Bitcoin Price Prediction as Bears Take Control – Will BTC Fall Below $60,000?

Bitcoin Price Prediction as Bears Take Control – Will BTC Fall Below $60,000?

Bitcoin (BTC) began the week on a bearish note, dropping significantly overnight from $64,380 to $62,650. Over the past week, BTC has declined more than 6%, currently trading around $61,090. Increased Selling Pressure and Miner Activity The decline can be attributed to selling pressure from 1.9 million addresses that bought Bitcoin between $63,490 and $64,930, ... Read more
Ether Could Drop to $2,400 After Launch of Spot Ether ETFs, Warns Crypto VC Founder

Ether Could Drop to $2,400 After Launch of Spot Ether ETFs, Warns Crypto VC Founder

The price of Ether (ETH) could face a significant decline to around $2,400 following the introduction of spot Ether exchange-traded funds (ETFs), a nearly 30% drop from its current value. This prediction comes from Andrew Kang, founder and partner at Mechanism Capital, a venture capital firm specializing in crypto investments. Kang shared his insights on ... Read more
Analyst Predicts ‘Tidal Wave’ of Institutional Money Entering Crypto

Analyst Predicts ‘Tidal Wave’ of Institutional Money Entering Crypto

Institutional Investment in Crypto ETFs Set to Surge Analysts at H.C. Wainwright & Co. forecast a significant influx of institutional investment into crypto ETFs, emphasizing the necessity for regulatory clarity in the industry. Their optimism follows the recent Coinbase State of Crypto Summit in NYC, which underscored increasing institutional interest in digital assets. Positive Sentiment ... Read more
Ethereum ETFs Expected to Launch in July, Says Bloomberg Analyst

Ethereum ETFs Expected to Launch in July, Says Bloomberg Analyst

Bloomberg analyst Eric Balchunas has predicted that spot Ether (ETH) exchange-traded funds (ETFs) could begin trading in the U.S. as early as July. Balchunas revised his forecast, setting the over/under date to July 2. Balchunas noted that the U.S. Securities and Exchange Commission (SEC) staff had reviewed the S-1 filings from ETF issuers and found ... Read more
Global ETF Market Projected to Hit $35 Trillion by 2035, Analyst Predicts

Global ETF Market Projected to Hit $35 Trillion by 2035, Analyst Predicts

The global Exchange-Traded Fund (ETF) market is poised for significant growth over the next decade, with assets expected to reach $35 trillion by 2035. This projection, which anticipates the market more than doubling from its current $13 trillion, comes from Eric Balchunas, Senior ETF Analyst for Binance. Balchunas shared his insights on X, highlighting the ... Read more
Analyst from Fineqia Discusses Impact of Spot ETFs on Bitcoin’s Market Dynamics

Analyst from Fineqia Discusses Impact of Spot ETFs on Bitcoin’s Market Dynamics

In an exclusive interview with Crypto.news, Matteo Greco, a research analyst at Fineqia International, delved into the current state of the Bitcoin ETF market and its future prospects. Bitcoin has proven to be one of the top-performing assets over the past decade. Initially a niche peer-to-peer payment system, it has now become a major asset ... Read more
Bitcoin Price Prediction: BTC Faces Potential Sell-Off Amid 2.5% Drop

Bitcoin Price Prediction: BTC Faces Potential Sell-Off Amid 2.5% Drop

Bitcoin (BTC), the world's leading cryptocurrency, has continued its downward trend, trading around $67,925 and hitting an intraday low of $67,786. This 2.5% decline has raised concerns about a potential larger sell-off. Market Reaction to U.S. Employment Report The drop is largely attributed to a robust May employment report from the U.S., which revealed an ... Read more
Analyst Predicts Further Ethereum Declines Amid Bearish Futures Market Trends

Analyst Predicts Further Ethereum Declines Amid Bearish Futures Market Trends

As Ethereum (ETH) tests the $3,500 threshold amid a broad market downturn, CryptoQuant analyst ShayanBTC warns that the cryptocurrency could experience steeper declines if current futures market trends persist. Ethereum's Market Performance Recent market turbulence has pushed multiple altcoins to their lowest levels in weeks, with Ethereum notably dipping to the lower end of the ... Read more
Ethereum in May 2024: Will ETF Approvals Boost ETH Price?

Ethereum in May 2024: Will ETF Approvals Boost ETH Price?

In May 2024, Ethereum's ecosystem experienced significant activity and volatility, with the approval of Ethereum exchange-traded funds (ETFs) playing a crucial role. This report delves into the developments, challenges, and opportunities within the Ethereum landscape during this eventful month. Key Takeaways: Volatile ETH Price Action: Ethereum’s price remained highly volatile throughout May. The approval of ... Read more
Bitcoin Price Outlook Amid US-Saudi Petrodollar Deal Termination

Bitcoin Price Outlook Amid US-Saudi Petrodollar Deal Termination

The recent termination of the US-Saudi petrodollar agreement marks a significant shift in global financial dynamics, potentially influencing Bitcoin's (BTC) trajectory. This development disrupts a decades-old economic standard and introduces the possibility of increased currency diversification globally. Impact on Bitcoin As nations like Saudi Arabia explore alternatives to the US dollar, including various major currencies ... Read more