Trading Volume Boom The crypto investment world has hit a major milestone, with trading volumes soaring to a record $30 billion last week. This surge indicates a growing acceptance of cryptocurrencies in mainstream financial portfolios. Crypto Funds Inflows Crypto funds also experienced a significant influx, with $1.84 billion in net inflows. US spot Bitcoin ETFs…
Whale Population Growth Bitcoin has surpassed $67,000 as data shows a growing number of whales on the network. Whales, or entities holding at least 1,000 BTC, have been accumulating. This suggests increased buying activity in the market. Correlation with Price Analysts have observed a correlation between the number of whales and Bitcoin’s price. As the…
Tether’s USDT Surpasses $100 Billion Tether’s USDT stablecoin has become the first to surpass $100 billion in circulation and market value. Its value is pegged to the US dollar, and its popularity has surged as demand for Bitcoin has grown. Tether Dominates Stablecoin Market USDT accounts for about 70% of the $142 billion stablecoin market….
Popularity and Speculation Dogecoin’s popularity has sparked excitement, leading to speculation about a potential ETF (exchange-traded fund). While Ethereum is a popular choice, crypto expert Andrew Kang believes Dogecoin has a higher chance of approval. Expert’s Prediction Kang predicts a 30% chance of a Dogecoin ETF due to recent regulatory changes and Dogecoin’s decentralized nature….
Cathie Wood, CEO of ARK Invest, believes that Bitcoin’s price could still surge to $1.5 million. Institutional Investors Driving Growth Wood argues that institutional investors are increasingly recognizing Bitcoin as a new asset class with low correlation to traditional assets. This shift is expected to drive significant demand and price appreciation. Limited Supply and Growing…
Analyst Benjamin Cowen predicts a potential significant correction for Bitcoin (BTC). Retesting Resistance Levels Cowen notes that BTC historically retests previous resistance levels as support before rising further. However, he points out that BTC did not retest $30,000 as support during its recent climb above $60,000. This could indicate a potential 50% drop in value….
Dogecoin Analyst Altcoin Sherpa predicts substantial profits for Dogecoin (DOGE) during the next bull market. While not a groundbreaking investment strategy, DOGE offers high chances of multiplying your investment. Sherpa advises buying now and holding until a significant price surge occurs. Solana Sherpa expresses mixed feelings about Solana (SOL). Its recent performance has been underwhelming,…
Quant analyst PlanB predicts that Bitcoin has entered the bull market phase, characterized by intense price surges and volatility. Phases of Bitcoin’s Market Cycle PlanB outlines four phases of Bitcoin’s market cycle: Accumulation: Steady growth with gradual price increases Bull Market: Extreme price pumps and “face-melting FOMO” Distribution: Price peaks and gradual decline Bear Market:…
Bitcoin has been on a roll lately, reaching $64,000 on Sunday. Now, analysts are looking at a key level that could determine its next direction. Support and Resistance Analyst Ali Martinez has identified a “substantial support area” between $61,100 and $61,800. If Bitcoin can hold above this level, Martinez expects it to rise towards $65,900….
Bitcoin is hovering around $60,000, close to breaking its all-time high. This would be a significant milestone, as Bitcoin typically sets new records only after its halving events. The Halving’s Impact The halving reduces the number of new Bitcoins entering circulation, making the supply more scarce. This can lead to higher prices, especially when demand…
