Van Eck has reaffirmed its bullish stance on Bitcoin, predicting a staggering price surge to $180,000 amidst early signs of potential market overheating. The investment firm cites favorable regulatory conditions
Van Eck says BTC can reach a price of $180,000 this cycle but warned that elevated funding rates could be showing early signs of "overheating."
Bluntz predicts over 35% increase for PEPE from its current value. Analyst suggests Bitcoin could reach $180,000 amidst wave five ascent. Continue Reading: Analyst Predicts Significant Price Increase for PEPE Coin and Bitcoin The post Analyst Predicts Significant Price Increase for PEPE Coin and Bitcoin appeared first on COINTURK NEWS .
On November 23, COINOTAG reported that crypto mining giant MARA has made a significant move by investing $550 million to acquire 5,771 BTC, averaging an entry price of $95,554 per
As the price of the flagship cryptocurrency Bitcoin ($BTC) hovers around the $99,000 mark the Coinbase Premium Index, which measures the price difference between BTC on Coinbase and other exchanges, has “disappeared.” According to a post from CryptoQuant analyst “maartunn,” the index disappeared “as soon as Bitcoin tagged $98,000,” which means that spot exchange-traded funds
BTC and XRP challenge securities classifications as a legal expert argues underlying assets are distinct from investment contracts, intensifying calls for regulatory clarity in crypto markets. BTC and XRP Lead Legal Shift in Crypto Investment Contract Standards A well-known advocate in the cryptocurrency community, John E. Deaton, has strongly criticized the conflation of crypto assets
IntoTheBlock’s data revealed a $4.5B exodus from exchanges in the last seven days. The data confirmed that whales were actively accumulating Bitcoin, as over 12% of the net outflow was attributed to large holders.
November 2024 is pivotal for cryptocurrencies, especially Bitcoin. Ethereum faces critical levels against BTC for potential upward movement. Continue Reading: Market Predictions Highlight Ethereum, AVAX, BONK, and Shiba Coin Trends The post Market Predictions Highlight Ethereum, AVAX, BONK, and Shiba Coin Trends appeared first on COINTURK NEWS .
Ethereum surged over 10% yesterday, marking an impressive recovery alongside a very bullish day for the entire crypto market. This surge has reignited investor optimism, especially as Ethereum approaches its yearly highs. Key data from CryptoQuant highlights a significant bullish signal: Ethereum’s Taker Buy Volume hit an astonishing $1.683 billion in a single hourly candle. This metric reflects aggressive buying activity in the futures market, further supporting Ethereum’s potential for continued upward momentum. Related Reading: Bitcoin Open Interest Hits ATH As BTC Nears $100K – What To Expect? The driving force behind this rising demand for Ethereum appears to stem from profits being cycled out of Bitcoin. With Bitcoin consistently breaking all-time highs, investors are reallocating gains into ETH, boosting its price. Ethereum’s ability to capitalize on Bitcoin’s momentum underscores its position as the second-largest cryptocurrency and a key player in the broader market trend. However, the next few days will be crucial for Ethereum as it nears its yearly highs. A strong breakout above these levels could propel ETH into a new uptrend, further strengthening its bullish narrative. Ethereum Bulls Waking Up Ethereum bulls are finally showing signs of life after eight months of bearish price action, with the price surging over 40% since November 5. This strong upward momentum aligns with the broader market rally, fueling optimism that Ethereum’s recovery is just beginning. The resurgence in bullish sentiment has positioned Ethereum as a key focus for investors seeking opportunities in the current market environment. According to data by CryptoQuant analyst Maartunn, Ethereum’s Taker Buy Volume recently hit $1.683 billion in a single hourly candle, highlighting significant demand and the involvement of high-volume trades. This aggressive buying activity is a bullish signal, suggesting increased confidence in Ethereum’s potential to sustain its rally. Strong demand at this scale creates upward pressure on the price, reinforcing the bullish narrative for ETH. Related Reading: Bitcoin Rally Driven By U.S. Coinbase Investors – Top Analyst Shares Metrics However, Ethereum still faces a critical hurdle at the $3,550 level, a significant supply zone that has acted as a barrier since late July. The next few days will be pivotal for Ethereum, as breaking above this key resistance could signal the continuation of its upward trajectory. Failure to do so, however, might result in a short-term consolidation. All eyes are now on ETH, as its next moves could set the tone for the altcoin market. ETH Holding Above Key Levels Ethereum (ETH) is trading at $3,333 after a 10% surge yesterday, marking a significant rebound for the second-largest cryptocurrency. The price is testing a critical supply zone just below the $3,450 level, a resistance area that bulls need to reclaim to confirm the uptrend and maintain momentum for new highs. This supply zone has historically acted as a key barrier, and breaking above it with conviction would signal strong buying pressure and the potential for a sustained rally. Holding above the 200-day moving average (MA) at $2,959 further strengthens the bullish case for Ethereum, as this indicator is widely regarded as a benchmark for long-term price trends. Related Reading: Solana Analyst Expects A Retrace Before It Breaks ATH – Targets Revealed Should Ethereum maintain its position above the 200-day MA and push decisively past the $3,450 level, it could pave the way for a bullish rally, targeting higher resistance zones in the coming days. However, failure to overcome this supply area may result in short-term consolidation as bulls regroup to challenge the level again. For now, the market focuses on Ethereum’s ability to clear this crucial resistance and continue its upward trajectory. Featured image from Dall-E, chart from TradingView
With Bitcoin ($BTC/USDT) testing six-figure waters and global markets grappling with the dollar’s resurgence, the memecoin sector is revving up for its own spotlight