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U.S. officials have reached a settlement with GSB Group head Josip Heit over an alleged $1 billion illicit cryptocurrency scam. The five states took this action in an effort to recoup investment funds totaling millions of dollars. To safeguard financial market investors, authorities throughout the world, including those in the
Fantom (FTM), Bittensor (TAO) and Aave (AAVE) are among the biggest gainers in the past 24 hours. The altcoins are seeing the most upside action in the top 100 coins by market cap as of 4pm ET on September 9. Meanwhile, Bitcoin (BTC) has bounced above $57,000 after revisiting sub-$54k over the weekend. FTM, AAVE […]
The post FTM, AAVE, TAO see double-digit gains as Bitcoin retests $57k appeared first on CoinJournal.
With its overall market valuation down about 30% from its March 2024 record of $2.89 trillion, the cryptocurrency market is reaching a turning point. Investors are worried as the market cap as of September 8, 2024, is $1.93 trillion. Nonetheless, a recent BTC price forecast indicates that Bitcoin is anticipated to rise by 83.70% in the next three months, indicating possible comeback. Related Reading: Helium (HNT) Network Expansion Fuels 13% Gains Despite Faltering Market Although Bitcoin has lost a quarter from its all-time high of $74,000, analysts like Alan Santana think a major comeback is just around the corner. The latest forecast of the BTC price by CoinCheckup, on the other hand, show that Bitcoin will surge 80% in the next three months and hence may also reflect its possible comeback. Now changing hands at $54,320, Bitcoin has shed 25% off its peak of $74,000, but it is due for a sharp rebound, Santana said. When Will Bitcoin Hit $100,000? New ATH & More (The Greatest Cryptocurrency Analysis On Earth!) #Bitcoin Bitcoin is going to hit $100,000 in 2025… I am going to breakdown how everything will develop in a few minutes. How are you feeling in this beautiful Saturday/Sunday? pic.twitter.com/xNaZSBOfKx Alan Santana (@lamatrades1111) September 8, 2024 Santana thinks that Bitcoin could reach $100,000 by the year 2025. The ongoing correction does not deter the analyst from being so optimistic in regards to the long-term outlook for the top crypto. At the same time, he warns that this downtrend is not over yet, and investors should expect some turbulence before seeing a more sustained uptrend. Market Sentiment And Short-Term Outlook Bitcoin is currently 44% below its estimated value for next month, the latest forecast shows. However, a short-term uptrend is seen in the next seven days. Over three months, Bitcoin is predicted to shoot up by 83%, showing signs of recovery from its poor performance lately. Santana believes that though the price movement for Bitcoin will not be fast, it would stabilize the market after surviving fluctuations and swings. Bitcoin will advance relatively slowly across the remainder of 2024, and this would give altcoins room to start to outperform BTC in the interim. That said, altcoins might also supply larger returns for investors looking beyond Bitcoin’s gradual recovery once the market enters its accumulation phase late in the year. Other Coins To Surpass Bitcoin? Although Bitcoin could still remain the top crypto, some altcoins like Ethereum might shine in the not too distant future. It does have an upside, though, if certain market conditions move in its favor. This could open a window of opportunity for other cryptocurrencies that may perform better than Bitcoin as investors begin to diversify their portfolios. Related Reading: Ether Liquidity Plummets 40% On Exchanges After ETF Debut Long-Term Predictions: A Slow Climb To $100K Long term forecasts for Bitcoin would show ongoing acceleration of growth. Forecasts call for a 91% rise in six months, so early in March or April of 2025 Bitcoin might get to $100,000. This, according to Santana, is not an overnight jump but rather an upward trend due to improving market conditions and institutional interest. A new all-time high by late 2025 most likely falls between $150,000 and $220,000 depending on factors including inflation and market mood. Though the long-term projections are favorable, Santana urges caution about near future activity since volatility is still high and this current market slump has not yet fully run its course. Featured image from Pexels, chart from TradingView
On September 6, Bitcoin broke below its key support range of $55,724 to $73,777, triggering a sharp decline to an intraday low of $49,000, last seen on August 5. The cryptocurrency market experienced a major downturn, with BTC plunging to a one-month low of approximately $53,000, fueling bearish sentiment across the market. This drop led […]
The post Bitcoin Technical Analysis Report | 9th September 2024 appeared first on ZebPay.
