Bitcoin Weekly Forecast: Assessing likelihood of 80% rally for BTC before 2023
Bitcoin price action over the last 72 hours indicates that a massive bullish move is coming. In the last two articles, we have taken a look at why this is possible from a technical and on-chain perspective.
Luna Classic price: Binance burned 6 billion LUNC, triggering massive rally in the altcoin
Luna Classic (LUNC) price witnessed a massive spike on Friday, after yielding 12% gains overnight. The move came after the world’s largest crypto exchange, Binance announced it would be burning 6.39 billion LUNC tokens.
Binance native token BNB and staking derivatives bleed after $5 million DeFi exploit on Ankr Protocol
Binance’s native token BNB suffered a 3% decline in response to the $5 million exploit on DeFi protocol Ankr Protocol. The BNB chain-based protocol confirmed that it has fallen victim to a multi-million dollar exploit.
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Crypto Today: Bitcoin hashrate hits all-time high as BTC, Ether and XRP hover near support
Bitcoin’s hashrate hit a new all-time high on Sunday. Bitcoin and Ethereum hover around support at $56,486 and $2,383 on Monday, respectively. XRP trades at $0.5325, up slightly on the day.
Bitcoin rebounds from $54,000 support. Is it out of the woods yet?
Bitcoin recovered slightly on Monday, extending the weekend’s recovery after prices bounced from key support at $54,000 on Friday. This slight recovery amid the mild increase in the Coinbase Premium Index during the weekend.
Quant price is poised for a rally as on-chain data and price action show a bullish outlook
Quant’s (QNT) price, the token of a London-based blockchain technology company dedicated to improving network interoperability, recently broke out of a falling wedge pattern, hinting at a potential rally.
Over $100 million in token unlocks could affect crypto this week
Data from TokenUnlocks show key token unlocks worth $115 million scheduled for this week. The top three are Aptos (APT), Starknet (STRK) and Xai (XAI), these account for $115.80 million in unlocks this week.
Bitcoin: $50,000 on the horizon if it breaks below key support level
Bitcoin (BTC) price tests the key support level at $56,000 on Friday, consolidating over a 1% decline this week. If it drops below this support, a continued downtrend is likely for BTC, as suggested by substantial outflows from US spot Bitcoin ETFs, rising institutional selling, and bearish on-chain indicators.
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