[ad_1] In a comprehensive evaluation of global market dynamics, Bloomberg Intelligence analyst and Chartered Market Technician (CMT) Jamie Coutts has opined on the shifting sands of financial asset volatility. With bonds potentially falling out of favor and Bitcoin cementing its place as a debasement hedge, traditional portfolio models may be on the verge of a renaissance. Major Portfolio Shift Towards Bitcoin? Coutts tweeted, “It looks like we are about to see a substantial uptick in volatility across all markets, given where yields, USD, & global M2 are heading. Despite what lies ahead, there has been a big shift in the…
Author: Jake Simmons
[ad_1] In a recent tweet, renowned crypto analyst, EGRAG CRYPTO, unveiled an intricate 4-month XRP price analysis which presented various crucial insights and predictions. This was encapsulated in his words: “XRP Steel Foundation & Eye-Opening Insights: Behold the chart below, crafted from 4-month candles, revealing that higher time frames are less susceptible to deceptive signals.” The Steel Foundation Of XRP Egrag’s analysis draws attention to two major price zones, zone A and zone B, each with its own ultra-strong support zone which he metaphorically describes as the “steel foundation”. For zone A, which saw XRP trading between $0.00485 to $0.02483…
[ad_1] With anticipation around Bitcoin ETFs from giants like BlackRock, Fidelity, and Invesco, and an expected halving in April 2024, forecasts for Bitcoin’s price next year show a significant range. From JPMorgan to Standard Chartered Bank, here are the most notable estimates for 2024: Pantera Capital: $150,000 In their August “Blockchain Letter”, Pantera Capital, led by Dan Morehead, predicts a possible rise to $147,843 post the 2024 halving. Employing the stock-to-flow (S2F) ratio, they believe the price model suggests the valuation of Bitcoin against its scarcity will become more pronounced. Specifically, Pantera Capital stated, “The 2020 halving reduced the supply…
[ad_1] The Bitcoin price is sustaining its bullish momentum from the previous day. Today, it surpassed the $27,000 threshold, a level not seen since August 31. Notably, BTC recorded its first green weekly closing candle in five weeks yesterday. As of press time, the Bitcoin price has reached an intra-day high of $27,267. Why Is Bitcoin Price Up Today? One major indicator that has captured analysts’ attention is the rapid increase in Open Interest. DaanCrypto, a noted figure in the crypto space, commented on the Open Interest of Bitcoin: “Bitcoin Open Interest has been ramping up like crazy these past…
[ad_1] In a recent court filing, FTX, the crypto exchange currently navigating bankruptcy, has made last-minute adjustments to its proposal concerning the sale of its Bitcoin and crypto holdings. This move is seen as an attempt to address concerns raised by the US Trustee, the bankruptcy branch of the Department of Justice. FTX’s initial proposal, which is set to be reviewed in a Delaware Bankruptcy Court today, September 13, aimed to liquidate $3.4 billion in Bitcoin and other crypto assets. The market had been rife with concerns about the potential impact of such a massive sale, fearing it could exert…
[ad_1] Yesterday’s weekly close of the Bitcoin price below the $26,000 mark has raised concerns among analysts and traders. This move could potentially signal a further decline for the leading cryptocurrency, as it appears to be the first step to confirming a double top formation on the weekly chart. Rekt Capital, a prominent figure in the crypto analysis sphere, took to Twitter to share his insights, stating, “BTC has officially Weekly Closed below the ~$26,000 support. Technically, BTC has begun the first step in the process of validating this Double Top formation. Turn $26,000 into new resistance and the breakdown…
[ad_1] September is gearing up to be a pivotal month in the crypto space, with a series of substantial token unlocks for Solana, ApeCoin, Worldcoin, Optimism, dYdX and Aptos on the horizon. Popular crypto voices, @TheDeFinvestor and @wacy_time1, have taken to Twitter to provide insights, speculations, and analyses on these impending events. Here’s a consolidated look at their perspectives. ApeCoin (APE) Set to witness one of the most significant unlocks this month, APE will release $54.8 million, which represents 11% of its circulating supply, on Sept. 17. Both influencers highlighted the magnitude of this event. @TheDeFinvestor pointed out that most…
[ad_1] The crypto market is always in flux, with new narratives and trends emerging each week. Renowned crypto analyst Miles Deutscher recently took to Twitter to share his insights on the altcoin space, shedding light on the tokens that are catching his attention. Crypto Watchlist For This Week Starting with UNIBOT, Deutscher highlighted its recent performance, noting that it’s down significantly (-60%) from its highs. He attributed this decline to a combination of fear, uncertainty, and doubt (FUD) and a decrease in key metrics. However, he remains optimistic, suggesting that the accelerated selling might be slowing down. “I used the…
[ad_1] The XRP price is facing an extremely crucial juncture, which could become a make-or-break moment for the cryptocurrency. After the XRP token managed to rally almost 100% after the summary judgment in the case between Ripple Labs and the US Securities and Exchange Commission (SEC), there is almost nothing left of the gains just 43 days after the ruling, NewsBTC reported. However, this is far from the worst. The recent price decline has brought XRP to key support levels that must be held at all costs to avoid another deep fall. At the same time, there is hope due…
[ad_1] In a significant move signaling the growing importance of Central Bank Digital Currencies (CBDCs) in global financial systems, Mastercard has announced a strategic partnership with several blockchain companies, including Ripple. Meanwhile, the XRP price took a nosedive in the past 24 hours, falling 14.3% amidst the marketwide downturn. Ripple Partners With Mastercard Unveiling its CBDC Partner Program, Mastercard emphasized its intent to work with leading figures in the CBDC ecosystem. The objective: to offer central banks a comprehensive understanding of CBDCs and their potential for redefining the future monetary systems. Ripple, recognized as a “CBDC platform” in Mastercard’s media…