Category: Analysis

Expert Maps Out Timeline For The XRP Price To Cross $1,000

Crypto Expert BarriC has raised eyebrows with his recent analysis of the XRP price, in which he stated that the crypto token could rise to $1,000. As part of his analysis, he also elaborated on why this price level is attainable and not an “arbitrary number” he has pulled out for fun.  When Will The XRP Price Rise To $1,000? BarriC suggested in an X (formerly Twitter) post that the XRP price will rise to $1,000 in the next five to ten years. He explained that this would happen due…

Crypto Analyst Reveals When This Will Happen

Crypto analyst CrediBULL Crypto has laid out a bullish narrative for Ethereum (ETH) and XRP. He claimed that both tokens could rise to as high as $20,000 and $20, respectively. Additionally, he stipulated when this parabolic price surge is likely to happen.  Ethereum Could Hit A Market Top Near $20,000 CrediBULL Crypto mentioned in an X (formerly Twitter) post that there is a chance that Ethereum could hit a market peak near $20,000. He further explained that ETH could attain this price level based on his belief that BTC can…

Ethereum Price Faces Crucial Test: Will $3,250 Withstand the Pressure?

Ethereum price is struggling to recover above the $3,440 resistance zone. ETH is moving lower and might decline further if it clears the $3,250 support. Ethereum is struggling to climb above the $3,370 and $3,440 levels. The price is trading below $3,380 and the 100-hourly Simple Moving Average. There was a break below a major bullish trend line with support at $3,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if there is a close below the $3,250 support zone. Ethereum Price Recovery…

Bitcoin Price Reclaims 100 SMA But Bulls Still Face Uphill Task

Bitcoin price is attempting a recovery wave above the $66,500 resistance. BTC must clear the $70,000 resistance to continue higher in the near term. Bitcoin is facing many hurdles near the $69,500 and $70,000 levels. The price is trading above $67,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $66,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $67,000 support zone. Bitcoin Price…

Bitcoin’s peak could be a harbinger of a stock market top next, Stifel says

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A bitcoin top could signal trouble for stocks – and a shift in market leadership, according to Stifel. According to Barry Bannister, Stifel’s chief equity strategist, there’s evidence the cryptocurrency may be peaking, which could lead to a pullback in investor sentiment, weaker Big Tech stocks, and a rotation into value, he said in a note Wednesday. “Bitcoin & Nasdaq 100 reflect the speculative fever fostered by cheap money after dovish Fed pivots, such as occurred 4Q 2023,” Bannister said. “We show that if Bitcoin reflects euphoria after a dovish…

Steve Cohen says he owns a ‘little bit’ of bitcoin because of his son

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Hedge fund billionaire and New York Mets owner Steve Cohen said he owns “very little” bitcoin, though he didn’t specify its value. “My son is really into it, and he had me play around and try to figure out how to transact on Coinbase,” Cohen told CNBC’s “Squawk Box” Wednesday. The chairman and CEO of Point72 Asset Management, which has about $32 billion in assets under management, added that he doesn’t have strong opinions about the digital asset class. Still, he appears to be following along with investors across the…

Bitcoin Price Consolidates Losses But Recovery Could Face Hurdles

Bitcoin price extended its decline below the $65,000 support zone. BTC is now consolidating losses and might attempt a recovery wave toward $67,000. Bitcoin price declined further below the $65,500 and $65,000 levels. The price is trading below $67,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $67,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could recover but the bears might remain active near $67,000. Bitcoin Price Drops Further Bitcoin price turned red…

Bitcoin Price Dumped To $66K As Bears Gain Strength, $64K Next?

Bitcoin price started another decline from the $70,000 resistance zone. BTC is down over 5% and there was a move below the $67,500 support. Bitcoin price is gaining bearish momentum from the $70,000 resistance zone. The price is trading below $68,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $68,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend its decline toward the $64,000 support zone in the near term. Bitcoin Price Turns…

Investors focused ‘overwhelmingly’ on bitcoin over other crypto, says BlackRock

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BlackRock’s push into crypto has been expeditious, but it may be hitting the brakes after bitcoin and ether. The January launch of bitcoin exchange-traded funds was a huge breakthrough for crypto that may have changed the market forever. That’s largely thanks to the unlikely endorsement of the asset class by the firm: BlackRock first filed for its iShares Bitcoin Trust (IBIT) about seven months before the launch. Since then, the firm filed for an ETF that would track the price of spot ether, the second-largest cryptocurrency by market cap. The…

Gold could start to overtake bitcoin

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Gold has a chance to charge ahead of bitcoin as the flagship cryptocurrency hovers around the $70,000 level, according to Wolfe Research. The yellow metal and its digital counterpart have been trading in tandem with each other for the past month, with both reaching new records even as the stock market trades near its highs. However, bitcoin has also been mirroring its own moves from 2021, when the cryptocurrency rocketed twice to all-time highs, just before a deep pullback. “Bitcoin has historically traded like more of a ‘risk asset’ and…