Bitcoin (BTC) market’s tendency to crash by over 80% after logging strong bull runs might come to an end. That is according to a new report published by California-based hedge fund Pantera Capital. In detail, the report notes that the recent periods of BTC price drops have been less severe than in the past. For instance, in 2013-15 and 2017-18, Bitcoin crashed by as much as 83% after topping out near $1,111 and $20,089, respectively. Similarly, the cryptocurrency’s bull run in 2019-20 and… Source link

Key Support level: $3,600 Key Resistance level: $3,900 Over the weekend, the second-largest cryptocurrency has consolidated just under the current resistance range of $3,900. However, similarly to Bitcoin, before ETH attempts to break its current all-time high at $4,380, it could retest the key support level as shown in the following ETH/USD chart. In case of a retest to confirm the $3600 level as support, ETH’s price might surpass $4,000 before the end of the month…. Source link

Michael Burry (as played by Christian Bale in The Big Short) believes bitcoin will crash. To date though, it just keeps going up. Photo-Illustration: Konstantin Sergeyev/Intelligencer. Photos: Paramount Pictures; Getty Images During the past year of COVID-induced market mania, cryptocurrencies have gone up so much — bitcoin… Source link

The arrival of a bitcoin futures ETF has investors wondering which cryptocurrency could be next in line. Ethereum, the second-biggest cryptocurrency, is the most likely candidate, according to speculation on social media. A couple of cryptocurrency market leaders are convinced that it is only a matter of time before an Ethereum ETF emerges. Crypto investor Lark Davis, who is behind the Wealth Mastery newsletter, is bullish on the prospects for an Ethereum ETF. He noted how the Ethereum price… Source link

Bitcoin pulled back after hitting $ 57,800, which could enter a low-time ABC correction. The modest pullback caused the coin to retreat 6.8% from the local high to the Fibonacci level of 0.0236. Technically, BTC / USD has not set a lower local low, leaving the door open for the bulls to regain lost ground and continue the trend in a hurry. Still, Bitcoin could consolidate further before resuming the trend, which would have the advantage of providing structure to price… Source link

Monero coin price is currently observing a downside momentum which can lead it to a new low soon. It has seen a loss of more than 0.25% in the past 24 hours. XMR coin technical indicators suggest a bearish momentum in price. Meanwhile, XMR/BTC pair is down by more than 3% in the intraday session XMR crypto price is currently observing a downside momentum which can lead it to a new low in the future. Monero’s price is currently near the value of $268 and is down by more than 0.2% in the… Source link

Trader and cryptocurrency analyst Alessio Rastani believes Bitcoin (BTC) is entering the final stage of the current bull market, which will propel the leading cryptocurrency to a $100,000 price target.  To explain his prediction, Rastani cited the Elliott Wave Theory, which divides upward price trends into five waves. Rastani believes we have entered the final wave of a bull trend that started at the beginning of 2019 and that should see its top at some point next year. “When this… Source link

The first bitcoin exchange-traded fund is expected to start trading Tuesday, making the most widely traded cryptocurrency available to most investors with a brokerage account. Here is a look at what it means. What is happening? ProShares filed plans Friday, laying the groundwork for the launch of its Bitcoin Strategy ETF. Other funds are expected to follow over the next two weeks as the Securities and Exchange Commission considers additional… Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin continued to climb overnight and was trading almost 4.4% higher early Saturday morning at nearly $61,700. Bitcoin rivals Ethereum and Dogecoin were trading around $3,915 (+3.41%) and nearly 24 cents (+4.6.9%) per coin, respectively, Coindesk reported. Cryptocurrency Tether and crypto exchange Bitfinex have agreed to pay $42.5 million to settle civil charges from the U.S. Commodity Futures Trading Commission (CFTC) over allegedly… Source link

Ethereum Ethereum rose by 2.08% on Friday. Following a 5.08% rally on Thursday, Ethereum ended the day at $3,869.73. A mixed start to the day saw Ethereum fall to an early intraday low $3,734.44 before making a move. Steering clear of the first major support level at $3,644, Ethereum rallied to a late intraday high $3,900.00. Ethereum broke through the first major resistance level at $3,884 before easing back. Falling short of the second major resistance level at $3,977, Ethereum ended the day at… Source link