Tag: crypto rally

  • Ethereum Classic Surges 7.49% as Broader Crypto Rally Boosts ETC Trading Volume

    Ethereum Classic Surges 7.49% as Broader Crypto Rally Boosts ETC Trading Volume

    Ethereum Classic (ETC) jumped 7.49% to USD 9.18 as a widespread cryptocurrency market rally drove demand and trading activity across digital assets. The token traded between USD 8.56 and USD 9.29 after opening near USD 8.52. Meanwhile, Bitcoin gained 6.39% to USD 86,334, and the market saw approximately USD 800 million in short liquidations.

    The latest advance extended ETC’s seven-day gain to 26.93%. The cryptocurrency has also risen 18.48% this month and 30.19% over the past 90 days. Despite the rebound, ETC remains 50.73% lower over one year and trades 94.44% below its record high of USD 165.15 from May 7, 2021.

    Broad Crypto Rally Drives ETC Higher

    The wider cryptocurrency market provided the clearest catalyst behind ETC’s latest move. Bitcoin advanced 6.39% during the session, while XRP rose 9.79%. At the same time, the market recorded approximately USD 800 million in short liquidations. Such liquidations occur when traders betting on lower prices must close positions by buying assets back, which can accelerate an existing rally.

    As major cryptocurrencies gained, speculative activity also spread into smaller assets such as Ethereum Classic. ETC currently has a market capitalization of about USD 1.45 billion. Its smaller size means larger percentage moves can occur when market-wide trading activity rises sharply. Still, the available information contains no ETC-specific announcement that explains the price increase. There were no cited network upgrades, exchange listings, ETF developments, or other project events behind the move.

    ETC Trading Volume Surges as Momentum Builds

    Trading activity strengthened alongside the price increase. Daily ETC volume climbed to USD 0.0967 million, representing a 116.16% increase over its 30-day average. Its volume-to-market-cap ratio also reached 6.66%, compared to the average of 3.08%. Therefore, the latest price increase came with stronger market participation rather than minimal trading activity. Rising volume accompanied ETC’s push toward the session high of USD 9.29.

    The token also trades above its tracked moving averages and above the peaks of its recent 90-day range. This places USD 9.29 at the center of the next short-term price test. Even so, the rally follows a sharp rebound from depressed levels. ETC remains deeply below its historical peak and still records a substantial year-over-year decline.

    The available data does not include ETC-specific funding rates, open interest, or perpetual futures liquidations. As a result, the role of ETC derivatives cannot be measured from the supplied figures. Instead, the reported USD 800 million liquidation figure applies to the wider crypto market. The current evidence therefore links part of ETC’s momentum to sector-wide short covering rather than ETC-specific futures activity.

    USD 9.29 Becomes ETC’s Immediate Price Test

    The session high at USD 9.29 now forms the nearest reference point for ETC traders. The asset reached the level after beginning the period near USD 8.52. Under a short-term strategy, a daily close above USD 9.29 would mark a breakout signal, with a stop level near USD 8.84 and a possible profit-taking area at USD 10.50. A trailing stop could adjust exposure as the price changes.

    For a medium-term approach, the USD 8.03 to USD 8.52 area is identified as a potential pullback zone. A daily close below USD 7.75 would invalidate this setup. Meanwhile, the same framework keeps USD 9.29 as the initial target before any possible extension toward USD 10.50. The setup therefore depends heavily on whether ETC can preserve its recent momentum.

    The long-term strategy remains tied to Ethereum Classic’s proof-of-work structure and fixed-supply thesis. It proposes staggered purchases below USD 8.00 while recognizing the asset’s steep annual decline. A conservative approach calls for staying out of the market because ETC carries annualized volatility of 61.6%. This volatility remains relevant as the asset trades after a rapid multi-day advance. USD 9.29 now marks the immediate price level to watch as traders assess whether momentum can continue.

  • Ethereum Breaks Above $2,600 as ETF Inflows and Short Liquidations Fuel Rally

    Ethereum Breaks Above $2,600 as ETF Inflows and Short Liquidations Fuel Rally

    Ethereum surged past the $2,600 mark on Friday, reaching $2,660—its highest level since January—driven by a combination of sustained ETF inflows and a wave of short liquidations. The move outpaced other major cryptocurrencies, with Ethereum gaining over 8% in 24 hours on Coinbase, while Bitcoin rose only 2.7%, Solana 5.3%, and XRP 4.2%. The broader crypto market ticked up 1.1% to around $2.75 trillion.

    ETHA Inflows Continue Unabated

    BlackRock’s Ethereum ETF, ETHA, recorded $251.4 million in net inflows over 20 consecutive trading days, with no outflows during the period. On September 11 alone, Ethereum ETFs saw $216 million in net inflows, according to Cryptobriefing, as institutional investors rotated capital away from Bitcoin ETFs. This steady demand has been a key pillar supporting Ethereum’s recent price strength.

