XRP, Alchemy Pay, Stellar, KuCoin Token soar amid a risk-on sentiment

XRP, Alchemy Pay, Stellar, KuCoin Token soar amid a risk-on sentiment
фото показано с : invezz.com

2023-11-7 18:37

The financial market started the week well, continuing the rally that happened last week. Bitcoin remained above $35,000 while the major American indices like the Dow Jones, Nasdaq 100, and S&P 500 rose. 

Most altcoins were in the green. Ripple’s XRP price jumped by 13% and reached a high of $0.7320, the highest point since July 30th. The coin has soared by more than 65% from the lowest point in August. It has rallied after the Securities and Exchange Commission (SEC) abandoned its lawsuit against the head of Ripple Labs.

Alchemy Pay’s (ACH) token price has also jumped sharply, reaching a high of $0.021, the highest level since July 14th. It has soared by over 61% from the lowest level this month. The token rallied after the developers hinted of a major news in the ecosystem.

It is not yet clear what the news will be. Some analysts believe that Binance will approve its leveraged token in its ecosystem. Historically, cryptocurrencies rally after being listed in major exchanges like Binance and OKB.

There’s something new coming to #Binance. Stay Tuned! #AlchemyPay pic.twitter.com/qzECb2bX3I

— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) November 6, 2023

KuCoin Token (KCS) price has made a strong bullish comeback lately. The KCS token flew to a high of $5.66, which was 58% above the lowest point in September. Other exchange tokens like OKB, Uniswap (UNI), and Cronos (CRO) jumped as investors moved back to cryptocurrencies.

The other top-performing cryptocurrencies on Monday were Stellar Lumens (XLM), The Graph (GRT), Injective, and Gala were among the best performing cryptocurrencies.

This rally coincided with the improved sentiment in the broader market. The US dollar index (DXY) has pulled back while the fear and greed index has risen gradually even as it remains in the greed zone.

Further, American equities have bounced back in the past few weeks. The Dow Jones, Nasdaq 100, and S&P 500 indices had their best week this year. Bond yields have also retreated.

The main catalyst for the rally was last week’s Federal Reserve interest rate decision. In it, the bank left interest rates unchanged between 5.25% and 5.50%. The Fed Chair hinted that the bank will remain unchanged for the rest of the year.

The post XRP, Alchemy Pay, Stellar, KuCoin Token soar amid a risk-on sentiment appeared first on Invezz

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

LikeCoin (LIKE) на Currencies.ru

$ 0.0035548 (-0.48%)
Объем 24H $2.559k
Изменеия 24h: 3.97 %, 7d: -14.33 %
Cегодня L: $0.0032467 - H: $0.0036132
Капитализация $0 Rank 5190
Цена в час новости $ 0.0078207 (-54.55%)

week major american indices remained above like

week major → Результатов: 126


Crypto Resurgence Triggers $200 Billion Loss In ‘Magnificent Seven’ Tech Shares

The crypto market is currently experiencing a significant upswing, with cryptocurrencies collectively gaining $1.3 trillion in market capitalization over the past week. This surge in enthusiasm for digital assets coincides with the imminent approval of a spot Bitcoin Exchange-Traded Fund (ETF) in the United States, providing a major boost to the entire crypto ecosystem. As […]

2023-10-26 14:30


Unprecedented SEC Action Signals Possible Bitcoin Spot ETF Approvals

In a significant development, the US Securities and Exchange Commission (SEC) has taken an unprecedented step that has raised hopes for approving Bitcoin spot exchange-traded funds (ETFs). This move comes after the SEC recently delayed applications for Bitcoin spot ETFs from major financial players like BlackRock, Fidelity, and VanEck due to last week’s looming US […]

2023-10-2 21:00


Фото:

FTX liquidations: DOGE, TRX and MATIC face “highest sell pressure”

Today’s major talking point across the crypto market is the potential impact of an FTX firesale involving multiple coins and tokens. Traders positioning themselves for this scenario – expected this week if liquidators at the bankrupt crypto exchange get court’s approval – have already contributed to significant declines for the likes of Solana, XRP and […] The post FTX liquidations: DOGE, TRX and MATIC face “highest sell pressure” appeared first on Invezz.

2023-9-11 21:20