Crypto Market Analysis: October 18, 2021
Bitcoin soared last week, closing back in on its all-time high (ATH) as investors bought the news of a new bitcoin ETF. After the confirmation of a bitcoin ETF (more below) by the US Securities and Exchange Commission (SEC), the price began to pop. Having traded as low as $54,611 on Wednesday, BTC soared 14% […]
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Cryptoasset prices struggled to the end of September, failing to make gains for the majority of the month, or even hold ground in some cases. However, major cryptoassets rebounded over the weekend on the back of positive comments from the SEC’s Gary Gensler. Bitcoin had a strong week, despite falling to below $42,000 at the […]
In this episode of NewsBTC’s daily technical analysis videos, we are looking at the total cryptocurrency market cap with Bitcoin being so boring. We also compare past crypto winters to see when the deep freeze might end. Take a look at the video below: VIDEO: Total Crypto Market Cap Analysis (TOTAL): October 12, 2022 There isn’t all that much new to report. Bitcoin and other cryptocurrencies continue to move mostly sideways, as the market awaits the CPI data release tomorrow at 8:30AM ET. Related Reading: The End of Bitcoin Woes? BTCUSD Analysis October 11, 2022 Why Crypto Winter....
Bitcoin, the leading digital currency, has often seen its fortunes rise with October’s arrival, and historical data points towards the possibility of a similar trend this year. Over the past decade, Bitcoin’s October performance has been notably bullish, leaving many investors hopeful for a turnaround after recent challenging months. But while the past does offer a ray of optimism, the unpredictable nature of crypto markets means that the future remains uncertain. Related Reading: Bitcoin Eyes Turnaround: Could A New All-Time High Be On The Horizon? Analyst Predicts A Decade Of....
Bitcoin price has held on tightly to support at $30,000, and according to Raoul Pal’s Global Macro Investor Report, the leading cryptocurrency by market cap could 10x from there by October 2021. GMI’s model uses Metcalfe Value to make the prediction, and currently suggests the cryptocurrency is severally undervalued. Could that lofty target be only […]
Cryptoassets staged a significant rebound last week with Bitcoin closing back in on its all-time highs. The world’s largest cryptoasset, bitcoin rose across the week. Having started trading below $48,000 it surged on Thursday to over $54,000 and has staged further gains in early trading today. The cryptoasset is currently trading around $56,500 its highest […]