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#BTC to $40,000? –Bitcoin Price Catalysts to Look for this Week
Bitcoin Price Insights:
Bitcoin (BTC) price has hit a new yearly peak in each of the last three consecutive weeks. Investors anticipate that BTC will cross $39,000 next week.
Bullish holders shifted 30,000 BTC into crypto exchange wallets, signaling a possible profit-taking session in the coming week.
The daily Relative Strength Index (RSI) shows that BTC is approaching overbought territory.
Bitcoin’s (BTC) price grazed $38,000 last week as the bulls extended the 2023 peak by another 7% on Thursday, November 9, 2023. In-depth data analysis examines how recent on-chain movements by Bitcoin holders could impact BTC price action in the coming week.
$BTC
Bitcoin Price Insights:
Bitcoin (BTC) price has hit a new yearly peak in each of the last three consecutive weeks. Investors anticipate that BTC will cross $39,000 next week.
Bullish holders shifted 30,000 BTC into crypto exchange wallets, signaling a possible profit-taking session in the coming week.
The daily Relative Strength Index (RSI) shows that BTC is approaching overbought territory.
Bitcoin’s (BTC) price grazed $38,000 last week as the bulls extended the 2023 peak by another 7% on Thursday, November 9, 2023. In-depth data analysis examines how recent on-chain movements by Bitcoin holders could impact BTC price action in the coming week.
$BTC
XRP has emerged as the top-performing cryptocurrency in the last 24 hours, leaving Bitcoin (BTC) and Ethereum (ETH) in its wake.
Notably, the price of XRP experienced an impressive 8.5% spike on Sunday to tap $0.67, with trading volumes skyrocketing from $1 billion to $2.7 billion over the last 24 hours. More remarkably, XRP has claimed the fourth-largest market capitalization, outpacing Binance Coin (BNB).
On-chain analytics firm Santiment highlighted this growth today by tweeting;
“XRP-Ledger is at it again, reaching a market value north of $0.68 for the first time since August 2nd. The 3-month high happened as XRP moved up +23% against BTC in just the past week. Wallets with 100K-1B XRP now hold 45.8% of the total supply, their highest level in 2023.”
$XRP $BTC
Notably, the price of XRP experienced an impressive 8.5% spike on Sunday to tap $0.67, with trading volumes skyrocketing from $1 billion to $2.7 billion over the last 24 hours. More remarkably, XRP has claimed the fourth-largest market capitalization, outpacing Binance Coin (BNB).
On-chain analytics firm Santiment highlighted this growth today by tweeting;
“XRP-Ledger is at it again, reaching a market value north of $0.68 for the first time since August 2nd. The 3-month high happened as XRP moved up +23% against BTC in just the past week. Wallets with 100K-1B XRP now hold 45.8% of the total supply, their highest level in 2023.”
$XRP $BTC
Solana has experienced disproportionate gains compared to other major cryptocurrencies. Registering a 64% increase over the past month, SOL has outperformed Bitcoin's 25% rise and Ethereum's 8.4% gain. This latest rally brings SOL’s year-to-date gain to nearly 300%. However, Solana's position in the market remains complicated by the fact that a substantial chunk of SOL supply is locked in the FTX bankruptcy estate.#sol #btc #ftx
Though buyers are attempting a push beyond the $235 resistance mark, bears continue to defend the surging buying pressure. This movement hints that the BNB price might consolidate within the $225 to $235 range for a while.
