Day: October 7, 2024

Bitcoin price could retest all-time high soon; analyst predicts

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Bitcoin price rose for two consecutive days on Monday, Oct. 7, as traders embraced a risk-on sentiment.  Bitcoin (BTC) rose to an intraday high of $64,000, a 6.62% increase from last week’s lowest point. The rebound happened even as American equities retreated as the odds of a more dovish Federal Reserve eased. The Dow Jones, S&P 500, and Nasdaq 100 dropped by over 0.20% in early trading. Some crypto analysts and investors remain bullish on Bitcoin. MetaPlanet, a Japanese company, has become the latest major Bitcoin buyer after adding coins worth…

Bitget Token (BGB) Tumbles 52% on ‘Market Sluggishness,’ Crypto Exchange Says, While Promising Compensation

Flash crashes aren’t unusual in cryptocurrencies, although it is often difficult to explain why many holders of an asset suddenly decide they want to sell. In BGB’s case, the catalyst was likely “overall market sluggishness” stemming from holidays and Golden Week in Asia, among other factors, said Ryan Lee, chief analyst at Bitget Research, in an email. Source

FET Gears Up for Gains: Bullish Momentum Eyes $1.8 Breakout

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FET is showing renewed positive strength, with recent price action suggesting a breakout toward the $1.8 resistance level may be on the horizon. After bouncing back from key support zones, the cryptocurrency has caught the attention of traders as upward pressure begins to build. With buying interest growing and technical indicators showing signs of strength, the stage is set for FET to potentially reclaim higher price levels, positioning $1.8 as a crucial target for bulls looking to extend the rally. The aim of this article is to analyze FET’s recent…

Bitcoin Technical Analysis: Uptrend Intact, But Indicators Warn of Short-Term Correction

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Bitcoin is trading at prices between $62,856 to $63,016 at press time, with a market cap of $1.24 trillion and a 24-hour trade volume of $23.87 billion. Intraday, prices fluctuated between $62,120 and $63,909, showing signs of consolidation. Despite the overall uptrend, oscillators and moving averages paint a mixed picture, hinting at potential corrections while […] Original

Solana-Based MYRO Next In Line For $1 Billion? Why A 200% Surge To $0.2 Is Possible

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Este artículo también está disponible en español. Crypto analyst CobraVanguard has suggested that the Solana-based meme coin MYRO could be the next to reach a $1 billion market cap. This follows his prediction that the meme coin could enjoy a 200% price surge from its current level.  Why MYRO Could Enjoy A 200% To $0.2 CobraVanguard mentioned in a TradingView post that the meme coin is forming a falling wedge on the daily timeframe. He claimed that MYRO could enjoy massive upside moves if it breaks out from its current…

ETH expected to surge as investors eye ETH EFTs, as new DeFi coin raises $70k in 10 hours

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Ethereum ETFs face outflows amid geopolitical tensions, new opportunities like Cutoshi are emerging, drawing investor interest with its blend of memecoin appeal and DeFi features. Cryptocurrency ETFs made progress in 2024, with Ethereum ETFs approved and trading this year. Currently, the crypto ETF market size is around $82 billion, and it will increase drastically as we get ETFs in various sectors. Ethereum ETFs have not impacted the ETH…