Bitcoin is potentially on the verge of reaching new all-time highs, according to a prominent crypto analyst. The cryptocurrency is in a consolidation phase, holding at a crucial trendline, indicating a possible bullish phase. The analyst suggests Bitcoin aims for a $97,700
The cryptocurrency market experienced a significant decline following Federal Reserve Chair Jerome Powell’s testimony. Bitcoin, Ethereum, XRP, and Dogecoin saw substantial losses as a result. Powell emphasized the Fed’s firm stance on maintaining its current economic policy, with rate cuts considered unlikely
Regulatory concerns and volatility keep many investors cautious about Bitcoin, with 50% worried about regulation and 47% concerned about crypto’s volatility. Bitcoin ETFs provide a way to invest in Bitcoin’s potential without full exposure to its risks. The Calamos Bitcoin 90 Series
Ethereum faces intense scrutiny with short sellers targeting the $2,000 price mark, and a historic $1.45 billion short position at the CME. Currently trading at $2,650, Ethereum has underperformed, significantly falling from its peak of $4,848. The ETH/BTC ratio has hit a
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Bitcoin was speculated to start 2022 with a price of $97,000 if spot ETFs were approved, but instead, it dropped below $16,000. A 65% drop from the hypothetical $97k peak would have resulted in a price of $34,000. By January 2024, Bitcoin
Bitcoin is experiencing a significant rally, currently trading over $98,000, with a recent 1% rise. The cryptocurrency is now viewed as a “risk-on asset” rather than just a store of value. Upcoming US CPI data could introduce volatility to Bitcoin’s performance, making
PEPE has recently rebounded from a significant decline, showing a return to upward momentum. Increased user engagement and a price-Daily Active Addresses divergence suggest a potential rise in PEPE’s value. The In/Out of Money Around Price (IOMAP) indicates strong support at $0.000010,
Onyxcoin (XCN) has surged over 820% in the past month, driven by Onyx Protocol’s Layer 3 blockchain rollout. Despite being 86% below its May 2022 peak, XCN’s recent rally of 1,400% marks a significant comeback. XCN’s market cap has surpassed $1.5 billion,
SUI experienced a 10% rally, briefly moving above $3, but caution is advised. Despite the price increase, key indicators like the MACD remain negative, suggesting bearish market sentiment. Investor sentiment is still negative, which may continue to suppress SUI’s demand. The ADX