Ethereum and the aggregated crypto markets have rallied over the past 24-hours, catching the massive upwards tailwind created by Bitcoin’s surge to highs of $8,800. This rally has led ETH to climb into the $150 region as it outperforms BTC and many other major altcoins.
Over a larger time frame, analysts are noting that Ethereum’s recent bullishness and its ability to establish the $120 region as a potential bottom opens the gates for significantly further gains, which could lead the crypto to surge as much as 80% by May of this year.
Ethereum Outperforms Bitcoin as Aggregated Crypto Markets Rally
At the time of writing, Ethereum is trading up over 7% at its current price of $154, which marks a significant climb from its daily lows of $143 that were set yesterday.
Today’s movement marked an upwards break out of the consolidation phase that ETH has entered last Friday, which subsequently led it to trade sideways around $144 for multiple days.
Today’s surge has allowed ETH to also post some decent gains against Bitcoin, as it is currently trading up just under 2% against its BTC trading pair. Other major altcoins have also seen sizeable gains today, with Bitcoin Cash rallying 22% and Bitcoin SV surging a whopping 90%.
Some analysts do anticipate Ethereum and Bitcoin to see a sharp pull back in the near-term, which could provide an ideal entry opportunity for sidelined investors.
“$XBT | USD | $ETH | USD Update: Taking some profit on my ETH Long too here as the 12h E2E has concluded. 85% of my XBT Long closed too now that the daily E2E has concluded. Thinking about re-entering bigger around 8500$,” Smokey, a popular analyst on Twitter, explained in a recent tweet.
$XBT | USD | $ETH | USD
Update
Taking some profit on my ETH Long too here as the 12h E2E has concluded.
85% of my XBT Long closed too now that the daily E2E has concluded.
Thinking about re-entering bigger around 8500$ pic.twitter.com/wAlQoU39y2
— Smokey (@SmokeyXBT) January 14, 2020
Will ETH Soon Rally Towards $280?
Mayne, another popular cryptocurrency analyst on Twitter, explained in a recent tweet that he believes ETH’s mid-term prospects are incredibly bullish, setting an upside target of $280 for the crypto by May of this year.
“$ETH preparing to blow the top off, this 3D level will not hold much longer,” he explained while pointing to the chart seen below.
$ETH preparing to blow the top off, this 3D level will not hold much longer. pic.twitter.com/8hdleDVb60
— Mayne (@Tradermayne) January 14, 2020
If Mayne’s prediction does prove to be accurate, the crypto could soon see an 80% rally from its current price levels, which would point to immense strength amongst Ethereum’s bulls.
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Bitbox Cryptocurrency exchange owned by the Japanese messaging giant, LINE, recently announced plans to delist the XRP token and its trading pairs. While the planned action comes as a shock to the XRP and Ripple community, the XRP token, compared to other altcoins, has enjoyed a price surge since the beginning of the year.
Ethereum and most major altcoins have incurred significant upwards momentum over the past day, which stems from Bitcoin’s notable surge from lows of $6,800 to highs of $7,400. ETH, which is slightly underperforming BTC, has been able to reclaim its positive within the $130 region, and is showing growing signs of bullishness.
2019 proved to be a positive year for the aggregated cryptocurrency markets, with Bitcoin posting a stunning surge of nearly 100%, while altcoins had mixed performance, with Ethereum (ETH) dropping marginally while XRP posted a massive 45% drop.
Yesterday was an overwhelmingly bullish day for the cryptocurrency markets, with Bitcoin posting a large surge from its lows of $6,400 that led Ethereum (ETH) and most other major altcoins to climb as much as 10%.
Bitcoin stabilized above the $7,000 support level on Thursday, as the number one cryptocurrency continues to hold onto Wednesday trading gains. Altcoins moved into positive territory, with Maker, Waves, Ravencoin and Theta leading the advance.
Bitcoin’s meteoric rise not only made the crypto asset a household name and caused extreme FOMO at the tail end of 2017, it also caused a surge in interest in altcoins from those seeking to find the next Bitcoin.
Just when crypto markets were in danger of falling below the crucial $200 billion market capitalization level a massive surge injected over $50 billion back in. The Bitcoin led rally is one of the largest in recent history and nearly all altcoins are enjoying big double digit gains today.
Chainlink is one of the best performing altcoins of 2019. There are plenty of reasons for its surge in popularity and price, all of them grounded in solid fundamentals and growing partnerships with tech giants.
Bitcoin’s price has increased against all expectations. In a sudden surge, the largest cryptocurrency by market cap briefly reached $8,700 yesterday, subsequently stabilizing around the $8,500 price level.
Bitcoin has once again found support around $8,200 after the upwards momentum it garnered from its recent dip into the $7,000 region faltered. It is important to note that BTC’s recent price action is quite similar to that seen a couple of weeks ago, which likely points to the fact that it is currently caught.
