Nestled in the second position of the cryptocurrency market cap hierarchy, ethereum (ETH) currently trades below the $1,900 per unit mark. However, the industry experts at Santiment predict a bullish upturn, indicating that the digital asset might claw its way back to the $2,000 territory in the coming month. In Santiment’s view, ethereum is reveling…
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Overhead resistance levels continue to constrict Bitcoin price expansion, leading some analysts to forecast a brief sweep of the $27,500 level. After a spectacular first half of 2023, the price of Bitcoin (BTC) appears to have stalled out, being stuck between $29,000 and $31,500. There could be reason to believe that in the near term,…
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BlackRock’s application for a spot Bitcoin ETF has kicked off the next Bitcoin bull run, which will culminate in 2024 with a speculative parabolic run, according to Morgan Creek Capital’s Mark Yusko. BlackRock’s application for a Bitcoin exchange-traded fund (ETF) has sparked the beginning of a new crypto bull market, which will go parabolic at…
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A variety of macro factors propelled the recent rally across several asset classes, but analysts are at odds regarding the sustainability of the current bullish trend. The long-awaited recession and resulting resumption of the 2022 bear market that many have been expecting have failed to materialize so far in 2023. In fact, most assets have…
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Bitcoin’s market performance in the first half of 2023, surging by 80% against the U.S. dollar, has enthusiasts eagerly speculating about its year-end price. Techopedia and Changelly have released price prediction reports with varying estimates, suggesting that bitcoin’s value could range from $25,175 to $40,836 per unit by the close of the year. Techopedia vs.…
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After the U.S. central bank refrained from boosting interest rates last week, investors now anticipate two more hikes that may elevate the federal funds rate to 5.6% by the year’s end, climbing 50 basis points (bps) from its present level. CME’s Fedwatch tool indicated on Tuesday that market predictions imply a 25bps increase during the…
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According to statistics, the meme coin asset pepe (PEPE) still holds the third position in terms of the largest meme token market capitalization. However, PEPE has lost over 70% in value during the past 30 days. Pepe Value Slides 26% Lower Over the Past 2 Weeks The meme coin pepe (PEPE) has experienced a significant…
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Cointelegraph analyst and writer Marcel Pechman explains why the cryptocurrency market has lost 60% of its market cap, with the S&P 500 only about 15% from its all-time high. Macro Markets, hosted by crypto analyst Marcel Pechman, airs every Friday on the Cointelegraph Markets & Research YouTube channel and explains complex concepts in layperson’s terms,…
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Scientists at the University of Melbourne and Tsinghua University published pre-print research comparing the cryptocurrency market to traditional equities. A pair of computer science researchers recently published pre-print research indicating that the nascent cryptocurrency market is beginning to show a level of maturity similar to the traditional equities market. Dubbed “Collective dynamics, diversification and optimal…
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Cointelegraph analyst and writer Marcel Pechman explains how a potential looming recession might be causing Bitcoin’s price to rise. The show Macro Markets, hosted by crypto analyst Marcel Pechman, which airs every Friday on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in layman’s terms and focuses on the cause and effect of…
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