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FOMO Unleashed: Expert Reveals How Far Bitcoin’s Rally Could Go

FOMO Unleashed: Expert Reveals How Far Bitcoin’s Rally Could GoBitcoin’s new all-time high has ignited fear of missing out (FOMO) among investors, driving speculation on how high it could soar before any realities dampen the momentum. Bitcoin’s Unstoppable Climb Ignites FOMO Across Global Markets Bitcoin has reached a new all-time high, spurred by investor enthusiasm and a wave of “fear of missing out” (FOMO) […]

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Santiment Says Retail FOMO About To Hit Cardano, Sees Ethereum-Based Coin Decoupling From Altcoin Pack

Santiment Says Retail FOMO About To Hit Cardano, Sees Ethereum-Based Coin Decoupling From Altcoin Pack

Smart contract platform Cardano (ADA) could soon witness retail fear of missing out (FOMO), according to crypto analytics platform Santiment. In a new thread on the social media platform X, Santiment says that ADA’s surprising 25% jump last week will prompt retail investors to jump into the crypto asset. “Cardano has been one of the […]

The post Santiment Says Retail FOMO About To Hit Cardano, Sees Ethereum-Based Coin Decoupling From Altcoin Pack appeared first on The Daily Hodl.

Helix mixer operator gets 3 years in prison for money laundering

Retail investors increasingly buying crypto despite volatility: IOSCO

Crypto ownership among retail investors continues to increase despite market setbacks over the past four years. 

Crypto ownership has significantly increased among retail investors since 2020, according to the Board of the International Organization of Securities Commissions (IOSCO), which called for more investor education about the space.

Fifteen out of 24 surveyed jurisdictions reported up to 10% or more of retail investors owned crypto last year, while six jurisdictions reported up to 30% or more crypto ownership, according to an Oct. 9 IOSCO report.

This is a steep increase from 2020, when half of the responding jurisdictions estimated that between 1% and 5% or less of investors owned crypto.

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Helix mixer operator gets 3 years in prison for money laundering

Crypto Fear & Greed Index Jumps Back into Greed Territory

August had an average rating of "Fear" on the Crypto Fear and Greed Index, hitting a yearly low of 17 on Aug. 6. 

The Crypto Fear and Greed Index has reached its highest point since July, spending two consecutive days above a score of 60. 

The index’s Sept. 28 update showed a score of 64, placing it within the “Greed” territory as the Bitcoin (BTC) price briefly touched the $66,000 mark, according to CoinMarketCap.

The Crypto Fear and Greed Index was created to numerically represent the current “emotions and sentiments” toward Bitcoin and the crypto market. The highest score is 100, and the lowest is 0. 

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Helix mixer operator gets 3 years in prison for money laundering

Bitcoin’s impending ‘death cross’ might not be ‘so deadly’ for BTC bulls — Analyst

Bitcoin appears on the verge of confirming a death cross, but one analyst says historical data suggests it's nothing to worry about.

Bitcoin’s (BTC) price action looks to be approaching a “death cross,” but one crypto analyst believes it might not be “so deadly” based on historical patterns. Instead, it could be a bear trap before Bitcoin enters a “super bull rally,” looking at a theoretical BTC’s seven-year super cycle.

A death cross is a bearish signal that occurs when the 50-day simple moving average (SMA) of an asset’s market price falls below the 200-day SMA.

Currently, Bitcoin’s 50-day SMA is at $62,141 and falling, indicating a potential crossover with the 200-day SMA at $61,676.

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Helix mixer operator gets 3 years in prison for money laundering

The Bitcoin bottom is not in — BTC traders set price targets in low $40K range

Crypto traders appear to agree that today’s market rout is far from over.

Bitcoin (BTC) tumbled below $50,000 during the early Asian trading hours on Aug. 5 as risk-off sentiment gripped global markets. Bitcoin is down nearly 31% over the last three days in a “once in a 7-10 yr event” that has left analysts with mixed opinions on whether BTC will recover in the short term.