Recent data from IntoTheBlock reveals a significant shift in Bitcoin ownership dynamics. Addresses holding between 100 and 1,000 BTC now control 20.3% of the circulating supply, equivalent to approximately 4.01 million BTC. This represents a notable 5% increase from 3.82 million BTC just six months ago, indicating a robust accumulation trend among large holders in […]
The CIO rebutted a more bearish take by investment researcher Jim Bianco, who noted that 85% of Bitcoin ETF uptake is NOT from tradfi institutions.
Bitcoin and crypto institutional product outflows underscore what is becoming a standard September for BTC price performance.
Matthew Sigel, Head of Digital Assets Research at VanEck, refuted previous assertions made by Bernstein that the US election would directly affect Bitcoin. Investors are taking notice of this counterargument, which downplays the impact of the 2024 US presidential election on the BTC surge. Sigel made an interesting observation on
BTC, the largest cryptocurrency by market cap, has bounced back from the $52.62K support level on Friday, showing…
Amid the current market sentiment, Metaplanet, a Japanese corporation, revealed ambitions to buy additional Bitcoin (BTC). Members of the eleventh series of stock purchase rights were notified by the corporation. As investors focus on macroeconomic variables, speculations about the price of Bitcoin are sure to continue in the next weeks.
Over the last eight days, a total of $1.2 billion has been removed from eleven different spot bitcoin exchange-traded funds (ETFs) in the US. According to Bloomberg statistics released on September 9, investors pulled about $1.2 billion out of the eleven spot Bitcoin (BTC) exchange-traded funds (ETFs) from August 30
"I'm getting excited about the $ETH chart. The bullish divergence is still valid and a higher low has been made," one popular analyst said.
The meme coin market has seen many entrants, with each trying to capture the excitement and attention of crypto investors. Among these, Mpeppe (MPEPE) has rapidly risen to prominence, surpassing meme giants like Brett (BRETT) and Pepecoin (PEPE). The question on everyones mind is: why has Mpeppe (MPEPE) become bigger than its competitors in such [...]
The post Why Has This New Casino Cryptocurrency Coin Became Bigger Than Brett (BRETT) and PEPE? appeared first on Crypto Breaking News.
Experts continue to see substantial potential in Bitcoin, even as its price has experienced significant volatility in recent weeks, dropping…
The post Bitboy Boldly Predicts Bitcoin Cycle Top at $146,641 Despite Ongoing Turbulence first appeared on The Crypto Basic.
Recent data indicates that Bitcoin Exchange-Traded Funds (ETFs) have experienced a notable drop in total assets, falling to $46 billion. …
The post Bitcoin ETFs Slip to $46B, Sparking Debate on TradFi Adoption Hopes first appeared on The Crypto Basic.
Binance, the largest crypto exchange, has recently published details concerning assets it holds for users in line with its ongoing…
The post Bitcoin, XRP, and Shiba Inu Deposits Fall on Binance Amid Shift to Stablecoins first appeared on The Crypto Basic.
Ethereum price is attempting a recovery wave above $2,280. ETH must clear the $2,360 resistance to continue higher in the near term. Ethereum is attempting a recovery wave from the $2,150 zone. The price is trading below $2,320 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with [...]
The post Ethereum Price Recovery May Stall Near 100-SMA: Is a Drop Coming? appeared first on Crypto Breaking News.
Finncil dvisr Suz Ormn, rnownd uthor nd host of th “Womn & Mony” podcst, rcntly ndorsd Bitcoin ownrship, but with msurd cution. In n intrviw with CNBC, Ormn, who hostd Th Suz Ormn Show from 2002 to 2016, dvisd tht individuls should considr dding BTC to thir portfolios, though only wht thy r comfortbl losing. […]
Bitcoin price remained supported near the $52,500 zone. BTC is recovering losses and facing hurdles near the $55,200 and $55,500 levels. Bitcoin is struggling to recover above the $55,500 zone. The price is trading below $55,200 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $55,200 [...]
The post Bitcoin Price Rebounds, But Could the Downtrend Return? appeared first on Crypto Breaking News.
Michael Saylor, the co-founder and chairman of MicroStrategy, sets an ambitious target for Bitcoin (BTC), the worlds largest cryptocurrency by…
The post MicroStrategy Chairman Michael Saylor Sees Bitcoin Hitting $13,000,000 first appeared on The Crypto Basic.
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