Bitcoin
Top Altcoins to Stack Next Week: Uniswap (UNI), Notcoin (NOT) and Bonk Prices Set to Rise Further
The altcoin sector is becoming more dominant while Bitcoin price remains stable near $70,000. Additionally, the recent sanctioning of a spot Ethereum ETF is increasing altcoin purchasing demand, potentially leading to an increase in trading volume soon.
Bitcoin’s $70K Could Halt Altcoin Rally
Recently, the price of BTC experienced a significant increase, driven by an increase in ETF volume, consolidating around the $70K mark. Following the approval of a spot Ethereum ETF, Bitcoin’s dominance saw a small decline, dropping 2.3% over the week.
Since May 20, the seasonal altcoin index has shown a downward trend, going from a peak of 43 to 35. This indicates that the market may not be ready for a recovery yet. However, with preparations underway for the SOL and XRP ETFs, the altcoin market could soon gain momentum.
Uniswap (UNI) Price Analysis
Uniswap price has been rising exponentially above its Fib channels and currently maintains momentum around the $11 mark. Both sideways traders are now looking for a clear trend in the coming hours. At the time of writing, UNI price trades at $11.2, up more than 3.8% from yesterday’s rate.
Bears are currently strongly defending the $12 level; however, buyers intend to overtake by increasing pressure. A rise above $12 could strengthen long positions, resulting in a rise towards the $17.2 level.
See more information: Uniswap (UNI) Price Exits Consolidation; A further 25% recovery could be on the horizon!
However, a rejection of $12 would suggest that the bears are trying to establish this level as a resistance level. To initiate a downward rally, bears must break below the EMA20 trendline. This could take the price to $8.2.
Bonk Price Analysis
Bonk price has recently shown significant upward movement, trying to overcome nearby resistance levels. Despite this, bears are actively trying to prevent further increases, creating strong resistance near the $0.000037 mark. Bonk’s price is currently at $0.000035, reflecting a 2.8% drop in the last 24 hours.
The BONK/USDT trading pair appears ready to break above Fibonacci levels and reach resistance at $0.000048. Bears consider maintaining this level vital to preserving their control, as exceeding it could mark a change in market dominance. If successful, the price could rise to a new ATH next week.
Read too: 60% Upside Potential in BONK Price if Bulls Break Past $X
On the other hand, a decline below the moving averages could strengthen bearish positions. As a result, Bonk price may approach the immediate support level at $0.000022. If the bears continue to push further, we could see Bonk price fall towards the $0.0000135 support.
Notcoin Price Analysis
Notcoin price has been experiencing fluctuations around the moving averages on the 15-minute price chart, reflecting a significant struggle between buyers and sellers. Recently, the bears managed to send the price below the EMA trend lines. At the time of writing, the price of NOT trades at $0.0051, up more than 2.8% in the last 24 hours.
Sellers are trying to keep the price below the moving averages and Fib lines. If successful, NOT/USDT could fall to the key support level at $0.0046, which is likely to trigger aggressive buying by buyers. A robust recovery towards $0.0046 could prolong the sideways movement.
To indicate a change in momentum, buyers need to overcome the descending resistance channel. Achieving this could trigger a rise to $0.0057 and potentially hit key resistance at $0.0068.
Bitcoin has lost out on an asset rally fueled by positive comments from the Federal Reserve, while a tight US election race casts doubt on whether Donald Trump will get the chance to implement his pro-crypto agenda.
The digital asset fell 2.4% on Wednesday, following a Fed-fueled surge in an index of megacap tech stocks Magnificent Seven by one of the largest margins in 2024. The token retreated further on Thursday, changing hands at $63,750 as of 6:10 a.m. in London.
Bitcoin
‘This is huge’ — Billionaire Mark Cuban issues ‘incredible’ Bitcoin and crypto prediction amid price slump
Bitcoin
Bitcoin
came back with a vengeance this year when former President Donald Trump Cryptocurrency boosts US presidential election in November with ‘revolutionary’ plan.
The price of bitcoin has surged to more than its all-time high in recent months, surpassing $70,000 per bitcoin and triggering a wave of mega-optimistic predictions about the price of bitcointhough it fell again this week, falling below $65,000 after the Federal Reserve kept interest rates steady.
Now, as Elon Musk suddenly breaks his silence on bitcoin and cryptocurrenciesBillionaire investor Mark Cuban called a California plan to digitize 42 million car titles using blockchain an “incredible step forward” and “huge” for cryptocurrencies.
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Mark Cuban, famous Shark Tank investor and billionaire owner of the NBA team Dallas Mavericks, has… [+] called a cryptocurrency update “amazing” amid bitcoin’s price slump.
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The California Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain, it was reported by Reuters, through technology company Oxhead Alpha on the Avalanche blockchain and designed to detect fraud and facilitate the securities transfer process.
“This is an incredible development for crypto,” Cuban, best known as an investor on TV’s Shark Tank and owner of the Dallas Mavericks NBA team, posted on X, joking that U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler could sue the state as part of his hostility toward cryptocurrencies and blockchain technology.
“The reason this is huge for crypto is because people who hold the tokens will have an app with an Avalanche wallet,” Cuban said. “Tens of millions of Californians having and using a crypto wallet in the next five years, or however long it takes, normalizes the use of wallets and crypto.”
John Wu, president of Avalanche developer Ava Labs, told Reuters that California’s DMV is “creating a wallet that you can download on your phone.”
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Bitcoin’s price has rallied this year, triggering a wave of bullish bitcoin price predictions from… [+] people like billionaire Mark Cuban.
Forbes Digital Assets
Last month, Cuban predicted that if the US dollar falls as the global reserve currency, bitcoin could become “a global ‘safe haven’” and a “global currency.” potentially sending the price of bitcoin to a much higher level.
According to Cuban, bitcoin could become what its most ardent supporters “envision” — a means “of protecting our economies… This is already happening in countries facing hyperinflation.”
The price of bitcoin has skyrocketed over the past year, largely due to the world’s largest asset manager, BlackRock, leading a bitcoin attack on Wall Street.
Bitcoin
Bitcoin (BTC) miner Riot Platforms (RIOT)’s second-quarter loss widens to $84.4 million as costs rise
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At a national bitcoin conference in Nashville, Donald Trump finally laid out some of his crypto policy proposals, including a long-awaited part of his plan — building a strategic bitcoin reserve. CNN’s Jon Sarlin explains what it is and why the crypto industry wants it.
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