Predictions for the Bitcoin price have been a hot topic of discussion, particularly in light of the recent market crash. While many have expressed bearish sentiments, there are analysts who hold a bullish outlook for the pioneer cryptocurrency. Bernstein analysts have made headlines by predicting that Bitcoin could potentially reach $90,000 in the near future,
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SEC Commissioner Hester Peirce has recently expressed her ongoing concerns regarding the SEC’s Staff Accounting Bulletin No. 121 (SAB 121). Her comments came after a speech by SEC Chief Accountant Paul Munter, who reiterated the Commission’s stance on SAB 121, stating that it remains unchanged. Despite the growing attention around the regulation, Munter emphasized that
Bitcoin (BTC) faced a significant drop in price over the weekend after the release of August nonfarm payrolls (NFP) data, which failed to meet analysts’ expectations. This led to a rapid decline of nearly 5% in BTC’s price, causing it to fall below the $54,000 range, its lowest level since early August. The broader crypto
Friend.tech recently made a bold decision to relinquish control of its smart contracts and transfer ownership to Ethereum’s null address. This move had immediate repercussions on the platform’s ecosystem, particularly on the value of the FRIEND token. Although the decision sparked some market reactions, it only scratches the surface of the deeper issues plaguing the
The world of cryptocurrency is a volatile and constantly evolving one, with Bitcoin being at the forefront of it all. Recently, crypto analyst Daan Crypto has shed light on a Bitcoin Rainbow Chart that provides valuable insights into the current price action of the leading cryptocurrency. Bitcoin has been struggling to maintain its position above
Ethereum, despite its immense popularity, is currently facing a bearish trend, causing concern among investors. The price drop has led to speculations that Ethereum could dip below $2,000 once again. However, there is a glimmer of hope in the form of a bullish pattern emerging on the Ethereum price chart. A falling wedge pattern has
Ever since the Merge two years ago, Ethereum has been experiencing a decline in performance compared to Bitcoin. What was once considered ultra-sound money, ether (ETH) is now on the brink of falling into undervalued territory. The reasons behind Ethereum’s underperformance since the Merge have been identified by blockchain analytics platform CryptoQuant. Issues such as
Bitcoin’s market price has recently experienced a significant drop, falling below $50,000 for the first time since the approval of spot Bitcoin ETFs in the US. This decrease comes after a previous crash in early August, where the price of Bitcoin plummeted before rebounding to $65,000. However, the bears appear to have regained control of
Cardano (ADA) is currently facing a critical resistance level at $0.33, indicating a period of fear and uncertainty in the market. However, there is growing optimism among some investors who view this as a buying opportunity. On-chain data from IntoTheBlock reveals that buy orders for ADA tokens outweigh sell orders by a significant margin, suggesting
Bitcoin, the leading cryptocurrency, experienced a significant drop in price on Friday, causing panic among investors. However, the market managed to stabilize, and Bitcoin regained some of its losses on Saturday, hovering above the $54,000 mark. This price movement has not only affected Bitcoin but also had repercussions on other altcoins in the market. Ethereum