Tag: Market

Market Expert Predicts Bitcoin Could Reach $100,000 Within 90 Days

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Este artículo también está disponible en español. Despite the Bitcoin price consolidating between $65,000 and $68,000 over the past few days, analysts are increasingly optimistic about the potential for upward movement and new all-time highs for the largest cryptocurrency on the market in the coming months.  Bitcoin Surge Regardless Of US Election Outcome In a recent social media post on X (formerly Twitter), market expert Timothy Peterson highlighted a basic trendline for the period 2023-2024, suggesting that current price behavior mirrors previous uptrend patterns.  In his analysis, Peterson asserts that…

Activist Group Says Kalshi’s Election Market Should Be Shut Due to ‘Manipulative’ Whales

“If the trading amounts to any one of these species of election or market manipulation, then it is also likely to artificially skew the pricing of contracts in a way that is divorced from election ‘fundamentals,’ thus creating volatility that will undoubtedly harm many smaller retail investors who have placed their own bets,” Better Markets said, urging the U.S. Court of Appeals to overturn a lower court’s decision that freed Kalshi to offer election markets. Source

Stablecoins Could Be a $5-$10 Trillion Market, Will Be Integral Part of the Global Financial System

Stablecoins are one of the most popular innovations in crypto, bridging government-issued fiat currencies on traditional financial rails with blockchain-based digital assets, facilitating trading and transactions. Taken together their current market cap is about $170 billion. Because of their non-volatile nature combined with blockchain’s speed and near-instant settlements, they are increasingly used for everyday economic activities such as payments and remittances, especially in developing countries with less robust banking systems and rapidly devaluing local currencies like Argentina and Nigeria. Source

On Derive’s Options Market, Institution Takes $25M Hedge Bet on BTC Price Action Spurred by U.S. Election

“This $25 million options trade marks a watershed moment for onchain options trading, and it’s one that could have significant implications post-election. The institution has strategically positioned a unique structure with sold puts, bought calls, and eBTC collateral, potentially standing to make $1,020,000 on the structure if BTC hits $80,000 by November 29 – excluding any gains from the eBTC collateral,” Nick Forster, co-founder of Derive told CoinDesk in an email. Source

Predictions Of Cycle Top And Next Bear Market Bottom

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Este artículo también está disponible en español. As Bitcoin (BTC) experiences a minor correction, trading below the critical $66,000 support level after several unsuccessful attempts to breach the $70,000 mark, analysts observe significant technical indicators that may signal future price recoveries.  Notably, BTC’s weekly Moving Average Convergence Divergence (MACD) has turned bullish for the first time since October 2023. This shift in the MACD parallels previous market behavior, particularly the substantial rally in the 2021 bull market. Current Bitcoin Trends Echo 2021 Rally, New ATH Possible Crypto analyst CryptoBullet has…

BTC’s Fall Below $67K Prompts Broad Market Dip

Bitcoin slid below $67,000, prompting a broad decline across the major cryptocurrencies. BTC dropped under $66,500 during the late European morning, around 1.3% lower in the last 24 hours. The broader digital asset market, as measured by the CoinDesk 20 Index, has fallen just over 1.5%. Bitcoin ETFs snapped a seven-day winning streak on Tuesday, losing nearly $80 million. DOGE led the losses among major tokens, falling 3.8%, while ETH and XRP both lost around 1.5%. DOGE had led gains in the previous seven days following a recent endorsement by…

DOGE may lose market share to DeFi altcoin DTX Exchange after US elections

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Dogecoin rose 2.3% to $0.116 as geopolitics calm, but experts warn it may face challenges from DTX Exchange’s $5.3M presale. DOGE’s recent performance and market Dogecoin (DOGE) rose 2.3% to $0.116 on October 15. Market is optimistic as geopolitics calm down. But experts say Dogecoin could be in trouble with DTX Exchange (DTX). DeFi is growing and memecoins like Dogecoin might not be able to keep up. DTX Exchange,…