TL;DR Veteran trader Peter Brandt envisioned a potential 50% BTC correction, with altcoins and meme coins possibly collapsing by 90% and 100%. On the other hand, many analysts foresee BTC reaching $120K – $200K in the following months, with some suggesting the bull market could possibly last until 2026. 50% BTC Correction Incoming? Bitcoin (BTC) […]
Crypto markets held on to gains made late last week over the weekend, and momentum could continue into the following days. There has been a small ‘Santa rally’ for stocks and crypto markets over the first few days of the year, with around $280 billion entering digital asset markets. This week will see the release […]
Bitcoin’s price recovered from the most substantial declines earlier this week that drove it to a monthly low but still struggles to return to six-digit territory. With the weekly close just hours away, here are the potential risks the cryptocurrency faces if it remains under this coveted level. BTC to Close Below $100K? The last […]
For context, Bitcoin returned a yield in average crypto exchange prices of 210% from Nov. 1, 2023, to a historical record high level above $108,000 on Dec. 16, according to data compiled by CoinMarketCap. Compare that to US stocks’ performance over the same time period, and the original and most secure cryptocurrency massively over-indexed for […]
Approximately 20,000 Bitcoin options contracts will expire on Friday, Jan. 3, in the first such event of 2025. They have a notional value of $1.93 billion, which is a fraction of last week’s mammoth end-of-year expiry event, so the impact on spot markets is likely to be minimal. Bitcoin Options Expiry This week’s batch of […]
Approximately 20,000 Bitcoin options contracts will expire on Friday, Jan. 3, in the first such event of 2025. They have a notional value of $1.93 billion, which is a fraction of last week’s mammoth end-of-year expiry event, so the impact on spot markets is likely to be minimal. Bitcoin Options Expiry This week’s batch of […]
According to CryptoQuant’s latest data, Binance has reached a new milestone in its stablecoin reserves as it hit an all-time high of $31 billion recently. This marks a significant recovery and growth, as the reserves stood at just $7 billion in June 2023. Therefore, the latest figure reflects a nearly fivefold increase over six months. […]
Altcoins include all the other Internet currencies secured by cryptographic blockchains, in addition to Bitcoin, which is a seminal and first-in-class cryptocurrency. Their currency market exchange rates can vary with as much volatility as BTC and tend to track along with Bitcoin’s price. In fact, big rallies for BTC tend to lead to major bull […]
Canadian crypto firm Matador Technologies announced a major shift in its capital preservation strategy this week after its Board of Directors unanimously approved the addition of Bitcoin and USD-denominated assets to its corporate treasury. The goal behind this decision is to mitigate risks associated with the company’s reliance on Canadian dollar-denominated assets, which marks a […]
Bitcoin’s price actions took a turn for the better over the past few days, and the asset even came close to $100,000 yesterday evening as the crowd became highly bullish again. However, it was stopped there and pushed south by a few grand amid reports of a growing number of investors realizing profits. What Needs […]