Excessively high price estimates for Bitcoin (BTC) are not uncommon in this industry. However, many analysts and investors believe that Bitcoin could rise to $100,000 in the next 12 months. Matt Hougan, Chief Investment Officer at Bitwise, also believes Bitcoin will rise by more than six figures. source: mat hoganLet’s take a look at the data supporting Bitcoin’s price above $100,000. Spot Bitcoin ETF Inflows Highlight Strong Institutional DemandGrowing demand for spot Bitcoin ETFs, which have seen an impressive $2.11 billion in net inflows since October 11, is one reason for BTC’s recent price strength. Launched in January 2024, the…
Author: Crypto Flexs
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While cryptocurrency traders debate which speculative narrative will drive the next bull market, one analyst argues that the answer may be clearer and may lie in the largest market capitalization cryptocurrency itself.“The general feeling is that the coming bull market is all about Bitcoin and Layer 2,” Quantum Economics founder and cryptocurrency analyst Mati Greenspan told Cointelegraph.Bitcoin’s ‘first story’ approaching $100,000“The story of Bitcoin’s origins has snowballed since Taproot was implemented,” Greenspan added. The Taproot upgrade took place in November 2021 and laid the foundation for accelerating decentralized financial services over the Bitcoin network.He pointed out that the past 12…
This article is also available in Spanish. Ethereum price extended losses and tested the $2,450 support area. ETH is struggling to recover its losses and rise above the $2,550 level. Ethereum began its recovery in the $2,450 region. The price is trading below $2,560 and the 100-hour simple moving average. On the ETH/USD hourly chart (data feed via Kraken), a breakout occurred above the main bearish trendline with resistance at $2,540. A break above the $2,580 and $2,600 resistance levels could start a new rally. Ethereum price begins to recover Ethereum price, like Bitcoin, continued its downward trend below the…
Rebecca Moen October 25, 2024 09:56 Space Nation expands the game’s universe with the release of the largest main quest series from Immutable (IMX) featuring Roland Emmerich’s live-action TV series. Space Nation, a major player in the AAA MMORPG segment in the world of web3 gaming, is set to release its most extensive main quest series to date on the Immutable (IMX) platform. This ambitious undertaking was further strengthened by the participation of renowned filmmaker Roland Emmerich, known for blockbusters such as ‘Independence Day’ and ‘Stargate’. According to immutable.com, Emmerich is developing a live-action…
Hedera’s HBAR price has fallen 90.9% from its all-time high. Despite new adoptions, indicators indicate a bearish trend. HBAR ETF discussions have begun as Canary Capital targets the US market. Hedera’s distributed ledger technology has a growing number of partners and adoption cases, but its groundbreaking achievements do not seem to be reflected in HBAR’s price. The Hashgraph Association’s recent foray into Moroccan infrastructure through its “2030 Digital Strategy” and Canary Capital’s move to apply for an HBAR ETF paint a bright picture for HBAR’s future. However, as Bitcoin (BTC) fell to $66,000 on Wednesday, Hedera Hashgraph’s native cryptocurrency token…
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MicroStrategy’s Bitcoin investment paid off in a big way on October 25, when the stock surged more than 7% to $236, its highest price in 25 years.This was the continuation of a six-week rally for the world’s largest Bitcoin holding. Shares appear to surpass Microsoft as the tech giant is set to vote on a proposal to publicly evaluate adding Bitcoin (BTC) to its balance sheet.“MicroStrategy is hitting an all-time high!” This was the observation made by crypto community Crypto Coin Coach in a post on X on October 24 in response to the software company’s stock price fluctuations.“It trumps…
A widely respected cryptocurrency analyst and trader is bullish on the memecoin built on the Solana (SOL) ecosystem. The analyst, who goes by the pseudonym Bluntz, told his 286,900 followers on social media platform Bluntz said Popcat has remained “incredibly strong” even amid the cryptocurrency market correction over the past few days. “Strength during market-wide declines typically translates into undeniable outperformance during market-wide strength periods.” Bluntz appears to be suggesting that Popcat could surge above $2.30 in a five-wave pattern, according to a 4-hour chart prepared by an anonymous analyst who regularly applies Elliott Wave theory to technical analysis. Elliott…
Jessie A. Ellis October 25, 2024 10:18 Solana, known for its speed and efficiency, has rebounded from early setbacks to secure a niche in the payments and consumer markets. Blockchain continues to evolve amidst increasing competition. Solana, a high-performance blockchain recognized for its low latency and user-centric design, has made significant progress since its launch. Despite initial challenges, including network outages and strong ties to the now-defunct FTX exchange, Solana has carved out a niche for itself in payments, decentralized physical infrastructure (DePIN), mobile, and consumer end markets. However, according to galaxy.com, blockchain is…
Bitcoin is in the early stages of an uptrend and a $100,000 BTC price could be reached within 3 months.Network economist Timothy Peterson said in his latest market analysis on October 24 that the ‘ignition’ for a new Bitcoin (BTC) bull market has already arrived.Peterson: Bitcoin bull market is “not meaningfully different”Bitcoin has been consolidating for nearly eight months since hitting an all-time high of $73,800 in March.However, for Peterson, the real gains are yet to come and BTC/USD may hit six figures for the first time in the next three months.“Bitcion’s current execution is not meaningfully different from its…