Social media platform Friend.tech endured a challenging launch last week, but its FRIEND token has shown signs of recovering.
Experienced analyst Benjamin Cowen shares insights on Bitcoin's current state. He warns of a potential summer downturn for Bitcoin following historical patterns. Continue Reading: Bitcoin Faces Potential Summer Decline, Analyst Warns
As the price action of Bitcoin continues to attract crypto investors’ interest, Michael Van De Poppe, a well-known market analyst and trader in a bearish scenario has made a worrying prediction, warning the community of a potential drop in price for the crypto asset to the $52,000 level. Bitcoin Poised For A Possible Decline Michael Van De Poppe’s prognosis explores the factors that are driving the gloomy view of Bitcoin‘s price trajectory, in the midst of market turbulence and uncertainty. Related Reading: Bitcoin Bears Keeps Pushing, Why BTC Could Turn Bearish Below $60K? Van De Poppe affirms that the largest crypto asset by market cap is currently at the range low. For Bitcoin to maintain the range and the upward momentum to persist, this is technically the region it should probably hold. Should the asset fail to sustain this position, Van De Poppe anticipates a potential movement on the downside in the future. Thus, he has placed his price targets at $55,000 or even further toward the $52,000 threshold. The post read: Bitcoin is at the range low. This is technically the area where you’d prefer to see it hold, so the upward momentum continues, and the range holds. If this doesn’t hold, then we might expect $52-55K as a potential low on this correction. Van De Poppe previously pointed out that Bitcoin is gradually moving close to the lower bounds of the range, in order to test support around $62,250 level. Consequently, it appears likely that BTC will keep moving toward the upside, following the breakout of the support level. However, since the recently concluded Bitcoin Halving event, boredom has set in, suggesting a possible price decline. Thus, should a correction on the downside eventually take place, $52,000 and $55,000 are the two levels Van De Poppe expects BTC to drop to. Despite the negative outlook for BTC, the crypto expert thus far has urged investors to acquire more of the coin. Opposite Sentiment On BTC’s Investment While Poppe solicits investors to invest more in BTC, crypto critic and gold advocate Peter Schiff, on the other hand, has urged investors not to do so. Instead, Schiff has highlighted a possible impending massive rally for assets like Gold, Silver, and mining stocks. Related Reading: Analysts Bullish On Bitcoin Despite Peter Schiff’s $20,000 Doom Scenario He claims that the charts and the fundamentals have never looked this promising. Due to this, Schiff implored investors to engage more with these assets, saying Bitcoin is dead money and holders should sell before it is buried. “Take advantage of what could be the biggest precious metals bull market in history,” Schiff added. As of today, Bitcoin’s price has shown resilience, fueling optimism of an upward movement. BTC has recovered the $63,000 price level once again after falling to nearly $60,700 on Thursday. The digital asset is trading at $63,077, indicating a 3% rise in the last 24 hours. Data from CoinMarketCap shows that both the market cap and trading volume have also increased by 3.10% and 5.52%, respectively, in the past day. Featured image from iStock, chart from Tradingview.com
The question on everyone’s mind is whether Bitcoin can reach the impressive $70,000 mark in the coming months. While Bitcoin’s performance remains a focal point, the spotlight is also on new altcoin presales that are showing promising potential for massive gains. Among these, Dogeverse, Wiener AI, and Sealana are emerging as key players in the crypto market, each with unique selling points and exciting prospects. Bitcoin’s Trajectory Aiming for $70K Bitcoin, the pioneer cryptocurrency, has been a rollercoaster of value fluctuations. Despite recent uncertainties, many analysts and investors are optimistic about its potential to surge to $70,000 in the near future. Factors such as market sentiment, institutional adoption, and macroeconomic conditions play crucial roles in shaping Bitcoin’s trajectory. It has been showing signs of a strong recovery, with some analysts suggesting that it could reach or even surpass $70,000 by the end of the year. This optimism is partly driven by the macroeconomic environment, including monetary policies and traditional finance (TradFi) investors increasingly allocating to Bitcoin ETFs. The approval of Bitcoin ETFs has been a significant positive driver, suggesting a more mainstream adoption and institutional interest in cryptocurrency. Market analysts from Coinpedia and crypto.news have noted that Bitcoin has already brushed against the $70,000 mark and, supported by substantial investments from ‘whales’ (large-scale holders), could be poised for new highs. >>>Buy The Best Coin Now >>Buy Dogeverse now >>Buy Weiner AI now >>Buy Sealana now
As of May 10, 2024, bitcoin exhibits a promising recovery trajectory, albeit amidst mixed market signals across various technical frameworks. Following an intraday fluctuation ranging from $60,954 to $63,388, at present, bitcoin is coasting along values between $62,861 to $63,272 per unit, suggesting a market grappling with both bullish and bearish sentiments. Bitcoin Bitcoin’s (BTC)
Toncoin's price increased by about 15% today, surpassing the $6.50 resistance. The cryptocurrency is now trading close to $7, indicating strong momentum. Continue Reading: Toncoin Price Surges to $7
The post Bearish Flags Flutter Over Ethereum & This Popular Altcoin as They Could be Poised for a 10% Pullback appeared first on Coinpedia Fintech News The ongoing price variation with Bitcoin does not largely impact the top altcoins like Ethereum and Avalanche, as the prices continue to trade within a range. The BTC price rebounded by over 5%, which was expected to trigger a healthy 10% upswing in the altcoins within the top 15. However, a minor rise in the …
The post Hacker Returns 11K ETH In AWBTC Attack Worth $71 Milion appeared first on Coinpedia Fintech News A hacker, after absconding with $71 million worth of Wrapped Bitcoin (WBTC) from a trader is now refunding in Ethereum, which has drawn the attention of the global crypto community. As per insights from on-chain analytics platforms, 4676 $ETH worth $14.2 million was returned to the victim which has captivated the crypto community. Speculations are …
zkLogin, a leading authentication platform leveraging zero-knowledge proofs for privacy-preserving logins, has announced significant upgrades to its service, including multi-signature recovery and support for Apple credentials. These new features mark a major milestone in zkLogin’s mission to provide users with secure, convenient, and privacy-focused authentication solutions. Apps that employ zkLogin enable users to generate a …
The current kimchi premium level may be a positive sign for the crypto market, as it shows enough room for a rally.