crypto market – Page 11 – BitcoTasks BLOG

Ethereum Set to Eclipse Bitcoin: ETFs Could Catapult ETH to New Heights — K33 Research

July 4, 2024

As the global financial markets prepare to launch U.S.-based spot Ethereum exchange-traded funds (ETFs), Ethereum is positioned to potentially outperform Bitcoin, according to a new analysis by K33 Research. This comes amid concerns that Bitcoin might face downward pressure due to upcoming repayments to creditors of the defunct Mt. Gox exchange. ETF Launch to Begin…

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Buckle Up: Here Is Why Bitcoin Might Just Be Gearing Up For a 200% Surge

July 3, 2024

Bitcoin News

Amid the current Bitcoin market performance suggesting signs of a rebound, prominent crypto analyst Wise Advice has highlighted a critical indicator in Bitcoin’s trading pattern. Bollinger Bands Signal 200% Bitcoin Surge According to the analyst, the Bitcoin weekly Bollinger Band, a statistical chart characterizing the prices and volatility over time, has shrunk to its second-lowest width…

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Market Analysts Eye July for Potential Big Wins in Bitcoin and Ethereum — Here’s Why

July 2, 2024

Bitcoin News

In the financial market, historical trends often offer a glimpse into potential future outcomes and so far, July has historically been a strong month for both Bitcoin and Ethereum, and analysts are eyeing this pattern to predict another fruitful period. A Profitable July For Bitcoin And Ethereum According to seasoned market analysts from QCP Capital,…

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Steam’s Clicker Game Sensation Opens Debate About NFTs And Crypto Gaming

June 29, 2024

Cryptocurrency Market News

A clicker game on Steam recently became the talk of the town after flipping some of the most popular games on the platform. ‘Banana’ became a sensation for its NFT-like rewards, which can be sold for over $1,000 on Steam’s marketplace. However, the clicking phenomenon has sparked a debate among crypto community members about the…

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Market Tremors: $10 Billion in Bitcoin Dumped in May Alone, What Does This Signal?

June 29, 2024

Bitcoin News

May 2024 emerges as a pivotal month for Bitcoin, witnessing a notable amount of liquidation by long-term holders. Blockchain analytics firm IntoTheBlock highlighted a sell-off totaling roughly $10 billion, equivalent to approximately 160,000 BTC. This trend marked a significant departure from the usual holding patterns seen among long-term investors, who typically help stabilize Bitcoin prices…

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Bitcoin Bulls Beware: ‘Bears Are Still In Control,’ Says Top Analyst – Here’s Why

June 28, 2024

Bitcoin News

Despite a recent uplift in Bitcoin market price, which saw the crypto momentarily breach the $62,000 mark, the widespread consensus among crypto analysts suggests that this increase is temporary and that the bearish pressure is far from over. Particularly, prominent crypto analyst Willy Woo voiced earlier that the minor surge was primarily a “technical” response…

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Will Bitcoin Have A ‘Red Monday, Green Week’? Analyst Sets $63,500 Target

June 25, 2024

Cryptocurrency Market News

Bitcoin (BTC) faced a sharp price drop as the last week of Q2 began. The dramatic decline saw the flagship cryptocurrency momentarily lose its support above the $60,000 level on Monday. The drop left many investors wondering whether the bullish rally is over. However, crypto analysts remain optimistic about BTC’s performance and consider the drag…

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Bitcoin’s Correction Is Not Done: $54K Could Be On The Horizon, Says Top Analyst

June 25, 2024

Bitcoin News

Recent trends in the Bitcoin market have shown a significant flushing out of leverage, a process commented on by prominent crypto analyst Willy Woo. While this corrective phase has seen Bitcoin’s price fall to as low as $58,000 yesterday, it has partially rebounded, currently trading around the $61,500 mark. However, the journey could be smoother,…

Bitcoin’s Correction Is Not Done: $54K Could Be On The Horizon, Says Top Analyst Read More »

Is Avalanche (AVAX) Nearing Collapse? Analyst Predict Further 60% Correction — Here’s Why

June 25, 2024

Avalanche

In recent trading sessions, Avalanche (AVAX) has seen a significant drop in its market value, with its price tumbling to a six-month low. Over the past month, AVAX has plummeted by 25%, with a 14.7% drop in just the past week and a further 0.3% decrease in the last 24 hours, bringing its current trading…

Is Avalanche (AVAX) Nearing Collapse? Analyst Predict Further 60% Correction — Here’s Why Read More »

True Correction Underway? Over $500 Million Exits Bitcoin ETFs — Coinshares

June 24, 2024

Bitcoin News

Recent data from CoinShares points to a significant shift in investor sentiment regarding Bitcoin, marked by a substantial $544.1 million net outflow from US spot Bitcoin ETFs in the last week. According to James Butterfill, a leading analyst at CoinShares, this significant amount of outflow highlights a “true correction is underway” as this trend extends…

True Correction Underway? Over $500 Million Exits Bitcoin ETFs — Coinshares Read More »

Is Bitcoin’s Rally Over? New Insights from CryptoQuant Predict a Market Downturn

June 22, 2024

Bitcoin News

According to the latest price correction is based on major Bitcoin metrics such as the Adjusted Spent Output Profit Ratio (ASOPR), signaling a notable implication for Bitcoin’s trajectory. Understanding ASOPR’s Role In Predicting BTC Corrections The ASOPR, a key indicator in the crypto market, measures the profit ratio of spent outputs by comparing the value…

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