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Bitcoin on the Verge of a Breakout? Economist Refines Price Target To $120,000

Bitcoin News

Economist and market analyst Henrik Zeberg has made an updated bullish forecast for Bitcoin, predicting that the leading cryptocurrency could surge between $115,000 and $120,000. Zeberg, who forecasted a rise to $95,000-$100,000 in December 2022, revised his prediction based on his Business Cycle Model. Bitcoin On The Verge Of A Breakout? Despite a generally bearish…

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Tron-Based SUN Token Skyrockets 197% As SunPump’s Momentum Continues

Cryptocurrency Market News

The memecoin frenzy has reached the Tron Network after the launch of Pump.fun’s rival, SunPum. The new memecoin deployer has been making the headlines after surpassing its Solana-based counterpart on key metrics this week. The platform’s remarkable performance in the past two weeks has propelled the network, TRX, and the SUN ecosystem. As a result,…

Tron-Based SUN Token Skyrockets 197% As SunPump’s Momentum Continues Read More »

Bitcoin Poised for a 200% Rally as Analyst Spot Rare Bullish Pattern

Bitcoin News

Amid Bitcoin’s current gradual recovery in price, attention has been drawn towards the asset as it prepares to be on the verge of closing its seventh consecutive monthly candle above the all-time high (ATH) of 2021. Renowned crypto analyst Moustache recently took to X to highlight this key milestone, emphasizing the importance of higher timeframes…

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Bitcoin And NASDAQ Show Tight Correlation: What Does This Mean For BTC?

Bitcoin News

Bitcoin, although starting the year with a bang has now been quiet so far in terms of performance, especially following its peak back in March. Despite the halving in April of this year, Bitcoin has experienced modest gains compared to the excitement of previous years. According to Ecoinmetrics, a platform known for providing insights into…

Bitcoin And NASDAQ Show Tight Correlation: What Does This Mean For BTC? Read More »

Trump-Inspired Memecoins Soar 40% Amid Rumors Of Endorsement By RFK Jr.

Cryptocurrency Market News

Recent reports claim that Robert F. Kennedy Jr. will drop out of the US presidential race on Friday. The rumors have made PolitiFi tokens rise over 15% on the last day. While tokens inspired by RFK Jr. have plunged, Trump-themed memecoins took the lead with a 40% surge. RFK Jr. To Dropout Of The Presidential…

Trump-Inspired Memecoins Soar 40% Amid Rumors Of Endorsement By RFK Jr. Read More »

AAVE Breaks Out Of 2-Year Accumulation Range, Is A Parabolic Run Ahead?

Cryptocurrency Market News

AAVE has become one of the best-performing cryptocurrencies this month. Throughout August’s market retraces, AAVE has remained among the few tokens registering green numbers in most timeframes. The cryptocurrency recently broke above a crucial level, which made investors and analysts turn their eyes to the token. Its recent performance suggests a parabolic run is around…

AAVE Breaks Out Of 2-Year Accumulation Range, Is A Parabolic Run Ahead? Read More »

Where Is Bitcoin And Ethereum Headed? Analyst Reveals Key Levels to Watch

Bitcoin News

Amid Bitcoin’s continuous consolidation below the $61,000 price mark over the past weeks, renowned trading guru Peter Brandt, with decades of experience in the financial markets, has recently shared an update on his outlook for Bitcoin and Ethereum. His analysis comes at a time when both of these assets have been unable to maintain a…

Where Is Bitcoin And Ethereum Headed? Analyst Reveals Key Levels to Watch Read More »

Bitcoin’s MVRV Ratio Nears Critical Death Cross: Will The Market See A Bearish Shift?

Bitcoin News

A recent analysis from a CryptoQuant analyst has raised concerns over Bitcoin MVRV Ratio Momentum. The MVRV ratio, a critical indicator in on-chain analysis, represents the ratio between Bitcoin’s realized and market values. It serves as a tool to assess whether the market is overvalued or undervalued. By applying 30-day and 365-day moving averages (DMA)…

Bitcoin’s MVRV Ratio Nears Critical Death Cross: Will The Market See A Bearish Shift? Read More »

Dogecoin Soars 6.5% Following Elon Musk’s Post, Is A Breakout Imminent?

Dogecoin

Dogecoin (DOGE), the largest memecoin by market capitalization, recently received acknowledgment from Tesla’s CEO on X. Elon Musk’s post sparked a frenzy among crypto investors and the DOGE community, reflecting on the token’s price. Following the recent surge, some analysts believe it’s only a matter of time before a major breakout. Elon Musk Excites The…

Dogecoin Soars 6.5% Following Elon Musk’s Post, Is A Breakout Imminent? Read More »

Ethereum Transaction Costs Hit Historic Lows: What Does This Mean For ETH?

Ethereum

According to recent insights from a CryptoQuant analyst, Ethereum’s daily mean gas price has reached an all-time low, falling to roughly 2.9 Gwei. This decline in gas prices correlates with a significant drop in daily transaction fees, which now average merely $0.85, marking a multi-year low for the network. The analyst reported that this cost…

Ethereum Transaction Costs Hit Historic Lows: What Does This Mean For ETH? Read More »

Solana (SOL) Continues Sideways Move As Outflows Record $39 Million

Cryptocurrency Market News

Solana (SOL) has recovered 30% of its price since the Black Monday crash, hovering between the $155-$140 range. Recent reports revealed the Solana-based investment products were among the largest losers last week after registering over $30 million in outflows. The token continued its sideways trajectory despite the negative net flows and memecoin’s trading activity decline…

Solana (SOL) Continues Sideways Move As Outflows Record $39 Million Read More »

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