    Short Liquidations Amplify the Move

    The rally was further fueled by a significant short squeeze. Crypto liquidations totaled roughly $665 million over 24 hours, with about $400 million in short positions being wiped out. Ethereum accounted for around $250 million of that total, compared to Bitcoin’s $170 million. The forced buying from liquidated shorts added momentum to the upward price action.

    Technical Signals Remain Mixed

    Despite the sharp rebound, technical indicators present a nuanced picture. On the hourly chart, Ethereum traded above the MA-50 but below the MA-20, while the daily chart showed the price above the MA-200. The Ichimoku Kijun stood at $2,549, with support near $2,453. MACD indicated strong bullish momentum, but ADX remained neutral, suggesting limited trend strength. RSI was at 50.03 with a Buy reading, while Stoch RSI showed oversold conditions. Before the breakout, ETH was contained in a $2,453–$2,569 range, with a 62% probability of an upward move above $2,549—a level it decisively cleared.

    Macro Context

    The rally followed a hotter-than-expected August core CPI reading, which rose 0.3% monthly and 2.4% annually. This boosted market pricing for a Federal Reserve rate hike, with CME FedWatch showing an 88% probability. Despite this, Ethereum’s price showed resilience, supported by strong ETF demand and the short squeeze. Analysts like Tom Lee had earlier predicted a softer inflation setup to fuel a market rally, but the actual data did not dampen crypto spirits.

    Outlook

    Ethereum’s ability to sustain above $2,600 will depend on continued ETF inflows and macro factors. The $2,453 support level remains key if momentum fades, while near-term resistance may appear as the market digests the recent gains. Institutional demand and Federal Reserve policy decisions remain central to the near-term trajectory.

  • PI Network Struggles as Ondo Finance Rallies: BlockDAG Emerges as a Top Contender with 112x ROI Potential

    PI Network Struggles as Ondo Finance Rallies: BlockDAG Emerges as a Top Contender with 112x ROI Potential

    The cryptocurrency market is known for its rapid shifts, and this week is no exception. Pi Network’s price has dipped 5.33% in the last 24 hours to around $0.0903, with $0.120 as a key resistance level. Meanwhile, Ondo Finance has surged 9.48% to near $0.4045, with $0.4434 as the next resistance if bullish momentum continues.

    For investors seeking the next crypto to explode, BlockDAG is gaining significant traction. The launch of BDAG AI has added $500 million to its valuation, and its casino and sportsbook have processed over $200 million in wagers. Upcoming developments, including the BlockDAG X exchange and an August 20 super app launch, are expected to further enhance utility. Additionally, buyers using the code BUYBACK can acquire BDAG at $0.0000077, with a $0.02 buyback offering 112x ROI potential. Let’s analyze the top options for today’s investors.

    Pi Network Price Struggles Below $0.120 Resistance

    Pi Network continues to face pressure after a sharp decline from its all-time high of $2.98 in February 2025. The current price of $0.0903 is down 5.33% in 24 hours, though it has recovered about 25% from its recent low of $0.08025. Technical indicators suggest a weak market, with the Fear & Greed Index at 11 (Extreme Fear) and the price below both the 50-day SMA ($0.1394) and 200-day SMA ($0.1728). Analysts identify $0.090-$0.110 as a key support zone, while $0.120 is the first resistance. A move above $0.120 could improve sentiment, but a drop below support may trigger further declines. Long-term projections suggest Pi Network could reach $0.3695 by 2026 and $1.71 by 2032, contingent on ecosystem growth and market conditions.

    Ondo Finance Climbs as Bulls Push Toward $0.4434

    Ondo (ONDO) is showing renewed strength, climbing 9.48% in a day to around $0.3983, with the current price near $0.4045. Analysts expect the token to trade between $0.3817 and $0.4434, making $0.4434 the key resistance level. A breakout above that could signal further gains, while support around $0.3859 may limit declines. Ondo Finance is also gaining attention through its integration with DTCC’s tokenization infrastructure, strengthening ties to traditional finance. The platform has seen impressive activity, with $1 billion in weekly derivatives volume and $3 billion traded overall. A proposal to permanently burn 100 million ONDO tokens, along with new partnerships and broader distribution, has boosted confidence, though short-term volatility remains possible.

    Is BlockDAG the Next Crypto to Explode? 112x ROI Potential!

    BlockDAG is positioning itself as a strong candidate for the next crypto to explode, with a presence across major tech markets. The launch of BDAG AI has driven a $500 million rise in valuation, and its casino and sportsbook have processed over $200 million in wagers, indicating real-world usage. Built on a DAG-based network that processes transactions in parallel, BlockDAG offers a scalable foundation. An upcoming upgrade will boost throughput to 7,000 transactions per second, enabling higher activity without slowdowns.

