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Markets and Prices

Peter Brandt Warns of Potential 75% Bitcoin Decline if All-Time High Stays Out of Reach

Peter Brandt Warns of Potential 75% Bitcoin Decline if All-Time High Stays Out of ReachPeter Brandt, a well-known trader and chartist, has warned bitcoin investors about troubling market patterns. He highlighted that BTC has gone 30 weeks without a new all-time high, historically leading to severe declines of up to 75%. While Brandt remains optimistic, forecasting a bitcoin price of $135,000 by late 2025, he cautions that a close […]

El Salvador’s tourism thrives amid Bitcoin adoption

JPMorgan Analysts Predict Bitcoin Gains in Q4 as ‘Uptober’ Trend Takes Hold

JPMorgan Analysts Predict Bitcoin Gains in Q4 as ‘Uptober’ Trend Takes HoldJPMorgan analysts are showing optimism as bitcoin exhibits strong upward trends moving into the fourth quarter. They highlighted October’s historically positive returns for the cryptocurrency and suggested this trend could persist. “We continue to see the crypto ecosystem being incrementally more sensitive to macro factors,” the analysts noted. JPMorgan Sees Bright Prospects for Bitcoin in […]

El Salvador’s tourism thrives amid Bitcoin adoption

Bitcoin Technical Analysis: Uptrend Intact, But Indicators Warn of Short-Term Correction

Bitcoin Technical Analysis: Uptrend Intact, But Indicators Warn of Short-Term CorrectionBitcoin is trading at prices between $62,856 to $63,016 at press time, with a market cap of $1.24 trillion and a 24-hour trade volume of $23.87 billion. Intraday, prices fluctuated between $62,120 and $63,909, showing signs of consolidation. Despite the overall uptrend, oscillators and moving averages paint a mixed picture, hinting at potential corrections while […]

El Salvador’s tourism thrives amid Bitcoin adoption

Ethereum Technical Analysis: Oscillators and Moving Averages Hint at Bearish Trend

Ethereum Technical Analysis: Oscillators and Moving Averages Hint at Bearish TrendAs of Oct. 7, 2024, ethereum is trading between $2,467 and $2,473, with its market capitalization standing at $297 billion. Over the past 24 hours, its price has moved within a range of $2,416 to $2,510, accompanied by a trading volume of $12.87 billion. The 1-hour, 4-hour, and daily charts all suggest the market is […]

El Salvador’s tourism thrives amid Bitcoin adoption

This Week’s NFT Sales See 10% Growth After Difficult September

This Week’s NFT Sales See 10% Growth After Difficult SeptemberFollowing a slow period for non-fungible token (NFT) sales in September, the past week has shown a 10.07% rise in revenue compared to the previous week. According to data from cryptoslam.io, the total NFT sales reached $85.8 million, with Ethereum contributing $27.75 million. NFT Market Sees $85.8M in Sales, Ethereum Tops $27M Over the past […]

El Salvador’s tourism thrives amid Bitcoin adoption

Bitcoin Gains Expected as US Jobs Data Drives Fed Rate Cuts, Analyst Says

Bitcoin Gains Expected as US Jobs Data Drives Fed Rate Cuts, Analyst SaysA researcher from 21shares has offered an analysis of how bitcoin’s price could respond to the U.S. jobs report. The analyst indicates that BTC prices could increase if the Federal Reserve reduces interest rates. These rate cuts, which are likely tied to labor market trends, could lower borrowing costs, potentially boosting the cryptocurrency market. Bitcoin’s […]

El Salvador’s tourism thrives amid Bitcoin adoption

Standard Chartered Sees Buying Opportunity as Bitcoin Nears $60K Dip

Standard Chartered Sees Buying Opportunity as Bitcoin Nears K DipStandard Chartered has cautioned that bitcoin could drop below $60,000 due to rising geopolitical tensions in the Middle East. While the bank sees this as a buying opportunity, it also highlights the unique relationship between BTC’s price and the U.S. presidential race. Former President Donald Trump’s improving odds could enhance bitcoin’s long-term outlook, but a […]

El Salvador’s tourism thrives amid Bitcoin adoption

JPMorgan: Gold and Bitcoin Surge as Debasement Trade Gains Momentum

JPMorgan: Gold and Bitcoin Surge as Debasement Trade Gains MomentumGlobal investment bank JPMorgan’s analysts have highlighted the growing impact of the “debasement trade” in boosting gold and bitcoin prices. Gold’s rise is linked to inflation, geopolitical instability, and waning trust in fiat currencies. Both institutional and retail investors are viewing gold and bitcoin as safe havens amid global economic uncertainty, with future trends depending […]

El Salvador’s tourism thrives amid Bitcoin adoption

Cleanspark CEO Predicts Bitcoin $200K Peak Within 18 Months

Cleanspark CEO Predicts Bitcoin 0K Peak Within 18 MonthsCleanspark CEO Zach Bradford predicts a dramatic rise in bitcoin’s value, forecasting a peak near $200,000 within the next 18 months. His outlook suggests rapid growth followed by stability, driven by bitcoin’s current price behavior and broader market dynamics. He also links the U.S. presidential election to potential price surges, while emphasizing the advantages of […]

El Salvador’s tourism thrives amid Bitcoin adoption

Ethereum Technical Analysis: ETH Price Consolidates Amid Market Uncertainty

Ethereum Technical Analysis: ETH Price Consolidates Amid Market UncertaintyOn Sept. 30, 2024, ethereum’s price showed consolidation near $2,630 after testing key support and resistance levels. The market exhibits mixed momentum, as oscillators point to neutrality while moving averages provide conflicting signals. Traders are closely watching whether the second leading crypto asset will break through resistance or test lower support zones, given the current […]

El Salvador’s tourism thrives amid Bitcoin adoption