Dutch analyst PlanB, the creator of the Stock-to-Flow (S2F) model, a bitcoin price forecasting model, told X that "1 BTC is now worth 26 ounces of gold. In 2024, the price of bitcoin will rise to 35 ounces (about $70,000), and in 2025 it will reach 300 ounces (about $600,000)."
According to Forbes, a number of analysts are looking at the $3,000 level as support and resistance for ETH. Tim Enneking, Managing Partner at Psalion, said, "Near-term resistance has been established at $3,000. It could take about a week for this resistance to turn into support," said Tim...
Ethereum (ETH) has hit 2.94K and is targeting 3K. First time since April 2022. Meanwhile, LookOnChain reported via X that "a certain whale has withdrawn 11,587 ETH (approximately $33.5 million) from Binance. The whale had bought a total of 64,346 ETH (approx. $178.9 million) on CEX and DEX since...
The US Federal Reserve's FOMC has reportedly abandoned its plans to cut interest rates and may instead revise its monetary policy stance by raising interest rates, causing panic on the New York Stock Exchange. Not only the NYSE, but also the exchange rate of government bonds, international oil...
On the 21st, Nvidia reports earnings. Nvidia is up more than 46% so far this year, bringing its market capitalization to $179.4 billion, making it the third-largest U.S. company by market capitalization. Nvidia's earnings announcement will be a good indicator of whether this enthusiasm can...
According to a survey of crypto investors in South Korea, 62.7% of respondents (38.6% last week) expect Bitcoin to rise or surge this week. Sideways movement was expected by 23.0% (46.5% last week), while 14.3% (14.9% last week) expected a decline and a sharp drop. When asked about market...
According to Bitcoin.com, NFT sales reached $255.22 million last week, down 12.67% from the previous week. Ethereum (ETH)-based NFTs accounted for the largest share of this total at $130 million, followed by Solana (SOL) at $46 million and Bitcoin (BTC) at $40.9 million. The NFT market has seen a...
"Bitcoin spot ETFs saw 30-day net inflows of $3.31 billion," said BitMEX Research. Grayscale GBTC saw net outflows of $150 million, but net inflows from BlackRock IBIT ($191 million) and Fidelity FBTC ($116 million) offset the outflows. Cumulative net inflows for the week totaled $2.73 billion,...
In case you've been living under a meme, ETF or coin, we're excited to announce that we're minting 3,333 new ON1 NFTs from Oniforce, with hype artwork and an epic story! What is On1Force? ON1 is an animated media, games and technology company that creates multimedia products around intellectual...
As Glassnode told X, "87% of the BTC supply has a bid price below $48,000. Short-term holders are concentrated in the $40,000 to $45,000 range. The BTC supply that is in a loss position (13%) is mainly held by long-term holders. This includes buyers at the 2021 highs. While the BTC price is 28%...
CNBC reported that if you bought $1,000 worth of bitcoin 10 years ago, it would be worth about $77,443 as of Feb. 14 (local time), an increase of 7,644%. "If you bought $1,000 worth of bitcoin five years ago, it would be worth about $14,524 today (a 1,352% increase), and if you bought it one year...
According to cryptocurrency options exchange Deribit, $1.09 billion worth of bitcoin options will expire at 17:00 UTC on February 16. The put/call ratio is 0.91 and the max pain (the price at which most option buyers lose their premium) is $46,000. At the same time, $5.6 billion worth of Ethereum...
