Price Analysis
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Cryptocurrency
Litecoin Aims for $100 with a 31% Rise in Short-Term Holders
Since August 2023, Litecoin (LTC) has consistently maintained a strong macro support level above $59. This stability has set the stage for a potential bullish breakout in the coming days. As a mid-cap altcoin with a fully diluted valuation (FDV) estimated at around $6.4 billion, Litecoin has captured the attention of investors and traders alike. On Tuesday, November 12, during the early New York session, Litecoin’s daily average traded volume…
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Cryptocurrency
Litecoin Aims for $100 Mark with 31% Rise in Short-Term Holders
Since August 2023, Litecoin (LTC) has been establishing a robust macro support level above the $59 mark, signaling potential bullish momentum in the near future. As a mid-cap altcoin, Litecoin has an impressive fully diluted valuation (FDV) of approximately $6.4 billion. The recent market activity is a testament to its growing influence, with the daily average traded volume soaring by 107 percent, reaching about $1.73 billion during the early New…
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Cryptocurrency
How the Movement of 2,570 BTC Might Impact Bitcoin’s Surge to $88K
In the wake of the recent US presidential election, Bitcoin has experienced a dramatic increase in value, surging by nearly 30% to reach an unprecedented $88,244.01. Over the past week alone, Bitcoin has grown by 29.8%, providing a substantial boost to the overall cryptocurrency market, which saw a notable 5.5% uptick in the last 24 hours. However, the bullish momentum has been met with some skepticism due to activity linked…
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Cryptocurrency
How Moving 2,570 BTC Might Impact Bitcoin’s Journey to $88K
In the wake of the recent U.S. presidential election, Bitcoin has experienced a remarkable surge in value, climbing by nearly 30% to reach an impressive $88,244.01. Over the past week, this leading cryptocurrency has propelled the entire crypto market forward with a 29.8% growth. In just the last 24 hours, the crypto market has witnessed a notable 5.5% increase. However, amidst this bullish momentum, the activities of the now-defunct Mt.…
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Cryptocurrency
What Factors Are Driving Today’s Increase in Cryptocurrency Prices?
The cryptocurrency market has witnessed a significant uptick, with Bitcoin (BTC) leading the charge. After surpassing the former resistance level of $73,000 last week, Bitcoin has been on an impressive ascent, reaching new all-time highs (ATHs) daily. The flagship cryptocurrency recently surged over 8% within 24 hours to achieve a new ATH of approximately $89,560, before a slight retracement to $87,930 on Tuesday, November 12, during the early Asian trading…
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Cryptocurrency
What Factors Are Driving Today’s Increase in Cryptocurrency Prices?
In a remarkable turn of events, Bitcoin (BTC) has shattered its previous resistance levels, reaching new all-time highs (ATH) almost daily. Last week, Bitcoin’s price soared past the $73k mark, and the upward trend has shown no signs of slowing down. Within the past 24 hours, Bitcoin surged by more than 8%, achieving an unprecedented ATH of approximately $89,560 before settling at $87,930 during the early Asian trading session on…
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Cryptocurrency
Bitcoin Surges to Unprecedented $88,000: What is the ‘Last Big Trade’?
Bitcoin recently surged past $81,000, marking a significant milestone in the world of cryptocurrencies. This unprecedented rise can be attributed to President-elect Donald Trump’s favorable stance on digital assets and the anticipation of a pro-crypto Congress. Optimism is rife in the cryptocurrency sector following Trump’s decisive election win. As of now, Bitcoin is trading at an impressive $88,700, reflecting an increase of over nine percent. U.S. Markets Boost Bitcoin’s Ascent…
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Cryptocurrency
Bitcoin Reaches Unprecedented High of $88,000: Exploring the ‘Last Big Trade’
The cryptocurrency world is abuzz as Bitcoin recently reached an unprecedented milestone, soaring beyond $88,000. This remarkable surge is attributed to a confluence of factors, including the election of President-elect Donald Trump and the anticipation of a pro-crypto Congress. With Trump’s strong advocacy for digital assets, market optimism is palpable. The Impact of U.S. Market Performance As U.S. markets continue to outperform global equities, investors are hopeful for sustained gains.…
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Cryptocurrency
Analyst Suggests $100K Buzz Might Lead to a Drop to $75K
Bitcoin’s journey in the financial market has been nothing short of dramatic, characterized by its volatility and rapid price increases, especially in response to significant political events. A prime example of this was witnessed on the night Donald Trump clinched victory in the 2024 election. During this period, Bitcoin experienced an unprecedented surge, reaching an all-time high of $75,000. This milestone was only the beginning, as Bitcoin’s value continued to…
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Cryptocurrency
Analyst Predicts $100K Excitement Might Lead to a Drop to $75K
In recent times, Bitcoin has exhibited significant volatility and impressive gains, often coinciding with major political events. A notable example of this phenomenon occurred on the night of the 2024 U.S. presidential election. As Donald Trump emerged victorious, Bitcoin experienced an unprecedented surge, reaching an all-time high of $75,000. This marked the beginning of a remarkable rally in the cryptocurrency market, with Bitcoin continuing to climb and eventually peaking at…
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