Author: Sollcrypto

Bitcoin Price Consolidates Below $68,500: Is Another Surge Imminent? Bitcoin price has remained below the $68,500 resistance zone, entering a consolidation phase while maintaining its gains. BTC is currently trading above $66,800 and the 100-hourly Simple Moving Average, potentially gearing up for a fresh upward move. A key bullish trend line is forming with support at $62,200 on the hourly chart of the BTC/USD pair (data feed from Kraken), indicating that the pair might extend its gains and break above the $68,500 resistance zone soon. Bitcoin Price Holds Steady Above $67K Bitcoin price recently surged past the $66,500 and $67,000…

Ethereum price is gearing up for a historic rally as a major bullish market structure nears completion, coinciding with the eagerly anticipated start date of Ethereum ETF trading. Despite a 2.9% dip to $3,438 in the last 24 hours, ETH remains stable following the SEC’s approval of nine spot ETH ETF applications. Meanwhile, Bitcoin’s price holds steady above $66,700, just 10% shy of its previous all-time high.

As Bitcoin sustains its price above the $60,000 range, some institutional investors are betting on a positive price trajectory, with call options speculating on a rise to $100,000 by year-end. Despite recent pressures from significant Bitcoin liquidations by the Mt. Gox distribution and sales by the German government, Bitcoin’s price has shown notable resilience. These developments reflect a strong appetite for large-scale cryptocurrency investments, particularly from experienced investors aiming to profit from potential end-of-year rallies. $100,000 Call Options Signal This QCP Capital’s analysis highlights this trend, emphasizing the continued confidence among institutions despite the German government injecting nearly 50,000 BTC…

Market Update: Grayscale’s Fees and Ethereum Foundation’s Moves Impact ETH Grayscale’s Ethereum Trust fee could spark outflows, canceling out potential inflows across Ethereum ETFs. Meanwhile, an Ethereum Foundation-related wallet has been selling ETH on exchanges. Ethereum has the potential to hit a new all-time high if it breaks through key resistance levels. Currently, Ethereum (ETH) is down 0.4% on Thursday, influenced by speculations about the negative impact of Grayscale’s Ethereum Trust fees and the recent ETH sales by the Ethereum Foundation. Daily Market Movers: Grayscale’s Fees and Ethereum Foundation’s Sales The 2.5% fee on Grayscale’s Ethereum Trust has frustrated many…

Fidelity Digital Assets Integrates Litecoin into Cryptocurrency Lineup Fidelity Digital Assets, renowned for its robust investment and financial services, has officially added Litecoin to its cryptocurrency offerings. This marks Litecoin as the third digital currency featured alongside Bitcoin and Ethereum. As a financial giant managing over $12 trillion in assets, Fidelity’s inclusion of Litecoin represents a significant endorsement for the cryptocurrency. This move is expected to attract a broader demographic of investors interested in diversifying their digital asset portfolios through a trusted platform. Litecoin’s Unique Appeal Often referred to as the silver to Bitcoin’s gold, Litecoin offers a unique proposition…

Ethereum ETFs are set to propel ETH to a new all-time high above $5,000, according to Bitwise. Citi predicts ETH ETFs will attract around $5 billion in net inflows within six months of their launch. Trader Peter Brandt suggests ETH could rally 60% if it makes a key move. Ethereum (ETH) rose nearly 2% on Tuesday following predictions from Bitwise Chief Investment Officer (CIO) Matt Hougan that ETH ETFs could push ETH to a new all-time high above $5,000. Predictions from Citi Bank and trader Peter Brandt support Hougan’s outlook. Daily Digest Market Movers: Ethereum ETFs Crucial for New All-Time…

Samson Mow, CEO of Jan3, has shared a post on the X platform (formerly known as Twitter), identifying a key price level at which BTC is expected to skyrocket. He also addressed the recent Bitcoin price decline that shocked the cryptocurrency market. Here’s When the Bitcoin Bull Run Will Begin, According to Mow Samson Mow addressed the global crypto community to share his perspective on when Bitcoin will initiate its next massive bull run. Mow believes this is likely to begin once the world’s leading cryptocurrency reaches the $100,000 mark. Despite Bitcoin’s recent significant decline and its failure to reach…

Traders anticipate a bitcoin rally to $70,000, buoyed by an improved macro environment and the potential for a crypto-friendly U.S. administration under Donald Trump. Reduced selling pressure from key wallets and a more favorable political outlook for the crypto sector have bolstered bullish sentiment, despite recent volatility and concerns over Mt. Gox repayments. Bitcoin (BTC) traders expect prices to reach as high as $70,000 in the near term, as sentiment around the broader crypto sector improves ahead of the U.S. elections and selling pressure from key wallets decreases. “The rebound in Bitcoin price reflects the market’s more optimistic outlook in…

Bitcoin Surges Above $64,000 as Major Crypto Stocks Rally Bitcoin jumped above $64,000 for the first time in nearly a month on Monday, boosting the share prices of major stocks associated with the asset as traders responded to shifting market conditions. The world’s largest cryptocurrency by market capitalization rose 5.7% to $64,680, recovering from losses incurred at the end of last month due to fears of Bitcoin sales in Germany, according to CoinGecko data. The price has since dipped slightly to $64,550 at the time of writing. U.S. Federal Reserve rate cuts and an evolving political landscape in Washington are…

Ethereum Price Gains Momentum Above $3,350 Resistance Ethereum is demonstrating strength, having tested the $3,500 level.The price is trading above $3,350 and the 100-hour Simple Moving Average.A key bullish trend line is forming with support at $3,320 on the hourly chart of ETH/USD (data feed via Kraken).The pair could continue to rise above the $3,500 and $3,550 resistance levels. Ethereum Price Rises 10% as Bulls Take Charge Ethereum Price Surges Above Key Resistance Levels Ethereum price initiated a significant increase, breaking above the $3,250 resistance zone. ETH climbed further, surpassing the $3,350 resistance, moving into a positive zone. It eventually…