Bitcoin’s recent price movement has caused a split among traders, with one side predicting a significant decline to around $60,000, echoing price patterns from 2021 that preceded a crash. Analysts point to a series of market developments mirrored from the previous peak, warning of a potential bearish reversal.
Bitcoin's price has fallen over 12.75% from its peak above $124,500, placing traders in two distinct camps. One group believes this is a standard correction in a bull market, while the other warns of a potential new bear market. Analysts noting that Bitcoin's current
Analyst Nate Geraci predicts that multiple applications for Solana exchange-traded funds (ETFs) with staking features might gain approval from the US Securities and Exchange Commission (SEC) by mid-October. This prediction follows recent filings from major asset managers, including Franklin Templeton and Fidelity Investments. Geraci believes that these approvals could signal
Mike Novogratz, CEO of Galaxy Digital, indicated that Bitcoin could experience a significant price rally if the next chair of the US Federal Reserve adopts a dovish stance. In an interview, he stated that such a scenario could lead Bitcoin to potentially reach $200,000. While he acknowledges that aggressive
Mike Novogratz, CEO of Galaxy Digital, stated that Bitcoin could potentially reach $200,000 if the next chair of the US Federal Reserve adopts a dovish economic stance. In a recent interview, he emphasized that such a leadership change could serve as a significant bullish catalyst for both Bitcoin and
Bitcoin remains under $110,000 despite macroeconomic trends favoring other asset classes like gold and stocks. Positive data, such as the U.S. Commerce Department reporting a 2.7% increase in the PCE price index for August, has shifted investor focus away from Bitcoin. This data supports the Federal Reserve&
XRP is currently trading near the $2.75 support level with potential for an 8% to 10% drop to the $2.50 region amid a bearish descending triangle pattern. Onchain data indicates strong buyer interest between $2.45 and $2.55, suggesting possible defense against further declines in this range.
XRP is currently trading near the critical support level of $2.75, facing potential further declines of 8-10% towards $2.50. Analysis of on-chain data shows a significant buyer cluster between $2.45 and $2.55, which could lead to aggressive buying and a rebound if prices drop to this
MGX, a fund backed by Dubai’s ruling family, has acquired a 15% stake in TikTok’s U.S. business as part of a restructuring aimed at increasing American control over the popular video app. This deal, reported recently, sees MGX partnering with Oracle, a leading database company co-founded by
Moody's Ratings cautions that the rapid adoption of stablecoins could threaten monetary policy and financial stability in emerging markets. The report highlights that the use of stablecoins—often pegged to fiat currencies like the US dollar—may diminish central banks' authority over interest rates and exchange rates,
A meme coin tied to Pinkfong, the creator of Baby Shark, collapsed after the company announced it was unauthorized. The token was minted using Story Protocol, a platform designed for managing intellectual property rights, which supported the creation of derivative works. Pinkfong warned that legal actions would follow for those
Today in crypto, Kraken reportedly raised $500 million at a $15 billion valuation ahead of a potential public offering. This funding aligns with industry expectations of an IPO. In the UK, UK Finance launched a pilot for tokenized sterling deposits with six major banks, including Barclays and HSBC, aiming to