Amidst the most recent news of potential acquisition involving US money-transfer giant Moneygram and the Stellar Development Foundation, stellar (XLM) rallied.
At 08:52 UTC, XLM, ranked 17th by market capitalization, trades at USD 0.253 and is up by 17% in a day, 5% in a week, and 163% in a year.
It's a crucial time for Stellar, the popular blockchain network, with its native cryptocurrency XLM attempting to recover on the price charts following the Bitcoin-triggered depreciation over the lastThe post What to expect if Stellar Network's Protocol 17 vote goes through today? appeared first on AMBCrypto.
Bitcoin price remains under pressure but select altcoins like XRP, DOT, XLM and SOL are showing signs of resuming their uptrend.
Bitcoin (BTC) has been struggling to rise above the $50,000 mark, which could have resulted in traders dumping their Bitcoin positions to invest in altcoins.
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Stellar is one of the most popular cryptocurrencies, serving as the main crypto choice of many users due to its security, low costs, and reliability.
Developed by the Stellar Development Foundation, XLM is now more than six years old, and its adoption quickly grew over the years, especially among small and
Altcoins continue to press higher while Bitcoin bulls work on holding the $60,000 level as support.
Bloomberg Intelligence senior commodity strategist Mike McGlone equated the current consolidation in Bitcoin (BTC) price to that of a “caged bull, well-rested to escape.” When compared with the rallies a year after the previous two Bitcoin halvings in 2012 and 2016, the strategist called the current price action “tame.’
According to McGlone, Bitcoin is “still in price-discovery mode” and its plateau is still far away.
While Bitcoin remains in focus, altcoins have continued to steal the show.
Traders appear to be waiting for a trigger to start the next leg of Bitcoin's uptrend and if that happens, XLM, MIOTA, XMR and XTZ could join the party.
Bitcoin’s (BTC) hesitation near the all-time high suggests that the bulls and the bears are waiting for a trigger to start the next trending move.
The first wave of the alt season has hit portfolios across exchanges, and there are double-digit returns from alts like XRP, XTZ, BSV, XLM, NEO, and VET, among others in the top-30 cryptocurrencies ba
The post Apart from OMG, STX, UNI, and BAT, which top-100 alts will see an upswing soon? appeared first on AMBCrypto.
Bitcoin and most major altcoins remain rangebound with the exception of Cardano.
Every bull market witnesses periodic pullbacks, where the weaker hands sell anticipating a top and the stronger hands accumulate for the long term.
Bitcoin price is attempting to flip the $50,000 level back to support, while many altcoins are capitalizing on BTC's consolidation by moving higher.
Institutional investors continue to pour money into the crypto sector even with the current dip below $45,000.
Bitcoin and altcoins both saw a strong bounce off their intraday lows, which signals that traders still view dips as buying opportunities.
Every uptrend witnesses periodic bouts of profit-booking as short-term traders tend to unwind positions either on adverse news or at critical technical resistance levels.
Bitcoin’s rally to a $1 trillion market cap could attract more buyers to the crypto sector and boost the price of several altcoins.
Bitcoin (BTC) price finally reached a $1 trillion market capitalization on Feb.19, which is an important milestone because as BTC gains size, the digital asset will continue to attract new institutional investors who will consider allocating a portion to their portfolios.
Glassnode data suggests that high-net-worth individuals are continuing to pump money into Bitcoin.
Altcoins are soaring to new highs while Bitcoin price trades in a sideways range near the $47,000 support.
Financial regulators across the world finally seem to be warming up to the idea that cryptocurrencies can trade in tandem with stock markets and also in exchange-traded funds (ETF). On Feb.
Together with Stellar, Dogecoin passes Bitcoin Cash by market cap and leaves the struggling altcoin in 12th place.
The fortunes of beleaguered Bitcoin (BTC) spin-off Bitcoin Cash (BCH) took a turn for the worse on Feb.
Bitcoin is facing rejection above $40,000, but if the bulls do not give up much ground, several altcoins could resume their uptrend.
Bitcoin (BTC) has attracted several institutional investors in the past few months, but with the market capitalization sustaining above $700 billion, many more institutions are likely to contemplate buying Bitcoin.
