Strong Weekly Chart Trends Crypto analyst Sssebi is bullish on ADA, citing strong green candles on the weekly chart and increased buying pressure. This suggests a positive underlying trend. Smooth Ascent Predicted Sssebi predicts a 50-60% surge for ADA in the next week. He notes the lack of major resistance levels until $1.2, indicating a…
Matt Hougan, CIO of Bitwise Asset Management, recently shared his insights on the growing popularity of Bitcoin Exchange-Traded Funds (ETFs). Surge in Investment Since the launch of 10 new spot Bitcoin ETFs in mid-January, over $20 billion has poured into the market. This has attracted a wide range of investors, from retail traders to hedge…
Bitcoin’s Record-Breaking Run Bitcoin has reached a new milestone, surpassing $71,000 and solidifying its position as the digital equivalent of gold. It has also surpassed the market capitalization of silver. Since early March, Bitcoin has been setting new all-time highs with remarkable frequency. Today, it reached a peak of $72,750, representing a 5% daily increase…
Expert Predictions Crypto expert Gert van Lagen predicts that Bitcoin could reach an unprecedented $200,000 before the Bitcoin halving event in April 2024. He notes that Bitcoin has historically doubled in value within 10, 18, and 84 days of reaching new all-time highs. Halving Effect The Bitcoin halving event reduces the rewards for mining new…
Short Liquidation on the Horizon As Bitcoin (BTC) continues its upward climb, it’s putting a record number of short positions at risk. A surge of less than 10% from the current price of $71,000 could trigger the liquidation of $1 billion in shorts. Traders on Edge Crypto analyst Ash Crypto shared a chart showing the…
Bitcoin has hit a new record high, surpassing its previous all-time high of $69,000. Crypto experts are optimistic about the future of Bitcoin, predicting even higher prices in the coming months. Analyst’s Forecast Cryptocurrency analyst Doctor Profit predicts that Bitcoin could reach $80,000 in this current bull cycle. His analysis is based on technical analysis,…
Mainstream Acceptance The London Stock Exchange plans to accept applications for Bitcoin and Ethereum Exchange-Traded Notes (ETNs), indicating growing institutional interest in cryptocurrencies. Short Squeeze Short sellers who bet against Bitcoin were forced to buy back their positions as the price surged, further fueling the rally. Capital Influx Stablecoin Tether (USDT) saw significant minting, suggesting…
Bitcoin transaction fees have skyrocketed, doubling in just a week as the market surges towards $70,000. Ordinals: Driving the Fee Surge The rise in Ordinals transactions has been a major factor in the fee surge. Ordinals are a new type of transaction that allows users to inscribe data onto the Bitcoin blockchain. As the excitement…
Surge and Investor Sentiment Bitcoin has shattered records, briefly surpassing $70,000. This surge is attributed to a wave of investor enthusiasm and the introduction of spot bitcoin exchange-traded funds (ETFs) in the US. These ETFs have attracted significant interest, with $900 million invested this week alone. Bitcoin Halving Event The upcoming halving event, where the…
Correlation with Bitcoin Dogecoin’s price is closely tied to Bitcoin, with a correlation of 0.95. This means that Dogecoin tends to follow the same trends as Bitcoin. Recent Transactions Despite market fluctuations, Dogecoin has seen a lot of activity recently, with over $4.5 billion in transactions over $100K in the past week. Inflow and Outflow…
