Accumulation Period and Surge Trader Jason Pizzino predicts that the altcoin market, excluding Bitcoin, Ethereum, and stablecoins, will reach new all-time highs in early 2025. He bases this on a similar accumulation period and parabolic surge observed in the last cycle from late 2018 to early 2021. Timeline Pizzino suggests that the altcoin market cap…
A renowned analyst who accurately predicted the 2022 crypto crash has expressed optimism for Solana (SOL) and Render (RNDR). Solana and Render on the Rise The analyst, known as Capo, believes that Solana, an Ethereum competitor, and RNDR, a blockchain focused on GPU rendering, are poised for an uptrend. Capo has increased his long positions…
An airdrop hunter has raked in a whopping $753,000 worth of ZKsync tokens (ZK) across 85 wallets, according to crypto tracker Lookonchain. Binance Deposit and Sale The hunter then deposited 2.71 million ZK, valued at $678,000, into Binance. They also sold 300,000 ZK for 20 Ethereum (ETH), worth $69,000, through the decentralized exchange SyncSwap. ZKsync…
A crypto analyst known as Credible believes Bitcoin (BTC) could be close to finding a bottom at current levels. Swing Pattern Failure Credible noted a potential swing pattern failure (SFP) in Bitcoin’s lower time frame after a bounce from $64,000. SFPs are often seen as possible reversal points. “There’s a chance our BTC bottom is…
Bitcoin as a Safe Haven The crypto market is in turmoil, and investors are flocking to Bitcoin as a safe haven. This has boosted Bitcoin’s dominance to a 9-week high of 57%. Altcoins, on the other hand, are taking a hit. Altcoins Bear the Brunt Projects like Akash Network, Floki, and Chiliz have plummeted over…
Travis Kling, founder of Ikigai Asset Management, shares his insights on the current state of Bitcoin and the cryptocurrency market. Bitcoin’s Flat Performance Despite strong gains in the stock market, Bitcoin has remained relatively flat. Kling suggests that the market is “on the verge of cannibalism,” with internal factors limiting its growth. ETF Flows and…
Bitcoin is currently facing a critical test at the $64,515 support level. This level could determine its direction in the coming days. Bullish Arguments Strong fundamentals and investor interest could push Bitcoin higher. Bearish Arguments Macroeconomic pressures and regulatory uncertainties could lead to a crash. Technical Analysis 4-Hour Chart: Bitcoin is retracing after being rejected…
Dual Bitcoin and Ethereum ETF Hashdex, a Brazilian crypto asset management company, has filed for a dual ETF that includes both Bitcoin and Ethereum. This move comes as the race for a Spot Ethereum ETF intensifies. Market-Weighted Approach Hashdex’s ETF will be market-weighted, meaning its composition will be based on the market capitalization of Bitcoin…
Bearish Triangle Pattern Crypto analyst Crypto Daily Trade Signals has warned that Dogecoin (DOGE) could face a downside risk due to a descending triangle pattern. This pattern indicates a series of lower highs and a flat support level at $0.121. Despite the support level, the bearish market conditions driven by Bitcoin’s decline could weaken it….
David Hirsch, the SEC’s chief crypto regulator, has left his post, leaving the industry wondering what’s next. Hirsch’s Legacy: A Crackdown on Crypto Hirsch was known for his tough stance on crypto enforcement. Under his leadership, the SEC took on major players like Kraken, Coinbase, and Ripple, setting a precedent for strict oversight. Speculation and…
