Bitcoin’s recent surge has taken a sharp turn, with the cryptocurrency crashing below $63,000. This has triggered a massive flush of long contracts, amounting to around $533 million. Bitcoin’s Downtrend After hitting an all-time high of over $73,800, Bitcoin has experienced a bearish trend. The latest drop has seen its price plummet by over 7%…
Global Interest Skyrockets Shiba Inu, the popular dog-themed cryptocurrency, has hit new heights, becoming one of the most searched cryptocurrencies on Google. Google Trends shows a surge in interest for Shiba Inu (SHIB) globally, reaching levels not seen in the past two years. Top Countries Driving Interest Ten countries have contributed significantly to Shiba Inu’s…
Crypto analyst Rekt Capital has issued a warning about a potential Bitcoin (BTC) correction based on historical market cycles. Danger Zone Imminent According to Rekt Capital, Bitcoin will enter the “danger zone” in two days, where it has historically experienced significant corrections. This zone typically occurs 14-28 days before the halving event, when miners’ rewards…
Massive Token Unlock Arbitrum, an Ethereum scaling solution, unlocked 1.11 billion ARB tokens on March 16th. This represented 42% of the circulating supply. Whale Activity According to Lookonchain, 11 whales deposited 34 million ARB tokens into crypto exchanges after the unlock. Token Distribution 673.5 million ARB tokens ($1.37 billion) were unlocked for the Arbitrum team,…
A popular analyst predicts that Ethereum (ETH) could surge 125% during this bull market. Layer-In, Layer-Out Model The analyst uses the layer-in, layer-out model, which considers factors like trend analysis and volatility, to determine potential price targets. $8,000 Price Target Based on this model, the analyst predicts that ETH could reach $8,000. However, they recommend…
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…
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…
