Peter Brandt, a well-known trader and chartist, has warned bitcoin investors about troubling market patterns. He highlighted that BTC has gone 30 weeks without a new all-time high, historically leading to severe declines of up to 75%. While Brandt remains optimistic, forecasting a bitcoin price of $135,000 by late 2025, he cautions that a close […] Original
Mantra (OM), a blockchain network focused on real-world asset tokenization, retested its all-time high on Oct. 10, surging 9.2% to reach $1.46. The altcoin’s market capitalization crossed $1.2 billion, with daily trading volumes around $56 million, predominantly concentrated on Binance and XT.COM. In the past 30 days, Mantra (OM) has risen 42%, outperforming key RWA tokens such as Ondo (ONDO) and Pendle (PENDLE). When writing it was up over 2400% since the start of 2024. OM’s price action has aligned with a rebound in its futures open interest, which has…
Still, Monday’s price action meant that BTC briefly reclaimed the 200-day moving average, which currently sits at $63,575 per TradingView data, but ultimately failed to hold above it. Moving and holding past that key level would reaffirm bitcoin’s uptrend since the lows of around $52,000 hit in the first week in September. Original
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…
As of today, Oct. 6, 2024, the countdown to the end of the year continues, with just 87 days left. Bitcoin (BTC) is holding strong at just over $62,000, although it’s still trailing 15.6% below its record high from seven months ago. Meanwhile, ethereum (ETH) is facing a steeper climb, currently priced at $2,432—sitting 50.2% […] Original
Este artículo también está disponible en español. POPCAT has achieved a remarkable milestone by surging past its all-time high of $1.0094, igniting excitement among traders and investors alike. This breakout signals a powerful bullish momentum, prompting a re-evaluation of the asset’s potential for further gains. As the market reacts to this significant price movement, understanding the underlying technical factors and market dynamics is crucial for forecasting future price action. In this technical breakdown, we will analyze the recent surge of POPCAT past its previous all-time high of $1.0094, focusing on…
Este artículo también está disponible en español. Bitcoin, which started the month on a negative note, has begun to regain some positive momentum and is up by 1.66% in the past 24 hours. This recovery comes amid renewed optimism in the crypto space, as traders and investors remain hopeful for a solid finish to the year. In a recent post on social media platform X, popular crypto analyst Inmortal revealed Bitcoin is still on its way to creating a new all-time high very soon. The only thing the bulls need…
Bitcoin held above the $60,000 key support level, while Ethereum’s ETH fell to near its weakest level against BTC since mid-September. Source
Private credit, a booming market in traditional finance, is a fast-growing sector in the blockchain-based real-world asset sector as well with $9 billion of assets, data shows. Source
Grayscale’s fee revenue from GBTC is nearly five times higher than BlackRock’s from IBIT even after a 50% decline in assets under management. Source