“If we look at demand generally since the ETFs have launched, it has created tremendous supply shock already,” said Brian Dixon, CEO of investment firm Off the Chain Capital. “Once the halving occurs, and that supply is further reduced, it’s only logical to think that the price will appreciate.” Original
Cardano (ADA) is again in the spotlight as crypto analysts continue to deliberate on its future trajectory. This time, crypto analyst Alan Santana has laid out a bearish narrative for the crypto token, which could cause its price to drop drastically. How ADA Could Crash To $0.34 In his analysis, Santana stated that ADA’s breakout below the $0.58 price level, which has acted as support for the crypto token for five weeks, signals a bearish sentiment toward it. In line with this, he suggested that ADA’s price could further dip…
Renowned crypto analyst Jelle has caught the attention of the Bitcoin (BTC) community with his bold prediction of a target price of $82,000. Notably, despite recent challenges in breaking above the $66,000 mark, Bitcoin currently hovers around $67,780, showing resilience in the face of a short-term pullback. BTC To $82,000 Soon? In an X post uploaded earlier today, crypto analyst Jelle shared his latest view on Bitcoin. According to the analyst, the Bitcoin target “remains the same: $82,000”. It is worth noting that Jelle’s forecast is based on his observation…
Franklin Templeton’s digital assets division has released a note to its investors introducing Bitcoin-based non-fungible tokens (NFTs), highlighting a surge in activity within the Bitcoin ecosystem. The asset manager attributes this increased momentum to various factors, including the emergence of Bitcoin (BTC) NFTs called Ordinals, the development of new fungible standards like BRC-20 and Runes, the growth of Bitcoin Layer 2 (L2s) solutions, and the expansion of decentralized finance (DeFi) applications built on the Bitcoin network. Bitcoin Ordinals Shine According to the Bitcoin ETF issuer’s report, activity in the Bitcoin…
On Tuesday, Proshares introduced two new offerings: the Ultra Bitcoin exchange-traded fund, sporting the ticker BITU, and the Ultrashort Bitcoin exchange-traded fund (ETF), known as SBIT. While BITU is designed to deliver two times the daily returns of bitcoin, SBIT is structured to produce double the inverse of bitcoin’s daily returns. Proshares Introduces Leveraged and […] Original
Bitcoin (BTC) has gained a slightly bullish momentum after its fall from the $70,000 mark. The small push comes as the BTC total open interest (OI) plunged by over $1 billion. BTC is up by 0.6% in the past 24 hours and is trading at $66,500 at the time of writing. The asset’s market cap surged to $1.3 trillion with a daily trading volume of $44 billion. BTC price, whale activity, open interest and RSI – April 3 | Source: Santiment According to data provided by Santiment, the total Bitcoin…
Altcoins like Ethereum, Cardano, Solana, and the rest might be lower at spot rates. However, according to one analyst who sees a parallel in the current formation to the 2020 market cycle, they are gearing up for a potential surge. In a post on X, the analyst says that often, after a period of accumulation and a retest of previous highs, altcoins tend to be volatile. The crypto analyst also notes that Bitcoin has pulled back from its all-time highs and is preparing for a possible retest of this level…
Johnston gives a quick example. “Let’s say I wanted to earn native bitcoin yield, with no wrapping, no bridges, and no third parties.” This is tough for a layperson. (Not that a layperson would ever say the words “native bitcoin yield,” but you get the picture.) With AI-empowered bitcoin, says Johnston, you could just say something like, “I want my bitcoin to earn some yield in a safe and decentralized manner,” and it would do the research to find solid, reputable, non-custodial solutions, and “not some crap that a YouTube…
Ethereum price is signaling positive moves above the $3,550 zone. ETH could gain bullish momentum if it clears the $3,650 resistance zone in the near term. Ethereum started another increase from the $3,500 support zone. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it settles above the $3,650 resistance zone. Ethereum Price Could Accelerate Higher Ethereum price…
The Bitcoin price has experienced a notable resurgence over the past week, drawing parallels to the optimism often associated with Holy Week among Christians. This renewed momentum has infused the entire market, leading to significant profits for other major cryptocurrencies in the last seven days. The resurgence of the Bitcoin price seems to be at its nascent phase, with a popular crypto pundit on the X forecasting a bullish trajectory for the premier cryptocurrency over the coming days. Bitcoin Price To Reach $75,000? In a recent post on the X…