Tag: Week

Privacy coin season? DASH price gains 100% in a week as Monero, Zcash flip bullish

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The strength of the cryptocurrency market is spreading appears to be spreading to privacy-focused coins. The calm price action of Bitcoin (BTC) often sets up an intense period for altcoins to rally, where several groups of coins can start becoming bullish.  One of those segments is the privacy coin segment. For example, Monero (XMR) rallied by more than 50% last week. Meanwhile, Dash (DASH) has more than doubled with a 125% gain while Zcash (ZEC) rallied by 70% during the same period. Monero breaks out of USD downtrend XMR/USD 1-week…

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5 things to watch in Bitcoin this week

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Bitcoin (BTC) starts a new week with $30,000 reconfirmed as support but also a fresh vote of no confidence from the mainstream. After a more or less steady weekend, the largest cryptocurrency remains firmly in its established trading corridor — between $30,000 and $40,000. What’s next? Cointelegraph takes a look at the factors impacting price performance this week. Stocks face a “spectacular bust” — analyst Stocks showed clear upward momentum on Monday, led by Hong Kong as a new favorite target for Chinese investors. Sentiment received a major boost earlier…

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5 things to watch in Bitcoin this week

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Bitcoin (BTC) is almost unrecognizable as it starts the first working week of 2021, retaining $30,000 support and hitting astronomical new highs. Hard to believe for hodlers, price action continues to wow as Monday gets underway, and attention is turning to what might be next. Cointelegraph takes a look at five factors that investors might wish to monitor in the coming days in what is one of the most volatile Bitcoin trading markets in history. Stocks hit highs as Bitcoin “flips” the Dow It’s another curious week for stocks as…

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Bitcoin price rally cools down as Polkadot gains 34% in first week of ‘altseason’

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Bitcoin (BTC) fell below $26,000 on Dec. 29 as fresh fallout from Ripple’s threatened lawsuit with the United States Security and Exchange Commission was felt throughout crypto markets. Cryptocurrency market overview. Source: Coin360 BTC price dips as Coinbase halts XRP trading Data from Cointelegraph Markets, Coin360 and TradingView showed BTC/USD hitting lows of $25,830 during Tuesday trading. $27,000 support failed to hold overnight, sparking a retest of lower levels that now center on $26,000. On the weekend, Bitcoin hit all-time highs of $28,400 before swiftly reversing. BTC/USD 1-hour candle chart…

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Why SushiSwap (SUSHI) rallied 75% in 1 week

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The price of SUSHI, the native token of SushiSwap decentralized exchange, has rallied 38% in the past 10 days. At its monthly peak, the governance token had achieved a 75% price increase but the recent 10% pullback in Bitcoin price has weighted on SUSHI’s price action. One of the primary factors underpinning SUSHI’s bullish price action was a strong relief rally in the decentralized finance sector following an extended correction that dominated the month of October. The most evident catalyst for SUSHI in the past two weeks was its merger…

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5 things to watch in Bitcoin this week

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Bitcoin (BTC) starts another week aiming for $19,500 and beyond as crunch time for Brexit meets mass U.S. money printing. Cointelegraph takes a look at the price factors at stake for Bitcoin this week as shaky $19,000 support remains in play. Bitcoin CME futures hourly chart. Source: Tradingview $7 trillion money printing? The more controversial elements of U.S. President-elect Joe Biden’s future tenure are already becoming clearer — and it’s good news for Bitcoin. As his inauguration edges closer, Biden has already said that he plans a $7 trillion recovery…

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