Crypto market cap hits $3.1T high, could soon surpass France’s GDP

November 12, 2024 Coin Telegraph

Crypto market cap hits .1T high, could soon surpass France’s GDP

If the crypto market were a country, it would be the eighth largest in GDP terms behind the United States, China, Germany, Japan, India, the United Kingdom and France.

Crypto market capitalization has reached a new all-time high of $3.12 trillion — and is now close to surpassing France’s gross domestic product (GDP).

On Nov. 11, total crypto market capitalization soared 7% over 24 hours, due mainly to a sudden surge in Bitcoin, which rallied to $89,500.

If the crypto market were a country, it would be the eighth largest in GDP terms behind the United States, China, Germany, Japan, India, the United Kingdom and France.

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Szabo or NSA? New report revisits Bitcoin creator mystery

October 8, 2024 Coin Telegraph

10x Research

As HBO’s documentary sparks fresh debate, a new report from 10x Research revisits theories about Bitcoin’s enigmatic creator, Satoshi Nakamoto, involving Nick Szabo and the NSA.

The debate over the identity of Bitcoin creator Satoshi Nakamoto is back in the spotlight with the upcoming release of an HBO documentary.

As part of the renewed interest, 10x Research has published a report revisiting two leading theories: one pointing to cryptographer Nick Szabo and the other suggesting involvement by the United States National Security Agency (NSA).

Both theories are part of a larger debate that has attracted renewed interest with the upcoming HBO documentary investigating the origins of the world’s first cryptocurrency.

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Bitcoin technical indicators ‘improving’ at $59K may trigger short squeeze

August 21, 2024 Coin Telegraph

<div>Bitcoin technical indicators 'improving' at K may trigger short squeeze</div>

10x Research

Bitcoin technical indicators are “improving” — meaning a short squeeze may be “inevitable,” according to crypto analysts.

Several of Bitcoin’s popular trading metrics are flashing positive which may force traders to act quickly and cover their positions if macroeconomic events align, according to a crypto analyst.

“Technical indicators are improving, and with some traders holding short positions, there’s potential for a short squeeze,” 10x Research head of research Markus Thielen said in an Aug. 21 report.

One of the key metrics that caught Thielen’s eye as a sign of improvement is Bitcoin’s relative strength index (RSI) “bottoming out” — which measures the speed and change of its price movements to identify overbought or oversold conditions.

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Bitcoin $59K price may swing ‘drastically’ amid election year parallels

August 17, 2024 Coin Telegraph

<div>Bitcoin K price may swing 'drastically’ amid election year parallels</div>

10x Research

If Bitcoin follows the same pattern as previous election years, August will be "nothing crazy," but a breakout may occur within a month or two, according to a crypto analyst.

Bitcoin’s price chart is mirroring patterns seen in previous United States election years, and its recent lack of momentum could be significantly reversed, according to a cryptocurrency analyst.

“Bitcoin has seen the same sort of structure” crypto analyst Matthew Hyland pointed out in an Aug. 16 analyst video. He explained that Bitcoin’s (BTC) recent extended consolidation followed by a downturn— which saw Bitcoin fall below $50,000 at the beginning of August — is similar to patterns seen in 2012, 2016, and 2020 ahead of US presidential elections.

“I’ll go back to August 2012, a massive crash right here. Then we slowly moved into the election, before moving up drastically after the election,” Hyland added.

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Crypto products shed $528M amid recession fears — CoinShares

August 5, 2024 Coin Telegraph

Crypto products shed 8M amid recession fears — CoinShares

10x Research

As Bitcoin dropped below $50,000, analysts expect more outflows that would potentially drive prices down to $42,000.

Cryptocurrency assets started seeing significant outflows last week amid growing fears of a recession in the United States and geopolitical concerns, according to a new report by the crypto investment firm CoinShares.

The week of July 28 to Aug. 3 saw digital asset investment products posting outflows for the first time in four weeks totalling $528 million, CoinShares reported in its latest digital asset fund flows report published on Aug. 5.

CoinShares noted that the latest crypto sell-off is believed to be a reaction to fears of a recession in the US, geopolitical uncertainty and consequent broader market liquidations across the majority of assets.

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Bitcoin Dips to $56,952 as Market Reacts to Mt Gox and German BTC Moves

July 4, 2024 Bitcoin.com

Bitcoin Dips to ,952 as Market Reacts to Mt Gox and German BTC Moves

10x Research

On Thursday, July 4, 2024, the price of bitcoin fell below $57,000, reaching a low of $56,952 at 5:20 a.m. EDT. There is widespread speculation about the Mt Gox distribution and the German government’s transfer of approximately 3,000 bitcoin to unidentified wallets, Coinbase, Bitstamp, and Kraken. Bearish Sentiment Grows as Bitcoin Continues to Slide Bitcoin’s […]

10x Research

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