Author: Max Bauer
According to cryptocurrency analysis firm CryptoQuant, Ethereum’s ongoing price rally is showing robust momentum, with potential for further gains. The firm’s analysis highlights increasing investor optimism, fueled by the cryptocurrency breaking through significant resistance levels and prompting discussions of a potential new all-time high (ATH) by year-end. CryptoQuant points to Ethereum’s futures market funding rates as a key indicator of market sentiment. Funding rates, which represent the cost of holding a leveraged position in the futures market, have seen a notable increase in recent weeks. This upward trend signifies growing bullish momentum among investors and traders as Ethereum’s price continues…
Cryptocurrency analyst Ali Martinez has made a bold prediction for Bitcoin’s price, suggesting it could surge to $99,000 following Thanksgiving celebrations. Martinez believes that family gatherings and dinner table conversations about the leading cryptocurrency could trigger a buying frenzy, driving the price significantly higher. In his latest analysis, Martinez pointed to technical data supporting this unusual prediction, though he remained cautious, admitting the possibility of being wrong and emphasizing the use of stop-loss orders to mitigate potential losses. “Thanksgiving conversations could spark a Bitcoin rally,” Martinez stated, suggesting that increased awareness and positive sentiment shared amongst families could translate into…
CNBC’s “Mad Money” host Jim Cramer addressed criticism regarding his stance on cryptocurrency, particularly Bitcoin, in a recent segment. He pushed back against accusations of “calling the top” by recommending crypto, emphasizing his long-term bullish outlook. Cramer explained that he views crypto, especially Bitcoin, as a hedge against potential government mismanagement of the national debt and the possibility of extreme measures like a forced buyback of Treasury bonds at a discount. Cramer acknowledged the lack of concrete proof that crypto can protect against such scenarios, but argued that the narrative surrounding it is compelling enough to warrant inclusion in a…
Jan VanEck, CEO of the $118 billion global asset management firm VanEck, predicts Bitcoin could reach $150,000 to $180,000 in the current cycle, adhering to the historical trend influenced by Bitcoin halving events. He anticipates Bitcoin eventually reaching half the value of gold, projecting a price exceeding $400,000 in the next cycle. In a recent interview, VanEck discussed the firm’s involvement in the digital asset space, highlighting their launch of a Sui token ETN in Europe and the positive inflows it has attracted. He emphasized VanEck’s comprehensive research team, covering both liquid tokens and venture investments, allowing them to track…
Former Commodity Futures Trading Commission (CFTC) Chair Chris Giancarlo has expressed support for the idea of the United States establishing a Bitcoin reserve, calling it a “very forward-looking idea.” In a recent television interview, Giancarlo stated that holding Bitcoin “makes a lot of sense,” likening it to other commodities nations have traditionally stockpiled. The discussion stemmed from recent considerations by certain U.S. states to add Bitcoin to their balance sheets. Giancarlo drew parallels to former President Trump’s proposal for a Bitcoin “stockpile,” noting the subtle difference between a stockpile and a reserve. He emphasized the historical precedent of countries stockpiling…
Bitcoin’s price could reach a staggering $200,000, fueled by a massive influx of institutional capital, according to a new report from OKG Research. The research suggests that current institutional holdings of Bitcoin represent just the tip of the iceberg, with a potential $2.28 trillion poised to enter the market. The report highlights that only 0.01% of listed companies globally currently hold Bitcoin. This minimal participation suggests significant untapped potential for institutional investment. OKG Research’s conservative estimate of $2.28 trillion in potential inflows aligns with bullish predictions from major financial institutions like Bernstein, BCA Research, and Standard Chartered Bank, all of…
Tether, the issuer of the world’s largest stablecoin by market capitalization (USDT), has announced it will discontinue support for its euro-pegged stablecoin, EUR₮. Holders have until November 27, 2025, to redeem their EUR₮ tokens. The company cited a strategic shift towards community-driven product support as the reason for the discontinuation. In an official statement, Tether emphasized its commitment to maintaining a robust blockchain ecosystem. “At Tether, we remain dedicated to fostering a robust and innovative blockchain ecosystem for all Tether tokens we issue,” the statement read. “To fulfill this commitment, we are continuously assessing our stablecoin offerings, ensuring a balance…
Charles Hoskinson, founder of Cardano (ADA), has made a bold prediction about the future price of Bitcoin ($BTC), stating he believes it could reach between $250,000 and $500,000 within the next 12 to 24 months. He attributes this potential surge to increasing investment inflows and growing interest in the cryptocurrency. In a recent statement, Hoskinson acknowledged the potential of other cryptocurrencies like Ethereum, Solana, and Cardano, but emphasized Bitcoin’s unique position. He pointed out that governments are primarily discussing strategic reserves of Bitcoin, highlighting its role as the preferred entry point into the digital asset space. While he anticipates this…
The election of Donald Trump has injected a renewed sense of optimism into the cryptocurrency market, with Bitcoin recently approaching the $100,000 mark before retracing. Trump’s anticipated pro-crypto stance, including the launch of his own crypto platform, World Liberty Financial, is fueling expectations of increased adoption of digital currencies. This development coincides with the expansion of crypto investment options, notably the introduction of spot Bitcoin ETFs in January and, more recently, the addition of Bitcoin ETF options. These new avenues for investment are attracting attention as the crypto market evolves. Despite the positive momentum, financial advisors remain cautious. An April…
Cryptocurrency exchange Kraken announced today that it will be closing its NFT marketplace to redirect resources towards other initiatives. The decision comes as the NFT market experiences a period of relative stagnation. According to a statement provided to The Block, users will no longer be able to list, bid on, or sell NFTs on Kraken’s platform after November 27, 2024. However, they will retain the ability to withdraw their assets. A subsequent release to users, obtained by The Block, indicates the marketplace will fully cease operations on February 27, 2025. A Kraken representative explained the decision, stating, “We’ve made the…