A research firm is predicting a major crash for Bitcoin, potentially sending its price plummeting to $45,000. Why the Crash? 10x Research, a firm that analyzes the crypto market, is pointing to several factors that could trigger a Bitcoin price drop. They’re seeing a decline in active Bitcoin addresses, which suggests a decrease in investor…
Bitcoin’s price has been stuck in a rut lately, but some analysts believe the worst is over. Crypto analyst Daan Crypto is pointing to a Bitcoin Rainbow Chart as a sign that things are about to change. Breaking Above $60,000 is Key Daan Crypto thinks Bitcoin needs to break through the $60,000 mark to really…
Bitcoin took a tumble below $54,000 on September 6th, with traders selling off their holdings in droves. The culprit? A mix of macroeconomic factors painting a gloomy picture for the future of Bitcoin. A Weak Job Report and a Shaky Economy The August job report came in weaker than expected, with only 142,000 new jobs…
A crypto analyst has spotted a potential bullish signal for Bitcoin. This signal could mean a big price jump is on the horizon! What’s the Signal? The signal is based on something called UTXOs (Unspent Transaction Outputs). Basically, it’s a way to track how many Bitcoin coins are held by people who are currently making…
Will Bitcoin reach new highs or crash? A big investment firm, Bernstein, thinks it all depends on who wins the US presidential election in 2024. Trump: Good News for Bitcoin? Bernstein says a Trump win would be great for Bitcoin. They predict it could soar to $90,000 by the end of 2024. Why? Because Trump…
ETH is currently struggling, but traders are optimistic. While it’s down 9% in the past week, there’s a lot of hope that prices will bounce back. Traders are pulling out of derivatives exchanges. This could be a good sign for ETH. It means that traders are becoming more cautious and less willing to bet on…
The Ethereum network is seeing a major resurgence, with activity levels reaching their highest point in four months. This surge has some analysts predicting a price increase for ETH. New Wallets, New Hope? The number of new wallets created on the Ethereum network has skyrocketed, particularly on September 8th, a day that usually sees lower…
A Japanese power company is exploring a new way to use excess renewable energy: Bitcoin mining. Harnessing Wasted Energy The Tokyo Electric Power Company (TEPCO) is looking to use its excess renewable energy to power Bitcoin mining. This is a unique approach in Japan, where the company hopes to create a more sustainable energy ecosystem….
Bitcoin has been on a downward trend lately, and it’s causing some pain for short-term investors. According to data from Glassnode, these investors are currently holding Bitcoin at a loss, which could lead to more volatility in the market. Short-Term Holders Under Pressure Glassnode, a cryptocurrency analytics firm, says that short-term Bitcoin holders are “underwater”…
Crypto analyst Benjamin Cowen thinks Ethereum (ETH) might finally reach its lowest price point in December of this year. He’s basing this prediction on a few factors. Unemployment and Crypto Trends Cowen points out that the US unemployment rate usually peaks in December. He believes this trend could also affect the crypto market, leading to…