Altcoins are reaching multi-year highs while Bitcoin price builds momentum for the next run at the $40,000 level.
Bitcoin’s (BTC) correction from its January high has not shaken the confidence of institutional investors.
Ethereum's rally to a new all-time high boosted investor sentiment in Bitcoin and several altcoins are now surging toward new highs.
Bitcoin’s (BTC) stellar run in the latter half of 2020 and MicroStrategy’s purchase of the digital asset appears to have attracted attention from several publicly listed companies in the United States.
Altcoins continue to trend higher, but Bitcoin price needs to turn $35,000 to support in order for the entire market to gain momentum.
After the recent correction, Bitcoin (BTC) will need aggressive inflows to absorb the possible selling from the short-term traders and momentum players as the price nears $40,000.
Altcoins are beginning to lose bullish momentum as Bitcoin price struggles to reclaim $40,000.
Investors are beginning to worry that Bitcoin’s (BTC) uptrend could be in peril after the top-ranked cryptocurrency failed to pull above the $40,000.
Altcoins have entered a slight correction after Bitcoin's relief rally lost steam and the price dropped below $35,000.
Grayscale products witnessed $3.3 billion in inflows in the fourth quarter of 2020, a large jump over the $1.05 billion seen in the preceding quarter.
Bitcoin’s sharp correction may not have broken its uptrend, but several altcoins have signaled that a short-term top could be in place.
After an incredible run-up to nearly $42,000, Bitcoin (BTC) price finally entered a significant correction, and at the time of writing the price is down by about 18%.
Traders are buying every dip and pushing Bitcoin price to new highs on a daily basis, triggering many altcoins to follow suit.
Bitcoin (BTC) again rose to a new all-time high on Friday as bulls continued to buy on every minor dip.
Bitcoin's slow crawl toward $36,000 has given select altcoins the green light to rally higher.
Aggressive buying by institutional investors is one of the main reasons for the current Bitcoin (BTC) bull run.
XLM benefits from a Ukraine government partnership and becomes the latest addition to 2021's new altseason.
Stellar (XLM) is winning the battle of the blockchain payment networks against Ripple this week as sentiment flips in its favor.
Data from monitoring resource The TIE confirms that long-term sentiment towards XLM is now higher than towards XRP, the altcoin in which embattled Ripple is the largest stakeholder.
XLM sentiment beats out XRP
The figures serve as the latest warning to XRP investors, who have looked on in dismay as legal problems for Ripple in the United States cause its value to dive by over 60%.
XLM/XRP line chart.
A Grayscale spokesperson confirmed to Cointelegraph that the fund manager didn’t dump massive stakes of XRP and XLM
Bybt data apparently showing a massive liquidation of XRP and Stellar Lumens by Grayscale Investments earlier this week is inaccurate, according to the investment company.
On Wednesday Dec.
Bitcoin is taking a breather after the recent rally while altcoins are attempting to play catch up.
Several central banks have resorted to unprecedented monetary expansion and aggressive rate cuts to support their respective economies badgered by the coronavirus pandemic.
Depending on your view, a devastating blow has been dealt to crypto, or a much-needed purge is in progress due to the SEC suing Ripple and two of its top executives for selling XRP tokens which the regulator claims were unregistered securities.
Even with today's correction, Bitcoin is still in an uptrend, but most major altcoins have lost momentum and may remain range-bound for the next few days.
MicroStrategy CEO Michael Saylor recently tweeted that he purchased another 29,646 Bitcoin (BTC) at an average price of $29,646.
A handful of altcoins look ready to move higher as Bitcoin price enters a short consolidation phase.
Christopher Wood, the global head of equity strategy at Jefferies, has dumped five percent of their physical gold position in order to buy Bitcoin (BTC).
Bitcoin’s break above $20,000 boosted investor sentiment and triggered strong rallies from several altcoins.
Crypto traders and investors received an early Christmas gift today as Bitcoin (BTC) price cleared the $20,000 psychological milestone for the first time in history.
Bitcoin price regained the $19,000 level and continues to trade in a range, providing altcoins with the opportunity to steadily move higher.
Strategists at JPMorgan said in a note that MassMutual’s $100 million Bitcoin (BTC) purchase shows that insurance firms and pension funds are now adopting Bitcoin.