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SEI crypto has surged by 37.2% over the past six days, catching the attention of traders and investors alike. This notable increase follows a period of consolidation after a downtrend from March to June.
The funding rate reflected the bullish bias in the market. On the other hand, the spot CVD has been trending downward in the past ten days.
Bitcoin (BTC) saw a significant jump over the weekend, moving above $64,000. The world's largest cryptocurrency shed its recent sluggish price movement due to two positive developments.
Amid SEI's price surge, an analyst has highlighted a potential breakout that could trigger a rally to $1.
The cryptocurrency markets rallied after the release of the FOMC minutes. The July meeting minutes indicated that a rate will happen in September.
SEI has continued to see a price decline. However, the token could rebound, albeit on one condition.
Bitcoin (BTC) briefly reclaimed the $60,000 price level over the weekend but quickly dropped below $59,000. The cryptocurrency is currently trading around the $58,500 price level, having fallen almost 1.50% over the past 24 hours.
Fantom (FTM) and SEI display strong technical signals suggesting that significant price appreciation may be expected. Analysts have pointed to Fantom's Hidden Bullish Divergence, which may pave the way for a 234% bounce back. A target of $3 was set for the breakout.
BTC's drop took the asset's price to its weakest level since the market panic witnessed in the first week of August, with ETH also dropping 4.5%.
SEI has experienced a remarkable uptick in value over the past seven days. According to data from Coin Market Cap, the token has surged by over 20% in the past week alone.
It unlocks a range of powerful new features for decentralized applications (dApps) within its ecosystem. Secret Network's Confidential Computing Layer is renowned for its ability to ensure data privacy and security.
SEI registered promising gains over the last week, and if the rally continues, it might touch $0.5
Binance has successfully completed the Sei (SEI) EVM integration, allowing users to deposit and withdraw SEI tokens via the EVM network, according to Binance.
SEI is showing signs of recovery from a significant 43% drop in value. This turnaround comes amid a broader market environment that has yet to decisively turn bullish.
Bitcoin (BTC) has surged past the $60,000 mark as markets recovered. The broad-based crypto rally saw other major cryptocurrencies, including Ethereum (ETH), Solana (SOL), and XRP, gain around 8% to 10%
SEI price is noting a recovery just as slow as most other tokens are since the market has not turned explicitly bullish yet.
The cryptocurrency markets have recovered over the past 24 hours, with Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other major cryptocurrencies rebounding after a bloodbath that saw their prices hit lows not seen in months. The crash in the Japanese stock market triggered panic across the traditional and cryptocurrency markets.
However, BTC was able to recover from this level as buyers propped up the price, eventually making it back above $65,000 to settle just below the 20-day SMA at $65,312.
Sei announces the second round of its $10 million Creator Fund, focusing on creative media and IP development with a $250,000 matching pool.
Bitcoin (BTC) touched $70,000 on Monday after surging past $69,000. However, BTC pulled back sharply after reaching this level, indicating that sellers are fiercely defending the overhead resistance, with the price dropping to $66,810.
Bitcoin (BTC) fell below the crucial $66,000 mark on Tuesday as markets prepared for a short-term correction. However, the long-term prediction for BTC and other altcoins remains bullish.
Sei, a fast parallelized EVM blockchain, is now integrated into Dune's analytics platform, offering users enhanced data insights and dashboard creation capabilities.
Sei, ORDI, and Arweave have all surged over 10% over the past day to rank as the top gainers in the crypto market. BTC jumps 3%.
The markets have turned bullish ahead of the spot Ethereum ETF launch, which is scheduled on July 23, 2024. With this, the Bitcoin price soared above $66,500, while the Ethereum price is eyeing a rise above $3500 in the next bullish attempt.
