margin. The second biggest cryptocurrency by market capitalization hit a three-and-a-half-year low against Bitcoin on Sept. 18, last seen in 2021. The big question is whether the low offers a buying opportunity or will Ether continue to underperform.

Bitcoin has been stuck in a sideways price action for several months, but select analysts expect the price to break out of the range and hit a new all-time high in the fourth quarter of this year.

However, analysts do not expect the same from Ether, which is way below its lifetime high. Polymarket, the world’s largest prediction market, shows 85% odds that Ether will not hit a new all-time high in 2024.

Congress Panel Probes Crypto Debanking Amid Industry Uproar

Price analysis 9/25: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

September 26, 2024 Coin Telegraph

Avalanche

Bitcoin continues to face selling near $65,000, but the intensity seems to be reducing, paving the way for an upside breakout.

Bitcoin (BTC) faces rejection near $65,000 again, making it an essential overhead resistance to cross. A positive sign for the bulls is that Bitcoin’s classic Puell Multiple metric has hit the “green” zone for the first time since the end of 2022.

“Historically, when the green zone was reached, it was followed by an upward price movement,” said CryptoQuant contributor Darkfost in a blog post.

Analyst Rekt Capital highlighted another historical pattern favoring the bulls. He said that Bitcoin breaks out from its reaccumulation range between 154 and 161 days after halving. The analyst added that the most recent Bitcoin halving occurred on April 20, 157 days ago, which puts it within striking distance of a breakout.

Congress Panel Probes Crypto Debanking Amid Industry Uproar

Price analysis 9/23: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA

September 23, 2024 Coin Telegraph

Bitcoin

Bitcoin bears are defending the $65,000 resistance, but if it gives way, BTC and altcoins are likely to chase new all-time highs.

Bitcoin’s (BTC) rejection near the $65,000 resistance shows that the bears want to keep the price inside the lower half of the $54,000 to $73,777 range, but the bulls are not willing to give up easily. The latest 10x Research report pointed out that Bitcoin is ready for a rally, considering that it is entering the historically strong season from October to March.

Another bullish development for the cryptocurrency markets could be the aggressive 50 basis point rate cut by the Federal Reserve on Sept. 18. CoinShares’ latest weekly digital asset fund flows report said the rate cut could have triggered inflows of $321 million into digital asset investment products last week.

Daily cryptocurrency market performance. Source: Coin360

Congress Panel Probes Crypto Debanking Amid Industry Uproar

Bitcoin price strength extends to AVAX, SUI, TAO and AAVE — Are altcoins back?

September 22, 2024 Coin Telegraph

Aave

Bitcoin's rally to $64,000 increased traders' interest in altcoins like AVAX, SUI, TAO and AAVE.

Bitcoin (BTC) dipped below $63,000 on Sept. 22, indicating possible profit booking by short-term traders. Some analysts believe that Bitcoin could enter a minor consolidation before attacking the crucial overhead resistance at $65,000.

While short-term uncertainties remain, analysts are bullish for the long term. Standard Chartered global head of digital assets research Geoff Kendrick expects Bitcoin to reach $200,000 by the end of 2025. Kendrick anticipates the positive inflows into Bitcoin exchange-traded funds, a marginal uptick in inflation, and the likely removal of Staff Accounting Bulletin-121 — a rule effectively preventing banks from holding digital assets for clients — to be the major triggers for Bitcoin’s rally.

Crypto market data daily view. Source: Coin360

Congress Panel Probes Crypto Debanking Amid Industry Uproar

Bitcoin rally to $60K raises traders’ interest in FET, SUI, AAVE and INJ

September 15, 2024 Coin Telegraph

Aave

Bitcoin’s rally above $60,000 could trigger buying in FET, SUI, AAVE, INJ and other altcoins.

Bitcoin (BTC) reclaimed the $60,000 level on Sept. 13, indicating a solid comeback by the bulls. Bitcoin’s rally of about 10% this week has helped buyers turn around September’s returns to positive.

Next week, investors will focus on the FOMC meeting scheduled for Sept. 18. CME Group’s FedWatch Tool shows a 50% probability of a 50-basis point rate cut. However, if the Federal Reserve delivers a 25-basis point rate cut, the cryptocurrency markets may witness a knee-jerk reaction to the downside.

Crypto market data daily view. Source: Coin360

Congress Panel Probes Crypto Debanking Amid Industry Uproar

Crypto and commodities poised for massive rally, says market analyst

September 15, 2024 Coin Telegraph

Bitcoin Price

According to Michael van de Poppe, an upcoming surge in global liquidity, fueled by debt refinancing, could trigger the next Bitcoin bull run.

A notable market analyst believes the cryptocurrency and commodities markets could both be ahead of a parabolic rally.

This is because both crypto assets and commodities remain “extremely undervalued,” according to analyst and entrepreneur Michaël van de Poppe.

The analyst noted in a September 15 post on X that commodities were last valued at similar levels in 2000 and 1971.

Congress Panel Probes Crypto Debanking Amid Industry Uproar

Bitcoin range recovery could boost UNI, SUI, OP and HNT

September 8, 2024 Coin Telegraph

Bitcoin

Bitcoin remains below $55,724 support, but the selling may be reducing, increasing the possibility of a relief rally in UNI, SUI, OP and HNT.

Bitcoin (BTC) broke below the $55,724 to $73,777 range on Sept. 6, paving the way for a further decline to the Aug. 5 intraday low of $49,000. According to Bitget Wallet chief operating officer Alvin Kan, Bitcoin may remain under pressure until the Federal Reserve’s rate decision on Sept. 18. However, after the rate cut is announced, Kan anticipates risk assets to witness a short- to mid-term boost.

Arthur Hayes, the former CEO of the BitMEX cryptocurrency exchange, who earlier speculated Bitcoin to drop below $50,000 has changed his view. He now expects Bitcoin to rally as early as next week due to increased United States dollar liquidity from the Fed.

Crypto market data daily view. Source: Coin360

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Price analysis 9/6: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

September 6, 2024 Coin Telegraph

Avalanche

Bitcoin bears have pulled the price below the support of the range, starting a potential downtrend toward $49,000.

Bitcoin (BTC) has been in a sideways price action pattern for several months, but the bears are trying to seize control. The resolution of the large $55,724 to $73,777 range in favor of the sellers could start a downtrend.

Arthur Hayes, former CEO of crypto exchange BitMEX, has projected Bitcoin to fall below $50,000. A similar view was offered by veteran trader Peter Brandt, who has a target of $46,000 for Bitcoin.

Crypto market data daily view. Source: Coin360

Congress Panel Probes Crypto Debanking Amid Industry Uproar

Price analysis 9/2: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA

September 2, 2024 Coin Telegraph

Bitcoin

Bitcoin is attempting a slight recovery, but closing above the $60,000 market will be the first step to achieve before BTC and altcoins can bounce from their recent lows.

The S&P 500 Index (SPX) rose marginally by 0.24% last week, but Bitcoin (BTC) succumbed to selling pressure and fell nearly 11%. Will Bitcoin resume its uptrend, or has it already topped out? That is the big question worrying investors.

However, the whales do not seem to be perturbed by the sideways price action and have been on a buying spree. According to a post on X by market intelligence platform Santiment, Bitcoin whale wallets holding 100 Bitcoin or more surged by 283 wallets to 16,129 wallets, the highest in 17 months.

Daily cryptocurrency market performance. Source: Coin360

Price analysis

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