With the 20-day EMA climbing and the RSI level surging exponentially, indicators point to an easier rise than a fall in price. Should the bulls send the price past $235, we could see a climb to $248 and possibly up to $261. However, if the bears manage to pull the price down and keep it below $225, the trend could tilt in their favor.$BNB
With the 20-day EMA climbing and the RSI level surging exponentially, indicators point to an easier rise than a fall in price. Should the bulls send the price past $235, we could see a climb to $248 and possibly up to $261. However, if the bears manage to pull the price down and keep it below $225, the trend could tilt in their favor.$BNB
Binance is the world’s leading blockchain and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more.#BTC #BinanceSquare $ETH $BNB $USDC
Price of MASK today
The live price of Mask Network is $ 3.24562 per (MASK / USD) with a current market cap of $ 266.51M USD. 24-hour trading volume is $ 128.12M USD. MASK to USD price is updated in real-time. Mask Network is +12.75% in the last 24 hours with a circulating supply of 82.11M.$MASK
The live price of Mask Network is $ 3.24562 per (MASK / USD) with a current market cap of $ 266.51M USD. 24-hour trading volume is $ 128.12M USD. MASK to USD price is updated in real-time. Mask Network is +12.75% in the last 24 hours with a circulating supply of 82.11M.$MASK
That followed a 10% surge on Monday, when bitcoin posted its best day in almost a year, and the bullishness spread across the wider crypto market and into related stocks.
Any approval by the U.S. Securities and Exchange Commission (SEC) of an exchange-traded fund (ETF) that owns bitcoin on behalf of fund investors is predicted to fuel demand.
A spot bitcoin ETF, the argument goes, would allow investors previously wary of crypto access to the asset via the stock market, ushering in a new wave of capital to the sector.
“The value of … any asset, basically, is the amount of people using it,” said Steen Jakobsen, CIO at Saxo. “So the ETF would make a large audience and increase liquidity.”
Bitcoin, a volatile asset whose price has doubled so far this year, was last up 3.2% at $34,129. The second-largest cryptocurrency ether climbed to its highest since August.#BTC $BTC
Any approval by the U.S. Securities and Exchange Commission (SEC) of an exchange-traded fund (ETF) that owns bitcoin on behalf of fund investors is predicted to fuel demand.
A spot bitcoin ETF, the argument goes, would allow investors previously wary of crypto access to the asset via the stock market, ushering in a new wave of capital to the sector.
“The value of … any asset, basically, is the amount of people using it,” said Steen Jakobsen, CIO at Saxo. “So the ETF would make a large audience and increase liquidity.”
Bitcoin, a volatile asset whose price has doubled so far this year, was last up 3.2% at $34,129. The second-largest cryptocurrency ether climbed to its highest since August.#BTC $BTC
Binance has put a lot of effort over the past few years to make crypto derivatives trading widely accessible. The Binance App and Desktop Client allow users to trade anytime and anywhere. With one integrated interface, traders can keep track of price movements across multiple markets, including Spot, Futures, and now Options.
Our new Options Trading Platform enables traders to take a directional view of the market or protect their portfolios against volatility with the comfort of knowing their maximum downside is capped at the Options Premium paid.
So, let’s explore how you can start trading Binance Options today!#BTC
Our new Options Trading Platform enables traders to take a directional view of the market or protect their portfolios against volatility with the comfort of knowing their maximum downside is capped at the Options Premium paid.
So, let’s explore how you can start trading Binance Options today!#BTC
#BTC Is Cryptocurrency A Good Way To Make Money?
If you ask this question, you might have heard of something, like “Hey, I just earned thousands of dollars from crypto. It was amazing.”, or “See how risky crypto trading is? Look at the market now!”.
The sluggish moves of the present crypto markets have been nightmares to many traders and investors. However, we need to understand that crypto traders had an amazing time before when they earned unbelievable profits!
The imaginary conversations above indicate two individuals or the same one in different states of crypto markets. So, we know your confusion!
Yet, don’t believe in hypes and then blame them on your expensive losses! It is a common pitfall that beginners fall into as they get bold or scared at the wrong time.
If you ask this question, you might have heard of something, like “Hey, I just earned thousands of dollars from crypto. It was amazing.”, or “See how risky crypto trading is? Look at the market now!”.
The sluggish moves of the present crypto markets have been nightmares to many traders and investors. However, we need to understand that crypto traders had an amazing time before when they earned unbelievable profits!
The imaginary conversations above indicate two individuals or the same one in different states of crypto markets. So, we know your confusion!
Yet, don’t believe in hypes and then blame them on your expensive losses! It is a common pitfall that beginners fall into as they get bold or scared at the wrong time.