Bitcoin traders eye post-election rally as exchange outflows point to supply squeeze
Bulls are watching short positions, exchange withdrawals and key price levels for signs of a rebound after the midterms.
Rally
Tom Lee sees $2 trillion wealth transfer fueling crypto rally as Bitmine (BMNR) buys more ether (ETH)
Lee also noted Wall Street’s growing use of blockchain technology to represent financial assets, the rise of AI applications and crypto treasury companies holding tokens for the long term as possible drivers of a new rally. Bitmine inches closer to its 5% ETH goal Lee’s… Read More
Bitcoin consolidates near $86,000 as rally and bitcoin cash jumps 32%
Bitcoin is consolidating on Wednesday after an explosive breakout on Monday, trading at $86,379 in the European morning, up 0.24% since midnight UTC and 1.3% over 24 hours as daily trading volume dips by 36% to $38 billion. Beneath the surface the rally has narrowed… Read More
Why is SHIB up 35%? Shiba Inu rockets higher as S.Korean traders lead mystery rally
Shiba Inu rose 36% to about $0.0000057 on Sunday, adding roughly a billion dollars to its market value in a day, with no announcement or development to account for it. The token now carries a market cap near $3.4 billion on almost $380 million of… Read More
Bitcoin, ether, XRP, dogecoin lag a nine-week stocks rally as ETF demand cools
The S&P 500’s longest weekly winning streak since 2023 and Brent crude settling near $92 on U.S.-Iran ceasefire hopes have failed to pull bitcoin BTC$73,573.09 and ether (ETH) higher, with the two largest cryptocurrencies finishing the week down nearly 3% as cooling spot bitcoin ETF… Read More
NEAR price rally gains momentum as cross-chain product activity fuels further 15% jump
NEAR Protocol’s token climbed 15% over the past 24 hours to $2.8, extending a month-long rally that has seen the price of NEAR double in the past month. The move comes amid the success surrounding NEAR Intents, the network’s cross-chain transaction system. The product allows… Read More