    The BlockDAG X exchange, featuring spot and futures trading with iOS and Android apps, is set to launch, followed by a full super app on August 20. Despite this expanding utility, entry remains cheap: buyers using the code BUYBACK can secure BDAG at $0.0000077, with a $0.02 buyback unlocking 112x ROI potential. Code users will also receive payouts a month early, on September 1 instead of October 1. This combination of utility and low cost is driving significant interest.

    Final Thoughts

    Pi Network still faces an uphill battle, with resistance at $0.120 needing to break for sentiment to shift. Ondo Finance is proving more resilient, backed by its DTCC ties, $3 billion in trading volume, and a proposed 100 million token burn. However, for those seeking the next crypto to explode, BlockDAG stands out. With BDAG AI adding $500 million in valuation, $200 million wagered on its casino and sportsbook, and the upcoming exchange and super app, the project continues to stack utility. With BDAG priced at $0.0000077 and 112x ROI potential via code BUYBACK, the entry point is compelling. Savvy investors are moving in now before this opportunity closes.

    Presale: https://purchase.blockdag.network
    Website: https://blockdag.network
    Telegram: https://t.me/blockDAGnetworkOfficial
    Discord: https://discord.gg/Q7BxghMVyu

    Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrency investments are risky. Always conduct your own research (DYOR) before investing.

  • Bitcoin, Ethereum, and XRP Surge Ahead of $2.2 Billion Options Expiry

    Bitcoin, Ethereum, and XRP Surge Ahead of $2.2 Billion Options Expiry

    Crypto markets rallied on July 3 as Bitcoin, Ethereum, and XRP climbed ahead of a major options expiry totaling over $2.2 billion. The upward movement followed weaker-than-expected U.S. payroll data, which strengthened expectations for a Federal Reserve rate cut. The rally was further fueled by nearly $300 million in short liquidations, improved liquidity signals, and deep unrealized losses among holders that historically precede market recoveries.

    Bitcoin Options Signal Bullish Shift

    Bitcoin rose more than 6% to approximately $62,000 after a recent market reset, moving above its seven-day moving average. Deribit data showed $1.9 billion in Bitcoin options expiring with a put-to-call ratio of 0.70 and a maximum pain level near $61,000. The market price hovered around $61,626, with traders showing stronger interest in contracts above $61,500 and upcoming calls at $64,000, $66,000, and $70,000. Call trading volume exceeded put volume in the previous 24 hours, producing a bullish 0.75 put-to-call ratio across active Bitcoin options.

    Falling implied volatility and a rising 25-delta skew indicated that options markets were shifting from panic toward greater stability. This shift suggests that stronger call demand and improving volatility measures could support a wider recovery as traders move beyond the July 3 expiry.

    Ethereum and XRP Recover on Rate-Cut Hopes

    Ethereum traded near $1,713 before $230 million in options expired, with a maximum pain price of approximately $1,650. The expiry carried a 1.29 put-to-call ratio, though that figure declined toward one as traders opened September calls around the $2,500 strike. Deribit data assigned Ethereum a 91% probability of finishing above $1,700, reflecting stronger positioning after the recent rebound.

    XRP gained about 5% in 24 hours, trading near $1.10 as softer employment data strengthened expectations for a future Federal Reserve rate cut. Approximately $3.7 million in XRP options reached expiry with a 1.06 put-to-call ratio and a maximum pain level near $1.06. Deribit data also indicated a possible $1.14 XRP target by the end of July as the market continued to recover.

    Holder Losses and July Seasonality Shape Outlook

    Santiment data showed deep unrealized losses across short-term and long-term holder groups, with 30-day and 365-day MVRV ratios near minus 45% and minus 47%. The MVRV ratio, which compares market value with realized value, offers insight into how current prices differ from the average token cost basis. Large negative readings have historically appeared after speculative excess declined, leaving a market with fewer short-term participants and more conviction-driven holders.

    Bitcoin still traded below its 30-day moving average, while 10x Research identified continued supply pressure from large transfers to the Gemini exchange. The Winklevoss twins transferred about $67 million in Bitcoin and Ethereum to Gemini, a move linked to profit-taking pressure. However, long-term holders increased purchases, helping to form a firmer price floor after Federal Reserve Chair Kevin Warsh avoided signaling immediate interest rate increases.

    Markus Thielen of 10x Research noted that July has historically delivered Bitcoin’s strongest monthly performance, averaging 9.1% gains before flatter trading in August and September.

    What’s Next for Crypto Markets?

    Bitcoin, Ethereum, and XRP gained ahead of the $2.2 billion options expiry as weaker U.S. jobs data increased rate-cut hopes. Strong call demand, short liquidations, and renewed long-term buying supported the rebound. Traders should now watch key expiry levels and liquidity trends for signs of sustained recovery.