Day: October 18, 2024

Bitcoin Price To $95,000? Here’s What Needs To Happen First

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Este artículo también está disponible en español. The Bitcoin price has now broken above the $68,000 mark amid a run of a 12% price increase in the past seven days. However, analysis says the Bitcoin price will not stop this surge anytime soon. According to a detailed analysis posted on TradingView, a well-known crypto analyst has shared insights suggesting that Bitcoin is on track to climb even higher to reach an ambitious target of $95,000, but USDT.D needs to break below the lower boundary of a triangle first. Interesting Take…

Cyprus SEC Enforces EU Crypto Regulation — Key Deadlines Loom

Key deadlines for crypto-asset regulation are approaching, as Cyprus’ regulator announced that the EU’s Markets in Crypto-Assets Regulation (MiCAR) will take effect for service providers by December 2024, with registration closing by October. Providers already registered may operate until mid-2026 or until their authorization status is determined, marking a major shift in crypto compliance across […] Source CryptoX Portal

Bitcoin Poised For Minimum 60% Rally As 3 Critical Signs Align

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Este artículo también está disponible en español. Henrik Zeberg, a macroeconomist known for his expertise in business cycles, has pinpointed an upcoming rally of at least 60% for the Bitcoin price in his latest technical analysis. The seasoned analyst has identified a pattern across three critical technical indicators that have historically signaled major upward price movements when all aligned. Bitcoin Price Set For Next Bull Run Zeberg highlights the Relative Strength Index (RSI), which is traditionally used to assess whether an asset is overbought or oversold. Currently, the RSI is…

Nigerian Currency ‘Most Competitive in 20 Years,’ Says World Bank

Nigeria’s currency reforms under Bola Tinubu’s government have made the naira one of the most competitive in 20 years, according to World Bank chief economist Indermit Gill. The decision to float the naira and remove fuel subsidies helped prevent fiscal collapse. While the naira’s devaluation has exacerbated poverty and raised concerns about civil unrest but […] Source CryptoX Portal

Spot Bitcoin ETFs record over $2.1b inflows in five-day streak, breaking $20b mark

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Spot Bitcoin exchange-traded funds recorded their fifth consecutive day of inflows on Oct. 17 led by BlackRock’s IBIT for the third straight session. The combined inflows of the 12 spot Bitcoin ETFs reached an impressive $470.48 million on the day, marking a cumulative total of over $2.1 billion in inflows over the last five trading days. According to data from SoSoValue, BlackRock’s IBIT ETF led the inflow surge, attracting $309 million on Oct. 17. This performance marked IBIT’s leadership for the third consecutive day. While BlackRock’s IBIT ETF led the…

7 Key Reasons Behind The Bullish Outlook

Este artículo también está disponible en español. Bitcoin (BTC), the largest cryptocurrency by market capitalization, is showing signs of a potential breakout, according to analyst Miles Deutscher. Historically, October has been a strong month for BTC, and recent trends suggest that the cryptocurrency may be on the verge of a substantial upward movement. Over the past week alone, the Bitcoin price has surged more than 13%, approaching its all-time high of $73,700 set in March of this year. Increased Global Liquidity And Low Supply Deutscher notes that Bitcoin has been…

Cardano (ADA) Eyes a Potential Recovery: Can It Bounce Back?

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Cardano price started a fresh decline below the $0.3565 zone. ADA is consolidating above $0.3420 and might attempt a recovery wave. ADA price started a downward move below the $0.3520 support level. The price is trading below $0.3500 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $0.3460 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could attempt a recovery wave if it clears the $0.3520 resistance zone. Cardano Price Consolidates Losses After testing…