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Showing posts with the label rally

What Next After the Impressive 45% Rally?

The Theta price has rebounded as investors rush to buy last week's dip. THETA is trading at $ 10.57, 45% above last week's low of $ 7.305. According to CoinMarketCap, the currency is worth more than $ 10.55 billion, making it the 16th largest digital currency in the world. What happened: After weeks of unstoppable bull run, Theta found major resistance at $ 16.00 almost two weeks ago. It then crashed 54% as the router resumed in cryptocurrencies. That decline came after Coinbase's direct listing when more investors sold the news. In fact, other digital currencies like Bitcoin and Ethereum also crashed during this period. Theta price is rising this week as investors return to some of the hottest currencies from the previous week. In fact, currencies like Uniswap, PancakeSwap, Solana, and Ripple have risen significantly in the past 24 hours. However, the main determinant of the currency this week will be the Fed's decision and how the market will react to ...

Cryptocurrency market sees relief rally as clouds clear

  Cryptocurrencies rallied across the board on Monday as the US dollar rallied and US stocks climbed to record highs as investors are likely divided the outlook for one after President Biden's impending proposal to max out capital gains taxes Congress seemed to cheer -income Americans. The positive outlook is also supported by the expectation that the Federal Reserve will remain accommodative with the world's largest economy rapidly recovering to pre-pandemic levels. Investors will be watching corporate earnings and US economic data this week to see if actual results warrant high valuations in the private sector. Risky assets were positive for the past 24 hours after Asian bargain hunters increased crypto trading activity significantly on Monday morning. Bitcoin (BTC) is consolidating near $ 54,000 after breaking initial resistance levels and appears to be building momentum towards $ 55,000, which may pave the way for even higher levels this week. There is a possibility of ...