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CATEGORY: market news


Bitcoin To Break $100K By 2025? Experts Weigh In On Potential New ATH

Author: Christian Encila
United Kingdom
Sep 10, 2024 12:05

Bitcoin To Break $100K By 2025? Experts Weigh In On Potential New ATH

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

Sep 10, 2024 04:10

VanEck Exec Refutes Claims on US Elections Impact on Bitcoin Price

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

Sep 10, 2024 04:10

Crypto Investment Products Face $726M Outflow Amid Bearish Outlook

The latest data from CoinShares shows that cryptocurrency investment products had another rough week, with $726 million leaving the market. Crypto investment products have seen the biggest outflow observed since March 2024, according to CoinShares’ head of research James Butterfill’s latest “Digital Asset Fund Flows Weekly Report” published on September

Sep 10, 2024 04:10

Investors Brace for Upcoming US CPI Data Amid Market Uncertainty

Following a disappointing August employment report that hinted at the US economy’s continued vulnerability to a recession, Bitcoin’s (BTC) value fell below $54,000 over the weekend. However, it has since recovered and is again trading around $56,000. Crypto equities have also seen a significant recovery, similar to the price of

Sep 08, 2024 05:50

Ether Liquidity Plummets 40% On Exchanges After ETF Debut

Liquidity of Ether on US exchanges has plunged as much as 40% since the first spot Ether exchange-traded funds entered the market on July 23, 2024. That is a move rather expectedly coming for traders and analysts that had previously viewed the ETFs as a means to improve market liquidity and therefore stabilize prices. Instead, [...]

The post Ether Liquidity Plummets 40% On Exchanges After ETF Debut appeared first on Crypto Breaking News.

Sep 09, 2024 05:50

Dogecoin Price Prediction: Extended Consolidation Or A Break Below/Above?

Dogecoin has had its ups and downs in the past seven days: from breaking down below a support at $0.095, to bouncing back up and hitting notable resistance at $0.099. Following this brief rally, Dogecoin experienced another downward shift as the bulls were unable to maintain the momentum. It dropped once again, breaking through several [...]

The post Dogecoin Price Prediction: Extended Consolidation Or A Break Below/Above? appeared first on Crypto Breaking News.

Sep 08, 2024 05:50

Helium (HNT) Network Expansion Fuels 13% Gains Despite Faltering Market

Helium (HNT) defeats the markets bearishness as its new developments drive hype for the long term. According to CoinGecko, HNT rose by 13% despite the markets continued fall in the short term. HNT has been boosted by continued on-chain developments that have driven the limelight towards the platform. However, with the market dips continuing to [...]

The post Helium (HNT) Network Expansion Fuels 13% Gains Despite Faltering Market appeared first on Crypto Breaking News.

Sep 09, 2024 05:50

Traders Move $4.7 Billion To Stablecoins Amid Crypto Market Uncertainty Details

The crypto market is experiencing a notable shift in liquidity as investors acquire massive amounts of stablecoins due to market uncertainties in the last few months. CryptoQuant analyst with username Percival has provided more insights into this trend of capital rotation. Open Interest In Crypto Market Shrinks As Stablecoins See Liquidity Influx Following a rather [...]

The post Traders Move $4.7 Billion To Stablecoins Amid Crypto Market Uncertainty Details appeared first on Crypto Breaking News.

