Expert Predicts Bitcoin Could Hit $70,000, Drawing Parallels To December 2021 Crash
As the Bitcoin (BTC) price settles below the critical $90,000 support level, discussions about the potential onset of a new bear market are growing among experts and market analysts. The market’s leading cryptocurrency, currently trading at approximately $87,370, has experienced a decline of over 30% from its all-time high of more than $126,000, drawing comparisons…
Ethereum Fails To Surpass $3,000: Predictions For The Final Days Of The Year
The Ethereum price has struggled to reclaim the critical $3,000 mark for the past 48 hours, raising concerns about potential declines in the cryptocurrency’s value if this essential support level is not regained by the end of the week. Analyst Predicts Further Downside Market analyst Ted Pillows pointed out on social media platform X (formerly…
New Crypto Tax Proposal: Bipartisan House Duo Pushes For Stablecoin Safe Harbor
In the wake of a significant shift in crypto regulation spurred by the new White House administration under President Donald Trump, lawmakers are working on a fresh tax framework aimed at providing clarity and a safe harbor for certain transactions involving stablecoins. Proposed Crypto Tax Framework Representatives Max Miller from Ohio and Steven Horsford from…
Citi Projects $143,000 Base Case For Bitcoin In 12-Month Outlook
Bitcoin is back in focus after an outlook from Citigroup, where analysts mapped out a wide price range for the next year that captures both upside momentum and lingering downside risks. The bank’s latest projections point to a base-case target of $143,000 over the next 12 months, anchored in expectations around a growth in ETF…
Whale Inflows Dampen XRP ETF Optimism As Selling Pressure Persists
Expectations around XRP exchange-traded funds were seen as a turning point that could unlock new institutional demand and change XRP’s price structure in favor of buyers. However, recent on-chain data suggests the price response has diverged immensely from that narrative. Metrics tracked by the on-chain analytics platform CryptoQuant point to a very different dynamic unfolding…
Pundit Breaks Down Ripple’s XRP Escrow: Why Is It Important?
Discussions around XRP supply have resurfaced after a detailed post on X by an XRP investor known as Lord Belgrave, who offered a perspective that goes beyond the usual conversations about the XRP tokens locked in escrow. According to the XRP investor, Ripple’s escrow mechanism is a deliberately structured system designed years in advance with…
Major Ethereum Metric Just Hit A New All-Time High – Can Price Reclaim $3,000?
Ethereum’s derivatives market is showing signs of a decisive shift beneath the surface, and price action is about to return above the $3,000 mark. On-chain data suggests trader behavior on major exchanges is shifting into a more accumulative phase. Even as ETH continues to linger below the psychologically important $3,000 price level, this metric indicates…
Don’t Expect A Fast Bitcoin Move – Here’s How Long The Last Leg Could Take
Bitcoin (BTC) investors may need to temper their expectations as the cryptocurrency heads into its final bull run. Analysts indicate that the bull rally could unfold slowly, suggesting a gradual climb to new highs. Traders are being urged to prepare for heightened volatility and plan their strategies carefully to protect gains while staying positioned for…
Reasons Why XRP’s Technical Structure Favors Upside Than Down Over Next 6 Months
XRP’s recent pullback to $2 has not changed the broader technical picture, according to a new analysis shared on X by crypto analyst Egrag Crypto. Despite the lack of bullish price action in recent weeks, the technical analysis proposes that the market structure continues to favor an upside continuation rather than the trend ending. This…
Ethereum Forms Wyckoff Breakout Setup: $10,000 Price Target Back In Focus
A recent technical analysis shared on X by crypto analyst Merlijn The Trader presents Ethereum’s price action on the 2-day candlestick chart as a textbook example of Wyckoff accumulation. In his assessment, Ethereum has already moved through several key stages of the model and is now approaching a powerful expansion phase, provided the structure stays…