A closely followed crypto analyst says that one Solana (SOL) rival is exhibiting market strength despite Bitcoin's (BTC) pullback to the lower $90,000 range. Pseudonymous analyst Pentoshi tells his 822,400 followers on the social media platform X that the native token of the layer-1 blockchain Sei (SEI) is primed for another leg up.
TL;DR Charles Hoskinson predicts Bitcoin could surge to $250,000–$500,000 within the next 12 to 24 months, driven by institutional investment and DeFi opportunities. Hoskinson views Bitcoin as a strategic reserve asset for governments and institutions, similar to gold, aligning with recent developments like Trump's pledge to create a Bitcoin strategic reserve.
Bitcoin is showcasing a classic slice of volatility having emerged from its latest banana zone. The world's largest cryptocurrency was slapped 5% lower this money and another 1.2% yesterday before recovering those Tuesday losses this morning.
Bitwise proposed a mix-crypto Bitcoin and Ethereum ETP, weighted by market capitalization. Bitwise CIO Matt Hougan believes the ETP will be a huge hit with investors, offering a balanced exposure to two largest cryptocurrencies.
Bitcoin's (CRYPTO: BTC) dip to $93,000 can be attributed to pressure from a combination of macroeconomic shifts, technical signals and on-chain trends, according to the latest note by 10x Research. Despite this, the long-term outlook for 2025 appears optimistic, aligning with Bitcoin's historical cycles and broader economic trends, the analysts report.
The sell-off marks a sharp turn as whales reverse their October spree of buying hundreds of thousands of Bitcoin.
Bitcoin (BTC) has fallen short of the highly anticipated $100,000 milestone, a psychological barrier closely monitored by market participants.
Analysts are eyeing a 20–30% Bitcoin correction before the world's first cryptocurrency breaches the $100,000 mark.
Bitcoin is on sale this Black Friday when billions are expected to be spent on all sorts of goods and luxuries as workers across the world receive their last paycheck before Christmas.
With Bitcoin's future growth driven by institutional investments and ETFs, the CryptoQuant head advises altcoins to create unique approaches to draw fresh capital.
Short-term holders have sent almost $8 billion worth of bitcoin to exchanges at a loss over the past two days. The volatility in recent bitcoin price action has seen wild record swings in profit-taking to panic selling.
SUI Network's rise is powered by DeFi integrations, strategic cross-chain partnerships, and strong token demand.
On-chain data shows the Bitcoin investors who purchased at the top are capitulating following BTC's drawdown under the $93,000 level. Bitcoin Short-Term Holders Have Just Sold Big At A Loss As an analyst in a CryptoQuant Quicktake post explained, the latest BTC crash has triggered panic among the short-term holders.
The Bitcoin price suffered a 9% reversal, equivalent to around $9,000, after it came within touching distance of the $100,000 price level. It now appears this reversal could be over, and Bitcoin bulls look to be taking charge again.
Bitcoin's (BTC) incredible rally hit a rough patch after November 22, as investors appear to have lost their patience waiting for the cryptocurrency to fully close the final $2,000 gap to $100,000.
Haider Rafique, Global Chief Marketing Officer at OKX, has warned of heightened volatility as Bitcoin approaches the $100,000 mark.
Almost four years ago to the day, Bitcoin experienced a dramatic 17% plunge from $19,500 to $16,200 in 2020, an event that became infamously known as the “Thanksgiving Day Massacre.” As the holiday approaches once again, market participants are questioning whether history might repeat itself.
Crypto traders are nervously eyeing how low the bitcoin price could fall
The Bitcoin price has returned to $93,600 this morning after suffering a dive to the $91,000 overnight, with profit-taking remaining strong in the market today. The post Is A Repeat of the 2020 “Thanksgiving Massacre' Imminent for Bitcoin? BTC Drops to $91k, What's Next? appeared first on Cryptonews.
Predictions about Bitcoin in comparison to Trump's win and four years in office remain. Dan Morehead, founder of Pantera and former Goldman Sachs Group bond trader, estimates that Bitcoin will reach $740,000 by April 2028.
Since September 2023, Bitcoin has demonstrated a 70-day delay in mirroring the global M2 money supply movement.
Since September 16, the Japanese Yen has dropped by over 7.15% against the US dollar. The drop has negatively affected many Japanese companies.
The cryptocurrency market faces an absolute bloodbath, with Bitcoin (BTC) sliding toward the $90,000 mark as the ongoing price correction deepens amid rising liquidations and profit-taking.