Sep 08, 2024 12:05

Heres Why Bitcoin Price Crashed Below $54,000

The Bitcoin price dropped below $54,000 on September 6 as the flagship crypto experienced a massive wave of sell-offs from traders. This price decline was sparked by developments on the macroeconomic side, which painted a bearish outlook for Bitcoin.  Related Reading: Cardano Bull Sees ADA Jumping 1,000% In An Insane Rally Bitcoin Slides Following Weak Job Report Bitcoins price retreated following a weak August job report. Data from the US Bureau of Labor showed that the unemployment rate fell to 4.2% while the labor market added 142,000 nonfarm payroll jobs. While the unemployment rate was in line with expectations, the job additions were lower than the expected 164,000, initially estimated by market experts.  This further casts doubt on Bitcoins trajectory, considering how fragile the US economy looks at the moment. This poses a threat to risk assets like the flagship crypto. The bearish outlook for Bitcoin was further heightened by the revisions to the July and June job reports, which showed that the US added fewer jobs than was initially reported in those months.  Earlier, Bitcoin had already had an unpleasant start to September, which is historically very bearish for the leading crypto. NewsBTC reported that Bitcoin had suffered a price crash earlier in the week due to the markets still feeling the effects of the Yen carry trade and following significant volatility in the US stock market, with over $1.05 million being wiped out on September 3.  Macroeconomic factors remain primarily responsible for Bitcoins recent bearish price action and the broader crypto market, especially with a rate cut from the US Federal Reserve still in the balance. It is worth mentioning that the July job reports (the lowest job additions over the last two years) and the Yen carry trade were responsible for the August 5 market crash, which caused Bitcoin to drop below $50,000.  Interestingly, Arthur Hayes, the co-founder of the BitMEX crypto exchange, stated that he expects Bitcoin to drop below $50,000 this weekend, revealing that he had opened a short position.  A Rate Cut Looking More Unlikely  For a while now, the crypto market has been anticipating that the Fed will cut interest rates at its next FOMC meeting, which will be held between September 17 and 18. Bernstein analysts predicted that this move would provide some form of bullish momentum for Bitcoins price. However, a rate cut, especially by 50 basis points (bps), is now unlikely following the release of the job data. Crypto commentator The Kobeissi Letter highlighted in an X (formerly Twitter) post that the odds for a 50bps have dropped to 23% on the prediction markets. The Fed might no longer be in a hurry to cut rates since the situation in the labor market isnt as bad as it was initially feared following the release of the July jobs report.  Related Reading: Aptos (APT) Dips 15% As New Innovations Fail To Spark Momentum Whatever happens, crypto analysts like CryptoCon are confident that the worst is almost over for Bitcoin. CryptoCon recently noted that Bitcoin was mirroring its price action from the 2016 market cycle and suggested that the flagship crypto was gearing up for its next leg up, which would take it to a new all-time high (ATH).  At the time of writing, Bitcoin is trading at around $54,150, down almost 4% in the last 24 hours, according to data from CoinMarketCap.  Featured image from EastMojo, chart from TradingView

Sep 08, 2024 04:10

WisdomTree Halts Ethereum Trust S-1 Filing With SEC

WisdomTree, a prominent asset management firm, has withdrawn its S-1 registration filing for the WisdomTree Ethereum Trust. The firm declared in a filing with the US Securities and Exchange Commission. The S-1 filing was intended to pave the way for WisdomTree’s Ethereum Trust to be listed on the stock exchange.

Sep 08, 2024 05:50

Starknet (STRK) Rises 23%, Offsets Crypto Market Fear And Doubt

Although the market dips even further after weak macro releases, Starknet (STRK) remains bullish with developments that offset the markets fear, uncertainty, and doubt. According to CoinGecko, STRK rose nearly 23% since last week, keeping much of the bearish momentum at bay.  On-chain developments have held investor confidence highly, with a major push for improving [...]

The post Starknet (STRK) Rises 23%, Offsets Crypto Market Fear And Doubt appeared first on Crypto Breaking News.

Sep 06, 2024 04:10

Ethereum Underperforms Bitcoin by Whopping 44% Since The Merge

Analysts claim that since the “merge” to proof-of-stake on the Ethereum blockchain occurred about two years ago, Ether’s performance has lagged behind bitcoin’s by a margin of up to 44%. Almost two years have passed since Ethereum’s upgrade, The Merge, which transitioned to a proof-of-stake network, and next week will

Aptos (APT) Dips 15% As New Innovations Fail To Spark Momentum

Author: Christian Encila
United Kingdom
Sep 06, 2024 12:05

Aptos (APT) Dips 15% As New Innovations Fail To Spark Momentum

Although the market is attempting to rebound from its weak September start, some altcoins – including Aptos (APT) – continue to freefall despite the bulls’ attempts to make a return. According to CoinGecko, APTs current performance is lackluster with the token falling 15% since last week.  Related Reading: Investors Lose Sight Of MATIC As It Drops 16% Ahead Of Network Upgrade Meanwhile, Korea Blockchain Week has generated quite a lot of buzz for Aptos. During this event, several on-chain developments have been revealed. Although positive developments on-chain are a great sign of long-term growth for the platform, investors and traders are still struggling to overcome the markets fear, uncertainty and doubt.  Aptos Continues Drive Down Towards $5.74  As of writing, APT bulls have been aiming to wrestle control of the tokens momentum in the short term. However, the bears are pressing their advantage, targeting $5.74 in the short-term timeframe after flipping the $6.12 support to resistance.  The markets continuous downward trajectory is the primary reason for APTs underperformance. Driven by FUD from the broader financial market that bled to the crypto market, APT might face continued losses in the coming weeks.  APTs relative strength index (RSI) suggests that the tokens downward trajectory will continue well below the $5.74 support level. If this occurs, it might lead to a bigger sell-off localized on APTs market.  This thesis has a larger possibility to occur as CoinGlass notes that short positions outnumber long positions in the past 24 hours further strengthening the tokens bearish trajectory.  Investors and traders should monitor the coming release of macro indicators due today. As the markets continue to price in a broader downturn, positive macros will provide the needed boost for both the traditional markets and the crypto market in the long term. Korea Blockchain Week Reveals New Developments On Aptos The Aptos Experience in Korea Blockchain Week continues to garner the attention of the community. Arculus, a digital security platform, has partnered with Aptos for the platforms Aptos card. This has made tap-to-pay on Aptos possible, improving the utility of the token and the platform itself.  Related Reading: Monero (XMR) Unfazed By Market Jitters, Climbs 13% Details On-chain, Aptos has also expanded since the start of the year. According to the Head of Ecosystem of Aptos Labs Neil Harounian, the platform has recorded $2 billion in bridged volume with the total value locked (TVL) on chain ballooning 3x since the end of 2023. This panel on stablecoin and payments at @Aptos Experience is with panelists from: – @Visa on enabling payments cross-border – @PayPal on the speed and finality of digital payments on Aptos – @IDAfi24 on building regional regulated stablecoin on Aptos Stablecoin summer & pic.twitter.com/R5aeRKMTVn JC | TowneSquare (@realjcz) September 5, 2024 The Aptos Experience also hosted a talk about stablecoins and payments on Aptos. Market giants like Visa and PayPal joined in, providing insight into how stablecoins might be implemented to solve real-world problems.  With the ecosystem continuing to innovate and expand through on-chain development, Aptos could still grab a spot in the long-term side of the market.  Featured image from Medium, chart from TradingView

