Crypto asset trading firm QCP Capital has forecasted a potential 60% increase in the price of ether, projecting it could surge to around $6,000 if the U.S. approves spot ethereum exchange-traded funds (ETFs). The prediction coincides with a significant increase in market volatility and intense anticipation leading up to the ETF approval deadline. Notably, major […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Holders cumulatively bought over 100,000 ETH in spot markets on Tuesday, the highest daily level since September 2023. Source
An analyst has explained how Polygon could see a rally of around 17% if the cryptocurrency’s price breaks above this level. Parallel Channel May Reveal What Could Be Next For Polygon In a post on X, analyst Ali has discussed about a parallel channel that Polygon has been consolidating inside during the last few weeks. The “parallel channel” here refers to a technical analysis (TA) pattern that’s drawn using two parallel trendlines. This pattern’s upper line joins successive tops in the asset while the lower one connects bottoms. While the…
Tuesday was also the third day in a row of inflows, marking a break from the general trend of decreasing ETH balance on exchanges, Nansen data shows. The last time ETH experienced consecutive days of inflows to exchanges was in March, near this year’s peak in crypto prices. Source
Institutional investors are doubling their bets on Bitcoin, with investment funds related to the flagship crypto recording massive inflows last week. This development signals a bullish sentiment among these investors which could trigger a Bitcoin rally to $80,000. Bitcoin Investment Funds Record $942 Million In Inflows According to CoinShares’ latest weekly report, Bitcoin investment products recorded a net inflow of $942 million. These inflows are said to have been “an immediate response to the lower-than-expected CPI report on Wednesday,” with 89% of the total flows coming in the latter three…
In a fascinating twist for the Shiba Inu (SHIB) community, the rate at which SHIB tokens are being burned has increased significantly, even as the price of the meme coin shows modest gains. Recent data from the Shibburn explorer indicates a 62.58% increase in the SHIB burn rate over the past 24 hours, with approximately 6.9 million SHIB tokens removed from circulation through 10 separate transactions. Recent SHIB Burn Events And Market Response: A Detailed Analysis Details of the 10 transactions show that the largest single burns were 2.55 million…
Cryptocurrencies jumped in total market cap and 24-hour trading volume on Monday, offering a price boon to several altcoins. CoinMarketCap data showed a 55% jump in daily trading volumes coincided with a 5% increase in the total crypto market cap, placing the entire market above a $2.5 trillion valuation. The move followed last week’s demand surge of spot Bitcoin (BTC) ETFs, which triggered BTC to rally over 11% in the past week and reached a $69,900 price. BTC weekly price chart | Source: CoinMarketCap Altcoins tend to outperform Bitcoin in percentage…
Amidst a significant surge displayed by Dogecoin (DOGE) recently, popular crypto analyst Crypto Daily Trade Signals has identified a symmetrical triangle pattern in the price movements of the crypto asset, indicating a possible continuation of the present rising trend. Based on the expert analysis, Dogecoin, which has attracted a lot of attention and interest from investors lately, may be preparing to build on its current momentum and make more gains. Significance Of Dogecoin Symmetrical Triangle Pattern A symmetrical triangle chart pattern is a consolidation phase that precedes a forced breakout…
According to data from CoinMarketCap, Bitcoin rose by 2.9% on Friday to trade above $67,000 for the first time since April 24. This positive price performance by the maiden cryptocurrency has been attributed to the low inflation levels reported in the latest Consumer Price Index (CPI) data. However, Bitcoin is an asset subject to the influence of several forces. According to a report by blockchain analysis platform LookonChain, BTC may soon experience another price rally following an increase in the supply of a specific stablecoin. Can USDT Replicate Surging Effect…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto market saw a strong recovery today following the CPI report that US inflation is now at 3.4%. Bitcoin pumped 7% to $66k on the news, while some altcoins, such as Fantom (FTM), rose by almost 30%. AI coins also reacted well to this news, with Near Protocol (NEAR), one of the leaders in the AI crypto sector, pumping 17% today. Meanwhile, some low-cap meme coins did well…