The post VanEck Bitcoin Prediction : BTC will be $180,000 by 2025! appeared first on Coinpedia Fintech News Bitcoin has been making some big moves lately. After the U.S. elections on November 5, the Bitcoin price shot up by about 30%. As of November 13, it even reached almost $93,500, before dropping a bit to $88,100 a couple of days later. VanEck predicts Bitcoin will go $180,000 by 2025. It’s clear that something’s …
J. Christopher Giancarlo, dubbed “Crypto Dad,” recently quashed rumors regarding his potential return to the SEC amid rising speculation surrounding regulatory changes in the crypto space. Giancarlo emphasized that he
He also pushed back against rumors he was seeking “some crypto role” in the Treasury department, claiming they were “also wrong.”
As several meme coins staged a bullish move in the past few days, WIF recovered fully to the top following an impressive rally but is yet to break higher. Activating bullish with a break out of a mid-term resistance line last month, WIF faced a rejection under the key $3
The post Why is Crypto Down Today? Market Sees $3B in Liquidations appeared first on Coinpedia Fintech News The cryptocurrency market, led by Bitcoin (BTC), has experienced low bullish sentiments in the past five days. The total crypto market cap slipped 4 percent in the past 24 hours to hover about $3.03 trillion on Friday, November 15, during the early Asian session. Bitcoin price dropped over 2 percent in the last 24 hours …
Last week Solana ecosystem saw 181,000 new tokens emerge on DEXs, with memecoins continuing to dominate this activity. Read original article on coincu.com
Ethereum co-founder Joe Lubin has unveiled an innovative project, Network State, aimed at empowering individuals to assert their “personal sovereignty” in the crypto realm. This initiative emerges as crypto firms
On Nov. 14, 2024, a mysterious mega whale, tracked by our newsdesk since 2020, splashed back onto the scene by shifting an impressive 40 block rewards from 2010—a total of 2,000 BTC. This rare transaction, the first of its kind in well over a decade, has onchain watchers buzzing as this major holder once again
The massive Bitcoin (BTC) rally following Donald Trump’s victory in the US presidential election is beginning to show signs of slowing down, particularly in the derivatives market, as evidenced by the leading digital asset’s retreat below the $90,000 mark on Thursday. Bitcoin Experiences Significant Liquidation Activity According to Bloomberg data, the premium for CME-listed Bitcoin futures contracts—commonly used by institutional investors to speculate on price movements—has decreased, indicating a potential shift in market sentiment. K33 Research notes that the basis, or the difference between the futures price and the spot price, has dropped to around 10% after previously hovering between 13% and 16% since the election. Related Reading: New Era For Crypto Regulation? SEC Chair Gensler Suggests He May Step Down Vetle Lunde, head of research at K33, remarked, “Markets seem to be cooling down… that might have been a subtle hint of moderating risk profiles.” This shift suggests that investors may be reassessing their strategies in light of the recent price volatility. Currently, Bitcoin is trading at $87,970, down from its all-time high of $93,462 reached just a day ago. Since Trump’s election victory, the cryptocurrency has seen an increase of over 30%. However, this rally has been accompanied by significant liquidation of leveraged bullish positions. In the past 24 hours, liquidations of long positions—those betting on price increases—totaled $447 million, compared to $207 million for bearish bets. Renewed Trader Interest Profit-taking is also contributing to the recent downturn, particularly as Bitcoin approached the $90,000 mark, which has historically been a significant level for open interest in call options. James Davies, CEO of Crypto Valley Exchange, noted, “Crazy speculative days in the market, big profit taking in the last few hours… $90k is a massive level in the call options open interest.” The rally has primarily been fueled by fresh demand in the spot market, evidenced by substantial inflows into exchange-traded funds (ETFs) backed by Bitcoin and relatively moderate leverage among traders. Interestingly, the funding rate for Bitcoin perpetual futures on offshore exchanges rose after falling earlier in the week, indicating renewed interest among traders after the so-called “Trump trade” catalyst. Related Reading: Solana ‘God Candle Is Close’ As It Breaks From Crucial Resistance – Top Analyst Options traders are increasingly optimistic, with growing interest in calls with strike prices at $110,000 and $120,000, according to data from Deribit. As Davies commented, “It’s all pure speculative trading right now, expect lots of volatility and a lack of clear signals for a while whilst we wait for policy announcements in the U.S.” As the market approaches the expiry of November options, all eyes will be on whether the $90,000 price point will serve as a resistance level or if Bitcoin can surpass it once again. Featured image from DALL-E, chart from TradingView.com
Aptos (APT) recently hit a 7-month high before facing a near-term downturn.