![]() Past performance is not an indication of future results. When trading in stocks your capital is at risk. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Past performance does not guarantee future results. Trading cryptocurrencies is not supervised by any EU regulatory framework. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.Ĭryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Each investment is unique and involves unique risks.ĬFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. We may receive financial compensation from these third parties. Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. The main barrier for KAVA remains the $1.12 zone, while bears could enjoy some bloodbath to $0.52. It’s what pushed KAVA/USD towards the psychological $1. However, increased ecosystem activity around DeFi on the Kava blockchain has aided the double digit gains seen in the past 24 hours. At current prices, its value is more than 90% down. The price of KAVA hit the all-time high of $9.12 in August 2021. KAVA is the native token of layer-1 blockchain Kava, which ranks as the 98th largest cryptocurrency by market. #Ethereum breached a key demand wall at $1,850-$1,905.įailure to regain this critical support zone may trigger a correction, potentially leading $ETH to the next significant demand area at $1,570-$1,630. Here’s an analyst’s Ethereum price prediction? This means the $2,000 remains a key technical level and moving further off it could spell more bloodbath for ETH price. The RSI and MACD suggest bears are still strong and bulls are likely to struggle for support at current prices. The ETH/USD pair fell to lows of $1,800 on Monday and saw four consecutive red candles on the daily timeframe before today’s uptick. Crypto analyst Rekt Capital noted via a tweet:Ī #BTC relief rally into $28,200 followed by a strong rejection from there would likely precede bearish continuation for price $BTC #Crypto #BitcoinĮthereum is hovering above a key support level after this week’s weakness. ![]() This is because the price remains below the key technical level of $30,000. The ensuing FUD pushed Bitcoin price lower.Īlthough prices are above $28k again, market experts and analysts suggest bulls are not in control yet. The congestion, attributable to the rise in BTC-20 tokens, forced crypto exchange Binance to halt BTC withdrawals on two occasions. BTC, ETH, KAVA price prediction: what next after CPI bump? BTC/USDīitcoin price had fallen below $28k this week following the large transaction volumes that hit the network and saw fees skyrocket. A notable upside was with the price of Kava (KAVA), which was up more than 11% as of 12:20 ET. Gains across equities and in the crypto major caps were also replicated in the medium and small cap altcoins. The price of Bitcoin (BTC) was up 3% to $28,270 while Ethereum retested levels above $1,800 following recent dumps for the top two coins by market cap.Įlsewhere, US stocks turned green as Consumer Price Index (CPI) data showed inflation continued to cool, with the annual rate now at its slowest pace in two years. The global cryptocurrency market rose 1.8% on Wednesday to $1.2 trillion as investors reacted to the latest US inflation data. BTC, ETH and KAVA are trading near key technical levels.KAVA price also rose, jumping 11% amid the positive sentiment and increased network activity.Bitcoin price broke to $28,200 while Ethereum hovered above $1,800 as stocks climbed on US CPI data.
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