XRP hits 13-month high versus Bitcoin with 35% daily surge — But is a correction inevitable?

XRP price posted a sharp rally against Bitcoin (BTC) on continued optimism about a potential settlement between Ripple, a San Francisco-based blockchain payment firm, and the U.S. Securities and Exchange Commission (SEC). Settlement rumors fuel XRP price boom  On Sep. 23, the XRP/BTC pair surged to 0.00002877 — its best level in 13 months — from 0.00002132, a 35% price rally versus Bitcoin in one day. Meanwhile, the same timeframe saw XRP rising as much as 42% against the U.S. dollar. XRP/BTC and XRP/USD daily price chart. Source: TradingView The big…

Read More

LTC price hits 13-month high against Bitcoin — All-time high next for Litecoin?

Litecoin (LTC) prices surged up to 35% to hit a one-year high against Bitcoin (BTC) this week, prompting analysts to predict an extended upside momentum for the remainder of the ongoing monthly session. LTC/BTC 1-week candle chart (Binance). Source: Tradingview The LTC/BTC exchange rate touched 6,358 sats during the Asia-Pacific trading hours. The pair later corrected to an intraday low of 5,776 sats ahead of the London opening bell as profit-taking sentiment grew near the sessional peaks. But, according to data collected from Glassnode, the downside correction did little in…

Read More

Bitcoin price dips under $55K as US bond yields touch 13-month high

Bitcoin (BTC) slid under $55,000 on March 17 as United States treasury yields built on a comeback, which took them to their highest in over a year. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price stays firmly rangebound Data from Cointelegraph Markets Pro and Tradingview showed further downward pressure for BTC/USD on Wednesday, compounding a comedown that began late on Sunday. While not plugging the week’s lows at nearer $53,000, the latest dip to $54,425 on Bitstamp underscores Bitcoin’s correction after hitting all-time highs of $61,700. The weakness came in tandem…

Read More

Bitcoin Price Hits 13-Month High of $12,200, Liquidating $22M Shorts

Bitcoin (BTC) triggered $24 million of liquidations on BitMEX alone Aug. 17 as a fresh move saw markets reclaim $12,000. Cryptocurrency market daily snapshot, Aug. 17. Source: Coin360 BTC price “clear fake-out” costs shorters big Data from Cointelegraph Markets and Coin360 showed BTC/USD hitting $12,200 briefly on Monday. A subsequent correction managed to erase the gains and more, bouncing at $11,785 to recross the $12,000 mark — all within a matter of minutes. At press time, Bitcoin circled $12,080, equating to 24-hour gains of 2.5% and the highest price for…

Read More

Bitcoin Risks Tanking to 13-Month Low Even as Top Analysts Remain Bullish

Bitcoin prices remain vulnerable to more dives even as top analysts print a rosy picture for the cryptocurrency. The bitcoin-to-dollar exchange rate appears trapped inside a technical range, dubbed as Symmetrical Triangle, since March 12. The pair is oscillating between two converging trendlines as it marches towards the Triangle’s apex. The pattern shows a weak buying demand near the Resistance and a similarly low selling pressure near the Support. BTC/USD stuck in Triangle’s range | Source: TradingView.com Bitcoin’s hourly momentum indicator flashes a similar buying/selling sentiment. The cryptocurrency’s recent higher…

Read More