Avalanche (AVAX) is currently trading around $25 after a 10% increase, with analysts and investors closely monitoring its price action. There is speculation of a potential change in trend, with the possibility of a sharp rally if key resistance levels are broken. Breaking through the $28 resistance level could indicate a more significant uptrend, while … Read more
Bitcoin Vs. Ethereum: Legendary Analyst Says He’s ‘Pretty Confident’ ETH Will Outperform Crypto analyst Benjamin Cowen is confident that Ethereum will outperform Bitcoin soon despite current price fluctuations. He predicts that Ethereum’s downtrend will end by the year’s end, leading to a resurgence. Cowen analyzes the market conditions, emphasizing the potential for Ethereum to surpass … Read more
Bitcoin Market Liquidity Concerns Spark Investor Caution Bitcoin’s market performance is overshadowed by concerns about liquidity and potential large sell-offs by major holders like governments. The U.S., China, the U.K., and Ukraine hold significant amounts of Bitcoin that could be sold, adding to market supply. Liquidity in the Bitcoin market has been declining, making it … Read more
Shiba Inu Burn Rate Spikes 1,088% In One Day, But It’s Not All Good News The Shiba Inu burn rate has increased by 1,088.66% in the past 24 hours due to a single transaction burning 98,136 SHIB tokens, equivalent to $1.34 in value. Despite this spike, the overall burn rate has declined over the week, … Read more
Cryptocurrency Market Volatility Rises as U.S. Stocks Turn Lower The cryptocurrency market experienced a sharp downturn due to U.S. stock market volatility. Bitcoin and Ethereum saw significant declines, with Bitcoin dropping 4% in 24 hours, and Ethereum falling by 7.1%. Factors driving the volatility included skepticism about the Federal Reserve’s ability to manage inflation and … Read more
Despite recent price dips, BitQuant predicts that Bitcoin will peak at $61,000, not $50,000, as some analysts have suggested. Based on technical analysis, the analyst believes that the recent drop was a temporary correction and that Bitcoin will likely extend gains and break above resistance levels at $45,000 and $50,000 in the short to medium … Read more
The current bitcoin mining difficulty is at historic highs, with computing power increasing by over 100% in 2023. CoinShares predicts a decline in mining activity after the halving, resulting in a “miner exodus.” The company also forecasts the average cost of production per coin to normalize at just under $38,000 post-halving. This is due to … Read more
Crypto Analyst Predicts Crypto Market To Reach $23 Trillion, XRP Price To Cross $13 Crypto analyst Dark Defender believes that XRP could rise to $13 when the total crypto market cap hits $23.24 trillion within a year. He also mentioned that the XRP price could go even higher when considering regulatory clarity and XRP’s utility. … Read more
Market Outlook #237 – An Altcoin Trader’s Blog This content requires users to be logged in to view. Users can register for access to the Premium Content by providing their username, email, first name, last name, password, and repeating the password. The cost for access to this content is £19.99 for one month. Payment methods … Read more
