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An analyst reveals a simple strategy for buying and selling Bitcoin using historical patterns followed by two BTC on-chain indicators. These Bitcoin On-Chain Indicators Historically Follow Certain Patterns in post In X, Axel Adler Jr, author of CryptoQuant, explained a simple strategy for timing the buying and selling of Bitcoin. This strategy is based on trends seen historically in his two on-chain metrics for BTC: Net Unrealized Loss (NUL) and Net Unrealized Gain (NUP). As the name suggests, these metrics track the total amount of unrealized losses and gains an investor currently has. These indicators work by looking at the…
Bitcoin Cash (BCH) has soared over 37% in the past seven days ahead of the upcoming halving event. BCH, the hard fork of Bitcoin that spun off from BTC in 2017, is trading at $573.39, up from $418.46 a week ago. According to hashrate market NiceHash, the Bitcoin Cash halving is currently scheduled for April 3rd. BCH halving occurs every four years at 210,000 block intervals, and on April 3rd, Bitcoin Cash's current block reward of 6.25 BCH will be reduced to 3.125 BCH. The crypto asset, which ranks 15th in terms of market capitalization, also gained more than 6%…
Many factors could improve the crypto market in the second quarter. However, Coinbase head of research David Duong said in a recent post that the positive effects may not be evident until late April.“In our view, the setup for Q2 2024 appears to be more favorable for cryptocurrency performance. That said, these positive factors will become more evident from the second half of April onwards. We think it has the potential to become,” Duong said.According to Duong, the crypto market has remained surprisingly stable despite recent US holidays and corporate financial adjustments. But he expects investors to sell their holdings…
US Federal Reserve Chairman Jerome Powell reassured the public by taking a strong stance on fears of a looming economic recession, even as Bitcoin rises as a hedge. Mr. Powell's confidence comes from analyzing current economic data and trends, and isolating political influences often clouds economic forecasts. This assertion was made in an atmosphere of skepticism about the role of monetary policy in ensuring long-term economic stability. Recession is unlikely this year Jerome Powell's declaration is consistent with his previous comments and emphasizes the Federal Reserve's commitment to data-based decision-making. Core PCE, which excludes volatile costs of food and energy,…
CEO of bit by bit Hunter Horsley has caused a storm in the crypto community with his latest statement.Horsley pointed to the future Bitcoin halving He compared this event to the previous event in 2020. By that time, Bitcoin was selling for about $9,000. With Bitcoin currently hovering around $70,000, the expected reduction in dollar supply soon will be far greater than all such events in the past. This halving, scheduled for April 19th, is expected to be a major bullish factor for Bitcoin price.Horsley's comparison highlights the magnitude of the upcoming halving. This event is expected to put upward…
A cryptocurrency analyst said, Predicted a significant price increase in XRP, expects the cryptocurrency to witness an increase of over 600%. in spite of, Historically slow growthXRP is starting to gain momentum and shows the potential to experience significant price increases during this period. 2024 bull market. Price is expected to exceed $5 A cryptocurrency analyst identified as Egrag Crypto requested the following from X (formerly Twitter): Predict of Exponential price rise For XRP. According to Egrag Crypto, XRP is “guaranteed” to rise between 600% and 1000% and hit a new all-time high near $5.5. Based on his predictions, XRP…
One cryptocurrency analyst has predicted a significant jump in the price of XRP, predicting that the cryptocurrency will witness a price increase of more than 600%. Despite historically slow growth, XRP is starting to gain momentum and shows the potential to experience significant price increases during the 2024 bull market. Price is expected to exceed $5A cryptocurrency analyst who calls himself Egrag Crypto predicted an exponential rise in the price of XRP on X (formerly Twitter). According to Egrag Crypto, XRP is “guaranteed” to rise 600% to 1000% and hit a new all-time high near $5.5. The analyst shared a…
April is expected to be a big year for the virtual currency market, with a major event scheduled for the Bitcoin (BTC) halving. This also affects other assets such as Solana (SOL) and Phantom (FTM). BeInCrypto investigates ongoing market movements and where these assets are expected to land. Bitcoin likely to rise to $77,000 Bitcoin price hit a new all-time high of $73,750 earlier this month, and the cryptocurrency has been on a downward trend ever since. As a result, the cryptocurrency formed a flag pattern on the 4-hour chart. The cryptocurrency broke out of this pattern earlier this week…
Following the SEC approval of several spot Bitcoin ETFs, many companies are also showing interest in ETH ETFs. Fidelity Investments, a Boston-based multinational financial firm, has joined the race for approval to list an Ethereum spot exchange-traded fund (ETF). While moving forward with its plans, the company filed an S-1 form with the U.S. Securities and Exchange Commission (SEC). Fidelity files S-1 form for Spot Ethereum ETF X Post from Radar as Spot Ethereum ETF competition intensifies revealed Fidelity Investments, a $4.5 trillion asset management firm, is said to be the latest applicant for ETH ETF approval. JUST IN: $4.5…
A British judge has frozen computer scientist Cragg Wright's assets worth $7.6 million after ruling that he is not Satoshi, the pseudonymous creator of Bitcoin (BTC). New court documents reveal that a judge has ordered a worldwide freeze of more than £6m of Mr Wright's assets as a means of avoiding court costs. Mr Wright may move his assets to Singapore as a way to avoid legal costs, the judge said. As the judge stated in court documents: “On Monday, March 18, Dr. Wright filed a document with Companies House relating to the company RCJBR Holding PLC, stating that the…