KAS Price Jumps 66%: Can Momentum Push Kaspa Toward December’s Bigger Targets?

BitcoincomNews
KAS-0,29%
BTC-0,12%

Story Highlights* KAS price has surged 66% this week as Bitcoin’s recovery sparks broader market momentum.

  • Historical support on the KAS price chart is driving renewed bullish sentiment for December.
  • Whale accumulation strengthens the case for a continued upside in KAS crypto.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Crypto Prices Remain Flat While Asia Secures Natural Gas Supplies

Crypto prices remained flat, with BTC and ETH showing minor declines. Asia secured new natural gas supplies amid conflict fears. In US stock indexes, Nasdaq rose slightly while Dow and S&P 500 fell, reflecting mixed market reactions.

TheNewsCrypto1m ago

Bitcoin drops below $70,000: Iran conflict and US CPI ahead trigger risk aversion, market closely watches the $80,000 key level

Bitcoin price drops below $70,000 again due to geopolitical risks and market caution. Trump's warning to Iran has increased market uncertainty, and high oil prices are affecting investor confidence, despite institutional continued buying of Bitcoin. Market sentiment remains cautious, with investors paying attention to U.S. CPI data and the progress of the CLARITY Act.

GateNews10m ago

Today Bitcoin: Derivatives sentiment reverses sharply, options skew rebounds indicating $80,000

Bitcoin price approaches $70,000, and market sentiment shifts. The options skew indicates increased demand for bullish options, with an implied probability of Bitcoin breaking $80,000 by the end of June at 35%. Traders are expressing confidence in a Bitcoin rally by increasing the sale of put options, and overall market expectations are shifting from panic to rational optimism.

MarketWhisper10m ago

Sonic Price May Experience Technical Reversal: RSI Bullish Divergence Emerges, $0.03 Becomes a Key Support Level

Sonic token recently found support at $0.03, and the RSI shows a bullish divergence, indicating weakening downside momentum. If the support remains effective, the price could rebound to $0.04. Both technical and fundamental analyses show positive signals, but if the key support is broken, bears may regain control.

GateNews59m ago

Ethereum funding rate turns negative! ETF outflows, staking yields are lower than stablecoins

Ethereum perpetual contract funding rates turn negative, indicating increased demand for shorts and a clear market bearish sentiment. Institutional demand remains weak, partly due to relatively low staking yields and a lack of sustained capital inflows. On-chain data and technical developments have failed to boost confidence, but Ethereum's DeFi ecosystem still maintains a strong moat. It is necessary to observe a rebound in funding rates and improvements in transaction fee revenue to determine the future market trend.

MarketWhisper1h ago

Bitcoin stabilizes above $70,000, IEA may release the largest-ever crude oil reserves, global risk asset sentiment improves

Bitcoin recently broke through $70,000 again, influenced by changes in the energy market. Its price once reached $71,612 before falling back to $70,036. The market sentiment is related to discussions with the International Energy Agency about releasing strategic oil reserves, and the decline in Brent crude oil prices is seen as a signal to reduce inflation pressure. The market is focused on the Federal Reserve policy meeting, with expectations that if oil prices remain below $90, it will create room for interest rate cuts.

GateNews1h ago
Comment
0/400
No comments