The new executive order could unlock trillions in retirement funds for crypto, with a 1% shift potentially pushing Bitcoin to $194,000. Still, volatility and regulatory risks may limit quick adoption. Summary A recent executive order could enable crypto investments within employer-sponsored retirement plans, unlocking access to $12.2 trillion in assets. Bitwise projects that a 1% allocation shift could raise Bitcoin’s price to about $194,000, while a 10% shift might push it toward $868,700. Despite this potential, volatility, regulatory uncertainty, and fiduciary responsibilities remain big challenges. Last week, markets flicked from…
Tag: High
XRP ABC Wave Shows How High The Price Will Go If This Structure Holds
The XRP price action is unfolding in line with a textbook Elliott ABC Wave pattern, signaling the potential for its next upward move. According to crypto analyst Dark Defender, the chart structure remains intact and could set the stage for a major rally if the current corrective phase completes as projected. ABC Wave Pattern To Drive XRP To New Highs In Dark Defender’s latest XRP price analysis, the crypto expert outlined a clear Elliott Wave ABC structure on a 4-hour chart, suggesting a potential price surge to new highs if…
Bitcoin Rally Takes Cryptocurrency Market to $4 Trillion All-Time High
A surge in both bitcoin and altcoin prices drove the entire crypto ecosystem into $4 trillion territory for the first time in history. Historic Crypto Peak: Market Tops $4T on Back of Bitcoin Bull Run Bitcoin ( BTC) topped $122K early Monday morning before easing back to $119K. But despite the slight pullback, the digital […] Source
Total Cryptocurrency Market Cap Reaches New High, Ethereum Value Surpasses Mastercard – SuperCryptoNews
The total market capitalization of cryptocurrencies has reached a new all-time high of $4.14 trillion, driven by significant gains in Bitcoin and Ethereum. This new peak surpasses the previous record set on July 23, with the crypto market gaining 22% since the beginning of the year. This inflow of approximately $750 billion is comparable to the entire market cap during the bear market crash in November 2022. Despite the growth, the total crypto market is still valued less than tech giant Nvidia, which has a market capitalization of $4.45 trillion.…
Is institutional demand keeping Bitcoin dominance high and delaying altseason?
Bitcoin continues to dominate the cryptocurrency market, with institutional demand showing few signs of easing, and that may be the main reason altseason has yet to arrive. A new quarterly report from Bybit and Block Scholes, published Aug. 8, shows… Original
Stablecoin Float Surpasses $270 Billion, Setting a New High
The stablecoin market’s total value has surpassed $270 billion, marking a new milestone for the sector, according to stats collected by defillama.com and artemisanalytics.com. Stablecoin Economy Climbs as Activity Broadens Over the last seven days, aggregate stablecoin capitalization rose by $3.051 billion, a 1.14% gain, per defillama’s dashboard. The new total places the asset class […] Source CryptoX Portal
How High Can Ethereum Price Go Beyond $4K? ETH Analysts Weigh In
Key takeaways: Ethereum is breaking out across multiple bullish setups on the price chart. Analysts see ETH rising to $6,000 soon, with $20,000 possible within a year. Ethereum’s native token, Ether (ETH), has surged roughly 24% this week to above $4,330, its highest price since December 2021. Many analysts now eye a break above the record $4,950 level next. Ether’s Wyckoff pattern breakout targets $6,000 Ethereum is showing signals of breaking out of its prevailing Wyckoff Accumulation pattern, according to analyst Lord Hawkins. ETH/USD weekly price chart. Source: TradingView/Lord Hawkins…
Bitcoin Holds Strong Near All-Time High – Market Not Overheated Yet, Data Shows
Bitcoin is holding firm above the $115,000 level after several days of trading below it, signaling renewed strength in the market. The bullish tone is building as Ethereum posts massive gains and altcoins begin to show strong moves over the past few days. For some analysts, this could be the start of the long-awaited altseason; for others, it’s simply the rest of the market catching up to Bitcoin’s earlier rally. Related Reading Top analyst Axel Adler noted that Bitcoin’s price is now trading close to its all-time high, with the…
Can Bitcoin Reclaim Its All-Time High? Analyst Points To Key Level For A Comeback
The Bitcoin price has been enjoying some form of resurgence over the past week, returning above the significant $115,000 level again. The premier cryptocurrency briefly crossed the $117,000 mark on Friday, August 8, capitalizing on recent bullish developments in the United States. On Thursday, August 7, United States President Donald Trump signed an executive order allowing cryptocurrency investment in 401(k) plans. The Bitcoin price rallied on the back of this positive development and looks set to continue this ascent back to its current all-time high. Why 118,000 Might Be Crucial…
Transactions Hit Record High as Staking, SEC Clarity Fuel ETH Rally
Shaurya is the Co-Leader of the CryptoX tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook…