British banking giant Standard Chartered has made a bold prediction for Bitcoin (BTC). They believe it will soar to $100,000 from its current price of around $60,000. Election Day Surge Standard Chartered’s head of forex and digital assets research, Geoffery Kendrick, expects Bitcoin to reach $100,000 by the US election day in November. He also…
Why the Drop? The recent Bitcoin price drop is largely attributed to the “CME gap,” a price discrepancy that occurs between the Bitcoin spot market and the CME Bitcoin futures market. The CME futures market is closed on weekends and holidays, while the spot market operates 24/7. This difference can lead to a gap in…
Network Growth Surge Data from Santiment shows that PEPE, FET, and ENS have experienced a significant increase in their network growth, indicating a surge in new addresses joining their respective blockchains. This growth suggests that these altcoins are attracting new users. PEPE Leads the Pack Among the three, PEPE has seen the most significant adoption,…
Anthony Pompliano, a Bitcoin enthusiast, encourages investors to take advantage of Bitcoin’s current dip. He believes that every savvy investor should buy more when prices drop. Why Buy the Dip? Pompliano argues that Bitcoin dips are opportunities to buy more because: Potential: Bitcoin has the potential to grow significantly in value over the next 5-10…
VanEck and 21Shares have filed for the first Solana ETF in the US. However, the approval of this ETF depends on the outcome of the upcoming presidential election. Political Influence on Crypto Regulation Matthew Sigel, VanEck’s Head of Digital Asset Research, believes the election will impact the approval process due to differences in political approaches…
Bitcoin is facing a tough time as the US Federal Reserve (Fed) continues to tighten its grip on inflation. Fed’s Cautious Approach Fed Chairman Jerome Powell recently hinted at optimism about inflation but stressed the need for sustained improvement before easing rate hikes. While inflation has slowed down a bit, the Fed believes it won’t…
David Lawant, head of research at FalconX, believes Bitcoin is poised for a significant rally in the coming months. Coinbase Premium Discount: A Sign of Market Sentiment The Coinbase Bitcoin premium index measures the difference between the price of BTC on Coinbase Pro and Binance. A negative premium indicates weak buying pressure from US investors….
Crypto tracker Lookonchain reports that large investors, known as whales, have been buying up Chainlink (LINK). Withdrawals from Binance In the past week, 54 new wallets have withdrawn 2.08 million LINK worth $30.28 million from Binance. Lookonchain suggests that these addresses may belong to institutions. Market Performance At the time of writing, LINK is trading…
Former BitMEX co-founder Arthur Hayes believes that the upcoming devaluation of fiat currency will drive up the prices of Bitcoin and stocks. Inflationary Cycle Hayes predicts that the economy is entering a new inflationary cycle. He cites projections from the Congressional Budget Office, which estimate a record-high US federal budget deficit of $1.9 trillion in…
Crypto expert Pentoshi believes Bitcoin (BTC) has unlimited potential for growth, despite its recent dip. Short-Term Correction Possible Pentoshi predicts a potential correction of 20-25% to around $48,000-$51,000. However, he sees this as a buying opportunity. Long-Term Bullish Outlook Pentoshi attributes the long-term bullish outlook to the expected loosening of monetary policy by the Federal…
