Crypto Market Shows Early Signs of Bull Run, According to Technical Analysis
Cryptocurrency analyst Benjamin Cowen identifies promising technical indicators suggesting an upcoming crypto market rally. Analysis of market cap trends and the Advance Decline Index points to potential significant gains, though external factors remain important considerations.
Ethereum Hits $3,500 Milestone as Trump Victory Fuels Crypto Market Surge
Ethereum reaches a four-month high of $3,500 amid growing institutional interest and positive market sentiment following recent election results. Trading data reveals unprecedented futures open interest and significant net inflows, with analysts projecting ambitious price targets up to $10,000.
Bitcoin Tumbles Below $93K, Erasing Half of Recent Rally Gains
Bitcoin experienced a sharp 4.8% decline to $93,000, triggering $550 million in liquidations and erasing half of last week's $8,100 rally. Despite the correction, analysts remain optimistic about retesting the $100,000 threshold, citing supportive fundamentals and seasonal patterns.
Bitcoin to Hit $100K This Year: Ex-BitMEX CEO Makes Bold Price Prediction
Former BitMEX CEO Arthur Hayes forecasts Bitcoin reaching $100,000 by end of 2024 and $250,000 by 2025, citing U.S. fiscal policies and credit expansion as key drivers. His bullish outlook comes amid growing institutional interest, though he advises strategic profit-taking during the rally.
JPMorgan Unveils Kinexys: Blockchain Platform Expands to On-Chain FX Settlement
JPMorgan rebrands its blockchain platform as Kinexys, introducing on-chain FX settlement for USD and EUR. This move signals a major step towards blockchain integration in global financial systems, potentially revolutionizing international money transfers.