While Bitcoin analyst Willy Woo advises caution over the coming months, other crypto analysts are optimistic that Bitcoin has a “high probability of reversal.” A Bitcoin analyst has warned crypto market participants to tread carefully in the coming months, with more profit-taking expected in the near term. “Risk is peaking for the first time in…
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Bitcoin whales, an increase in speculative appetite and other macroeconomic factors are playing a role in keeping BTC price above $90,000. Bitcoin’sprice dropped to a new range low at $91,055 on Jan. 9, its lowest value since Dec. 1. The next psychological support range remains under $90,000, and some market analysts continue to forecast a…
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“Due to its verifiable fixed supply, Bitcoin is the most inflation-resistant store of value available,” the proposal read. A Meta shareholder proposal submitted by Ethan Peck requested that the social media company convert a portion of its $72 billion in cash and short-term cash equivalents to Bitcoin as a hedge against currency debasement. Peck wrote…
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More than half of wealth advisers in the United States surveyed by Bitwise say they’re more open to investing in cryptocurrency after Trump won the US election in November. More than half of US-based financial advisers responding to a survey by Bitwise said they’re more inclined to invest in crypto due to Donald Trump’s United…
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The market sentiment index score hasn’t been in the “Neutral” zone since Oct. 14, when Bitcoin was trading around $63,000. The Crypto Fear & Greed Index — a measure of Bitcoin and the broader crypto market sentiment — has fallen 19 points in a day to its lowest score since Oct. 14. The fall to…
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New reports suggest the US Senate Banking Committee is looking to create its first crypto subcommittee, while Trump is reportedly eyeing a pro-crypto CFTC Commissioner to take the agency’s helm. The US Senate Banking Committee is reportedly set to create its first-ever crypto subcommittee, while a pro-crypto commissioner is now a top pick to replace…
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Institutions dumped huge amounts of Bitcoin in late December after its peak high, but they’re now back to buying with it below $100,000, says Blocktrends’ Cauê Oliveira. Large Bitcoin holders are back to buying huge amounts of the cryptocurrency after its price dove toward the end of 2024 following a record six-figure high, says a…
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Dogecoin crowd sentiment is at a low point, which could point to a buying opportunity before the crypto market starts moving higher again, according to Santiment. A decline in social media posts and overall sentiment around Dogecoin could signal a buying opportunity for traders, according to crypto analysis firm Santiment. “Crowd sentiment has been near…
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Bitcoin formed a bearish engulfing candle immediately after its $100,000 retest, which opened the door for a potential correction below $90,000. Bitcoin price sold off again on Jan. 8, forming a bearish engulfing candle on the daily chart. This particular daily drawdown was BTC’s second steepest fall in 19 weeks. Bitcoin 1-day chart. Source:TradingView With…
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XRP should attain a 260% gain or a $6.40 price target after a breakout, but a delay may affect the chart pattern’s outcome, says Peter Brandt. XRP price is attempting to close a daily candle above its descending resistance trendline, which previously capped the altcoin’s price action. XRP 1-day chart. Source: Cointelegraph/TradingView Successive breaks above…
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