Bitcoin’s price is primed for a breakout before the end-of-month FOMC meeting, but it could go either way, says a crypto analyst.
10x Research’s founder Markus Thielen said the Federal Reserve’s decisions remain Bitcoin’s “primary risk,” slowing it from another price surge.
10x Research says Ether may not be a smart bet for the much-anticipated 2025 bull run, though other analysts say the jury’s still out.
Net inflows into spot Ether ETFs were positive in 22 of the last 24 trading days in 2024 and one analyst expects flows to increase even more under the Trump administration.
If the crypto market were a country, it would be the eighth largest in GDP terms behind the United States, China, Germany, Japan, India, the United Kingdom and France.
Almost $180 million in short positions in Bitcoin have been wiped as it hit a new all-time high, with an analyst saying it is “meaningful” that it is driven by spot demand.
NEAR, RNDR, TAO and LPT booked double-digit gains as artificial intelligence-focused tokens were the best performers within the CoinDesk 20 Index.
10x Research’s Markus Thielen says there’s one stablecoin metric that is key to indicating institutional interest in Bitcoin, but it’s not flashing green right now.
The popular Bitcoin valuation metric hasn’t been at this level since the downfall of cryptocurrency exchange FTX in November 2022.
The market will have to absorb between $4-$6 billion worth of bitcoin selling pressure throughout the summer months, weighing on prices, K33 Research said.
Cryptocurrency traders believe that the recent market downturn is just a “shakeout” and there is a “bullish continuation” on the horizon.
Bitcoin price movements may “appear random,” but critical drivers such as inflation are what’s making it move, according to a crypto analyst.
Ethereum is already home to the world’s largest DeFi protocols, tokenized RWAs, and stablecoins, but its technical roadmap could be hard for TradFi to understand.
The massive overall demand for Bitcoin along with macroeconomic factors will play a far bigger role in driving the price of Bitcoin this year.
Mitchell Askew of Blockware Solutions said investors cashed in some profits during the end-of-December holiday period after a strong month.