Author: Maria

Despite seeing multiple crashes over the last few months, the expectations for the Bitcoin (BTC) price remain incredibly high following a spike in exchange-traded fund (ETF) inflows. Leading this forecast is crypto analyst Micky Bull, who has unveiled another bullish prediction, putting the BTC price above the coveted $100,000 mark. Bitcoin ETFs Positive Inflow To Trigger Bitcoin Price Surge The U.S. spot Bitcoin ETFs saw positive inflows of $39.02 million on September 12, 2024, marking a reversal from previous low volumes. Conversely, Ethereum ETFs experienced a net outflow of $20.14 million, with some ETFs registering no change. Source: Spot On…

Market participants are eagerly awaiting the upcoming Federal Open Market Committee (FOMC) meeting, which is expected to play a crucial role in shaping the short-term outlook for Bitcoin and other digital assets. The spotlight is on the potential for an interest rate cut, and many traders and investors have been speculating about it for some time now. Although the exact magnitude of the rate cut has not yet been confirmed, there is widespread anticipation that the FOMC will opt for either a 25-basis point reduction or a more substantial 50-basis point cut. According to a prominent economist, FOMC’s decision could…

According to data from CoinMarketCap, Bitcoin (BTC) appears to have finally found some stability in September, recording a price gain of nearly 13% in the last week. Interestingly, crypto analyst Burak Kesmeci has unveiled a certain condition behind this price rise which could prove vital in initiating a market bull run. Bitcoin Bulls Dominance Strengthens, Network Address Nears 350,000 Level On Friday, Kesmeci shared via an X post detailing how the number of new Bitcoin addresses per day is a strong indicator of price movement. With respect to recent price gain, the analyst noted that new Bitcoin addresses have been…

Ethereum is struggling to break through key resistance levels, even after the recent crypto market surge led by Bitcoin. While ETH’s price remains under pressure, there’s encouraging news for investors. Recent data from IntoTheBlock highlights Ethereum’s continued dominance in decentralized exchange (DEX) volume, reinforcing its position as a major player in the DeFi space.  This insight is vital for those concerned about Ethereum’s price underperforming compared to Bitcoin and other altcoins. The data suggests that despite the current price struggles, Ethereum’s network remains robust and highly utilized, especially in DeFi.  This broader market perspective can help investors stay informed and…

Six-time NBA champion Scottie Pippen is again hogging the headlines, this time for being very bullish on Bitcoin. On Wednesday, the Chicago Bulls star Pippen took to his more-than-674,400 X (previously Twitter) followers and said: “Bullish on Bitcoin” with the hashtag #BeLikeSatoshi. Since then, this has become a hot topic of discussion among his supporters within the cryptocurrency sphere. Pippen’s Bitcoin Dream And Price Predictions What is even more interesting in Pippen’s statements are the fact that he related them to Satoshi Nakamoto, the pseudonymous founder of Bitcoin. In the earlier tweet, Pippen seemed to have claimed that in one…

Popular analyst Justin Bennett has explained why the Bitcoin four-year cycle might be over for the foreseeable future. He indicated that the crypto’s projected price surge in this market cycle might not happen as planned and that Bitcoin could suffer a severe price crash soon enough.  Why The Bitcoin Four-Year Cycle Might Be Over In an X (formerly Twitter) post, Bennett asserted that Bitcoin follows business cycles while explaining why the leading crypto might be on the verge of a new era. He noted that the leading crypto has been following the perfect four-year cycles since its inception, witnessing two…

Following the release of the Consumer Price Index (CPI) data for the month of August, the Bitcoin price saw a major rebound. From trending around the $55,000 level, the price has since recovered and bulls continue to fight to turn the $58,000 resistance into support. However, despite the strength being shown by Bitcoin during this time, there is still skepticism surrounding the recovery. Mainly, the questions have been on whether this is a true recovery or if the BTC price is headed for further decline. CPI Brings Fresh Hope The Consumer Price Index (CPI) data represents how much consumers are…

The difficulty in mining Bitcoin has surged to a new record level, hence squeezing profit margins. Reaching 92.67 trillion, the difficulty index exceeded the previous record peak of 90.67 trillion set in July this year. This 3.6% rise represents the increased competitiveness resulting from record-breaking hashrate values. It emphasizes how resilient and secure the network is becoming since mining Bitcoin calls for more computational capability. Source: CoinWarz Miners Liquidating Their Bitcoin Holdings Interestingly, since September 8, miners have sold almost 30,000 Bitcoin, worth around $1.71 billion. This significant sell-off points to possible problems with liquidity or worries about future price…

Legendary crypto analyst, Benjamin Cowen has expressed confidence that Ethereum (ETH), the world’s largest altcoin, could outperform Bitcoin (BTC) soon. This optimistic projection comes as both leading cryptocurrencies experience significant price fluctuations, however, Cowen foresees Ethereum’s current downtrend concluding by year’s end, setting the stage for a resurgence.   Ethereum On Track To Outperform Bitcoin In a recent interview on the Bankless podcast, Cowen provided an in-depth analysis of current crypto market conditions, emphasizing Bitcoin and Ethereum price movements compared to previous bull cycles. The analyst offered insights into Ethereum’s outlook, believing that the cryptocurrency will outperform Bitcoin in the next…

Ethereum is under pressure at spot rates. As of September 12, the second most valuable coin struggled for momentum and stuck below $2,400. The daily chart shows that ETH is selling off steadily, and the zone between $2,400 and $2,800 is proving to be a strong liquidation region. Ethereum Revenue Falls To May 2020 Levels Beyond price action, something is printing out. According to observers, not only is ETH price dumping but also a notable decline in revenue accompanying the sell-off. At press time, the daily revenue generated by the smart contracts platform is at May 2020 levels. To clarify,…