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“# ‘Insanely bullish’: Glassnode CTO predicts BTC price will 10X from here ” The CTO of crypto market data aggregator Glassnode, Rafael Schultze-Kraft, has described a slew of Bitcoin market indicators as “insanely bullish” and predicted prices are set to increase by more than 10 times. On Dec. 9, Schulze-Kraft tweeted a thread providing the…
“# Bulls abandon ship as a $93M Bitcoin options imbalance favors BTC bears ” On Dec. 11, a total of $540 million in Bitcoin (BTC) options open interest is set to expire. This number mimics the past month’s $525 million options expiry, as monthly and quarterly options typically concentrate the most volume. Although both dates…
“# ‘Not a good signal’ — Bitcoin miner sell-off risk hits highest in 3 years ” Bitcoin (BTC) miners appear to be selling large amounts of BTC once again. Data from CryptoQuant shows that the BTC Miners’ Position Index — a metric tracking the ratio of BTC leaving miners’ wallets — achieved a three-year high….
“# Bitcoin undervalued sub-$20K, says new report as BTC mimics 2017 bull run ” Bitcoin (BTC) investors have “not long” to accumulate before a continuation of the bull run past $20,000, a new report says. Released on Dec. 10, the Weekly Report from Asian crypto fund provider Stack Funds predicts that one indicator in particular…
“# Bulls snatch back control as volume spike places Bitcoin price above $18.5K ” Bitcoin’s (BTC) sharp correction to $17,650 came as no surprise to investors and many expected the digital asset to fall as low as $16,000. Thus, the quick recovery back to $18,600 is intriguing and it bolsters the popular belief that retail…
“# Ethereum price targets $590 after bulls vigorously buy the ETH dip ” Bitcoin’s Dec.8 breakdown to $17,650 weighed heavily on most altcoins and Ether was not spared from the carnage. Daily cryptocurrency market performance. Source: Coin360 As the price of Bitcoin (BTC) dropped precariously close to a large CME gap at $17,000, Ether (ETH)…
“# Price analysis 12/9: BTC, ETH, XRP, LTC, BCH, LINK, DOT, ADA, BNB, XLM ” in a recent Reddit “Ask Me Anything” session, billionaire Ray Dalio warned investors that the current astronomical pace of money printing is unlikely to stop in the near future and holding wealth in cash could lead to losses. Dalio said that…
“# Bitcoin will eat gold’s market share, according to JPMorgan ” Growing mainstream acceptance of Bitcoin (BTC) as a reserve asset is having a direct impact on gold, setting the stage for a major shift in institutional allocation between the two assets, according to analysts at JPMorgan Chase. Quantitative strategists, including Nikolaos Panigirtzoglou, believe that…
“# Why XRP, DeFi tokens crashed the most vs. BTC as Bitcoin price corrects ” The price of several big-name alternative cryptocurrencies fell especially hard following a Bitcoin (BTC) pullback to $17,650 on Dec. 9. Namely, XRP and top decentralized finance (DeFi) tokens, YFI and AAVE, dropped by as much as 10% to 20% in the past…
“# Bitcoin plunges below $18,000 — Here are the levels to watch next ” Bitcoin (BTC) fell below $18,000 on Dec. 9 in the latest continuation of its bearish comedown from all-time highs. Cryptocurrency market overview from Coin360 Analyst: BTC price should “keep correcting” Data from Cointelegraph Markets, Coin360 and TradingView showed BTC/USD losing $18,000…