Month: January 2024

Bitcoin Enters Uncharted Territory with First Ever Golden Cross

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As we step into 2024, Bitcoin opens the year with a remarkable price of $47,000, signaling a potential shift in the market dynamics.  This new year brings with it a historic moment for Bitcoin – its first-ever ‘Golden Cross’ involving the 50-week and 200-week moving averages (MAs). This rare occurrence is not just a technical anomaly but potentially a harbinger of a significant market movement. What Is A Golden Cross In Crypto? To understand the implications of this event, we must first delve into what a Golden Cross is in…

Bitcoin (BTC) Price Holds Above $46K Amid ETF Anticipation

Bitcoin held above $46,500 on Tuesday morning after briefly touching $47,000 as the ETF race ramps up. The cryptocurrency has gained around 5% over the past 24 hours. While most market analysts say the U.S. Securities and Exchange Commission will approve a spot bitcoin exchange-traded fund, some do not see this happening. Youwei Yang, the chief economist at BIT Mining, said in an email to CoinDesk that he thinks no spot bitcoin ETFs will be approved in the near future. Rather, Yang expects the SEC to delay approvals for at…

XRP Price Could Hit $220 With Gamma-Ray Burst: Crypto Analyst

Egrag Crypto, a crypto analyst on X, has released a technical analysis that suggests a potential surge in the price of XRP to as high as $220, drawing a vivid parallel to the astronomical event known as a Gamma-Ray Burst (GRB). In financial charting, the GRB analogy reflects a surge in price with a significant magnitude and rapidity, akin to the intense energy release of a cosmic GRB. Egrag utilizes a Fibonacci Channel (Fib Channel) for his forecast, a technical analysis tool that traders employ to identify potential levels of…

Fear & Greed Index reaches highest level since November 2021

The crypto market’s index of fear and greed has reached its highest level since the end of 2021, indicating greed. According to the latest data from the Alternative.me platform, the Fear and Greed Index in the crypto market has reached its highest level since November 2021. Back then, the price of Bitcoin hit at $69,000. Currently, the figure is 76 points — indicating a bullish greed sentiment not seen since then. Source: Alternative.me The index numerically shows the emotions and sentiments of crypto market participants. Now, the needle is in…

Jim Cramer Says Bitcoin Is Topping Off, Time To Buy Bitcoin?

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Counter-trading CNBC’s Jim Cramer has gone from being a meme to something that Bitcoin investors have begun to take seriously. As the inverse of what Cramer says has usually been the case, taking a stand in the opposite direction has proved positive for some investors. Once more, Cramer has shared his thoughts on where the BTC price is headed, so is it time to buy or sell? Jim Cramer Calls The Bitcoin Top In a new episode, the Mad Money host, a show hosted on the CNBC Network, called out…

Coinbase says Bitcoin, Ethereum current cycles resemble 2018-2022

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Bitcoin and Ethereum are seemingly following the pattern of previous years, when their prices jumped by 500% and 1,000% respectively, Coinbase research says. The current crypto market cycle for Bitcoin (BTC) and Ethereum (ETH) closely echoes the period between 2018 and 2022, when both cryptocurrencies witnessed a significant surge in their prices, according to the latest research report conducted by Coinbase Research and Glassnode. As noted by analysts, various metrics of cyclicality, including net unrealized profit/loss and supply in profit, follow the previous trends and indicate that the current state…

Maker (Takes The Spotlight With 34% Gain

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Maker is making waves as it enters Coingecko’s top gainers list this week with massive bullish pressure on the market. MKR is up nearly 34% in the bi-weekly timeframe, but long-term investors are enjoying bigger rewards as the token is up 205% year-to-date, and currently trading a little above $1,800. The market started the year on a bullish note, with some altcoins leading the charge. The latest market data shows that the broader market is up nearly 6% in the past 24 hours. The Spark Spark, a DeFi infrastructure protocol…

The Resurgence of Global Anti-Americanism

If you look at the graph of American favorability around the world since World War II, there are two deep chasms: the invasion of Iraq in 2003 and the election of Donald Trump thirteen years later. They are related: each moment suggests an America of testosterone and bluster, of xenophobia and nativism, of my way or the highway. Both are 21st century versions of the Ugly American stereotype from the 1950s. Between 2017 and 2020, during the Trump Administration, U.S. favorability declined in each major region of the world, most…