Bitcoin Rally Hits Wall as Price Stalls Below $104K, Analyst Cites Derivative...
Bitcoin experienced a notable surge earlier this week, climbing above the $104,000 mark and registering a weekly gain of nearly 10%. However, after reaching this level, the asset appears to have encountered resistance, with upward momentum slowing and price action remaining relatively flat in recent days. At the time of writing, BTC is trading at $103,663, reflecting a modest 1.7% increase over the past 24 hours. Amid this price performance, one of CryptoQuant’s top analysts, Darkfost, offered insight into the current market stagnation. Related Reading: Bitcoin Rally Stalls as SOPR Spikes:....
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Quick Facts: ➡️ Bitcoin briefly bounced back above $104K last night and has now entered a stabilization phase as the market added $50B to its market cap. ➡️ Analyst Willy Woo believes we’re two weeks away from a bull rally if Bitcoin retains momentum and starts pushing. ➡️ Bitcoin Hyper proposes a Bitcoin-settled Layer 2 […]
A few analysts say Ripple’s XRP is preparing for an explosive price action. Steph, an analyst under the “StephIsCrypto” username, offers a bold, positive outlook for XRP, saying that a significant price rally is in the pipeline thanks to increased global liquidity. Related Reading: Solana DeFi Momentum Soars With $5.7 Billion Locked In Q3 In a published analysis, Steph highlighted the token’s historical relationship with increased liquidity and structural patterns like the descending channel and the Bollinger Bands. According to Steph, these are the primary factors that set up XRP for a....
As the hype and pessimism around blockchain technology converge toward reality over the next several years, one certainty emerging among Wall Street and Main Street traders is that advancements in platform technology will profoundly change how commonly used securities known as derivative contracts will be traded. The distributed ledgers inconceivable just a couple of years ago are on the precipice of ushering in a new era of innovative financial engineering and precision in risk management. Wall Street firms are beginning to tinker with blockchain and smart contract technology that will....