Bitcoin has started once again trading sideways after a breakdown from its previous trading range, and when Bitcoin trades sideways, altcoins often get their time to shine. Thus far in October, altcoins have outperformed Bitcoin by a wide margin, and according to crypto analysts, the surge in alts could last all month long and have.
With altcoins like Ethereum and XRP at extreme lows, and Bitcoin now falling, the entire crypto market is at risk of falling deeper into a bear market. But if an important long-term technical indicator on Ethereum price charts flips bullish in the coming days, Ethereum may break above resistance, causing price to surge and the.
The cryptocurrency market has been struggling to gain bullish price movement after the massive fall on September 24th, which saw Bitcoin and major altcoins lose their value in double digits. Since then the market has not seen any significant surge in prices, as the wave of market corrections often neutralized the small gains.
Altcoins have started surging recently, on the back of the world’s largest cryptocurrency showing some signs of life. Along these lines, Tron recorded a surge of 2. 14% over 24 hours, with the digital asset being priced at $0.
2019 started slowly for altcoins, before exhibiting a major surge over April – June. However soon, the valuation for most of them all went south. Most top altcoins performed relatively well against the US dollar.
As the top altcoins entered into a brief moment of bullish frenzy, Litecoin exhibited 7. 69% surge over the week and was valued at $74. 73, at press time. The coin continued to trade below BCH and held a market cap of $4.
Amidst the rise of the altcoins’ price, online cryptocurrency transaction tracker, Whale Alert revealed that 7,800 BTCs worth $78 million were on the move. Whale Alert shared the update with the community through its official Twitter handle.
Today is all about the altcoins as a sea of green envelops crypto-asset markets and bitcoin is nowhere to be seen. In a rare move, many of the major altcoins are making large gains independently of their big brother.
In a rare move this year the altcoins have taken off today and their big brother has stalled its engine. Specifically Ripple’s XRP and payments token Stellar Lumens are driving the rally as total market capitalization and volume crank higher.
ETH price rallied further and broke the $200 and $210 resistance levels against the US Dollar. Bitcoin price is consolidating near the $10,200 and $10,250 pivot levels. There is a new connecting bullish trend line forming with support near $206 on the hourly chart of ETH/USD (data feed via Kraken).
Bitcoin price inched lower on Tuesday as investors waited for the outcome of the Federal Reserve’s two-day meeting on monetary policy. The benchmark cryptocurrency slipped by $44. 70, or 0.
After consolidating low in the charts for the past couple months, major altcoins were moving in a direction which could revive some of its early-year optimism. Bitcoin dominance was still above 70 percent at press time, as alts tried to make a comeback in the market.
When we talk about altcoins in the cryptocurrency market, we usually talk about all coins apart from Bitcoin [BTC]. The majority of alts have been depreciating since the collective bullish phase concluded in the 2nd quarter of 2019, but the second wind of bullish surge was apparent for a few of them.
Bitcoin has come up to reach the high values it is associated with. The cryptocurrency has made significant gains in 2019 and peaked around $14,000 earlier in the year. The surging prices of Bitcoin have been beneficial to cryptocurrency markets as a whole.
Bitcoin price took a hit before the weekend, going from $10,950 to about $10,200 level. However, soon after BTC price recovered. Today, Bitcoin has been trading around $10,542 when it took another dump of over $200 in less than half an hour, going to $10,320.
Bitcoin (BTC) is back in positive territory today. Yesterday’s surge of nearly 8% on Bitstamp saw BTC shoot back past $10,000 and then briefly clip the $10,750 mark on Tuesday. Most of the cryptocurrency market followed, with only a handful of altcoins in the red.
Despite the drawdown in the price of Bitcoin (BTC) — which some analysts say would result in a change of tides for altcoins — BTC dominance continues to tick higher. As of the time of writing this, the key market metric is approaching 70% for the first time in years, implying that once again, almost.
For the fifth time since its 2019 rally began, Bitcoin has dipped back into the four figure price range. The move has not been unexpected, however it is clear that this bull run has exhausted its supply of buyers for now.
The recent market upswing took many investors into the bullish side once again. Even though the surge was seen across the entire industry, most altcoins lost the value they gained yesterday. This technical analysis will evaluate whether Binance Coin, TRON, or Chainlink have a chance to continue rising.
By CCN Markets: Bitcoin raged back into a bull market in 2019, leaving the rest of the cryptocurrency market in the dust. While bitcoin is up 178 percent this year alone, Ripple (XRP) and Stellar (XLM), are down more than 15 percent.
There has only been one mover and shaker in the world of cryptocurrencies over the past month or so. All eyes have been on Bitcoin while its smaller siblings have been eroded as altcoins remain in deep hibernation.
