In-depth cryptocurrency market analysis. Expert insights on Bitcoin, altcoin price trends, technical indicators, and data-driven market predictions.
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 Meanwhile, LookOnChain reported via X that "a certain whale has withdrawn 11,587 ETH (approximately $33.5 million) from Binance.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...
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,...
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%...
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...
Market Overview -Bitcoin price closes above $51,800 -Bitcoin hits $52,800, its highest price since December, 2021 -Volume dominance is 54.0% for bitcoin, 17.7% for ether, and 12.0% for altcoins -Total coin market capitalization is $1.89 trillion, with Bitcoin entering the $1 -trillion era and...
In a report released on Friday, Singapore-based cryptocurrency trading firm QCP Capital said, "The massive inflows are likely to continue as global liquidity flows into BTC spot ETFs. BTC could easily hit a new all-time high before March," the report said. "BTC has regained $50,000 for the first...
U.S. asset manager ArkInvest sold 214,068 shares of Coinbase on Thursday through its ARK, ARKW and ARKF funds, according to ArkInvest Daily. Meanwhile, shares of cryptocurrency exchange Coinbase are up 37% in the past week ahead of its fourth-quarter earnings report. Analysts expect Coinbase's...