Alex Dovbnya There’s a “decent probability” that Bitcoin sees another price crash, a prominent trader says Jake Wujastyk, VP at TrendSpider LLC, believes that the 2017-2019 monthly closes are an “inevitable area” for Bitcoin, the largest cryptocurrency to test.  Wujastyk adds that there is a decent probability that such a scenario could play out.  After hitting $19,666, the peak of the previous bull run, Bitcoin closed December 2017 at $13,880. The largest cryptocurrency… Source link

Bitcoin (BTC) millionaires are becoming an increasingly rare breed as numbers fall 80% in a year. According to the latest data from on-chain analytics firm Glassnode, there are now just 23,000 wallets with a BTC balance worth $1 million or more. 1 year, 90,000 fewer million-dollar BTC wallets In yet another indication of how far the crypto market has fallen since Bitcoin’s last all-time highs, Bitcoin millionaires have been seriously feeling the pinch. Glassnode, which tracks multiple cohorts… Source link

Bitcoin (BTC) has been trading in a tight range since Thanksgiving Nov. 24, as traders are uncertain about the next directional move. Usually, in a bear market, analysts tend to become uber-bearish and project targets that tend to scare away investors. The failure of Bitcoin to start a strong recovery has given rise to several bearish targets, which extend up to $6,000 on the downside. Although anything is possible in a bear market, traders who have a long-term view could try to accumulate… Source link

The second largest cryptocurrency, Ethereum (CRYPTO: ETH), traded lower on Friday, falling below the $1,200 level, before bouncing back above the key level early Sunday. According to Santiment, Ethereum whales are accumulating the cryptocurrency at the highest rate since 2020. Santiment said the last accumulation at this scale happened in 2020. At that time, it sparked an ETH rally which saw the price rise by 50%. Last week, ETH whales moved a massive $1.03 billion worth of Ethereum in just one… Source link

Ethereum addresses holding more than 100 ETH increased in the past weeks Staking rewards and the current price of ETH might be a motivation for the increased accumulation The price of Ethereum [ETH] has fluctuated between extreme highs and lows during the last few months, making investors less eager to invest in the coin. Nevertheless, despite the apparent drop in price, some specific groups of Ethereum holders appeared to be increasing their accumulation. Read Ethereum… Source link

Ether (ETH), which is the second largest cryptocurrency in terms of market capitalization, is popular among cryptocurrency investors because of its native ETH token. However, its native Solidity programming language and Ethereum Virtual Machine (EVM) are instrumental in the adulation it receives from the developer community. In fact, the Ethereum blockchain continues to attract decentralized application (DApp) developers due to its flexibility, the vast range of developer tools available and… Source link

Ether (ETH), which is the second largest cryptocurrency in terms of market capitalization, is popular among cryptocurrency investors because of its native ETH token. However, its native Solidity programming language and Ethereum Virtual Machine (EVM) are instrumental in the adulation it receives from the developer community. In fact, the Ethereum blockchain continues to attract decentralized application (DApp) developers due to its flexibility, the vast range of developer tools available and… Source link

It’s a simple question. Every Bitcoin (BTC -0.10%) investor must have given it at least a passing thought. Can this newfangled digital currency make me enough money to let me clock out for early retirement? Unfortunately, I can’t share a simple yes-or-no answer with you. In reality, the correct answer in your specific situation must lie somewhere between “I don’t know” and “it depends.” However, we can take a look at some of the most important factors that can lead to a more concrete… Source link

Binance is one of the centralized crypto entities pushing for a fair crypto regulation that could help to keep many exchanges and crypto institutions in check over how they distribute their finances to serve investors and product users. While regulations are yet to be accepted by the community, cryptocurrencies continue to rise and fall. For every fall, the community predicts a potential rise. Judging by the crypto market’s history, this has been the case all the time. As the crypto… Source link

Advertisement &nbsp &nbsp Davinci Jeremie, an early crypto adopter and host of the davincij15 YouTube channel, predicts that Bitcoin’s price will grow by ten times in the next bull run but warns it could plunge further before then. “I think we will finally see $100,000…I think we’ll do at least 10x from the bottom,” said Davinci at a November 25 interview with Kitco news. Asked by Kitco’s David Lin if his forecasts then meant that Bitcoin would… Source link