The post WisdomTree Launches Europe’s Cheapest XRP ETP Across Major Exchanges appeared first on Coinpedia Fintech News WisdomTree, a leading asset management firm, has launched its latest cryptocurrency exchange-traded product (ETP), the WisdomTree Physical XRP (XRPW), on major European exchanges, including Deutsche Börse Xetra, Six Swiss Exchange, and Euronext. With a competitive management expense ratio of 0.50%, this ETP offers one of Europe’s most cost-efficient options for XRP exposure. The product is …
In August 2020, an LA-based tech enthusiast made a life-changing decision. While exploring cryptocurrencies, she stumbled upon Shiba…
Amid rising bullish sentiment, Litecoin (LTC) faces crucial resistance as traders assess its price trajectory and potential breakout opportunities. As Litecoin navigates the current uptrend, analysts are keenly observing critical
Charles Schwab's future CEO explained the company's planned giant cryptocurrency move in his statement. Here are the details. Continue Reading: Market Major Schwab Prepares to Take Massive Cryptocurrency Step
The post Super Whale Adds $870k in EIGEN, Boosts Holdings to $3.56M appeared first on Coinpedia Fintech News With the altcoin season heating up as Bitcoin inches near the $100,000 mark, Super Whale is buying Eigen Layer tokens. The whale 0x373 made a profit of $70 million from PEPE and has now bought 319,114 EIGEN tokens in exchange for 252.4 Ethereum tokens. This transaction was worth $870,000 nearly 7 hours ago. This increases …
The post Bitcoin Nears $100k as Whales Accumulate 3,577 BTC Worth $330 Million appeared first on Coinpedia Fintech News With the Bitcoin price inching closer to the $100,000 mark, the whales are continuing to accumulate BTC. In a recent whale entry, an entity has accumulated 3,577 Bitcoin worth $330 million. The buying speed has continued for the past four days. The whale is currently holding 25,298 Bitcoin worth $2.5 billion.
The post Bitcoin Breaks $99k as Bitcoin ETFs See $842M Inflows appeared first on Coinpedia Fintech News With Bitcoin crossing above the $99,000 mark, the Bitcoin ETF market registered a positive inflow on Nov 21. The net flows reached $842.74 million by purchasing 8,585 Bitcoins. BlackRock’s iBit was the leader in the pack with the purchase of 6,644 Bitcoins worth $652 million and is currently holding 481,270 Bitcoins worth $47.24 billion. The …
Assessing if LTC has enough firepower to break through its immediate resistance amid strong bullish sentiment in the market.
Bitcoin has shattered expectations once again, surging past the critical $93,257 level in a display of unstoppable momentum. This breakout has ignited fresh waves of bullish optimism across the crypto market, as traders and investors anticipate greater gains. With market sentiment shifting and key indicators aligning, could this be the spark for Bitcoin’s next major rally? As optimism steadily increases in the market, the goal is to take a closer look at BTC’s impressive breakout above the $93,257 mark, analyze the positive sentiment driving its climb, and assess the potential for continued upward strength in the market. Bullish Indicators: What’s Fueling BTC’s Uptrend? Currently, on the 4-hour chart, BTC is sustaining its position after successfully surpassing the $93,257 mark while trading above the 100-day Simple Moving Average (SMA). By maintaining its position above this level and the 100-day SMA, BTC demonstrates resilience and capability for more price growth, targeting new highs. An analysis of the 4-hour Relative Strength Index (RSI) shows a significant surge, climbing to 70% from its previous low of 56%, indicating strong bullish pressure for BTC. While this increase signals growing positive market sentiment, it raises concerns about the rally’s sustainability since a price correction could occur if profit-taking ensues. Related Reading: Bitcoin Price Forms Bullish Symmetrical Triangle, Crypto Analyst Says Next Stop Is $100,000 Bitcoin is showing strong positive movement after breaking past the $93,257 level, supported by a rise above the 100-day SMA, reflecting sustained bullish strength and potential for continued upward movement. The fact that BTC is consistently above the 100-day SMA suggests a solid trend and that the bulls are eager to push prices higher, possibly leading to an extended growth if pressure continues to build. Finally, the RSI on the daily chart is currently at 81%, well above the key 50% threshold, signaling a strong uptrend for Bitcoin. With the RSI at this level, it suggests that the upside pressure is likely to continue, which means that Bitcoin’s price could keep rising in the near term, as there are no signs of a reversal or decline. What The $93,257 Breakout Signals For Bitcoin The $93,257 breakout opens the door to a more optimistic future outlook for Bitcoin. This key resistance level has been decisively breached, suggesting that BTC may continue its upbeat momentum, potentially targeting higher price levels such as the $100,000 mark and beyond. Related Reading: Bitcoin Price on the Rise: Is There More Fuel for the Rally? However, careful monitoring is essential for any signs of resistance or market corrections that could hinder its ascent. Should such a scenario occur, Bitcoin’s price could begin to drop toward the $93,257 mark. A break below this level might trigger further declines, possibly testing additional support levels in the process. Featured image from Unsplash, chart from Tradingview.com
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