Analysts and investors are debating the possible future of Bitcoin Price Drop in light of its recent price fall. Bitcoin’s price movement has halted after momentarily retesting $99,000, prompting speculation as to whether this is the beginning of a more extensive sell-off or a transitory lull in the cryptocurrency’s upward trajectory. Analysts Highlight BTC Price Key Levels The $96,000 mark has been a focal point for crypto traders. According to him, if the price of Bitcoin drops below this mark, the next two important levels would be $90,000 and $85,000. Traders often use past Fibonacci levels of retracement to explain…
Author: Ali Raza
Bitcoin (BTC), the most valuable cryptocurrency in the world, was extremely volatile after the Federal Reserve’s (Fed) most recent monetary policy decision, falling briefly below the $100,000 psychological level before making a full comeback. As investors process the Federal Reserve’s more cautious approach to rate decreases in 2025, the price action reflects broader market anxiety. Bitcoin Down? $100K Secured Bitcoin fell nearly $10,000 from its latest all-time high of $98,760. As market investors changed positions after the Fed’s aggressive guidance, risk assets sold down. Cryptocurrency prices reflect the intricate relationship between monetary policy and digital asset valuations. The Fed’s cautious…
Strong investor interest is evident from the two weeks of sustained inflows observed by Bitcoin and Ethereum spot exchange-traded funds (ETFs). This occurs when Bitcoin’s price remains hovering around $100,000. After 15 days of net inflows, Bitcoin spot ETFs saw a net inflow of $275 million on Wednesday. Sosovalue data shows that the leading ETF was BlackRock’s IBIT ETF, which received $360 million in net inflows. ETFs See 18 Consecutive Days Ethereum spot ETFs, meanwhile, attracted investors’ attention with massive inflows. Net inflows of $2.45 million into Ethereum spot ETFs were recorded on Wednesday, continuing a streak of 18 days of…
Bitcoin bull and MicroStrategy Chairman Michael Saylor explains how and when Bitcoin could reach his lofty price prediction. Despite numerous long-term optimistic Bitcoin price predictions, Michael Saylor’s projection stands out as the most audacious. Bitcoin May Reach $13 Million by 2045 At the July 2024 Bitcoin 2024 conference in Nashville, MicroStrategy’s executive chairman shocked many by forecasting Bitcoin would be worth $13 million. He recently revealed when and how this could happen. Saylor predicts Bitcoin will reach $13 million by 2045. The famed Bitcoin evangelist revealed this on Tuesday, December 17, during an Impact Theory podcast episode regarding his July…
The bitcoin price has dropped below the $104,000 mark, signaling a possible retest of the $100,000 psychological mark due to a breach of the support trendline. Bitcoin has lost support above the $104,000 level following a rapid 2.75 percent decline the previous day. The market value is still $2.052 trillion, and the current price of Bitcoin is $103,674. The recent increase in supply has redirected focus to a critical support trendline, which may indicate an extended correction. Can we expect a breakdown of $100,000 due to the downward trend? Bitcoin Price Analysis The price behavior of Bitcoin on the 4-hour…
As we near the year’s end, institutional investors continue to pour money into Bitcoin, driving its ratio versus gold to historic highs. Bitcoin’s recent breakout has just pushed this ratio even higher. The ratio, which indicates the amount of gold that one Bitcoin can purchase, hit new heights on Monday, increasing to 37.3. One Bitcoin can now buy almost 37 ounces of gold, a record high. “Reaching a new peak indicates the ongoing acceptance and development of Bitcoin as an asset class,” Maple Finance’s CEO and co-founder Sidney Powell told Decrypt. We anticipate a catch-up in the ratio due to…
In its first-year report, “From Chaos to Clarity,” the analytical arm of algorithmic trading company Presto sheds light on the tumultuous rollercoaster of 2024 crypto trends and makes some bold predictions for 2025. According to Presto Research’s analysis, meme coins were the unsung heroes of the cryptocurrency market’s wild ride last year. Astonishing rises of 6,118% and 1,231%, respectively, sent tokens like PEPE and OM into space. Investor Sustainability and Tokenization On the other hand, the analysis shows that the coins backed by venture capital did not meet expectations, indicating a shift in investor sentiment. A new energy has emerged,…
The cryptocurrency market reaches new heights as Bitcoin breaks $106,000, driven by increasing demand and institutional interest in digital assets. To the surprise of investors and cryptocurrency fans, Bitcoin has broken through the $10,000 mark, establishing a new benchmark. This milestone is significant because it revitalizes the cryptocurrency sector and sets a new standard for Bitcoin’s value. Besides being a significant price milestone, the surge above $10,000 proves that Bitcoin has what it takes to become a major player in the global financial system. In light of this extraordinary rise, this essay will analyze what went wrong, what it means…
Bitcoin has maintained a small but steady market cap An Ernst & Young consultant predicts that Bitcoin will continue to have a high long-term price in 2025, even though price variations and volatile markets can endure for weeks. Continued purchasing pressure from investors is at a higher range, as seen by a daily candle of over $95,000 every day since November 27. Bitcoin targets $173K–$461K in 2025 Researcher Danny Marques of the Bitcoin mining sector recently brought attention to a study that analyzed the three bull cycles that have occurred so far. This research considers Bitcoin’s performance after the halving…
Due to the presidential election, the social media platform may have attracted some X users in the United States, as its user count has nearly doubled since November. With over 25 million members, the social networking website that Jack Dorsey launched (together with Twitter) has sparked many questions about the platform’s content, moderation, and tone, especially since some users have abandoned or deleted their X accounts. BlueSky Reaches 25 Million Users, Surpassing X Growth As of December 12th, BlueSky Hits total user count has surpassed 25 million, which is twice as many as the platform had during the US election…