Solana Must Reclaim Momentum In The Coming Weeks – SOL/BTC Ratio At A Pivotal Point
Solana is currently trading at $197, marking a 13% decline from the local high it achieved earlier this week. The broader cryptocurrency market is experiencing heightened indecision, with some fear creeping in as Bitcoin struggles to reclaim the pivotal $100,000 level. This hesitation has created ripple effects across altcoins, including Solana, which has seen its…
Ethereum Price at Risk: Could $3K Be Tested Soon?
Ethereum price failed to clear the $3,450 resistance and extended losses. ETH is struggling and might continue to move down if it stays below $3,500. Ethereum started a fresh decline from the $3,450 zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with…
XRP Price vs. BTC Pressure: Can It Hold Its Ground?
XRP price is holding the ground above $2.25 despite pressure on Bitcoin. The price is now consolidating and aiming for a fresh increase above the $2.40 resistance. XRP price is showing a few positive signs above the $2.25 zone. The price is now trading below $2.3650 and the 100-hourly Simple Moving Average. There is a…
Bitcoin As The New S&P 500 Of Our Time? This CEO Thinks So
Anthony Pompliano shares a different perspective on Bitcoin. According to the CEO of Professional Capital Management, Bitcoin is creating a novel position in the investment sector. He recently compared the world’s leading crypto asset to the S&P 500, implying that it has become the preferred benchmark for younger investors. Bitcoin appears to be occupying the…
BNB Price Rebound Possible: Can It Climb Back to $720?
BNB price is consolidating above the $675 support zone. The price is consolidating and might aim for a fresh increase above the $700 resistance. BNB price is struggling to settle above the $700 pivot zone. The price is now trading below $700 and the 100-hourly simple moving average. There was a break above a connecting…
Solana Rally Stalls: Pullback To Key Support Signals Potential Correction
Solana’s strong rally is losing momentum as prices face a pullback, suggesting a potential correction toward the $209.9 support level. After a period of bullish gains, market dynamics and profit-taking impact its upward movement. This pullback signals a pause in the bullish trend, with traders and investors watching for signs of recovery or further decline.…
Crypto Market Will Peak In Mid To Late March, Predicts Arthur Hayes
In a new essay published on Monday, Arthur Hayes—renowned digital asset investor and former CEO of BitMEX—contends that the crypto market is poised to rally strongly in the first quarter of 2025 before topping out sometime in “mid to late March.” Hayes’s latest essay, titled “Sasa,” delves deep into several macroeconomic variables, including US Federal…
Bitcoin At Risk Of Supply Shock As ETF Issues Buy More BTC Than Was Produced In December
The world’s largest cryptocurrency may be at risk of a supply shock as demand from United States (US) Spot Bitcoin Exchange Traded Funds (ETFs) has surged far beyond expectations. In December 2024, the volume of BTC acquired through Spot Bitcoin ETFs more than tripled the amount mined during that same month, underscoring the severe imbalance…
Bitcoin Is Forming A Symmetrical Triangle – Breakout Or Breakdown?
Bitcoin has finally reclaimed the highly anticipated $100K mark after days of consolidation and lingering negative sentiment. The psychological milestone had been a key resistance level, with many investors and analysts closely monitoring BTC’s price action for clues about its next big move. The recent breakout above $100K signals renewed market optimism, yet the question…
Bitcoin Price Takes a Breather: Gains Reduced Amid Volatility
Bitcoin price failed to stay above the $100,000 zone. BTC is correcting gains and might struggle to stay above the $96,000 support zone. Bitcoin started a fresh decline from the $102,500 resistance zone. The price is trading below $100,000 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend…