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Bitcoin Funding Rate Near Zero, Indicating Room for Growth

Bitcoin appears to have defied the historical trend of negative return for September, with almost 9% in gains for the month. At the time of writing, Bitcoin is trading above $64,000. As such, experts are now betting on a more favourable market conditions and a continued bullish trend for the world’s leading crypto asset. Room For Growth According to the latest update by Matrixport, Bitcoin’s funding rate has returned to near zero, despite recent price volatility. This...

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Bitcoin Will Hit New ATH Only After This Changes: Santiment

On September 27, bitcoin (BTC) reclaimed a trading price of $66,500 for the first time since late July. This surge was accompanied by bullish sentiments from many investors. Instead of going higher, the leading crypto asset has tanked below $64,000 at press time. Blockchain market intelligence platform Santiment shares insight into a possible reason behind bitcoin’s failure to unlock higher prices. What Could Drive Bitcoin’s New ATH? The chart below shows the rapid surge in...

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Why is ETH Stalling Behind the Crypto Market? (Ethereum Price Analysis)

After breaking above the middle boundary of the descending price channel, Ethereum has temporarily lost its bullish momentum, slightly approaching the crucial $2.8K resistance. The upcoming price action around this level will play a decisive role in shaping Ethereum’s trajectory in the mid-term, with potential outcomes dependent on whether buyers can overcome the selling pressure. By Shayan The Daily Chart Ethereum’s daily chart reveals that following a pullback towards the...

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Ripple Price Analysis: XRP Skyrockets 10% in 2 Days but is the Rally Over?

Ripple’s price is finally showing bullish momentum on the USDT and BTC pairs as it has taken out significant resistance levels. Yet, there’s still much work to do. XRP Price Analysis By Edris Derakhshi (TradingRage) The USDT Paired Chart Against USDT, the Ripple price has been reeling since it rebounded from the $0.5 support level, breaking above the 200-day moving average (around $0.55) and the critical $0.66 mark. The cryptocurrency is finally on its way to testing the $0.7...

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Bitcoin Price Analysis: BTC Tumbles to $64K as Bears Look to Reappear

Bitcoin’s recent price surge toward $66,000 has led to heightened optimism, but the market now faces a potential retracement phase. The $66K resistance level is proving to be a formidable barrier, and BTC is likely to undergo a period of consolidation or correction before determining its next major trend. Technical Analysis By Shayan The Daily Chart Bitcoin recently experienced a strong bullish surge, reaching the critical $66K resistance region after originating from a...

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