On a Monday when the decline in the cryptocurrency market continued, cryptocurrency analysis company Santiment published an analysis. According to analysts, panic has set in within the individual crypto community as the week has started with the decline continuing. There has been a huge wave of FUD in Bitcoin and Ethereum, especially due to new traders joining the market in the last 2-3 months. On the other hand, according to the analytics company, these new traders are panicking in the face of foreign market conditions because they have not seen medium-sized market corrections before. Santiment said that historically, individual investors have sold in such situations in panic and emotionally, and thus whale and smaller-scale shark investors have accumulated coins at lower resistance levels and created price jumps. Related News: CF Benchmarks Announces 2025 Outlook for Bitcoin and Ethereum: “The Year of Records” Analysts said they could not know when these jumps were about to happen or when they would happen in the future, but the necessary conditions for this event were beginning to emerge. *This is not investment advice. Continue Reading: Bitcoin is Declining: But Is There a Need for FUD? Analytics Company Reveals the Real Truth
Bitcoin's price remains lower as 2024 approaches. Analysts discuss the potential for a new bull market. Continue Reading: Market Analysts Predict Bitcoin Trends and New Investor Behavior The post Market Analysts Predict Bitcoin Trends and New Investor Behavior appeared first on COINTURK NEWS .
Bitcoin’s price fell below $94,000 on December 23 as the Wall Street open brought little relief for bulls seeking recovery from recent declines. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD losing 1.2% on the day, extending its downtrend. Over the weekend, Bitcoin briefly spiked to $99,500 before being pushed down by sellers, bringing its drawdown from last week’s all-time highs to 15%. Short-term price performance has raised concerns among analysts. The popular X analytics account Bitcoindata21 highlighted bearish signals, noting, “Underside retests and rejections of VWAPs are NOT what you want to see for bullish price action.” Their analysis pointed to a likely retest of $92,000, with a more significant buying opportunity at $85,000–$86,000, described as the “back up the truck” zone for bulls. Similarly, the trader CrypNuevo predicted further price drops before a market rebound, targeting levels near $90,000. “Now, I still think that we could revisit the lows,” CrypNuevo shared in a thread on X, discussing low-timeframe market patterns. “It’s hard to imagine that we’re going to get a V shape recovery from here. I’m leaning more towards either a W formation or a 100% of the wick fill. Ideally, the 100% wick-fill, since $90k is a strong psychological level.” Bitcoin’s recent volatility has left market participants questioning the strength of the asset’s support levels, as bearish momentum continues to dominate short-term trends.
The post XRP at Make-or-Break Level, Can It Hold $2.15? appeared first on Coinpedia Fintech News XRP, the native token of Ripple Labs, is making waves amid ongoing market uncertainty. Over the past few days, the overall cryptocurrency market has faced downside momentum. XRP Current Outlook Despite this, XRP has held its crucial support level at the $2.15 mark for the last five trading days. Meanwhile, major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), have experienced a notable price decline during the same period. The potential reason behind XRP’s ability to maintain its support level is the continuous support and confidence from investors and traders, as reported by on-chain analytics firm Coinglass . $407 Million Worth XRP Outflow Data from XRP spot inflow/outflow revealed that exchanges across the cryptocurrency landscape had witnessed an outflow of a significant $407 million worth of XRP in the past six days. During this period, exchanges didn’t face any inflow or token deposits from wallet addresses, which hints at a bullish sign. Source: Coinglass In the cryptocurrency landscape, “outflow” refers to the movement of assets from exchanges to wallets, which also represents accumulation. However, this significant outflow indicates potential upside momentum and an ideal buying opportunity. There is a high possibility it could create buying pressure if this trend continues. Technical Analysis and Upcoming Levels According to expert technical analysis, XRP is at a crucial support level of $2.15 and appears to be losing its grip on that support. Source: Trading View Based on recent price action and historical momentum, if the altcoin closes a daily candle below the $2.15 level, there is a strong possibility it could decline by 15% to reach the next support level at the $1.95 mark. Conversely, if XRP holds this level, there is a strong possibility it could soar by 25% to reach the $2.75 mark in the future. Current Price Momentum At present, XRP is trading near $2.20 and has experienced a price decline of over 1.05% in the past 24 hours. During the same period, its trading volume dropped by 5%, indicating lower participation from traders and investors amid market uncertainty.
