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Peter Brandt Highlights Bitcoin Price Pattern Key to Keeping BTC’s Bull Trend Healthy

[Jan 29, 2024 8:00 PM] Veteran trader Peter Brandt has highlighted a bitcoin price pattern that frequently appeared in past major bull runs. “It is the Hump …Slump …Pump… Dump [HSPD] that keeps a bull trend healthy,” he explained…

Ethereum Technical Analysis: ETH Trade Volume Remains Low Amid Selling Pressure

[Jan 29, 2024 8:30 AM] On Jan. 29, 2024, ethereum’s price dynamics display a nuanced interplay of market elements. The current price of ether stands at $2,247, with a 24-hour range fluctuating between $2,246 and $2,284. Despite its substantial market…

Bitcoin Technical Analysis: Bearish Signals and Bullish Hints Amidst Market Turbulence

[Jan 29, 2024 7:30 AM] Bitcoin, the leading digital currency by market cap, showcased nuanced market dynamics on Jan. 29, 2024. Bitcoin’s value fluctuated within a narrow band, ranging from approximately $41,950 to $42,069 within the last hour. Indicators such as…

Deutsche Bank Survey: Over One-Third of Respondents Expect Bitcoin to Fall Below $20,000

[Jan 27, 2024 8:30 PM] A Deutsche Bank survey has revealed that over one-third of 2,000 respondents anticipate bitcoin’s price to drop below $20,000. Moreover, around 15% of those surveyed predict the cryptocurrency’s price to range between $40,000 and…

JPMorgan Sees Downward Pressure Easing for Bitcoin as Grayscale Profit-Taking Fades

[Jan 27, 2024 6:30 PM] Global investment bank JPMorgan says that profit-taking from Grayscale’s bitcoin trust (GBTC) has largely happened already. “This would imply that most of the downward pressure on bitcoin from that channel should be largely behind…

Bitcoin Technical Analysis: BTC Reclaims $41K Mark Following Short-Term Consolidation 

[Jan 26, 2024 8:00 AM] At present, the price of bitcoin is $41,106, marking a significant climb from its 24-hour low of $39,538 and peaking at $41,474. This upward movement signifies a 3% gain within the last day, reflecting a surge of optimistic sentiment among…

Former Bitmex Chief Expects Bitcoin to Bottom Out Between $30,000 and $35,000

[Jan 25, 2024 8:30 PM] Former Bitmex CEO Arthur Hayes has predicted that bitcoin will find a support level between $30,000 and $35,000. He contends that the ongoing bitcoin selloff is not due to outflows from Grayscale’s bitcoin trust (GBTC). “That argument…

Bitcoin Technical Analysis: Deciphering BTC’s Complex Market Behavior

[Jan 24, 2024 8:05 AM] Bitcoin’s price dynamics on Jan. 24, 2024, present a complex picture of market fluctuations and investor sentiment. With prices oscillating between $39,878 and $40,069 in the past hour and a broader 24-hour range of $38,505 to $40,515, the…

Peter Schiff Says All Spot Bitcoin ETFs Are Now in Bear Markets — Warns of Deeper Losses

[Jan 23, 2024 8:00 PM] Gold bug and economist Peter Schiff has warned of deeper losses for spot bitcoin exchange-traded funds (ETFs), emphasizing that they are “now in bear markets.” Referencing the Proshares Bitcoin Strategy ETF which is down more than 50%…

Mad Money Host Jim Cramer Doubts Bitcoin Will Find Its Footing as Selloff Continues

[Jan 23, 2024 6:30 PM] Jim Cramer, the host of CNBC’s Mad Money show, has doubled down on his bearish bitcoin price outlook, predicting that the cryptocurrency will continue to struggle against the backdrop of a plummeting crypto market. “Unlikely that…

JPMorgan Sees Challenges Ahead for Crypto Market — Downgrades Coinbase Stock

[Jan 23, 2024 3:00 PM] Warning of a difficult time ahead for the crypto market, global investment bank JPMorgan has downgraded Coinbase stock. Emphasizing that crypto prices are already under pressure, JPMorgan warned of “greater potential for cryptocurrency ETF…

Ethereum Technical Analysis: Bearish Trends Dominate Across Multiple Timeframes

[Jan 22, 2024 8:32 AM] Similarly to bitcoin’s action, the second largest crypto asset by market cap, ethereum, has seen some market turmoil and a distinct downtrend. As of Jan. 22, 2024, ether has shown a notable decrease, registering a 3.3% drop in 24 hours and a…

Bitcoin Technical Analysis: BTC Navigates Through Bearish Currents

[Jan 22, 2024 7:41 AM] With market capitalization standing at $798 billion and a 24-hour trade volume of $16.58 billion, bitcoin’s current state remains consolidated just above the $41K zone. As bitcoin hovers around $41,088, a meticulous analysis of its 1-hour…

JPMorgan Warns of Incoming Bitcoin Selloff With Anticipated $3 Billion Grayscale Outflow

[Jan 21, 2024 7:00 PM] Global investment bank JPMorgan has warned of additional outflow from Grayscale’s bitcoin fund, cautioning that it will put “further pressure on bitcoin prices over the coming weeks.” The bank’s analyst also explained…

Mad Money Host Jim Cramer Sees ‘Nasty Beginning to Bitcoin Selloff’

[Jan 20, 2024 7:00 PM] Jim Cramer, the host of CNBC’s Mad Money show, has warned of a bitcoin selloff. While cautioning investors about investing in bitcoin and the newly launched spot bitcoin exchange-traded funds (ETFs), he said: “I’m not as…