On the yearly chart, Bitcoin rose 146% while MicroStrategy gained over 599% as more retail investment increased MicroStrategy's volatility compared to BTC.
TL;DR Bitcoin (BTC) is nearing the $100,000 milestone, prompting long-term holders (LTHs) to distribute over 507,000 BTC, realizing a record $2.02 billion in daily profits. Most sell-side pressure comes from coins aged between six months and one year, indicating a more aggressive distribution campaign.
The risk indeed seems to be there, but it concerns the future and not the present.
A significant drop in Bitcoin reserves on exchanges is the evidence of rising self-custody adoption, Trezor CCO Danny Sanders said.
Jim Cramer has urged investors to consider adding crypto assets such as Bitcoin and Ethereum to their investment portfolio.
Is a Bitcoin Sell-Off Imminent? History Suggests a Very Clear Answer.
While the crypto market remains in decline, with Bitcoin dropping to $92,668, strong inflows into Ethereum ETFs signal growing confidence among institutional investors, who are betting on recovery as Ethereum eyes the $4,000 level.
The cryptocurrency market has recovered some of the losses incurred in the past few days.
Bitcoin pulls back 7.6% from all-time highs to $92,476 amid declining exchange reserves and limited retail participation, suggesting an accumulation phase similar to 2020 patterns.
Looking to ride the crypto wave? Look no further than these five gems.
After closing the last four days in a bearish outlook, Bitcoin (BTC) price has significantly slowed down in the initial bullish momentum towards the much-hyped target of $100k. Moreover, the flagship coin has consistently closed below the previously established support level of $95k.
MARA Holdings Inc. (NASDAQ:MARA) exhorted the incoming Donald Trump administration to expand domestic Bitcoin (CRYPTO: BTC) mining operations, emphasizing the significance of the U.S. controlling a larger portion of the global hash rate for economic sovereignty. What Happened: In an X post on Tuesday, the company highlighted the increasing competitiveness of Bitcoin mining and the potential economic implications of not securing a significant share of the global hash rate.
The altcoin market has reached a two-year high of $840 billion as cryptocurrency investment broadens beyond Bitcoin, showing patterns similar to previous market cycles
Pantera Capital CEO Dan Morehead projects Bitcoin could reach $740,000 by 2028, citing that 95% of financial wealth has yet to engage with blockchain technology, while the cryptocurrency currently trades at $93,192 after failing to break through the $100,000 resistance level.
Bitcoin approaches an unprecedented $100,000, fueled by significant ETF inflows and robust institutional demand, despite facing profit-taking pressures at its all-time high.
Solana memecoin market cap grew $985 million in the last 24-hours, despite Bitcoin prices tumbling to weekly lows, GOAT, CHILLGUY, BINK emerge top gainers.
The founder and CEO of the on-chain analytics firm CryptoQuant has explained where the peak Bitcoin market cap lies based on the current hashrate. Bitcoin Ceiling Could Lie At This Level Based On Network Hashrate In a new post on X, CryptoQuant founder and CEO Ki Young Ju discussed a BTC pricing model that puts upper and lower bounds on the cryptocurrency's price using the trend in the mining hashrate.
Renowned Bitcoin critic Peter Schiff recently asserted that after the company's aggressive buying spree ends, Bitcoin (BTC) and MicroStrategy (MSTR) may crash. With $10 billion already spent, Schiff noted that MicroStrategy's three-year plan to spend $42 billion on Bitcoin could be completed much sooner than expected.
The legislation proposes the creation of a Sovereign Strategic Bitcoin Reserve, cleverly dubbed RESBit.
Bitcoin's $100K path will not be easy and with ups and downs, many predict hitting a large figure will take a path of dips. Bitcoin's recent dip from nearly $100,000 to around $91,000 is stirring up this debate among traders and analysts.
Bitcoin long-term holders need more than a 10% dip from all-time highs to sell BTC en masse, Glassnode reveals.
Congressman Eros Biondini wants to establish the Bitcoin Sovereign Strategic Reserve, also known as RESBit (Reserva Estratégica Soberana de Bitcoins). This reserve would help Brazil's Treasury by adding Bitcoin to its mix of national assets.
Remixpoint, a Japanese energy and automotive firm, jumps on the recent Bitcoin surge by adding $3.2 million worth of BTC to its crypto holdings. In a recent company notice, Remixpoint declared that it has purchased 500 million yen (around $3.
BTC's rally has stalled since Friday for several reasons, including waning demand at record prices. The AUD/JPY pair has turned lower, hinting at a broad-based risk aversion amid the talk of a BOJ rate hike in December.