Bitcoin

Ethereum price started a fresh increase from the $3,365 zone. ETH outperformed Bitcoin and might aim for a move toward the $3,800 resistance zone. Ethereum started a recovery after the bulls appeared near the $3,365 zone. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $3,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend gains if it stays…

Bitcoin price started another decline from the $66,850 resistance zone. BTC is again moving lower and might even decline below the $65,500 support zone. Bitcoin failed to climb above $67,000 and started another decline. The price is trading below $66,800 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $66,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down…

Bitcoin (BTC) advocate Michael Saylor has shared a bullish prediction of $8 million per coin based on the long-term value of the digital asset. He reiterates that despite recent poor performance, Bitcoin’s future remains bright with the potential to replace the traditional monetary system. Bitcoin (BTC) has come under bearish pressure in recent months but this has not deterred its crusaders. Michael Saylor, who is a big advocate of the digital has offered an astronomical prediction on the future value…

The launch of Bitcoin exchange-traded funds (ETFs) in January marked a significant milestone. However, financial advisors are approaching these new investment vehicles with caution. BlackRock’s Chief Investment Officer of ETF and Index Investments, Samara Cohen, provided insights during the Coinbase State of Crypto Summit in New York City. Why Financial Advisors Shun Bitcoin ETFs Cohen explained that about 80% of Bitcoin ETF purchases are currently made by self-directed investors using online brokerage accounts. According to last quarter’s 13-F filings, hedge…

Trump has reportedly floated the idea of eliminating income tax and substituting it with tariffs on imports if he defeats Joe Biden in the November polls. The proposal’s proponents say it would be a huge relief for the average American who can use the money to invest, with riskier assets such as Bitcoin and stocks set to be the biggest beneficiaries. If Donald Trump emerges victorious in the upcoming US elections, Americans might pay little or no income tax at…

The post Bitcoin, Ethereum, And XRP Price Prediction: Is The Bull Rally Over? appeared first on Coinpedia Fintech News The crypto market continues to record significant price volatility, highlighting increased price action in the crypto space. However, top tokens display a negative influence, indicating a rising disinterest of investors in it. Moreover, elite cryptocurrencies such as Bitcoin, Ethereum, and Ripple fail to hold their respective price above their important support levels. This escalated the concerns of investors about their investments…

Bernstein analysts Gautam Chhugani and Mahika Sapra recently revised their price targets for Bitcoin in their latest market report, which also initiated coverage on MicroStrategy. These analysts also outlined factors that they believe could contribute to BTC’s exponential price surge.  Bitcoin To Hit $200,000 And Then $1 Million Chhugani and Sapra predicted in the report that BTC will rise to a cycle high of $200,000 by 2025 and that the flagship crypto will reach $1 million by 2033. Bernstein had previously…

According to data from CoinMarketCap, Bitcoin has had an unimpressive week with its market price falling by 4.65% over the last seven days. However, prominent crypto analyst Ali Martinez has released a price alert indicating that the market leader could be set for more losses if it fails to secure a certain support zone. Bitcoin URPD Chart Shows Potential Correction – Analyst In an X post on June 15, Martinez stated that Bitcoin needs to quickly rise above $66,254 else…

Contrasting with the lengthy approval process of Bitcoin ETFs, Ethereum ETFs might see faster regulatory clearance. As SEC finalizes Ethereum ETFs, Ethereum shows slight market gains against the broader cryptocurrency market downturn. Recent updates suggest a potential early July approval for Ethereum ETFs, as indicated by Bloomberg’s senior analyst Eric Balchunas. Following a positive review by the Securities and Exchange Commission (SEC), Balchunas pinpointed July 2 as a likely start date for these ETFs. This prediction aligns with SEC Chair…