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Bitwise Chief Investment Officer Matt Hogan has revealed the catalyst he believes will propel Bitcoin (BTC) above $100,000. Hogan said on social media platform X that macroeconomic conditions and on-chain data seem to suggest Bitcoin is poised to spark a massive rally. Major central banks are adopting accommodative monetary policies as the supply of bitcoin dwindles after this year's halving event cut BTC miners' rewards in half, according to a Bitwise executive. “We are heading towards six-digit Bitcoin. *ETF flows re-accelerate* Elections are coming* Infinite deficit (bipartisan agreement!)*China's economic stimulus measures* Global interest rate cuts (FRB, ECB)* Supply shocks are…
Perhaps as expected, Bitcoin's price action subsided over the weekend, with the asset still above the $68,000 level. Although altcoins were slightly in the red over the past day, they had a very strong trading week with impressive gains for ETH, SOL, BCH and especially DOGE. BTC settles above $68,000 There were no fireworks this past weekend as BTC rallied to $62,000 after falling below $59,000 on Thursday. The volatile price swings remained in the trading week, starting with a spike in prices on Monday, initially rising to $64,500 and then $66,500 during the day. Tuesday was even more volatile,…
The crypto market ends this week with notable developments playing out across the broader sector. Bitcoin (BTC) ended the week at the $68,000 level on the back of an “updraft” bull market, while the memecoin sector grabbed attention with a notable rally. At the same time, new developments in the XRP lawsuit have heightened investor speculation over Ripple coin's price. Here is a quick report on some of the top crypto market headlines from CoinGape Media over the past week. These sent the entire market into a frenzy. Bitcoin holdings reach $68,000, sparking optimism BTC price remained at the $68,000…
Ethereum has reached a critical point with a head-and-shoulders neckline and the important 100-day moving average. A potential breakout could lead to a significant rally due to a large short-term liquidation cascade. Price trends over the next few days will play a key role in determining the broader outlook for ETH. technical analysis Written by Shayan daily chart Ethereum has reached a critical point in the key resistance area consisting of the head-and-shoulders neckline and the 100-day moving average at $2.7,000. Price trends over the past few days have been flat with low volatility, reflecting the equilibrium between buyers and…
Ethereum has reached a critical point with a head-and-shoulders neckline and the important 100-day moving average. A potential breakout could lead to a significant rally due to a large short-term liquidation cascade.Price trends over the next few days will play a key role in determining the broader outlook for ETH. technical analysisBy ShayanThe Daily ChartEthereum has reached a critical point in the key resistance area consisting of the head-and-shoulders neckline and the 100-day moving average at $2.7,000. Price trends over the past few days have been flat with low volatility, reflecting the equilibrium between buyers and sellers. This shows that…
Last weekend was a whirlwind in the world of cryptocurrencies. The stories were as diverse as they were interesting, from a man suing his city council over lost Bitcoin to a Coinbase CEO expressing admiration for Elon Musk's productivity. Here's a quick summary of the top headline-grabbing articles. Bitcoin landfill lawsuit: Welsh software engineer James Howells has filed a lawsuit against Newport City Council. Mr Howells has claimed damages of around £495.31 million ($647 million) after the city council repeatedly refused his request to excavate a landfill site where he mistakenly disposed of hard drives containing around 8,000 units of…
After the NFT crash a few years ago, ApeCoin was one of the most affected projects and seems to have disappeared from the sights of most cryptocurrency users. However, the protocol made a huge announcement a few hours ago that fueled an incredible rally for its native token, pushing the price above the coveted $1 level. $APE || NFT season begins! and $APE The booming NFT season is about to begin. Pay attention to NFTs. Billions of dollars will flow in. similar to $ALTS, #NFT Will bring generational wealth to patient peeps! @apecoin pic.twitter.com/RoH9yYgDTe — Crypto Catalysts (@Crypt0Catalysts) October 20,…
7:05 ▪ 4 Minimum read time up to ▪ Evans S. Bitcoin's price has risen sharply in recent months, at one point topping $68,000, but an alarming new warning is spooking investors. Elon Musk, the famous billionaire who heads Tesla's executive team, has sounded the alarm about impending US bankruptcy. According to him, uncontrolled government spending is leading the country headlong into a fiscal cliff, creating an atmosphere of uncertainty weighing on Bitcoin's future. The relationship between US debt and Bitcoin volatility The global economy is increasingly influenced by interrelated factors. Elon Musk's comments never went unnoticed, pointing out the…
Fitch rating Confirmed Bulgariahas a long-term credit rating of BBB, with a favorable outlook. The agency believes that this rating is supported by the country's strong external and fiscal position relative to similarly rated countries, as well as a stable political framework provided by its membership of the European Union and a permanent monetary commission regime. He emphasized that there is. However, Fitch noted that low labor productivity and unfavorable demographic trends are negatively impacting potential growth and the long-term stability of government finances. A positive outlook indicates that Bulgariaprospects for participation in euro areawhich is expected to further strengthen…
Last January 10, 2024, the U.S. Securities and Exchange Commission finally approved Bitcoin ETF applications for 11 funds, including Fidelity, Grayscale, and BlackRock's IBIT. Within a month, trading volumes increased as more banks, funds and retail traders acquired shares. One market participant that has been slowly increasing its holdings is Morgan Stanley. In its recent 13F-HR/A filing with the SEC, Morgan Stanley declared that it held $272 million worth of Bitcoin ETFs at the end of the third quarter. While this seems like a significant investment, it is only 2% of total assets under management, currently valued at $1.3 trillion.…