Bitcoin’s drop below $50,000 has seen more than $500 billion wiped out of the crypto market in just 24 hours, accompanied by the liquidation of many leverage positions.

According to data from Coinglass, approximately $1.08 billion worth of leverage positions have been liquidated across derivatives markets, with long liquidations accounting for 74% of these, at $803.76 million.

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Helix mixer operator gets 3 years in prison for money laundering

Bitcoin traders risk-off as BTC price falls to $62K — Is a generational bottom approaching?

Bitcoin traders anticipate a potential price drop below $60,000. Will dip buyers show up?

Bitcoin (BTC) dropped by $2,300 one hour after the Wall Street opening on Aug. 2, reaching $62,368 on Coinbase. Bitcoin price has seen little change, rising 1% over the last 24 hours to trade at $63,252.

This sell-off has seen the price lose key support levels: the 50-day exponential moving average (EMA) at $64,300 and the 100-day EMA at $63,670.

“We got the #Bitcoin sweep I was waiting for and a nice reclaim of the range,” declared Bitcoin analyst AlphaBTC in an Aug. 2 post on X.

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Helix mixer operator gets 3 years in prison for money laundering

Analysts forecast $200K+ Bitcoin price after BTC’s bullish momentum returns

Bitcoin’s decisive move above $65,000 and miners' return to deep profitability could lead to BTC hitting $220,000.

Bitcoin could be headed to $220,000 after reclaiming key support levels during the current market recovery. This price target is based on historical Bitcoin miner capitulation patterns as observed by multiple crypto traders. 

“The end of Miner Capitulation periods following Bitcoin Halvings” has historically preceded significant increases in BTC price “in the subsequent months and year,” pseudonymous crypto analyst Cryptonary wrote in a July 17 X post, when Bitcoin (BTC) was hovering just below $65,000.

The analysts shared a hash ribbons chart showing miner capitulation periods and their characteristics. The chart revealed that the end of miner capitulation in previous Bitcoin halving cycles has been followed by massive increases in BTC price: 5,110%, 3,346% and 591% increases post-miner capitulation during the 2012, 2016 and 2020 cycles, respectively.

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Helix mixer operator gets 3 years in prison for money laundering

Bitcoin price rally to $65K fueled by ‘complete exhaustion’ from sellers — Glassnode

Bitcoin price displayed surprising strength after various market participants absorbed over 48,000 BTC that the German government sold.

Bitcoin (BTC) price is experiencing a “near-term sell-side relief” as it marched through$65,000, according to onchain data from Glassnode. 

Data from Cointelegraph Markets Pro and TradingView reveals that in the ongoing recovery, the price of Bitcoin has rallied more than 20% from a low of $56,616 on Friday, July 12, to an intraday high of $65,210 on July 16, which Glassnode attributes to “complete exhaustion of the German government sell-side pressure.”

According to the market intelligence firm, large entities, including miners and institutions, have historically been primary sources of sell-side pressure. The recent drawdown in Bitcoin price to $53,000 has largely been attributed to expected repayments by the defunct Japan-based crypto exchange Mt. Gox and BTC sales by the German government.

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Helix mixer operator gets 3 years in prison for money laundering

Bitcoin traders forecast $80K+ BTC price target after recent funding rate reset

Analysts expect Bitcoin price to test the $80,000 zone now that the halving is complete and BTC’s funding rate reset.

Bitcoin (BTC) marked its highest daily close in over ten days on April 21, reclaiming the $65,000 level. BTC price rose from a low of $64,346 on April 21, climbing 3.5% to an intraday high of $66,527 on April 22.

Data from Cointelegraph Markets Pro and TradingView showed BTC price trading at $65,910 at the time of publication, up 1.7% over the last 24 hours.

The price of the pioneer cryptocurrency has been up 5% since the Bitcoin supply halving two days ago. This saw miner rewards cut in half, from 6.25 BTC per block to 3.125 BTC. Some market participants are wondering whether Bitcoin will continue its uptrend post-halving.

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Helix mixer operator gets 3 years in prison for money laundering