Weekly NFT Sales Dip — Ethereum Outshines Bitcoin, Solana and Avalanche Record Gains

[Jan 20, 2024 1:00 PM] The latest statistics indicate a further decline in non-fungible token (NFT) sales this week, showing a 5.05% decrease compared to the previous week. Sales of NFTs reached $297 million, with Ethereum leading the way this week. Ethereum’s…

Bitcoin Technical Analysis: Navigating BTC’s Ups and Downs as Price Teeters Above $41K

[Jan 19, 2024 7:21 AM] On Thursday, bitcoin experienced a decline, reaching a low of $40,600, and has since been hovering slightly above the $41,000 mark. The cryptocurrency world is abuzz with speculation about the duration of this downturn, especially as the excitement…

JPMorgan CEO Advises Investors to Stay Away From Bitcoin — ‘My Personal Advice Is Don’t Get Involved’

[Jan 18, 2024 8:00 PM] Jamie Dimon, the CEO of JPMorgan Chase, has advised investors to stay away from bitcoin. “My personal advice is don’t get involved,” he said. “But I don’t want to tell anyone what to do. It’s a free…

Peter Schiff Predicts Bitcoin Bloodbath — Expects SEC Chair Gary Gensler to Introduce ‘New Onerous Crypto Regulations’

[Jan 18, 2024 6:30 PM] Economist and gold bug Peter Schiff has predicted that U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler “will soon introduce new onerous crypto regulations” that will result in “a sharp decline” in the…

Bitcoin Technical Analysis: BTC Balances Above $42,000 Amidst Downtrend Signals

[Jan 17, 2024 8:48 AM] Bitcoin has been holding steady above the $42K zone and over the past hour, the leading crypto asset has changed hands for $42,425 to $42,597 on Wednesday morning around 9:30 a.m. Eastern Time. The digital currency’s market valuation on Jan…

Analyst Advises Investors to Buy the Bitcoin Dip — Predicts ‘Asymmetric Upside Ahead’

[Jan 16, 2024 8:30 PM] A senior analyst with global asset management firm Alliance Bernstein has recommended that investors buy the bitcoin dip and focus on “the new bitcoin adoption cycle.” His advice followed the approval of spot bitcoin exchange-traded…

Skybridge Founder Expects Bitcoin to Surpass $170,000 Next Year

[Jan 16, 2024 6:30 PM] Skybridge Capital founder Anthony Scaramucci expects bitcoin’s price to surge past $170,000 next year if the price of the cryptocurrency remains at the current level until the halving in April. He expects Bitcoin halving, as well as surging…

Ethereum Technical Analysis: ETH Stabilizes in a Narrow Range

[Jan 15, 2024 8:50 AM] Today’s trading session commenced with ethereum oscillating between $2,480 and $2,532 in the past hour, enclosed within a daily range of $2,472 to $2,544. This restricted range hints at a brief stabilization period after a spell of recent…

Bitcoin Technical Analysis: BTC’s Subdued Start to the Week Amid US Market Closures

[Jan 15, 2024 8:05 AM] Monday is anticipated to be a subdued day for trading activities, owing to the observance of Martin Luther King Jr. Day, resulting in the closure of the U.S. bond market, Nasdaq, and the New York Stock Exchange (NYSE). Over the past hour, bitcoin…

Blackrock’s Spot Bitcoin ETF Now Holds 11,439 BTC

[Jan 13, 2024 7:30 PM] Blackrock’s spot bitcoin exchange-traded fund (ETF) has acquired 11,439 bitcoin, with a market value of nearly $500 million, within two days of trading on the Nasdaq stock exchange. Blackrock’s Ishares Bitcoin Trust was among the 11…

$311 Million in NFT Sales Amidst Fluctuating Blockchain and Collection Performances

[Jan 13, 2024 12:30 PM] In the last week, the non-fungible token (NFT) market experienced unremarkable sales, totaling $311.31 million. This figure represents a slight uptick of just 0.05% from the previous week. Despite this, Bitcoin NFT sales have consistently…

Ark Invest Now Sees Higher Probability of Bitcoin Soaring to $1.5 Million, CEO Says

[Jan 12, 2024 8:00 PM] Ark Invest CEO Cathie Wood has doubled down on her bullish bitcoin forecasts, now seeing a higher probability of the price of bitcoin soaring to $1.5 million per coin. She emphasized that the approval of spot bitcoin exchange-traded funds (ETFs) by…

Bitcoin Technical Analysis: BTC in Consolidation Phase as Upper Resistance Strengthens

[Jan 12, 2024 8:04 AM] The leading cryptocurrency, bitcoin, has remained within a limited price range since yesterday. This followed yesterday’s quick surge to the $49K level, which then declined in the early trading hours of Thursday. Although there was a…

Fundstrat Says Bitcoin Is Headed for $150K — Predicts BTC Could Hit $500K in 5 Years

[Jan 11, 2024 9:30 PM] Financial research firm Fundstrat’s head of research has predicted that the price of bitcoin is headed for $150K and could hit $500K in five years. Emphasizing the cryptocurrency’s finite supply and “a potentially huge increase…

US Spot Bitcoin ETFs Rack up $4.6 Billion in Trading Volume on Day 1 — Blackrock Debuts With $1 Billion

[Jan 11, 2024 6:30 PM] U.S. spot bitcoin exchange-traded funds (ETFs) racked up $4.6 billion in total trading volume on their first day of trading. Blackrock, the world’s largest asset manager, debuted with more than $1 billion in trading volume for its Ishares…