Price analysis 2/8: BTC, ETH, ADA, XRP, DOT, BNB, LTC, DOGE, LINK, BCH
Strong institutional demand has propelled Bitcoin and many altcoins to new all-time highs.
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Strong institutional demand has propelled Bitcoin and many altcoins to new all-time highs.
Altcoins are reaching multi-year highs while Bitcoin price builds momentum for the next run at the $40,000 level.
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Ethereum’s rally to a new all-time high boosted investor sentiment in Bitcoin and several altcoins are now surging toward new highs.
Bitcoin price is trading in a tight range, which is allowing multiple altcoins to push higher.
Bitcoin’s surprise rally to $38,500 lifted sentiment across the market but the temporary boost appears to be losing steam. Sentiment plays a major role in the short-term price action of an asset. This truth was demonstrated today when Elon Musk, the world’s richest man, simply wrote ‘Bitcoin’ in his Twitter bio. Crypto traders and Musk […]
Bitcoin’s dip below $30,000 triggered a sell-off in altcoins and dip-buying traders might not have enough momentum to cause a relief rally. Public companies have purchased about 85,000 Bitcoin (BTC) in the past year and institutional investors have pumped money into Grayscale Investments, which shows increasing institutional adoption is one of the main reasons for […]
“My wife claims that I live in the future all by myself. And once in a while, society ends up coming to where I have been sitting on the road and waiting for them for a long time.”
Altcoins continue to trend higher, but Bitcoin price needs to turn $35,000 to support in order for the entire market to gain momentum.