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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Analyst and trader Benjamin Cowen believes Bitcoin (BTC) is primed to continue outperforming altcoins. In a new strategy session, Cowen tells his 892,000 YouTube subscribers that the total market cap of altcoins (Total3) when paired against Bitcoin is going to continue on a downtrend. Total3 is the total market cap of all cryptocurrencies with the exception of Bitcoin and Ethereum (ETH). “…now altcoin/Bitcoin pairs are somewhat flat. I think they’re probably going to spend the next few weeks dropping just like they did last year… “ Source: Benjamin Cowen/X Cowen further says that Bitcoin is likely to continue outperforming altcoins until the US monetary policy eases. “My base case right now for Bitcoin dominance is that it will likely go higher until quantitative tightening is over… … I’m bullish on Bitcoin dominance because quantitative tightening has not ended. If the Federal Reserve were to end quantitative ti...

Chainlink (LINK) continues its bullish momentum, with analysts highlighting a clear path toward $40 in the short term. Notably, an Analysis by TradingShot , a prominent technical Analysis firm, highlights the strength of LINK’s current uptrend within a well-defined ‘Channel Up’ pattern.  This channel began after LINK bottomed out in June 2023, marking the start of a sustained bullish trend that is yet to be broken. Picks for you Kite AI and GAIB to open a decentralized market for compute assets   3 hours ago Robert Kiyosaki reveals his next big investment 4 hours ago How much you'd have if you invested $1,000 in Bitcoin when JPMorgan...

Digital assets markets started off the week in the red after Bitcoin (BTC) lost the $100,000 level and fell to $97,470, dragging most altcoins into corrections as well. According to crypto data aggregator CoinGlass, there have been over $567 million in liquidations in the last 24 hours, most of them leveraged long positions in Bitcoin. Closely followed analyst Rekt Capital tells his 519,000 followers on the social media platform X that the correction in altcoins has happened at a key point of resistance in the OTHERS chart, which tracks the total market of digital assets excluding the top 10 and is often used to gauge altcoin strength. “Altcoin Market Cap has performed a Weekly Close above $425bn (black) for the 1st time since 2021 Black has always been a trouble area That said, it’s likely Altcoin Market Cap will experience a much weaker rejection to prompt a much shallower retrace” Source: Rekt Capital/X In another potential ominous sign fo...

Bitcoin hit an all-time high of $99,645 on November 22, 2024, and fell short of breaching the $100,000 milestone. Traders were glued to their screens to watch BTC climb above the $100,000 mark, but the leading cryptocurrency went backward. It is now hovering around the $95,500 level in the charts and is sending mixed reactions on Tuesday. Also Read: Shiba Inu: How Many SHIB Tokens You Need To Make $1 Million? While some investors believe that Bitcoin will go beyond $100,000 in 2024, others claim that a crash is brewing. The development signifies the market as a whole as trading constitutes two sides of the same coin. Robert Kiyosaki, financial analyst and author of the best-selling book ‘Rich Dad Poor Dad’ has warned that BTC will come crashing down to $60,000. Also Read: Ripple (XRP) & Dogecoin (DOGE) Price Prediction For Mid-December 2024 Bitcoin Will Crash to $60,000: ‘Don’t Panic But Buy the Dips on BTC’ He Urged Investors Source: Watcher Guru Kiyosaki ...

The current cryptocurrency market momentum has pushed XRP to claim the $2 price. The positive price push has ushered in a wave of positivity within the market, with several analysts reviewing how Ripple can claim higher price pedestals in no time. Also Read: Cardano Breaks Through $1.05: What’s Next for ADA? XRP To Claim $18? Expert Says Yes Source – Trackinsight The bullish market wave is now pushing XRP to touch new highs. The token has managed to finally claim the coveted $2 price mark, inviting a new influx of investors to explore the token to its fullest. Per Egrag Crypto, a noteworthy crypto analyst, XRP is yet to show its full price potential. In a comprehensive post updated on X, Egrag Crypto outlined how XRP can easily touch the $18 mark, now that the token has started to carve its own price trajectory. He stated how the XRP price chart is showing certain candles or upticks that are signaling a meteoric rise for the token to proceed ahead. For instance, the analyst noted ...

The Shiba Inu (SHIB) market witnessed a major spike over the past couple of weeks. The meme coin’s uptick paid off as several investors were pocketing major gains after SHIB went stagnant for years. Several investors continued buying the asset in hopes of bagging big gains in the future. But a few others were selling and decided to enjoy immediate profits. Amidst this, an analyst made headlines for his views on the same. Also Read: US Economy: Debt Is Breaking America’s Back, Gnawing At Her Freedom Can Shiba Inu Realistically Hit 50 Cents? Over the past month, Shiba Inu witnessed a 27% rise. The meme coin went from trading at a low of $0.00001654 all the way to a high of $0.00002896. This uptick prompted Carl, a Forbes 30 under 30 and to boldly state in a recent post on X that he would not cash out his Shiba Inu holdings until the price of SHIB hits “at least” $0.50. https://twitter.com/TheMoonCarl/status/1857712484834000952 SHIB’s past performance, especially in...