Sats (1000SATS) is a type of BRC-20 token created as a tribute to Bitcoin (BTC) ‘s anonymous creator, Satoshi Nakamoto. This article answers many questions, such as what Sats is, what 1000SATS coin is, and where to buy it, as it was recently listed on the major cryptocurrency exchange Binance. Continue Reading: How to Buy Sats (1000SATS) Coin? The post How to Buy Sats (1000SATS) Coin? appeared first on COINTURK NEWS .
An analyst has explained how Bitcoin could see a top beyond the $168,500 mark based on the historical trend in this indicator. Bitcoin Mayer Multiple Could Reveal Location Of Next Price Top In a new post on X, analyst Ali Martinez has discussed where the BTC top could lie based on the Mayer Multiple. The “Mayer Multiple” refers to an indicator that keeps track of the ratio between the Bitcoin price and its 200-day moving average (MA). The 200-day MA has historically proven to be a significant level for BTC, often serving as the boundary between bearish and bullish trends. As such, the distance of the price from this MA, which is what the Mayer Multiple measures, can be useful to watch. Related Reading: XRP Could Be The Altcoin To Recover Quickly, CryptoQuant Analyst Explains Why When the Mayer Multiple has a high value, it means the asset is trading significantly above the 200-day MA, which could imply potential overbought conditions. On the other hand, the metric being low could suggest a bullish reversal may be due for BTC. Now, here is the chart shared by Martinez that shows the trend in the Bitcoin Mayer Multiple represented as an oscillator over the history of the cryptocurrency: As is visible in the above graph, the Bitcoin Mayer Multiple is currently around halfway to the level that has usually signaled overheated conditions for the coin’s price. The level in question is situated at the 2.4 mark. When the metric assumes this value, the price of the asset becomes 2.4 times the 200-day MA. In the same chart, a price line corresponding to this level is also shown. It’s apparent that Bitcoin formed some of its major historical tops when it broke through the line. So far in the current cycle, Bitcoin hasn’t been able to retest the level yet. And it may not be able to do so for a while, either since the Mayer Multiple would only equal 2.4 when the cryptocurrency’s price rises to around the $168,500 level. Related Reading: XRP, Solana Among Altcoins Witnessing TD Buy Signal, Analyst Reveals An important level relevant to the Mayer Multiple that BTC did retest during this cycle was the 0.8 line. Just like the 2.4 level serves as a signal for potential overheated conditions, this line can imply the coin may be reaching a bottom. Bitcoin successfully found a rebound at the line earlier in the year, confirming that a transition towards a bear market hadn’t taken place yet. It now remains to be seen whether the asset would go on to retest the top level next or if another plunge to this bottom level will happen first. BTC Price Bitcoin slipped toward the $92,000 level on Friday, but it seems the asset has made some recovery since then, as it sits at $96,000 to kick off the new week. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
The latest report from CoinShares, a leading digital asset investment firm, reveals that last week’s performance for crypto asset investment products was mixed. According to the report, the market experienced inflows totaling $308 million, marking a continuation of positive trends. However, there was also a series of outflows that amounted to roughly $1 billion. Deciphering The Fund Flows The data shared by CoinShares highlighted substantial outflows, with December 19 witnessing a single-day outflow of $576 million. The final two days of the week contributed an additional $1 billion in total outflows, raising concerns among market participants about sustained investor sentiment . James Butterfill, Head of Research at CoinShares, explained that these outflows “coincided with a price correction” and “followed the hawkish outlook” presented by the Federal Reserve during its Federal Open Market Committee (FOMC) meeting. According to Butterfill, the market reacted to the revised “dot plot,” which suggested potential future interest rate hikes. Despite these notable outflows, the cumulative impact on total assets under management (AuM) was relatively minor, equating to just 0.37% of total AuM. Butterfill further noted that this event ranks as the 13th largest single-day outflow recorded, with the most significant outflow occurring in mid-2022 after a similar FOMC announcement. While the headline numbers suggest market caution, Bitcoin (BTC) showed resilience, managing net inflows of $375 million despite