Crypto Analyst Predicts Parabolic Rise A prominent crypto analyst, Credible, predicts a parabolic rally for Bitcoin (BTC), with the potential to reach a six-figure price tag. According to Credible, it’s time for altcoins to step aside and make way for the “king” of crypto. Elliott Wave Theory Forecast Credible uses the Elliott Wave theory, which…
Massive Drop on BitMEX Bitcoin (BTC) has been on a downward spiral since crashing to $64,000 earlier this week. On Monday, the cryptocurrency plummeted to a shocking $8,900 on the BitMEX exchange. A massive sell-off by an unidentified user caused the price to drop sharply. The user sold over 400 BTC in increments of 10-50…
Halving Effect Bitcoin’s recent price drop is partly due to the upcoming Bitcoin Halving, which is expected to happen within the next 30 days. According to analyst Rekt Capital, Bitcoin is in the “Final Pre-Halving Retrace” phase, which typically involves a price pullback. Profit-Taking by Long-Term Holders Long-term Bitcoin holders are starting to sell their…
Exploring Diversification Japan’s Government Pension Investment Fund (GPIF), the world’s largest with $1.5 trillion in assets, is looking into adding Bitcoin to its investment mix. This move signals a potential shift for the fund, which has traditionally invested in more conservative assets. Information Gathering GPIF is currently gathering information about Bitcoin and other non-traditional assets….
Standard Chartered’s Bullish Outlook Standard Chartered, a global bank, has predicted a potential surge in Ethereum (ETH) prices. Analysts at the bank believe ETH could reach $14,000 by 2025. Key Drivers Spot ETH Exchange Traded Funds (ETFs): The potential approval of these ETFs by the US Securities and Exchange Commission (SEC) could significantly boost ETH…
Despite some setbacks in the approval process for spot Ethereum Exchange-Traded Funds (ETFs), financial giants like Fidelity remain hopeful. Fidelity’s Amended Application Fidelity has recently updated its application for an Ethereum spot ETF, expressing confidence in its approval by the SEC. The amendment includes a more detailed analysis of the relationship between the spot and…
Net Unrealized Profit/Loss (NUPL) A recent analysis has identified a pattern in Bitcoin’s NUPL indicator that suggests the bull market may be coming to an end. NUPL measures the overall profit or loss held by Bitcoin investors. Overheated Levels For several weeks, Bitcoin’s NUPL has been at very high levels, indicating that investors are holding…
Crypto Market Woes The Shiba Inu price has taken a nosedive, losing over 10% in a single day. This is largely due to Bitcoin’s recent drop below $65,000. FOMC Meeting Jitters The upcoming Federal Open Market Committee (FOMC) meeting is also weighing on the crypto market. Investors are anxious about its potential impact. Bitcoin Correction…
Former Treasury Secretary Larry Summers has raised concerns about the accuracy of the official inflation rate, suggesting it may be significantly underestimating the true pain Americans are facing. Pre-1983 Inflation Measure Reveals Spike Using an older method of measuring inflation that included personal interest rates and housing financing costs, Summers and co-authors found that inflation…
Fantom (FTM) Analyst Ali Martinez predicts an 80% surge for Fantom (FTM), with a target price of $1.44. FTM has previously rallied from $0.464 to $0.873. Cardano (ADA) Martinez sees ADA potentially reaching $1.40 and eventually $5 if it follows a historical pattern. ADA is currently trading at $0.678. Polygon (MATIC) Martinez identifies support levels…
