Author: Sollcrypto
This week, Bitcoin achieved a noteworthy milestone by reaching its all-time high (ATH) of $69,000 since November 2021. After a span of 847 days, the leading cryptocurrency has reclaimed the summit of the preceding cycle, hinting at a potential entry into price discovery territory once again. This significant occurrence presents an opportune moment to analyze data from past Bitcoin cycles. Conducting long-term technical assessments of prior cycles enables us to project the peak of BTC prices for the current cycle and the anticipated timeframe for its realization. The forthcoming Bitcoin halving could potentially remain a fundamental factor in delineating the…
The Chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, refrained from providing a clear stance on whether the regulator considers Ethereum to be a security, despite the ongoing evaluation of numerous applications for spot Ethereum ETFs. During an interview on Bloomberg TV, Gensler opted to “defer on that question” when asked directly about Ethereum’s classification as a security. He emphasized the importance of evaluating the facts and circumstances surrounding each crypto token to determine whether the investing public anticipates profit based on the efforts of others. Gensler acknowledged the existence of filings before the SEC but declined…
Renowned cryptocurrency analyst Michael Van Pope expressed optimism about Ethereum, speculating on a potential new all-time high. He pointed to two major catalysts propelling the bullish momentum: the impending Dencun upgrade and the increasing probability of ETF approval. Ethereum (ETH) achieved a significant milestone by surpassing $3,000 and surging to $3,800 earlier this week, reaching its highest value in almost two years. Scheduled for release on March 13, the Dencun upgrade is poised to become one of Ethereum’s most significant updates since the transition to the Proof-of-Stake consensus. This upgrade introduces “proto-dank sharding” as outlined in the Ethereum Improvement Proposal…
Anthony Scaramucci, the founder of Skybridge Capital, emphasizes that the optimal time to purchase Bitcoin is “still very, very early.” Drawing a parallel, he compares the cryptocurrency to Warren Buffett’s company, labeling it as the “Berkshire Hathaway of the 21st century.” Scaramucci expresses his perspective, stating, “It was never ‘too late’ to buy Berkshire stock. It is still very, very early for bitcoin.” “Bitcoin stands as the Berkshire Hathaway of the 21st Century.” Skybridge Capital’s founder, Anthony Scaramucci, reiterates his optimistic outlook on bitcoin, emphasizing that the current price level remains an opportune moment for investment. “Bitcoin is the Berkshire…
Bitcoin price is up over 8% and trading above the $67,500 resistance. BTC is eyeing a new all-time high and could even hit the $70,000 level. Bitcoin price experiences another surge. Bitcoin maintained strong support above the $65,000 mark, establishing a new support base before initiating another upward move beyond the $66,000 level. With a steady climb, it approached the $67,500 mark, marking an impressive 8% increase and nearing the recent all-time high. The peak was reached at $68,786, and currently, the price is consolidating its gains above the 23.6% Fibonacci retracement level from the $61,400 swing low to the…
Bitcoin has surged past $65,000, continuing its bullish trajectory toward record highs, and this upward momentum is benefiting other cryptocurrencies as well. Notably, Bitcoin Cash (BCH) and Bitcoin Satoshi’s Vision (BSV), both offshoots of BTC, are experiencing significant gains. As for Bitcoin itself, it is swiftly approaching its all-time high of $69,000, currently trading at $66,413, reflecting a 5.7% increase in the last 24 hours. Bitcoin forks, specifically Bitcoin Cash (BCH), are trading at $443.82, with a 63.94% gain over the past seven days, surpassing Bitcoin’s 24.35% seven-day increase. Similarly, Bitcoin SV (BSV) is trading at $117.75, registering a 7.55%…
Cardano (ADA) enthusiasts can rejoice as the cryptocurrency witnesses an impressive surge, contributing an astounding $2 billion to its market value in a 24-hour trading session. This notable increase has garnered attention in the cryptocurrency market, with ADA experiencing a surge of over 7%, elevating its market cap to an impressive $27.68 billion. CoinGlass reports a significant uptick in trading volume, soaring by an impressive 42% during the same period. This surge in trading activity further solidifies Cardano’s position as one of the market leaders among major cryptocurrencies, second only to Dogecoin (DOGE) in terms of returns over the past…
Markus Thielen, the head of research at 10x, predicts that Bitcoin (BTC) will reach a new all-time high by the end of the week. In a note titled “Everybody Will Be Astonished by Bitcoin’s Price Action This Week,” Thielen emphasized the significance of weekend price action, noting attempts to liquidate leveraged long positions but a lack of sellers. As of Monday, the cryptocurrency achieved an all-time high in euro terms and was trading just above $67,000, marking a 6% increase over the past 24 hours. It stands less than 3% away from its all-time USD high of $69,000 reached in…
Shiba Inu (SHIB), initially conceived as a meme cryptocurrency, has now secured its position as the fourth most traded digital asset globally, as reported by CoinGecko. This noteworthy accomplishment underscores the growing popularity of SHIB among both investors and traders. Particularly noteworthy is the emergence of SHIB/USDT as the second most traded cryptocurrency pair on Binance, trailing only behind the dominant BTC/USDT pair. The meme coin, known for its recent surge, has experienced an impressive comeback, registering a remarkable 111% increase in value over the past seven days, as indicated by data from CoinGecko. Cryptocurrencies with the highest trading volume…
Julio Moreno, the Head of Research at Cryptoquant, has detected a heightened demand among Bitcoin holders, with data from Cryptoquant indicating an unprecedented inflow of Bitcoins into accumulation addresses—those that only receive but do not spend. In a recent post on X, Moreno detailed the significant increase in Bitcoin inflows into accumulation addresses during the recent rally. However, he cautioned that the rapid rise in BTC triggered various indicators signaling an overheating phase, including the Bitcoin bull-bear market cycle indicator, which flagged overheating at the $60,000 mark. Moreno’s post highlighted that the last time the bull-bear market indicator signaled overheating…