Over the past year, our newsroom has tested several generative AI chatbots, asking them to predict everything from the U.S. election to the prices of gold, silver, Ethereum, and Bitcoin. This time I decided to do something a little more fun. We challenged 9 AI chatbots to predict the price of Bitcoin on February 15, 2025. (…)
Author: Crypto Flexs
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Analysis firm Glassnode said Solana’s (SOL) monthly momentum is weakening compared to Bitcoin (BTC) and Ethereum (ETH). Glassnode, on social media platform The company points to monthly percentage changes in realization limits for each of the three assets. “This indicator serves as an indicator of the rate and direction of capital inflows or outflows to that asset. During the recent market downturn, SOL’s monthly realized limit change rate fell below both BTC and ETH. This indicates that Solana’s momentum declines faster compared to the other two assets. Current monthly realized limit change (%/30D): • BTC: +10.87%• ETH: +5.43%• SOL: +2.19%.”…
Bitcoin price has shown no overall gains over the past week as the top cryptocurrency continues to experience a market correction. Despite several bullish gains, Bitcoin has struggled to break the $100,000 resistance as its price performance in December continues to deviate from previous bullish forecasts. Amid these developments, market analysts continue to release predictions about Bitcoin’s potential price movements. Is Bitcoin Price Peaking? In a post on December 27, More Crypto Online, which analyzes crypto technology, shared an interesting prediction about the current state of Bitcoin’s correction. These market analysts used Elliott Wave Theory to draft two conflicting predictions…
Top news of the week The IRS issues rules for reporting digital assets and says the front end is brokers. The Internal Revenue Service (IRS) has issued final regulations requiring brokers to report digital asset transactions, expanding existing reporting requirements to enable front-end platforms (e.g. decentralized exchanges) that facilitate digital asset-related transactions for their clients. I included it. The rules, scheduled to take effect in 2027, require brokers to disclose gross proceeds from the sale of cryptocurrencies and other digital assets, including information about taxpayers involved in the transactions. The final rule states that “the only DeFi participants treated as…
Montenegro’s Justice Minister Bojan Božović said Friday that Terraform founder Do Kwon would be extradited to the United States.The U.S. and South Korean governments have been seeking custody of Kwon to face criminal charges related to the collapse of the algorithmic stablecoin Terra/Luna system, which triggered a series of high-profile collapses, including FTX’s, in 2022. Kwon, who was arrested in Montenegro in March 2023 and sentenced to several months in prison for passport forgery, has been fighting extradition to the United States for over a year. Several courts in the country have ruled in favor of the United States or…
TRON fee revenues will reach an all-time high in 2024, signaling increased adoption. Market fundamentals point to a potential trend reversal for TRX Since hitting its recent high of $4.5 three weeks ago, Tron (TRX) has been putting strong downward pressure on the charts. In fact, the altcoin has not fully recovered since hitting a low of $0.22. At the time of writing, the cryptocurrency appears to be trading within a consolidated range between $0.22 and $0.26. Despite TRX failing to maintain an upward trend on the price chart, network adoption and usage surged throughout the year. TRON achieved its…
Dogecoin (DOGE) price action has slowed over the past four weeks after breaking the multi-month resistance level of $0.35 in early November.Dogecoin 1-day chart. Source: Cointelegraph/TradingViewAlthough the daily charts remain bullish, the cryptocurrency asset lost support at the 50-day EMA level on December 19 and is yet to regain its position above the indicator. Despite these short-term concerns, one analyst emphasized that Dogecoin’s long-term targets remain quite high for 2025, considering its previous bullish performance. The Dogecoin target is between $2.35 and $2.60.The CEO, an anonymous cryptocurrency investor, told his 536,000 X followers that Dogecoin is headed for a massive…
CryptoQuant CEO and founder Joo Ki-young said President-elect Donald Trump’s Bitcoin (BTC) policies will likely depend on the perceived strength of the U.S. economy and the U.S. dollar by the global investment community.Professor Joo argued that when investors perceive a threat to U.S. economic hegemony, the prices of store-of-value assets such as gold and BTC soar. However, investors continue to express confidence in the U.S. economy and view the U.S. dollar as a safe haven currency.The CEO said this strong stance makes it unlikely that the Trump administration will adopt a Bitcoin strategic reserve to protect the US dollar’s dominance…
As a cryptocurrency investor and trader, it is difficult to keep up with cryptocurrency prices that can fluctuate significantly within minutes and the market is open 24 hours a day.We may not be able to react quickly to price changes to achieve the best deal. Since you cannot monitor the market 24 hours a day, it is difficult to capture every trading opportunity.age AI Trading Bot We have it. By automating these trading bots to execute trades around the clock, you can ensure you never miss a potential market opportunity.But how does it work and can you benefit more from…
A widely followed cryptocurrency analyst is sounding a warning about one of the popular utility altcoins, saying it could see a slow decline. Bluntz, a pseudonymous cryptocurrency trader, told his 305,200 followers on social media platform According to Bluntz, who applies Elliott Wave theory to technical analysis, HYPE appears to have completed its five-wave rally and is now entering an ABC correction wave that will last until early next year. According to Elliott Wave theory, bullish assets tend to witness ABC corrections after completing a five-wave upward movement. “HYPE has performed well, but here awareness is at its peak and…