Analyst explains why not short Bitcoin right now Vinicius Barbosa Cryptocurrency Oct 20, 2024 Share Bitcoin’s (BTC) price volatility can offer both long and short opportunities for traders speculating on different time frames. However, an analyst navigated through the BTC price chart, explaining why shorting Bitcoin is not a good idea right now. In a […]
As of October 20, 2024, the cryptocurrency market continues to show mixed movements across various coins, with Bitcoin (BTC) maintaining a solid dominance and certain altcoins experiencing notable volatility. Here’s a breakdown of key statistics and events from the day, along with insights into market sentiment and liquidations. Daily Summary on October 20, 2024$APE $JUP […]
Could USDT’s $120 billion market cap trigger the next bull rally? Aneena Alex Cryptocurrency Oct 20, 2024 Share Tether USD (USDT), the largest stablecoin by market capitalization, has reached a significant milestone, surpassing the $120 billion mark. This growth in circulating supply is often viewed as a precursor to a potential bull rally in the […]
Trader turns $3K into $9M while other loses $43,500 out of FOMO Vinicius Barbosa Cryptocurrency Oct 20, 2024 Share The market will have losers and winners in the speculative trading game, with capital outflowing from the former to the latter. Usually, the winning group is made of a smart trader’s minority, leveraging some sort of […]
A cryptocurrency trading analyst has projected that January 2025 might be the moment when Bitcoin (BTC) clinches a new historical high. This projection follows Bitcoin’s ongoing rally that has placed the asset on the cusp of reclaiming the crucial $70,000 resistance. Alan Santana, rather than settling for conservative targets of $130,000, suggested that Bitcoin could […]
Why Bitcoin is set to surge past $130,000 in January 2025 Paul L. Cryptocurrency Oct 20, 2024 Share A cryptocurrency trading analyst has projected that January 2025 might be the moment when Bitcoin (BTC) clinches a new historical high. This projection follows Bitcoin’s ongoing rally that has placed the asset on the cusp of reclaiming […]
A closely followed crypto analyst is warning that Bitcoin (BTC) is not cleared for takeoff despite rallying above $68,000. Crypto strategist Justin Bennett tells his 133,400 followers on the social media platform X that Bitcoin is flashing mixed signals as BTC threatens to surge to new all-time highs. While BTC’s price is rising, Bennett warns […]
Bitcoin could reach six figures sooner than expected, driven by surging institutional flows into exchange-traded funds (ETFs), economic instability, and the U.S. presidential election, according to the chief investment officer of asset management firm Bitwise. The executive highlights factors like growing GOP support for cryptocurrencies and inflation concerns pushing investors toward BTC. With regulatory clarity […]
The cryptocurrency trading volume was considerably active on 19th October 2024, with a trading volume across the entire cryptocurrency market in the last 24 hours reaching $66.75 billion. Bitcoin ($BTC) still leads the pack with a value of $68,367 and a market share of 57.6%. Phoenix, a crypto analytical platform, shared the details of the […]
Bitcoin has achieved a 1.3 trillion dollar market cap and boasts hundreds of millions of users, but it is still met by some with skepticism, fear, and even disdain. Detractors label it a tool for criminals or speculative gamble with no real future in the global financial system. Even today, remnants of that narrative persist […]