Crypto analyst Bren expects Bitcoin to go back to its $56,000 bear-market low before it starts a stronger recovery, with the US midterm elections adding uncertainty to an already fragile market. But despite his short-term caution, the trader believes 2027 could bring a new all-time high for the OG cryptocurrency, potentially after a bullish first […]
Crypto commentator Tyler D has said that a Democratic takeover of Congress in the November 3 US midterm elections could slow crypto legislation and bring tougher regulatory conditions, but it may also benefit privacy cryptocurrencies. According to the analyst, even if the next two years bring less regulatory progress, the industry has grown too large […]
Bitcoin and the broader crypto market enter another potentially volatile week with the US midterm elections, crucial labor-market data, major tech earnings, and several Federal Reserve speakers on deck. The leading cryptocurrency tanked to $76,000 at the end of last week after the industry’s largest hack, then tried to stabilize at $77,000-$78,000 over the weekend. […]
October, often called ‘Uptober’ in crypto markets because of past performance, is one of the year’s most anticipated months, and this edition followed that trend, as BTC had seen three consecutive months in the green leading up to it. Reality, though, was different as usual, and data shows that BTC tanked by over 7.3%. Here’s […]
Bitwise has raised its 10-year Bitcoin price target from $1.3 million to $1.6 million by 2036, despite Bitcoin having a difficult year, marred by falling prices, weaker sentiment, and an uncertain macroeconomic environment. In Bitwise’s updated Long-Term Capital Market Assumptions report, CIO Matt Hougan and Head of Research Ryan Rasmussen used the same model as […]
Bitcoin’s decline has accelerated into the $77K region after buyers lost the $80K support area. The price is now testing a major daily demand zone, while on-chain data shows it approaching the average cost basis of recent holders. Bitcoin Price Analysis: The Daily Chart On the daily timeframe, Bitcoin has decisively broken beneath the ascending […]
The cryptocurrency market appears set to end the business week deep in the red after the $6.3 billion Binance hack sent shockwaves through the entire sector. The leading digital assets Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) did not escape the pullback, with one popular analyst suggesting they could plunge even more before attractive buying […]
Binance confirmed earlier today that it has become the latest victim of a major hack that, according to some other reports, has seen well over $6 billion drained from the platform. This is by far the biggest hack in the crypto industry, which, as expected, led to a massive pullback in (almost) all digital assets. […]
In what was the most expected turn of events, the US Federal Reserve kept the interest rates unchanged after the first hike in over three years in September. However, the decision was not unanimous: two of the 12 policymakers voted to raise the benchmark to 4%-4.25%. Fed Holds Rates Steady Following last month’s hike, which […]
Bitcoin may be forming a local bottom around $80,000, as the $79,000 to $81,000 range emerges as a major accumulation zone. According to a popular crypto analyst, current market conditions suggest that the world’s largest crypto asset could recover from its recent correction and move toward $94,000. Retail Traders Turn Increasingly Bearish In his latest […]