Not Time To Buy Yet? Bitcoin Faces Pressure As Standard Chartered Predicts Further 10% Drop
Earlier this morning, Bitcoin (BTC) hit a yearly low of $86,888 amid a broader market downturn. According to data from CoinGlass, the crypto market sell-off led to over $1.5 billion in liquidations in the past 24 hours, impacting 394,944 traders. More Downside For Bitcoin? After trading in the mid-$90,000 range for several weeks, BTC crashed…
Bitcoin Presents A ‘Generational Opportunity’ As Global Turmoil Intensifies, Says Bitwise Executive
In a post on X published yesterday, Jeff Park, Head of Alpha Strategies at Bitwise, stated that Bitcoin (BTC) currently presents a “generational opportunity” amid intensifying global macroeconomic turmoil. Park pointed to factors such as US President Donald Trump’s proposed trade tariffs, concerns over the US debt ceiling, and the growing sentiment of deglobalization as…
Ethereum Short Positions Surge 500% In 3 Months – What’s Behind The Bearish Sentiment?
Ethereum (ETH), the second-largest cryptocurrency by reported market cap, is facing unprecedented short selling from hedge funds. Notably, short positions in ETH have soared by 500% since November 2024, indicating heightened bearish sentiment toward the digital asset. Institutional Investors Losing Faith In Ethereum? According to a recent post on X by The Kobeissi Letter, Ethereum…
Bitcoin to $500,000? Standard Chartered Exec Predicts Massive Surge By 2028
In a recent client note, Standard Chartered’s Head of Digital Assets Research, Geoff Kendrick, predicted that Bitcoin (BTC) could surge to $500,000 by the end of 2028. The executive attributed BTC’s potential extraordinary price rise to two major factors. Factors Propelling BTC Price While 2024 was a landmark year for the world’s largest cryptocurrency –…
Bitcoin Struggles To Hold $100,000 As China Strikes Back With US Import Tariffs – More Downside For BTC?
Bitcoin (BTC) enjoyed a brief sigh of relief yesterday as the US delayed its proposed 25% trade tariffs on Mexico and Canada by a month. However, the US proceeded with its 10% tariffs on China, prompting retaliatory measures from Beijing. The escalation has pushed BTC back below the critical $100,000 price level. Bitcoin Suffers Amid…
Bitcoin 4-Hour RSI Hits Oversold Zone – Is A BTC Rebound Near?
Bitcoin (BTC) has had a volatile 24 hours, plunging from $99,500 to as low as $91,231 amid mounting concerns over impending US trade tariffs on Canada, Mexico, and China. However, some crypto analysts see this sharp decline as a buying opportunity, suggesting that BTC may be oversold and poised for a rebound. Is Bitcoin Poised…
Lido Spikes 20% Following Kraken’s Staking Relaunch In Select US States – Details
Lido (LDO), a decentralized autonomous organization (DAO) that provides liquid staking solutions for Ethereum (ETH) and other proof-of-stake (PoS) blockchains, saw its token surge 20% in the past 24 hours. The token’s price jumped from $1.98 on January 30 to $2.37 at the time of writing. Kraken Reintroduces Staking Services In Select States On January…
Bitcoin Withstands DeepSeek Dip And FOMC Volatility – How Close Is A New ATH?
In the past few days, Bitcoin (BTC) has withstood two key developments that could have derailed the cryptocurrency’s bullish momentum. Given Bitcoin’s resilience, analysts are now predicting a new BTC all-time high (ATH) in the coming weeks. Bitcoin Defies DeepSeek Sell-Off, FOMC Uncertainty Earlier this week, US stocks took a hit after Chinese AI firm…
Ethereum Positioned For A ‘Major Move Upward’ In 2025, Analyst Forecasts
According to crypto analyst Titan of Crypto, Ethereum (ETH) could be on the verge of a “major move upward” this year as it continues to form higher lows on the weekly chart. However, breaking through the persistent $4,000 resistance level remains a key hurdle for the cryptocurrency, before it goes on to create new highs.…
Bitcoin Holds Steady Amid NASDAQ Decline, Analyst Calls It ‘Extremely Bullish’
Yesterday, the NASDAQ slid 3% as China’s low-cost AI model, DeepSeek, sent shockwaves through the tech industry, triggering a steep sell-off in US chipmakers. While Bitcoin (BTC) also dipped to a low of $97,777, the flagship cryptocurrency has since recovered most of its losses, trading above the key $100,000 price level. Bitcoin Holding Strong Despite…