Bitcoin’s (BTC) future may “stand in stark contrast to the rest of the world,” asset manager Fidelity Investments predicts. In a recent research piece, “The Rising Dollar and Bitcoin,” released Oct. 10, Fidelity Digital Assets, the firm’s crypto subsidiary, drew a line between Bitcoin and other currencies. Bitcoin “does not correspond to another person’s liability:” Report While hardly a stranger to bullish takes on Bitcoin, Fidelity continues to publicly reiterate its faith… Source link

A popular crypto strategist known for his timely altcoin calls says that Ethereum (ETH) and decentralized oracle network Chainlink (LINK) are setting the stage for a big move to the upside. Pseudonymous analyst Altcoin Sherpa tells his 184,900 Twitter followers that the leading smart contract platform is trading within a tight range as it gears up for a potential 38% surge. “ETH: still confident this goes to $1,600-$1,800 for the next big move.” Source: Altcoin… Source link

Monero (XMR), an open-source cryptocurrency first focusing on privacy and decentralization, managed to initiate a price pump despite the greater majority of crypto space struggling to get out of the red zone. Monero managed to bounce back twice from its support range of $134.5 XMR remains “in the green” for its intraday, weekly and monthly price readings A surge all the way to $171 is possible for Monero if it moves past its current resistance range The… Source link

Monero (XMR), an open-source cryptocurrency first focusing on privacy and decentralization, managed to initiate a price pump despite the greater majority of crypto space struggling to get out of the red zone. Monero managed to bounce back twice from its support range of $134.5 XMR remains “in the green” for its intraday, weekly and monthly price readings A surge all the way to $171 is possible for Monero if it moves past its current resistance range The… Source link

Solana has already cemented its reputation as one of the largest competitors of Ethereum which had earned it the nickname of ‘Ethereum Killer’. The community has run with this narrative and it has led to a fierce rivalry between the communities behind both networks. However, Solana founder Anatoly Yakovenko has actually come forward to debunk this belief and has presented a new one entirely. Solana Is Not An ‘Ethereum Killer’ Speaking on the Decrypt gm… Source link

DNY59 Thesis Summary Bitcoin (BTC-USD) has barely moved over the last few weeks. However, historical evidence suggests we could see some wild price swings this week. This could come in the form of a relief rally, a final capitulation event, or even an impulsive rally that suggests the bottom is in. Something Big is Brewing Bitcoin has been lying dormant for the last few months. The coin has seen reduced volatility, and the price has been almost flat. In fact, Bitcoin has outperformed the… Source link

This week’s letter focuses on only one piece of crypto news… for good reason.  One of the biggest tech companies in the world has just partnered with a crypto most folks have never heard of… but it could soon give Ethereum a run for its money.  Google Cloud announced it will provide infrastructure and tech support for Near Protocol (NEAR)’s startup Pagoda project, the first-ever Web3 platform where developers can build and launch new blockchain products.  The Pagoda platform comes… Source link

The Monero (XMR) price is expected to break out from its current pattern as long as it stays above the $135.3 support area. Zcash (ZEC) is also trading inside a descending parallel channel, but its outlook is more bearish due to it trading below the $53 resistance area. XMR Price Bounce Hints at Breakout XMR has been decreasing inside a descending parallel channel since reaching a high of $174.2 on Aug. 16. The downward movement has twice (green icons) led to lows near the 0.5 Fib… Source link

Bitcoin (BTC) has been trying to break above the $20,500 resistance for the past 35 days, with the latest failed attempt on Oct. 6. Meanwhile, bears have displayed strength on four different occasions after BTC tested levels below $18,500 during that period. Bitcoin/USD price index, 12-hour chart. Source: TradingView Investors are still unsure whether $18,200 was really the bottom because the support level weakens each time it is tested. That is why it’s important for bulls to keep the… Source link

Bitcoin’s (BTC) lack of volatility has been the dominant discussion point among traders for the past two weeks and the current sideways trading within the $18,000 to $25,000 range has been in effect for 126 days. A majority of traders agree that a significant price move is imminent, but exactly what are they basing this thesis on?  Let’s take a look at three data points that predict a spike in Bitcoin volatility. Muted volatility and seller exhaustion According to Glassnode research, the… Source link