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Aave (AAVE) is currently one of the best-performing cryptocurrencies among the top 100 projects. The asset has rallied 21.1% in the daily charts, 22.8% in the weekly charts, 54.4% in the 14-day charts, 88.1% in the monthly charts, and 206.8% since May 2024. Also Read: $1,000 in Shiba Inu & XRP: Which Will Give Better Returns in 2030? Source: CoinGecko AAVE Rises Amid Market Rally Source: Watcher Guru AAVE’s latest rally comes amid a market-wide resurgence. Bitcoin (BTC) is once again testing the $106,000 mark after its recent dip to $101,000. The global crypto market cap has risen 0.4% in the last 24 hours to $3.45 trillion. AAVE’s rally is likely due to the team announcing a v3 deployment on Aptos. The move led to the project’s Total Value Locked (TVL) hitting an all-time high of more than $24 billion. The market rally may have further helped the upswing caused by the upgrade announcement. Also Read: Binance Is Teasing Pi Coin Exchange Listing: This Viral Post Shows I...

Crypto market leaders Bitcoin and Ethereum experienced small pullbacks ahead of Federal Reserve Chair Jerome Powell’s speech later today and the upcoming release of US jobs data on Friday, Oct. 4 Bitcoin tumbled more than 1% to trade at $64,538.67 as of 3:40 a.m. EST. Ether, the largest altcoin by market cap, saw its price dip a fraction, taking it down to $2,637.31, according to CoinMarketCap . Despite those dips, some analysts remain optimistic that an interest rate cut in the US and a package of stimulus measures in China are potential drivers of an Uptober bull run. China Stimulus And Macroeconomic Factors Could Ignite Next Bull Run On Sept. 27, BTC reached its highest point since July and soared to nearly $66,500. This rally was ignited by lower-than-expected personal consumption expenditure (PCE) data in the US, and followed news that China was taking measures, including an interest rate cut, to boost its faltering economy. Despite BTC’s recent pullback, analyst...

The Bitcoin price surged almost 3% in the last 24 hours to trade at $62,026 as of 00:22 a.m. EST on trading volume that surged 15% to $45.6 billion. The broader market also climbed about 2% after the Federal Reserve Bank’s Federal Open Market Committee (FOMC) meeting announced an interest rate cut of 50 basis points, the first in more than four years.  Bitcoin Price Bullish – Can The Bulls Sustain The Trend? The Bitcoin price has been on a sustained trend since September 7, soaring through a markup phase, according to data from GeckoTerminal . The BTC resistance around $60,700 allowed the price of Bitcoin to form a complete cup and handle pattern. BTC price finally breached the resistance and is poised for a continued bullish trend. The Bitcoin price now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the bullish stance. Moreover, the Relative Strength Index (RSI) is soaring towards the 70-overbought region, currently at 66, show...

Investors are currently focused on the potential Federal Reserve interest rate cut and how the monetary policy will likely impact the price trajectory of major assets such as Bitcoin (BTC). Indeed, Bitcoin has recently seen its price drop below the $60,000 mark, driven by concerns regarding the economy’s general health. The rate cuts are viewed as a potential course-altering move, especially amid recessionary fears. Regarding how Bitcoin will likely react, cryptocurrency trading expert Trading Shot outlined possible scenarios for the maiden digital asset in a TradingView post on September 11. The expert focused on the correlation between the Global Liquidity Index (GLI) and Bitcoin’s price trajectory. Picks for you DIA Oracles integrates with Stacks to strengthen Bitcoin DeFi 1 hour ago ...