Bitcoin’s price dynamics have been one of the hot topics for analysts and enthusiasts, especially as we seem to have reached the same old patterns and cycles over and over again. The cryptocurrency peaked hugely at the end of November (28) or around 2013 and 2017, which, most probably, will remain a benchmark in ATHs. Bitcoin Repeat, 2024 comes with a lot of speculations will Bitcoin follow this pattern again? Patterns, factors influencing Bitcoin’s price, and the probability of history repeating are all covered in this article. The Historical November 28 Highs Observing Bitcoin’s performance in 2013 and 2017 may…
Author: Hoorab Malik
Bitcoin, the first major cryptocurrency still leading the pack, Has long been an example of both technological advancement and unexpected price changes. By the beginning of 2024, Bitcoin’s price had suffered a severe decrease, With a $90,000 point of release, a previous all-time high of late 2023 Reduction. This abrupt fall has nagged many in the cryptocurrency community and raised the issue: Is this drop in the price a natural drawdown or the tip of an iceberg? Bitcoin Falls, For a meaningful evaluation, the sources of the price change as well as its wider influence and the prospects for investors…
This week has seen an active crypto market, with Bitcoin hitting a record of $99,800 per coin on Thursday. The data indicates that South Korea saw a local discount on BTC pricing while the Coinbase premium shot up. Now, bitcoin, the flag of all cryptocurrencies, has gone through a scale of price fluctuations, including periods of elevation and depression. Investors, analysts, and regulators have been seeing or recognizing the change there, which is a sign of crypto’s volatility over the years. Due to the fact that Bitcoin is something where the trading goes on the clock (in contrast to the…
While investors were thinking about President-elect Donald Trump’s choice of Treasury Secretary Scott Bessent and preparing for Wednesday’s October PCE data release, stocks climbed on Monday. However, Bitcoin gold decreased as the markets aligned with the newest economic outlook. Safe-haven assets fell back, though the digital markets confirmed the US markets’ rise, which extended Wall Street’s already shortened Thanksgiving week. Trading activity was expected to decline on Thursday and Friday as the market will be closed. At the same time, Scott Bessent, the President-elect’s nominee for the Treasury Secretary position, was the winner of the investment market, as the investors…
Ethereum’s price remained stable over the weekend as the strong bullish trend of the previous week subsided. ETH, the second-largest cryptocurrency, was trading at $3,370 on Monday, just slightly below the month-to-month peak of $3,500. It has grown by about 60% from its lowest level this year. Current State of Ethereum As of the fourth quarter of 2024, Ethereum, despite the imbalances in the market, is trading between $1,600 and $2,000. This distinguishes it from the sharp dips of last year. This resulted from the on-chain activity and the increased demand for decentralized applications (dApps), which have increased the price.…
Bitcoin, the world’s primary cryptocurrency, has been playing around with the $100,000 level, an emotional threshold that has grabbed the attention of traders and analysts. Although Bitcoin has shown positive growth recently, it still hasn’t managed to break through this important level, creating a buzz in the market. In contrast, the whispering leaves us to rack our brains as to its transcendence and, ultimately, what lies ahead. This article examines the elements keeping Bitcoin below $100,000, its latest activity, and the related consequences for investors and the broader digital currency industry. The Significance of the $100,000 Barrier The price of…
The cryptocurrency market’s controversial nature regarding spoofing has recently come under the spotlight of Bitcoin traders. Spoofing, a fraudulent technique, is in the crosshairs of Bitcoin’s manipulation, which was allegedly abandoned at $97,000 during a short trading period that was still bright. This case contributed to the record number of prizewinners among crypto handlers, which has, in turn, repositioned the question of market manipulation and its long-term effects. Here, we break down the event and its meanings. What is Spoofing, and How Does It Work? Spoofing occurs when traders bluff with large buy or sell orders that they have no…
The new trends in crypto today see NFT as the leader for November, TYMIO founder Georgii Verbitskii who has predicted that Bitcoin would be at $180,000 by 2025 end, and Alexey Pertsev, the developer of the cryptocurrency mixing protocol Tornado Cash, who will still be in jail as he waits for his trial. NFT sales hit $158 million monthly Non-fungible tokens (NFTs) managed to keep a quite stable weekly sales volume even though there was a slight drop as compared to the rise of last week. On November 24th, the NFT data tracker CryptoSlam pointed out that digital collectibles had…
Bitcoin, the commander of the cryptocurrency industry, has almost hit $100,000, with historical records showing that nearly all BTC trades reach $93,000. The three essential factors responsible for making this movement are increasing institutional adoption, growing market sentiment, and the altered policies of U.S. regulation. Unfortunately, this march stopped moving forward to encounter the obstacle of concerns regarding overvaluation and potential blow-off tops that seemed to be shared among short-term forecasters. Experts claim that Bitcoin has been controlling the market to the size of almost 60%, but now this must slip to 58% if a more thorough altcoin season is…
Ethereum (ETH), the second-largest cryptocurrency by market cap, is depreciation-oriented, and hence, there may be a price downturn soon. Among the reasons ETH stays behind leaders like Bitcoin (BTC) and Solana (SOL) are its current price behavior type, the recent exclusive sell-offs, and so on. Ethereum (ETH) Sluggish Performance The Ethereum currency, ETH, has moved southward recently while trying to retain its upward position despite the overcrowded market environment. The primary resistance, around $2,400, has been elusive for the bulls to clear, as seen in the price action zigs and zags like the double top and bear pennant. The lower…