Popular altcoins like ETH, XRP, and TRX were seen following the footsteps of BTC as they mirrored BTC’s surge and drop. Bitcoin, with a market cap of $207 billion, is the largest cryptocurrency and the on-chain activities of the coin like transaction volume, active addresses, number of transactions, etc.
Well then. Bitcoin (BTC) has just reclaimed $10,000 in a sudden surge to the upside. As of the time of writing, the cryptocurrency sits just shy of $10,000, finding itself up 4% in the past 24 hours.
Volatility has been rocking the cryptocurrency market for the last week. In the last 7 days, Bitcoin has climbed as high as $11K followed by drops to lows of $9,600. In all this time, the primary target for bulls has been finding support above $10K.
Bitcoin has been leading most major altcoins, like Ethereum, Litecoin, and XRP, on a wild rise as of late, starting with its recent drop to $9,100, which was quickly followed by a surge towards $11,000.
It’s no longer news that the cryptocurrency community is expecting an altcoin season where the prices of crypto assets other than Bitcoin will spike significantly. Paddy Stash, a cryptocurrency analyst has done some homework on it.
After the major surge in mid-December 2018, the market seems to have found an exhaustion point. The retrace gives an opportunity for sideliners to buy in before the next upswing. Although the plunge has been more drastic in altcoins than in Bitcoin, this technical analysis will evaluate whether Cardano, Chainlink and Ravencoin are doomed to […]
The post Are Cardano, Chainlink and Ravencoin doomed to continue falling? appeared first on CryptoSlate.
Several cryptocurrency analysts have opined that the altcoin season is near even though Bitcoin, the top cryptocurrency by market cap has shown more gains in the past few months. Like these analysts, Barry Silbert, founder, and CEO of Digital Currency Group, a venture capital company has stated that it’s beginning to feel like the right […]
The post Barry Silbert: This is The Time for Quality Altcoins to Surge with Bitcoin appeared first on ZyCrypto.
Bitcoin had a positive start to the week, after a short rally on Monday, the coin extended this lead to reach over $12,700 on Tuesday. This was a more than 10% surge early in the morning. Later in the day, the asset seemed to slow down and retrace back to the $12,300 range.
While the price of Bitcoin continues to surge, it appears as though a number of other premier altcoins are struggling to maintain their bullish momentum. For example, as per a recent study released by popular cryptoanalyst, Josh Rager, Ethereum is currently close to breaking its 3-year support line and will most likely continue to lose […]
Bitcoin’s resurgent behavior over the week has riled up the community again, with many sharing hopes that this time around the world’s largest cryptocurrency will break its all-time highs. During these fluctuations, many patterns have also been noticed that contributed to the overall behavior of the cryptocurrency market.
The virtual asset industry is a large playing field which includes thousands of cryptos, with each one of them trying to establish their proficiency in the market. Bitcoin might be the dominant player in the system, but on the development front, there are certain lesser-known altcoins that have been making huge strides in their respective […]
The post ChainLink leads altcoin market surge; records 900% growth since May appeared first on AMBCrypto.
Bitcoin has been facing mounting selling pressure ever since it first flirted with $13,800 last week. This subsequent drop has led most altcoins to erase the majority of the gains that they have incurred over the past several weeks.
The week has been hugely bullish for Bitcoin. The prices bulldozed their way to new year highs and the parabolic market surge was one of the highest rises in recent months. At some point, when Bitcoin prices were reaching highs of $13,800, Bitcoin was up by 43% in just seven days.
Bitcoin’s recent surge has been the highlight of the cryptocurrency market after it witnessed an increase of more than 200 percent over the year to currently trading near the $12,000 mark. Despite the price hike, some cryptocurrency users still believe that Bitcoin would fail to live up to its expectations and that other altcoins like […]
The post Ethereum’s lower issuance rate compared to Bitcoin speculated to be key in rapid decentralization and adoption appeared first on AMBCrypto.
Bitcoin investors who grew fearful after yesterday’s 20%+ drop were pleasantly surprised today after BTC continued its upwards momentum and climbed back into the $12,000 region. This surge signals that the crypto’s bulls are not.
An unknown attacker prompted Ethereum developers to roll out a “private fix” as the network grappled with technical issues during the Pectra upgrade on the Sepolia testnet. In a post-incident report, Ethereum developer Marius van der Wijden revealed that the…
Crypto coins remained under pressure during the weekend even after Donald Trump announced his plans for a Strategic Bitcoin Reserve (SBR) and held the first crypto summit in Washington. Bitcoin’s price has crashed below $83,000, while the valuation of most coins has dropped to $2.
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Bitcoin and most altcoins crashed this week, mirroring the performance of the stock market, and leading to over $1 billion worth of liquidations. BTC plunged to a low of $84,000, while coins like Solana, Cardano, Sonic, Ethena, and Dogwifhat.
