Bitcoin’s market value to realized value (MVRV) ratio of 2.67 approaches a critical 3.7 threshold, historically signaling potential market overvaluation and impending correction.The Crypto Fear & Greed Index has reached 90, matching February 2021 levels and suggesting extreme market exuberance that could precede a significant price pullback. Bitcoin’s electrifying rally has captured global attention, but...
Ethereum (ETH) whales have increased transaction activities as analysts predict an end of the long correction.Ali Martinez has also predicted that ETH could follow in the footsteps of the S&P 500 to hit $10k by the end of the cycle. Ethereum (ETH) declines by 2.5% on the weekly chart following the recent attempt by Bitcoin...
Robert F. Kennedy Jr. proposes integrating Bitcoin into U.S. reserves, buying 550 Bitcoin daily until 4 million are acquired.The U.S. government could adopt Bitcoin as a strategic reserve asset to address national debt and strengthen financial resilience. Robert F. Kennedy Jr., who has been appointed Secretary of Health in President Donald Trump’s administration, has made...
The Polish presidential candidate declares his willingness to establish a Bitcoin strategic reserve, low taxes, and crypto-friendly regulations to push the asset to the moon. World Bank data shows that the Kingdom of Bhutan had a crypto reserve forming 26% of its national Gross Domestic Product (GDP) in 2023. The Chairman of the Polish “New Hope”...
Bitcoin’s current bull run is supported by strong capital inflows, with an estimated upper limit of $135K.Institutional and governmental interest in Bitcoin grows amid economic uncertainty and shifting regulations, boosting its appeal as a store of value. Ki Young Ju, CEO of CryptoQuant, has reiterated his bullish view on Bitcoin (BTC), claiming that the cryptocurrency...
A Bitcoin analyst projects a potential bullish rally to $106K by December 2024.Strong capital inflows and a reliable MA50 trend line signal sustained bullish momentum for Bitcoin in the coming months. Bullish sentiment is heavily influencing the cryptocurrency market, and analysts predict that Bitcoin (BTC) will reach a price of $106,000 by Christmas 2024. This...
Robert F. Kennedy Jr. revealed he had invested most of his personal wealth in Bitcoin, viewing it as a hedge against inflation and financial freedom.Kennedy proposed establishing a Bitcoin Strategic Reserve and integrating cryptocurrency into national financial policies to escape the $36 trillion debt crisis. On November 16, 2024, Robert F. Kennedy Jr., a former...
Ripple’s Brad Garlinghouse’s indirect response in an interview confirms his meeting with Donald Trump; however, a section of the Bitcoin community appears unhappy.A market analyst has predicted that a sudden move of Bitcoin to $100k could send XRP to $2.2. CNF recently reported that Ripple CEO Brad Garlinghouse might have met US President-elect Donald Trump...
XRP makes a surprising run to $1, however, analysts believe that its journey to the next crucial resistance level at $2 could be challenged by the meme ecosystem. Market Analyst EGRAG CRYPTO believes that XRP could hit $27 in a conservative estimate. XRP has broken a crucial resistance level at $1, proceeding to touch the $1.14...
Avalanche is set to unlock 1.67 AVAX tokens today as part of its quarterly release to stabilize and strengthen the ecosystem.An analyst has predicted that the asset could hit $130 soon once it successfully imitates a 2023 price move. Avalanche (AVAX) is set to embark on a token release today, November 18, with 1.67 million...