intra-week volatility. Notably, short Bitcoin products saw minimal activity, indicating continued investor confidence in Bitcoin’s long-term potential . Altcoins and Multi-Asset Investment Trends The report further revealed the contrasting performances between various altcoins and multi-asset investment products. Particularly, outflows from multi-asset funds were quite significant hitting $121 million, as investors took a more selective, asset-specific approach. Such behavior indicates investors are becoming pickier and targeting assets with firmer fundamentals and the potential to grow. Ethereum (ETH) remained a prominent performer, securing $51 million in inflows over the week. These inflows reaffirm Ethereum’s position as a key player in the digital asset space, driven by sustained institutional interest and optimism surrounding its technological upgrades. However, not all major altcoins shared this positive momentum. Butterfill reveals that Solana (SOL) experienced $8.7 million in outflows, contrasting sharply with Ethereum’s positive movement. It is worth noting that the discrepancy suggests a divergence in investor sentiment between these two major assets, potentially influenced by ongoing ecosystem developments and perceived risks. In contrast, following ETH, XRP emerged as one of the standout altcoin performers, recording $8.8 million in inflows. Similarly, Horizen (ZEN) and Polkadot (DOT) reported inflows of $4.8 million and $1.9 million, respectively, highlighting a preference for specific altcoins despite broader market volatility. These inflows suggest continued investor confidence in the long-term potential of select blockchain ecosystems, even amid short-term corrections . Featured image created with DALL-E, Chart from TradingView
Nasdaq-listed business intelligence firm MicroStrategy has announced the acquisition of an additional 5,262 bitcoin at an average price of $106,662 per BTC, with the purchase costing the firm around $561 million in total. In a post on the microblogging platform X, the company’s co-founder and chairman, Michael Saylor, revealed that the firm has achieved a
Investment advisors are expected to overtake hedge funds as the largest holders of U.S.-listed spot Bitcoin (BTC) exchange-traded funds (ETFs) by 2025, according to a new report by CF Benchmarks. The report, published today, predicts that investment advisors will control more than 50% of the Bitcoin (BTC) and Ethereum (ETH) ETF markets, signaling a shift in the makeup of ETF holders. Since the launch of 11 spot BTC ETFs in the U.S. on Jan. 11, investors have put more than $36 billion into these funds, providing an easy way for individuals to gain exposure to Bitcoin without having to hold or store the asset directly. Hedge fund managers lead the way with 45.3% of the ETFs, while investment advisors who manage capital for individuals and high-net-worth individuals own 28%. CF Benchmarks, a UK-regulated index provider behind several major digital asset benchmarks, predicts that investment advisors will lead the $88 trillion US wealth management industry in embracing Bitcoin and ETH ETFs in 2025. This trend is expected to be driven by increased demand from clients, a better understanding of digital assets, and the maturation of crypto products. The firm also predicts that combined net flows into BTC and ETH ETFs will exceed $40 billion, a year-on-year record. Related News: Silent Bull in Ethereum? Analytics Firm Reveals Bullish Signs “Investment advisor allocations will rise above 50% for both assets, reshaping the ownership mix of these ETFs,” CF Benchmarks said in its annual report. “As these products become staples in model portfolios, they will likely reshape the market for digital assets.” In addition to Bitcoin, investment advisors are already the dominant force in the ETH ETF market and are expected to further strengthen their position in 2025. The growth in asset tokenization is expected to continue, with tokenized real-world assets (RWA) expected to exceed $30 billion, further supporting the demand for digital asset investment vehicles. CF Benchmarks also notes that new stablecoins like Ripple’s RLUSD and Paxos’ USDG are expected to challenge the dominance of Tether’s USDT, whose market share has increased from 50% to 70%. Going forward, the report predicts that the scalability of the blockchain will be tested and that active user adoption will require increasing on-chain capacity beyond 1,600 transactions per second (TPS) due to regulatory clarity under President-elect Donald Trump’s administration. *This is not investment advice. Continue Reading: CF Benchmarks Announces 2025 Outlook for Bitcoin and Ethereum: “The Year of Records”