Sep 06, 2024 04:10

Travala.com Integrates with Skyscanner, Expanding Crypto-Powered Travel Options

Travala.com, a crypto-native travel platform, has announced an integration with the major global travel marketplace Skyscanner. The whole inventory of 2,200,000+ hotels from Travala.com, all of which can be booked using more than 100 cryptocurrencies, is now fully discoverable on Skyscanner’s platforms. As the first cryptocurrency-native platform to be linked with Skyscanner,

Sep 05, 2024 05:50

Monero (XMR) Unfazed By Market Jitters, Climbs 13% Details

A strong outlier in the current market situation, Monero (XMR) moves against the broader downturn that plagues the market. According to CoinGecko, Monero gained nearly 13% since last week, putting the coin under the spotlight as one of the strongest gainers within the bear market.  Moneros simplicity lends itself to its focus on privacy and [...]

The post Monero (XMR) Unfazed By Market Jitters, Climbs 13% Details appeared first on Crypto Breaking News.

Sep 06, 2024 04:10

Nigerias Interest Rates Under Pressure After Fuel Price Surge

The recent hike in the petroleum price by 45% might continue to put pressure on the Central Bank of Nigeria to pause the interest rate hike meeting scheduled this month.   The central bank has raised its interest rate by 15.25 percent since 2022, taking it to a record of 26.75%

Sep 06, 2024 04:10

dWallet Network Rebrands to Pera, Revolutionizing Zero Trust Protocols in Web3

dWallet Network rebranded to Pera yesterday. The project’s growth and emphasis on expediting developer access to Zero Trust Protocols (ZTPs) are reflected in the new name. The platform’s primary purpose of securely maintaining digital assets across many networks is still unaltered, and the dWallet primitive continues to be the fundamental building

Sep 06, 2024 05:50

KAMA Memecoin Soars 10% Following Putins Endorsement Of Kamala Harris

A Kamala Harris-inspired memecoin recently jumped over 10% after the US Vice President received public endorsement from Vladimir Putin. The Russian president expressed his support for the Democratic candidate on Thursday, fueling a surge in the PolitiFi tokens activity. Putin Endorses Kamala Harris’ Campaign As the US elections get closer, the presidential candidates continue to [...]

The post KAMA Memecoin Soars 10% Following Putins Endorsement Of Kamala Harris appeared first on Crypto Breaking News.

Sep 04, 2024 05:50

RENDER Flashes Red With 18% Short-Term Loss Details

Bearish sentiment remains supreme in the market today as RENDER flashes red, losing more value on the weekly timeframe. According to CoinGecko, the token bled by 18% since last week, continuing the bearish market consensus. With the market continuing to underperform, the altcoin might be on the pain train in the next couple of weeks. [...]

The post RENDER Flashes Red With 18% Short-Term Loss Details appeared first on Crypto Breaking News.

Sep 05, 2024 05:50

Investors Lose Sight Of MATIC As It Drops 16% Ahead Of Network Upgrade

MATIC suffers another string of losses as the broader market pullback forces the bulls to the defensive. According to CoinGecko, the Polygon Network native coin has bled 16% more since last week as the bears reverse gains made back in August. This move occurred despite Polygon Networks upcoming upgrade that switches MATIC to POL, improving [...]

The post Investors Lose Sight Of MATIC As It Drops 16% Ahead Of Network Upgrade appeared first on Crypto Breaking News.

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