The Bitcoin price has experienced a significant decline from its all-time high, raising questions about its potential future prices. In an attempt to forecast these prices, an analyst has developed a model based on historical data. This article analyzes the model’s findings and discusses its limitations in predicting the future of Bitcoin. Bitcoin’s Historical Price
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Despite uncertainties surrounding the XRP token, there are certain macro and micro factors that could potentially influence its price trajectory. On August 17, Judge Analisa Torres granted approval to the US Securities and Exchange Commission (SEC) to file a motion seeking an interlocutory appeal against her ruling. This decision by the court has sparked anticipation
The cryptocurrency exchange scene in Hong Kong has been buzzing with excitement as Hashkey recently announced its support for trading the Avalanche (AVAX) token on its platform. This marks a significant development for Hong Kong’s financial landscape, but there are certain requirements that investors must meet before they can interact with this cryptocurrency on the
The interest of asset managers in Bitcoin goes beyond just exchange-traded funds (ETFs). According to a recent report by Bloomberg analyst Jamie Coutts, asset managers like BlackRock, Vanguard, and State Street have been actively involved in the Bitcoin mining industry for over three years. This involvement, contrary to expectations, does not seem to damage their
Maker DAO’s MKR has experienced a significant push amidst a slight uptick in the broader cryptocurrency market. Yesterday, the token saw a rise from a low of $1,265 to a high of $1,343, showcasing an impressive 5% 24-hour increase. While many tokens struggle to recover, MKR has managed to consolidate its upswing and maintain its
Litecoin (LTC) has been experiencing a period of stagnation in its price movement, with its value consistently hovering around $64. The month of September has predominantly seen bearish market conditions for LTC, influenced by the overall fluctuations in Bitcoin’s price. Despite its reputation for volatility, LTC has been mirroring the sideways movement of the market
Bitcoin price is once again on a downward trajectory as it failed to surpass the $27,500 resistance level. This failure has resulted in a fresh decline with BTC currently trading below $26,500 and the 100 hourly Simple Moving Average. The next support level at $26,000 is at risk of being breached, signifying potential further losses
The past week has been one of caution and quiet for Bitcoin traders, with the price action remaining relatively stagnant. However, the most concerning aspect of this period is the significant decline in trading volumes on both major crypto exchanges and derivatives markets. This begs the question: what implications does this collapse in trading volumes
The cryptocurrency market is currently grappling with bearish conditions, but Polkadot (DOT) remains determined to forge ahead. In a strategic move to push its development forward, Polkadot has shifted its focus from speculation to technological advancements. This new direction was highlighted in recent presentations, where the network showcased its ongoing efforts and ambitious goal of
Chainlink’s LINK price has made a recovery above the $6.50 resistance level. However, the price is currently undergoing a correction, with potential support near $6.40. This could potentially lead to a fresh increase in the price. LINK price is displaying positive signs as it trades above the $6.50 level and the 100 simple moving average
The price of Bitcoin faced a significant rejection as it reached crucial resistance above $27,000, resulting in ongoing selling pressure. Today’s trading session continues to reflect this bearish sentiment. Should buyers fail to defend the current levels, Bitcoin’s price is likely to test critical support. However, data suggests that this action could trigger a potential
Recent events have sparked intense debates and scrutiny within the XRP community, shedding light on a series of high-volume XRP transactions conducted by Ripple Labs. Over a span of 19 days, a total of 506 million tokens, valued at approximately $260 million, were transferred in 15 significant transactions. What sets these transactions apart is not
Bitcoin has been capturing the attention of investors and the mainstream media due to its recent price movements. After reaching a local low below $25,000 in September, Bitcoin has been trending upwards. In this article, we will dive into a comprehensive analysis of the Bitcoin market using data from Glassnode, a leading on-chain analytics firm.
