Author: Maria
In a dramatic gesture that reinforces its stance on Bitcoin, El Salvador has bought 11 BTC for its national reserves, which now amount to 6,044 units. The move follows an agreement with the International Monetary Fund (IMF) for $1.4 billion, whose conditions include a reduction in some of the policies concerning Bitcoin. Still, the Central American country has not relented on the cryptocurrency. IMF Deal Brings New Challenges The IMF loan deal comes with some strings. El Salvador agreed to make acceptance of Bitcoin voluntary on the part of the private sector–a step back from an earlier directive compelling businesses…
Several Ethereum key metrics are witnessing a positive sentiment following a renewed upward momentum in the digital asset’s price. Favorable macroeconomic and market conditions are believed to have bolstered the uptrend in ETH’s price and market dynamics, reflecting the potential for more price growth. Bullish Sentiment Building For Ethereum Amidst improving conditions, an encouraging trend has been spotted in Ethereum’s recent market dynamics. Recent data shows that ETH’s funding rates have experienced a notable uptick, signaling growing optimism among investors and traders. Market expert and host of the Crypto Banter Show Kyle Doops reported the positive development on the X…
In a thread on X today, January 20, Dennis Liu (@VirtualBacon0x), a general partner at Momentum 6, laid out a bold forecast for Ethereum (ETH), suggesting the world’s second-largest cryptocurrency could reach a price target of $14,000 by the end of 2025. Liu also contends that the next six months will be pivotal, highlighting ETH’s potential to “dominate the market” through June. “Ethereum is about to dominate the market, you don’t want to miss this window,” Liu wrote. “Ethereum has been lagging behind Bitcoin this cycle, but that’s about to change. I believe ETH will shine in the next 6…
Amidst a strong resurgence of the general crypto market, Ethereum has gained traction as evidenced by a rebound from the $2,900 threshold. Recording an over 10% upswing in the last few days, ETH continues to maintain its position as a leading crypto asset capable of witnessing significant growth in the ongoing bull cycle. Strong Momentum Building Up For Ethereum Ethereum’s price action shows that the digital asset could be poised for an extension of its recent upward movement. Delving into ETH’s recent performance, Rose Premium Signals, a technical analysis platform cites an optimistic chart pattern that might bolster the altcoin…
It’s been an interesting past 24 hours for the cryptocurrency industry and market, with the United States president-elect Donald Trump launching his own meme coin “Official Trump” (TRUMP). The Solana-based meme coin’s value has skyrocketed by more than 500% in the past 24 hours, with a market cap of over $5 billion. Ethereum (ETH) price, on the other hand, has struggled to keep up pace with the market, failing to capitalize on its newly found bullish momentum. What can investors expect from the “king of altcoins” in the first few months of 2025? Overview Of ETH’s Historical Q1 Performance In…
Bitcoin (BTC), the flagship crypto asset, presently trades above $104,000 following a significant 10.98% price rally in the last week. Despite recent sideways movements after a rejection in the $105,700 zone, certain trading indicators signal this uptrend is likely to continue leading to new price discovery. Bitcoin Growth Hinges On Two Critical Resistance Levels In a recent post on X, renowned crypto analyst Burak Kesmeci shared an interesting forecast on the BTC market based on the Bitcoin Gold Ratio Multiplier. As the name implies, the Bitcoin Gold Ratio Multiplier measures the relation between BTC’s price and the value of gold,…
After making Bitcoin a part of its national financial policy, El Salvador is ready to take its blockchain aspirations to the next level. According to Max Keiser, a senior Bitcoin advisor to President Nayib Bukele, the government plans to deploy a Bitcoin node in every household. Keiser shared this bold policy plan through his Twitter/X handle, saying that it’s one of President Bukele’s visions for the new year. He said Bukele’s government is positioning El Salvador to become a decentralized nation-state, with Bitcoin as one of its main currencies, where its people can experience “true freedom.” Keiser revealed that one…
Crypto analyst Burak Kesmeci has recently shared another bullish prediction on Bitcoin (BTC), indicating the maiden cryptocurrency may be on an uptrend for the foreseeable future. In the meantime, BTC continues to hover around $104,000 showing no significant movement over the past day following a strong price recovery in the past week. Bitcoin NVT Golden Cross Nears Local Bottom, Price Uptrend Secured In an X post on January 18, Kesmeci provided valuable insights on the Bitcoin market using the Bitcoin NVT Golden Cross metric. For context, the Bitcoin Network Value to Transaction (NVT) is a basic ratio of the asset’s…
Ethereum has navigated a week of intense volatility, capturing the attention of traders and investors alike. The cryptocurrency experienced a sharp drop below the $3,000 level early in the week before staging an impressive recovery to reach highs of $3,500. Now, Ethereum sits at a pivotal price point around $3,300, as market participants assess the next potential move. Adding to the intrigue, top analyst Ali Martinez shared data highlighting significant accumulation activity in the Ethereum market. According to Martinez, whales have accumulated over 330,000 ETH in the past week alone, signaling strong confidence from large holders. This trend suggests that…
The Bitcoin price appears to have finally started recovering strongly in the past few days, breaking through the $100,000 ceiling on Thursday, January 16. The premier cryptocurrency didn’t stay more than a day above this level the last time it surpassed a six-figure valuation. However, the price of Bitcoin has returned to as high as $105,000 this time around, its highest level so far in 2025. Interestingly, it appears that this might only be the beginning of an even bigger rally for the Bitcoin price over the next 12 months. Is 2025 The Peak Year For Bitcoin Price? In its…