JPMorgan Analysts Predict Bitcoin to Reach $45,000 due to Gold Price Rise

JPMorgan investment bank analysts led by senior strategist Nikolaos Panigirtsoglu believe that the rise in gold prices will also affect the bitcoin. In their opinion, BTC will reach $45,000. Nikolaos Panigirtzoglou's team stressed ...

Glassnode Observes Narrowing BTC Trading Range Indicating High Short-Term Volatility

This is what Glassnode The figure is only 3.4% This could indicate high volatility in the short term The BTC trading range has narrowed to 3.4% according to Glassnode. Usually such market behavior indicates high volatility in the short term. The tr ...

Number of Bitcoin Wallets Holding 1 BTC Exceeds 1 Million, Making it More Accessible to Investors

Analytics company Glassnode reported that the number of wallets on the Bitcoin network that hold at least 1 BTC exceeded 1 million on May 13. Analysts attribute the marked increase in the figure to a 65% drop in bitcoin last year, which made it much more accessible to inves ...

Declining Correlation Between Bitcoin and Ethereum Indicates Diversification Opportunities in Cryptocurrency Portfolios

The correlation of rates of the two most popular cryptocurrencies has historically been at a high level, but the indicator has been falling for over two months and has almost reached 80%. This is the lowest level in a year and a half. ...

Validus Power Executive Believes in Investing in Real Estate, Bitcoin, and Gold to Insure Against Banking Crisis

Executive director of Validus Power Corp believes investing in real estate, bitcoin and gold can insure investors against losses related to the banking crisis. Greg Foss, in an interview with Kitco News reacted to a recent statement by U.S. Federal Reserve (Fed) Chairman Je ...

Bitcoin Market Analysis: Recap of the Week’s Key Economic Events

We're introducing a new "macro week summary" This summarizes the economic calendar Friends, every Monday we put together for you an economic calendar announcing important macro events. Let's summarize and see what these metrics were. And how they affected the BTC ...

Former BitMEX CEO Suggests Bitcoin Could Reach $1 Million Due to Bankruptcies

The former CEO of the cryptocurrency derivatives exchange BitMEX Arthur Hayes suggested that the bitcoin rate could soar to $1 million due to the bankruptcy of financial institutions. In a series of tweets, Arthur Hayes shared his opinion on the current situation with ban ...

CEO of Circle Blames Banking Crisis and Regulatory Issues for USDC Market Capitalization Decline

According to the CEO of Circle, the decline in USDC's market capitalization can be attributed to the banking crisis and regulatory issues in the US crypto industry. Currently, USDC is the second largest stablecoin by market capitalization, with Tether (USDT) taking the top spot. In the summer ...

Experts predict parabolic rally for bitcoin as investors seek alternatives to traditional financial instruments

Cryptocurrency market experts believe bitcoin is in the early stages of a parabolic rally, closely copying the behavior of the asset in the 2015 bull market.</div The ongoing banking crisis in the U.S., as well as liquidity and insolvency problems have prompted U.S. inve ...

Factors Expected to Push Bitcoin to $100,000 by End of Next Year

This was made possible by the banking crisis in the U.S. and the reduction of pressure from the Federal Reserve As a result, BTC capitalization is expected to increase by 50-60% If this trend continues, the asset will pass the $100,000 level by the end of next yea ...

Bitcoin’s Course May Change Amid Recession Forecasts, Experts Warn

According to analysts at CryptoPotato, the value of Bitcoin, the first and most popular cryptocurrency, may experience significant changes due to the predictions of an upcoming recession. The experts point to issues being faced by banks in both the US and Europe, and the growing number of negativ ...

Cryptocurrency Trends for 2023: Bitcoin and Ethereum Among Top 10

Bitcoin is ready to break records again, and optimism has prevailed in the market in recent weeks. Will the growth continue and what awaits the prices of the main cryptocurrencies in 2023? The beginning of 2023 pleased cryptocurrency traders. After a serious crypto winter ...

Tether’s CTO Believes Bitcoin Could Beat Its Previous Record Amid Banking Crisis and Economic Uncertainty

According to Tether's CTO, amidst the current banking crisis and global economic uncertainty, Bitcoin's exchange rate may exceed its previous record of $68,000. Speaking at a conference in Paris, Paolo Ardoino noted that many traditional investors are now afraid of large banks collapsing. He a ...

Australian Regulator to Introduce Daily Reporting for Banks on Crypto Investments

Amid the turbulence in the American banking sector, the Australian Prudential Regulation Authority (APRA) has announced plans to mandate daily reporting for domestic banks regarding their investments in startups and cryptocurrencies. As reported by the Australian Financial Review, APRA has issued ...

Goldman Sachs analysts call Bitcoin the best asset of the year with 51% growth

According to investment bank Goldman Sachs, bitcoin has been the standout asset of the year so far, with its value increasing significantly in just under three months. Compared to other major assets, bitcoin has experienced the highest growth rate, having risen by an impressive 51% since the begi ...

Former Coinbase CTO Makes Million-Dollar Bet on Bitcoin Reaching $1 Million in 90 Days

Balaji Srinivasan, a former CTO of Coinbase and a venture capital investor, has made a bold prediction that BTC will reach a value of $1 million within the next 90 days. He has put his money where his mouth is, announcing that he will transfer $2 million into USD Coin (USDC) stablecoins to partic ...

Bitcoin Funds See Drop in Holdings Amid Lack of Institutional Investor Interest

In the midst of recent turmoil in the cryptocurrency market, which was triggered by the simultaneous collapse of several crypto-oriented banks in the United States, bitcoin funds have experienced a significant decline in their asset holdings. As a result, the total amount of BTC held by these fun ...

ARK Invest CEO: Cryptocurrencies are now seen as protective assets during US banking crisis

During the ongoing banking crisis in the United States, the perception of cryptocurrencies has shifted from a risky asset to a protective asset, according to Cathie Wood, the CEO of investment fund ARK Invest. Wood blames the US Federal Reserve and other regulators for the collapse of Silicon Val ...

NFT Traders Decrease Significantly, But Volumes Remain Steady

The population of NFT traders who are currently active has significantly decreased. In February, daily trading activity ranged from 30,000 to 40,000 traders, but as of last Saturday, the number of active traders had dropped to 12,000. DappRadar's data suggests that such low activity levels among ...

Galaxy Digital CEO Michael Novogratz advocates for investing in Bitcoin and Gold

Galaxy Digital CEO Michael Novogratz has reiterated his support for investing in bitcoin and gold, particularly in light of the recent banking crisis in the United States. During an appearance on CNBC's Squawk Box, Novogratz pointed out that banks often cut back on lending in order to restore the ...