Analysts Predict Bitcoin Price Could Crash To $40,000, But There’s Good News

Este artículo también está disponible en español. Despite initial expectations of a steady price increase and a robust bull run this year, Bitcoin (BTC) has suffered severe declines, pushing its price below the $60,000 threshold. Due to the cryptocurrency’s prolonged bearish performance, a crypto analyst has warned that Bitcoin could decline even further, predicting a potential crash below $40,000. However, the analyst also provides a silver lining to his bearish outlook, anticipating a major rebound after the decline.  Bitcoin May Be Headed For A $40,000 Crash A crypto analyst known…

Bitcoin Price Under Pressure? Analyst Explains Why Retreat Below $66,000 Is Bad News

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…

Bullish Bitcoin News? US Federal Reserve Set To Implement Three Rate Cuts This Year

As global economic uncertainty looms, Bitcoin (BTC) has experienced increased volatility and is struggling to maintain its footing above critical resistance levels lost over the past month. The largest cryptocurrency on the market remains in a precarious position, but emerging signs could bode well for the BTC price and the broader crypto ecosystem. Fed’s Rate Cuts Signal Hope For Bitcoin Price Recovery One promising development is the possibility of further interest rate cuts by the US Federal Reserve (Fed) later this year. According to market expert Walter Bloomberg, Goldman Sachs…

The Fed’s Rate Cut Cushion Is Good News for Crypto

The red line is the difference in the spread we discussed above. Notice to the far right, in June 2022, the real rate of interest was -8.3%. In other words, policy was so weak, it had no effect on prices. At the time, the effective fed funds rate was close to zero while inflation growth peaked at 9.1%. So, shortly thereafter, the Fed started a series of aggressive rate hikes to get price growth back under control. Source

Curve DAO token flips 50 EMA following ecosystem news

The Curve DAO price rose for the second consecutive day after developers reduced the token emissions. Curve (CRV) token jumped to a high of $0.3161, its highest level since July 15 and 77% above its highest point since Monday, Aug. 6. This rebound occurred as Bitcoin (BTC) and other altcoins pulled back. Some of the worst performers on Tuesday were Sui (SUI), Dogwifhat (WIF), and Aptos (APT). In an X post, Curve DAO developers noted that they will reduce emissions, marking the fifth consecutive year of reductions. They stated that…

Is the Eth ETF launch a “sell the news” scenario?

Spot Ethereum Exchange-Traded Funds are set to debut on July 23, following the SEC’s rule change over two months ago. According to a report by Kaiko, the initial inflows to these Exchange-Traded Funds (ETFs) will most likely affect Ethereum’s (ETH) price. However, whether the effect will be positive or negative is still up for grabs. “The launch of the futures based ETH ETFs in the US late last year was met with underwhelming demand, said Will Cai, head of indices at Kaiko. “All eyes are on the spot ETFs’ launch…

Solana Developer Shares “Big News” That Could Send The SOL Price Flying

Mert Mumtaz, CEO of Solana’s development platform Helius Labs, recently shared “big news” that presents a bullish outlook for the Solana ecosystem. This development could also positively impact Solana’s price, which has recently been on a downtrend.  A New Dawn For Solana Mumtaz mentioned in an X (formerly Twitter) post that “ZK compression” is being introduced directly on the Solana network without requiring layer-2 networks. He claimed that this changes everything and every impression one has about Solana and scaling layer-1 networks. Mumtaz further explained what the ZK compression is…

What’s Next for Bitcoin Price (BTC) After Mt. Gox News

Thorn said his research suggests 75% of creditors will be taking the “early” payout in July, meaning a distribution of about 95,000 coins. Of that, Thorn believes 65,000 coins will be going to individual creditors, but he thinks they may prove more “diamond-handed” than most expect. Among the reasons, he said, is that they’ve already resisted years of “compelling and aggressive offers from claims funds,” not to mention the capital gains taxes involved given bitcoin is up 140-fold since the bankruptcy. Original