Day: January 3, 2024

Matrixport expects BTC to surge to $50k in January

Matrixport analysts expect an “explosive Bitcoin surge to $50,000” in January. Experts shared this forecast in a Jan. 2 blog post stating that they believe that Bitcoin (BTC) is poised for a breakout early in the year after consolidation in mid-to-late December. Analysts recalled that a year ago the market was bearish, but the situation now looks markedly different: “We expect an immediate rally that once again catches investors off-guard.” Matrixport analysts Source: Matrixport With the possibility of spot Bitcoin ETFs being approved in early January, the likelihood that the…

Bitcoin Price Seems Unstoppable As BTC Bulls Aim For $48K

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Bitcoin price is holding gains above the $45,000 resistance. BTC seems to be setting up for more gains above the $46,000 level in the near term. Bitcoin extended its increase and traded close to the $46,000 level. The price is trading above $45,000 and the 100 hourly Simple moving average. There is a key bullish flag forming with resistance near $45,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase unless there is a correction wave below $44,800. Bitcoin Price…

Elastos emerges as top gainer among top 500 cryptocurrencies

The native token of the Elastos ecosystem, ELA, has emerged as the top gainer among the top 500 cryptocurrencies while a key indicator suggests downward momentum. ELA is up 35% in the past 24 hours and is trading at $4.24 at the time of writing. The asset’s market cap rose to $91 million, making it the 384th-largest crypto asset. While daily trading volume of Elastos also recorded a 50% rally, reaching $2.57 million. ELA price and RSI – Jan. 2 | Source: Santiment Data shows that over 64% of the…

Arbitrum (ARB) Maintains Impressive 30% Price Uptrend, Analyst Predicts Breakout Above $2

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Arbitrum (ARB), a prominent Layer 2 (L2) protocol, has emerged as one of the top gainers in the past month, experiencing a remarkable surge of 59%. Over the past 7 days, the token has grown substantially over 31%, propelling it to reach a new all-time high (ATH) of $1.8391 on Monday.  Arbitrum’s Market Capitalization Surges To $2.21 Billion The impressive price surge of ARB reflects the growing interest in the protocol and its native token within the Layer 2 ecosystem. This surge is evident when examining the data provided by…

Is A Bitcoin Spot ETF Approval A Sell The News Event? Experts Respond

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All attention of crypto investors has turned toward January 10 when the first Spot Bitcoin ETF is expected to be approved. As usual, the excitement triggered by this has seen prices recover across the space, with no doubt about the bull sentiment leading up to the event. However, arguments have arisen about whether this bullish sentiment would continue if a Spot ETF is eventually approved or if it will end up being a “sell the news” event. What Is A Sell The News Event? The phrase “sell the news” is…