An analyst known as a “Master Trader” on the crypto exchange Bybit believes that furious rallies are in sight for the top memecoin Dogecoin (DOGE). Pseudonymous analyst Bluntz tells his 287,200 followers on the social media platform X that DOGE looks incredibly bullish after breaking out from an Adam and Eve double-bottom pattern against Bitcoin (DOGE/BTC). The bullish structure suggests that DOGE/BTC has printed a major bottom and is poised to start a new uptrend. “Tried to warn you all. Crazy to think this thing is still just getting started.” Source: Bluntz/X A bullish DOGE/BTC chart suggests that Dogecoin is in a position to outpace Bitcoin’s gains. Looking at DOGE against the US dollar, Bluntz believes that the altcoin has the fuel to skyrocket over 260% from current levels. “If only someone had been banging the DOGE drum for some time now. $1 is not the meme you think it is.”  Source: Bluntz/X At time of writ...

A widely followed cryptocurrency analyst and trader is leaning bullish on a top-10 altcoin by market cap. The analyst pseudonymously known as Sherpa tells his 229,600 followers on the social media platform X that Dogecoin (DOGE) is “still very strong looking” amid the flagship memecoin rising by around 60% from the October low. Source: Sherpa/X According to Sherpa, Dogecoin could undergo a correction before going higher. Dogecoin is trading at $0.169 at time of writing. Next up is Bitcoin (BTC). According to the pseudonymous analyst and trader, Bitcoin hasn’t “materially moved” above the $65,000 level in about 1,295 days and could potentially go higher. “Time is ticking… BTC to all-time high loading You are not bullish enough.” Source: Sherpa/X Sherpa also says that the ratio of Bitcoin relative to other crypto assets is set to remain at elevated levels. Based on the widely followed analyst’s chart, it appears that he is suggesting that the...

A widely followed cryptocurrency analyst and trader is highlighting one memecoin that he believes possesses more upside potential while offering his insights on layer-1 altcoin Sui (SUI). The analyst pseudonymously known as Bluntz tells his 278,500 followers on the social media platform X that the feline-inspired memecoin, Simon’s Cat (CAT), “looks finally ready for the next leg higher.” According to the analyst who regularly applies the Elliott Wave theory in his technical Analysis , CAT has completed a three-wave correction to the downside in the four-hour time frame and has enjoyed a “few days of accumulation.” The Elliott Wave theory states that the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern. Based on the pseudonymous analyst’s chart, it appears that he’s suggesting that CAT could rise above the all-time high price of around $0.0000462. “One of the most successful memecoi...

A widely followed crypto analyst is updating his outlook on Ethereum (ETH) competitor Solana (SOL) as the market chops around. In a new video update, crypto strategist Benjamin Cowen tells his 808,000 YouTube subscribers that Solana could plummet in value if a similar https://cdn.thebittimes.com/images/2024/08/29/c0ca925320dc3c7dc0254ef79fed95a1.webp9 market pattern plays out again. Looking at the TOTAL3 chart, which tracks the total market cap of crypto excluding Bitcoin (BTC), Ethereum and stablecoins, Cowen shows that alts rallied in https://cdn.thebittimes.com/images/2024/08/29/c0ca925320dc3c7dc0254ef79fed95a1.webp9 but then plummeted that same year when the Federal Reserve enacted a looser monetary policy. The Fed is now expected to cut interest rates next month after years of hikes. “[Altcoins] had a nice little rally, but they’re giving a lot of it back, which is exactly what happened in the last cycle. Altcoins rallied. They rallied a lot, and ...

Amid a slow period for the price performance of Bitcoin (BTC), which has been struggling to pull itself above the psychologically critical level of $60,000, cryptocurrency analyst Ali Martinez believes it might happen very soon, placing the next target for the maiden crypto asset at $64,000. Specifically, Martinez has noticed similarities in price movements between Toncoin (TON), the native token of decentralized layer-1 blockchain The Open Network, and Bitcoin, with the former possibly “leading the way” for the latter, according to his X post on August 14. Toncoin vs. Bitcoin price performance. Source: Ali Martinez Indeed, Bitcoin’s current price performance remarkably mimics that of TON, which is currently changing hands at the price of $6.63, down 6.88% in the last 24 hours, but still recording an increase of 6.89% on its weekly chart, reducing its monthly losses to 10.85%. Picks for you ...