crypto – Page 33 – BitcoTasks BLOG

Bitcoin ETFs On A Buying Spree, Scoop Up Nearly 300,000 BTC Since January

August 2, 2024

Regulated spot Bitcoin ETFs (exchange-traded funds) in the United States have seen a resurgence in inflows following significant selling pressure over the past two months that sent the largest cryptocurrency on the market to a 6-month low of $53,500 on July 5. Bitcoin ETFs And Institutions Now Control 9% Of Total Supply Data from analytics…

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Bitcoin’s Price Potential: Analyst Maps Path To $700,000 And Beyond

August 1, 2024

Bitcoin News

Bitcoin has been on a rollercoaster ride ever since it reached its all-time high (ATH) of $73,737 back in March. However, regardless of that, several analysts and traders in the crypto community remain persistent in their bullish outlook for the asset. An example is Willy Woo, a well-known figure in the crypto sector. Earlier today,…

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Crypto Analyst Says Dogecoin Price Will Rise Over 7,200% To Reach $10, Here’s Why

August 1, 2024

Dogecoin

The Dogecoin price reaching double-digits remains a dream for its die-hard community, despite the meme coin failing to claim $1 even till now. Nevertheless, expectations that Dogecoin will eventually cross $10 remain high as one analyst has given reasons why the largest meme coin by market cap is set to surge by more than 7,200%.…

Crypto Analyst Says Dogecoin Price Will Rise Over 7,200% To Reach $10, Here’s Why Read More »

Market Experts Update Ethereum Predictions: Is A 1,400% Rally To $50,000 Possible?

August 1, 2024

Ethereum

Two market experts recently revised their predictions for Ethereum, with one claiming that the second-largest crypto token could rise to as high as $100,000. Interestingly, these ultra-bullish predictions align with some predictions made by financial institutions. Ethereum To Rise To $50,000 Ethereum maximalist Adriano Feria predicted in an X (formerly Twitter) Ethereum developer Eric Conner’s…

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Bitcoin Holds Ground At $65,700 Amid Unchanged Fed Rates, Anticipating September Moves

August 1, 2024

Bitcoin News

In the wake of the highly anticipated address by Federal Reserve Chair Jerome Powell, Bitcoin (BTC) maintained a steady course on Wednesday as the Fed opted to keep interest rates unchanged at 5.25%-5.50%. Crypto Market Awaits Fed’s Next Move Powell, speaking at a press conference in Washington DC, hinted at the possibility of rate reductions…

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Tether Reports Record-Breaking $5.2 Billion Net Profit In Latest 2024 Audit

August 1, 2024

Tether

Tether, one of the largest crypto companies in the industry and issuer of the most widely used stablecoin USDT, has released its attestation report for the first half of the year, recording substantial gains that amount to nearly $1 billion per month. Transition To US Treasuries Pays Off According to the report, independently audited by…

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BNB Chain TVL Slumps 24% In Q2, Yet Vital Metrics Surge In Double Digits

August 1, 2024

Bnb

The BNB Smart Chain (BSC) experienced a mixed performance in the second quarter (Q2) of the year as the broader cryptocurrency market cooled off after a strong price surge in March. While BNB, the native token of the BSC, remained mostly flat, down 5% quarter-over-quarter (QoQ), the network’s key metrics showed both positive and negative…

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Is Bitcoin Poised for a September Price Surge? What Traders Need to Know

August 1, 2024

Bitcoin News

As summer is currently fast approaching, several crypto traders and analysts have cranked up their optimism for Bitcoin price trajectory. Among them is well-known crypto analyst, Rekt Capital, who has recently analyzing recent trends and historical data. What the Bullish September Sentiment Is Based On Rekt Capital pointed out that despite Bitcoin’s failure to break…

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Elliot Wave Theory Suggests Bitcoin Price will Crash Below $40,000

July 31, 2024

Bitcoin

The Elliot Wave theory has become very popular among Bitcoin analysts, given its effectiveness in helping to estimate where the cryptocurrency’s price is headed next. Using this same theory, pseudonymous crypto analyst XForceGlobal has estimated what could happen next for the Bitcoin price. Elliot Wave Theory Points To A Recovery In the analysis Elliot Wave…

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Render Continues To Flash Red In All Timeframes – What’s Going On?

July 31, 2024

Cryptocurrency Market News

Render investors and traders continue their sell-off, following the broader market’s bearish attitude. After weeks of continuous bullish action, CoinGecko data shows that the market is down a few percent, translating to losses in the altcoin market. Although the environment brought gains to a number of tokens, it dragged several tokens, like Render, to the…

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Can Bitcoin Cash (BCH) Go Up 680% This Week? This Analyst Believes So

July 31, 2024

Cryptocurrency Market News

With its recent performance, Bitcoin Cash (BCH) has been generating news and attracting the interest of both experts and investors for its obvious ascent. Reflecting a robust market performance, BCH jumped by around 14% in the last week. The Bitcoin fork has grown by 12% over the past 30 days, therefore transcending just short-term benefits.…

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