A closely followed crypto analyst believes digital assets will remain in a bullish trend for a longer duration than in previous cycles.
The analyst pseudonymously known as CredibleCrypto tells his 460,500 followers on the social media platform X that “very healthy signs” have emerged for Bitcoin ( BTC) amid the sideways consolidation that the crypto king has experienced over the past one and a half months.
Leading cryptocurrencies lost their early gains on Thursday as investors awaited the release of crucial inflation data. Cryptocurrency Gains +/- Price (Recorded at 7:45 p.m. ET) Bitcoin (CRYPTO: BTC) +0.
Bitcoin (BTC) price hovers around $104,000 on Friday after bouncing off from its 50-day Exponential Moving Average (EMA) of around 98,800 earlier this week. Ethereum (ETH) and Ripple (XRP) approach key resistance levels; if rejected, they could lead to a correction ahead.
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Donald Trump’s most recent cryptocurrency moves reveal a more substantial alignment with Ethereum rather than Bitcoin.
Bitcoin (BTC) price hovers around $104,000 on Friday after bouncing off from its 50-day Exponential Moving Average (EMA) of around 98,800 earlier this week. Ethereum (ETH) and Ripple (XRP) approach key resistance levels; if rejected, they could lead to a correction ahead.
The Bitwise fund's asset allocation reflects market capitalization proportions, comprising 83% Bitcoin and 17% Ethereum.
The SEC has expedited the approval of Bitwise's combined $BTC and $ETH ETF, marking a stark contrast from the Gensler SEC's waiting period for approving similar offerings.
As expected by veteran crypto analysts, Bitcoin’s rally soon slowed down after hitting a new ATH close to $110,000. This drop is expected to cause ripples and impact altcoin prices across the general market but some altcoins beg to differ.
The SEC has approved Bitwise to list its new ETF that holds both Bitcoin and Ethereum on NYSE Arca on an accelerated basis.