Bitcoin (BTC) is getting close to key price levels that indicate investors should brace themselves for a possible bear market following a month of optimism. From its all-time high of $104,000, the leading cryptocurrency in the world has fallen by around 5% and is currently in a position to reverse its short-term structure. Bitcoin’s Bear Market Ahead? When comparing the Bitcoin chart to the gold chart, the fractal pattern indicates that the price might fall by 35% from its peak, marking the start of a cold bear market. Is this market cycle coming to a close, or are we in…
Author: Hoorab Malik
This year, institutional investors have shown an unparalleled demand for spot Bitcoin and Ethereum exchange-traded funds. The data, especially in December, continue to impress. Wall Street’s ravenous appetite drove a record-breaking $3.85 billion into digital asset funds last week. BlackRock’s $3.2B Surge in Crypto ETFs With $3.2 billion going into BlackRock’s iShares ETFs, the firm now has $56.7 billion worth of cryptocurrency assets under management. Last week, investors poured $1.2 billion into Ethereum products, setting a new record that surpassed the volumes witnessed when the U.S. spot ETH ETFs were originally approved in July. With a total of $3.6 billion,…
Bitcoin’s ascent continues unabated, leading some to speculate that the market cycle peak is still to come. Titan of Crypto, a market expert, claims that the token’s monthly RSI shows potential for additional growth. The current bull market has not yet tested the overbought zone, a threshold that has previously occurred during cycle tops in 2013, 2017, and 2021. Bitcoin’s Path to New Highs By highlighting Bitcoin’s constant cyclical tendencies, the shared research demonstrates that declines are a natural component of the ascent to new highs. According to Titan of Crypto’s chart, Bitcoin prediction is on an upward trend, and…
Bitcoin’s latest climb has boosted investor hope after years of price swings. Bitcoin is one of the most popular cryptocurrencies, and many are wondering if this price increase will continue. Despite short-term dips and corrections, multiple reasons imply Bitcoin’s price surge may continue. Institutional Drives Bitcoin’s Rise The growing institutional adoption of Bitcoin is one of the main factors contributing to its ongoing optimistic outlook. Institutional investors’ interest in Bitcoin as an asset class has grown over the last few years. Bitcoin’s potential as a store of value and inflation hedge has led many large financial institutions, hedge funds, and…
Crypto has accomplished it. The top cryptocurrency in the world has finally crossed the $100,000 threshold after years of wild swings and never-ending arguments. What comes next for Bitcoin and FinTech is an enormous question. But this is a huge win for a digital commodity that was once written off as a fad. No one can disagree that Bitcoin’s future is going to be as exciting as its past, whether they’re investors, skeptics, or simply interested observers. Bitcoin’s Growing Adoption and $100K Forecast Cryptocurrency is destined to reach mass adoption in just the same way as the World Wide Web…
Sacks further emphasized that Bitcoin’s mobility is a key aspect that makes the cryptocurrency appealing in times of societal unrest. Just recently, President-elect Trump selected David Sacks. The position of chief advisor on artificial intelligence and cryptocurrency. The newly appointed “Crypto Czar” is an experienced techie who is not only in favor of cryptocurrencies but has also praised Bitcoin BTC$99,554 for its ability to decouple money from the state. Sacks Back Bitcoin Industry Reacts While speaking with Anthony Pompliano, the software entrepreneur and former PayPal executive praised Bitcoin for its decentralized nature and ability to withstand censorship. For a long…
Bill Dudley has raised his fears about the government’s launch of the Bitcoin reserve, which might bring a lot of flaws and the possibility of the financial and economic sector being affected. This is according to the statement he made to Bloomberg Media in a report by Olga Kharif, in which he expressed his skepticism about the Bitcoin reserve. In his opinion piece for Bloomberg, Dudley, who is a former president of the Federal Reserve Bank of New York (2009-2018), pointed out that the government executive officer’s Bitcoin reserve plan has been a source of concern for the durability of…
After a year of growth, Bitcoin topped $100,000, marking a new chapter in the cryptocurrency market. Trading View data shows Bitcoin crossed this psychological barrier on Dec. 5 mere weeks after topping $90,000 on Nov. 12. Bitcoin also reached $104,000 at 3:08 a.m. UTC after breaking $100,000. Net flows into US spot Bitcoin exchange-traded funds have reached $31 billion, and Bitcoin’s fourth halving in April has tightened supply. Republican Donald Trump has gained the US presidency, the state has boosted Bitcoin’s strategic reserve, and MicroStrategy’s Michael Saylor has led a surge of corporate Bitcoin adoptions that have raised Bitcoin’s price.…
The second-largest cryptocurrency in terms of market capitalization – Ethereum (ETH) – is on the brink of a momentous bullish indicator often referred to as a “Golden Cross.” Precise technology, when the average of moving 50 days (MA) pierces through, exceeding the 200-day MA, brings about sudden price rallies in assets mostly. The experts’ opinion is that this sort of construction can allow Ethereum Price Increase to walk a journey of the skyrocketed price of up to 200%, thus probably setting fresh records. Understanding the Golden Cross A Golden Cross happens when a short-term moving average crosses above the long-term…
The cryptocurrency community is buzzing over which projects may airdrop next, especially if they follow Hyperliquid’s lead. Airdrops are widely utilized on cryptocurrency networks to send tokens to community members and develop user engagement programs, usually rewarding early adopters, examiners, and community members. As the business matures, analysts have identified six promising Hyperliquid-style airdrop initiatives. This article discusses these projects’ features, why they might be the most popular, and their distinctiveness. Sei Network A Blockchain for Trading Sei Network L1 blockchain, which is the best option for both DEXs and trading applications, has become the blockchain that analysts are most…