The financial landscape is undergoing significant changes, and the traditional banking system is facing competition from emerging technologies like Bitcoin. Recently, Jordan Peterson, a renowned clinical psychologist and best-selling author, suggested that customers should consider adopting Bitcoin and abandon the banking system. This call to action was prompted by a news report highlighting Macquarie Bank’s
It has been a year since the Merge took place, and the world’s second-largest cryptocurrency, Ethereum, has undergone significant transformations. This article delves into the various changes and developments that Ethereum has experienced since the Merge, shedding light on its progress in a dynamic crypto landscape. Among the noteworthy changes post-Merge, one significant development is
In a surprising move within the unpredictable cryptocurrency market, popular US-based trading platform Robinhood has made a significant increase in its Shiba Inu (SHIB) token holdings. Despite the recent downturn experienced by the native token of the Shiba Ecosystem, Robinhood has added over 800 billion SHIB tokens to its portfolio, solidifying its position. This daring
Binance.US, the American affiliate of cryptocurrency giant Binance, finds itself trapped in a tempest of legal challenges and a wave of executive departures. As regulatory scrutiny intensifies, the company’s key risk and legal executives have chosen to part ways, compounding the growing list of personnel changes within its ranks. The recent exits of Krishna Juvvadi,
In a recent court filing, FTX, the crypto exchange currently navigating bankruptcy, has made significant changes to its proposal for the sale of its Bitcoin and crypto holdings. This move comes as a response to concerns raised by the US Trustee, the bankruptcy branch of the Department of Justice. FTX initially proposed a plan to
In a troubling turn of events, popular cryptocurrency exchange CoinEx has reportedly fallen victim to a suspected hack, resulting in substantial losses from its Ethereum (ETH), TRON (TRX), and Polygon (MATIC) hot wallets. This incident, which unfolded on Tuesday, has sparked an ongoing investigation into the security breach. Reports from reputable sources indicate that CoinEx
In a recent interview, David Marcus, former President of Paypal and Head of Facebook Payments, shared his belief that Bitcoin is the universal protocol for money on the internet. While Bitcoin has faced challenges and headwinds in recent months, it remains the prominent cryptocurrency in the market. This article explores Marcus’s perspective on Bitcoin’s potential
Shiba Inu (SHIB) has recently faced challenges as its price struggles to gain traction in the volatile cryptocurrency market. The investors who once witnessed a major rally between mid-June and mid-August are now confronted with the harsh reality that these gains have been nearly wiped out. As we enter the final quarter of the year,
The future of Bitcoin has been a topic of great speculation and debate within the cryptocurrency community. Benjamin Cowen, an analyst and founder of Into The Cryptoverse, has recently shared his insights on the potential trajectory of Bitcoin in the coming month of September. Based on his analysis and comparisons to historical data, Cowen predicts
A major Korean finance powerhouse, Mirae Asset Securities, has recently announced its collaboration with Polygon, a popular blockchain network. This partnership has sparked interest and curiosity about how it will potentially affect the price of Polygon’s native cryptocurrency, MATIC. In the early hours of September 7, 2023, Mirae Asset Securities, South Korea’s largest financial group
As the cryptocurrency market grapples with a tense market sentiment, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, finds itself under scrutiny. Crypto investors are on edge, with some sounding cautionary alarms about the potential for further price erosion before any sign of recovery. The past few weeks have been tumultuous for Ethereum, as its
Bitcoin, the world’s largest cryptocurrency, has faced both progress and setbacks over the past year. These fluctuations have also been reflected in digital asset investment products. However, recent data from Coinshares indicates that despite overall outflows from digital investment products, Bitcoin has managed to show resilience by recording a weekly inflow of $3.8 million. Despite
Following the FTX crash back in November 2022, a significant amount of crypto remained in the exchange’s wallets due to the ongoing legal battle between the exchange and its creditors. These idle tokens, worth over $3.5 billion, have now caught the attention of crypto enthusiasts as recent activities indicate that a large chunk of them
The once vibrant crypto market has recently lost its glitter, with bitcoin futures trading volume dwindling and the flagship cryptocurrency struggling to stay afloat. Data from Glassnode reveals that bitcoin futures open interest, which indicates the excitement surrounding upcoming contracts, has plummeted to a 5-month low of $11.3 billion. This downward trend suggests that traders