Sentiment for Ethereum (ETH) has reached its lowest levels in a year as the second-largest crypto by market capitalization struggles to reclaim the $4,000 mark. Despite investors’ sentiment, some analysts suggest that the King of altcoins is about to kickstart its bullish run to new highs. Ethereum Sentiment Drops To Yearly Low According to crypto
Crypto Market Plunges After Fed Rate Cut, $850 Million Liquidated
The crypto market saw a sharp plunge, with total liquidations surpassing $850 million following the Federal Reserve’s 25-bps rate cut. Source: https://www.aarp.org/money/budgeting-saving/info-2024/fed-interest-rate-cuts-retirees.html Federal Reserve Chairman Jerome Powell hinted at cautious future rate adjustments, which scared investors. He also m
Nasdaq 100 Index Plummets After Fed Decision
On 17th December, analysing the Nasdaq 100 chart (US Tech 100 mini on FXOpen), we:→ Drew a blue upward channel relevant for 2024;→ Noted that the price was near the upper boundary of the channel, while the RSI indicator had entered the overbought zone;→ Suggested that bulls might face difficulties in pushing the price to […]
Why Is Bitcoin Down Today? BTC Price Sees Sharpest Drop in 135 Days
The world’s leading cryptocurrency, Bitcoin (BTC), experienced significant volatility following the Federal Reserve’s (Fed’s) latest monetary policy announcement, briefly dipping below the psychological $100,000 mark before staging a recovery. The price action reflects broader market uncertainty as investors digest the Fed’s more
BlackRock’s Bold Claim: Bitcoin’s Supply Limit May Not Be Final
A recent video from BlackRock has reignited the debate over whether Bitcoin’s BTC total supply is truly capped at 21 million.
Crypto Expert Predicts Major Altcoin Season As Market Cap Eyes Record Levels
Market expert Lark Davis has recently taken to social media to assert that the much-anticipated altcoin season is far from over despite short-term corrections and challenges the broader crypto market faces. Davis believes that significant opportunities lie ahead for altcoins, particularly as their total market capitalization (excluding Bitcoin and
Bitcoin Mining Machines From China in High Demand: Reports
After Bitcoin hit an all-time high of $108,135, China has been seeing a lot of increased demand for…
Bitcoin May Surge To $200,000 By Mid-2025 Amid ‘Mild’ Price Pullbacks: Report
In a report published on December 17, analysts at cryptocurrency exchange Bitfinex stated that a combination of rising institutional adoption of Bitcoin (BTC) and bullish technical indicators could push the leading cryptocurrency as high as $200,000 by mid-2025. The report also predicts that any price corrections during 2025 are likely to ‘remain m
The US Dollar Hits New Highs After the Fed Meeting
Yesterday the Federal Reserve cut the interest rate by 0.25% from 4.50%-4.75% to 4.25%-4.50%, as previously forecast. Despite this decision by the regulator, the US currency strengthened, and some currency pairs are nearing multi-year highs. For instance, the USD/CAD pair is trading near its 2020 highs, GBP/USD has dropped below 1.2600, and EUR/USD
Ex VP Dylan Meissner Sentenced to 4 Years for $4.5 Million Crypto Theft
Dylan Meissner, ex VP of finance at Delphi Digital, has been sentenced to four years in prison for…