Category: Crypto (Page 1 of 16)

Analyst Now Says Bitcoin (BTC) Will Hit All Time High

An analyst now says Bitcoin (BTC) will hit all time high numbers by the end of 2024, due to new demand and buying pressure.

Bitwise analyst Ryan Rasmussen is bullish on Bitcoin (BTC) based on the tremendous amount of volume going into Bitcoin ETFs.

The researcher at Bitwise Asset Management says that over one billion dollars has flown into the company’s Bitcoin spot ETF.

“I think it’s no surprise we’ve seen the price of Bitcoin rise following the launch of those ETFs and I think it will be the same for Ethereum or other assets if there were more ETFs to come into the market,” the analyst told Yahoo Finance on Monday.

“With all that sideline capital, I think we’re still in the early innings of crypto reaching its point in the current adoption curve where we have everyday investors, institutional investors, and retail investors, all allocating to these products — and ETFs are just one of those really great vehicles that help bring those investors to market and help create a highway for them to allocate to not just Bitcoin but Ethereum, Solana, and other assets.”

“We think that Bitcoin will certainly set all time highs in 2024.

That previous price is right around $69,000, but we don’t think it’s going to stop there.

We think that we’ll at least see a 10%-15% bump over the last all-time high in 2024 — that would take us to the mid $80K range, so I think our target was $88K by the end of 2024 and I’m still thinking by that seeing all the excitement in the market today,” the analyst continued.

Bitcoin is currently trading at $56,562 at the time of this publication.

What is your Bitcoin price prediction for 2024?

Will Bitcoin go up in 2024? Leave your thoughts below.

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Also Read: Daily Crypto News

Will Bitcoin hit a new all time high in 2024? Bitcoin (BTC) Price Prediction 2024.

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Market News Today - Analyst Now Says Bitcoin (BTC) Will Hit All Time High.
Market News Today – Analyst Now Says Bitcoin (BTC) Will Hit All Time High.

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Bitcoin (BTC) Is Now Making Way To Surge To $60K

Bitcoin (BTC) is now making way to surge to $60K as it begins to break higher lows and higher highs, signifying an upcoming rally.

BTC has surged more than +$4,500 in just the past week alone and analysts are forecasting the cryptocurrency leader to hit $60K soon.

Crypto analyst Kevin Svenson believes Bitcoin (BTC) could rally to a key resistance level ahead of the halving event.

In a new strategy session, the trader tells his 72,000 YouTube subscribers that the flagship digital asset’s upward momentum could take it to $60,000 before the April halving event, when miners’ rewards are cut in half.

“So the area in between $57,500 and about $60,000, the trap liquidity target, that is the next major area of resistance in my opinion.

And that is the area that I’m targeting as we’re moving into the halving.

If we keep up this momentum, the momentum that we have right now, the trajectory that we’re on, it’s not really that crazy of an idea that we would come up and hit that target zone in between $57,500 and $60,000.

It’s quite likely actually.”

Will Bitcoin (BTC) hit $60K soon?
Will Bitcoin (BTC) hit $60K soon?

The trader also warns that after the halving event, Bitcoin could retest the level around $44,000.

“After the halving, there’s a possibility that we get a dip to retest support before actually testing new all-time highs.

But going into the halving, there’s going to be a lot of anticipation and anticipation for positive fundamental events such as the halving is likely going to lead to a lot of optimism, positive sentiment, bullish speculation, and depending on what the stock market is doing when we get to these price levels, there is a possibility for a post halving dip to that $44,000 level before then going up once again.”

Bitcoin is currently trading at $51,726 at the time of this publication.

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Also Read: Bitcoin Will Now Surge To $200,000 in 2025 Says Analyst

Other Crypto News Today

Market News Today - Bitcoin (BTC) Is Now Making Way To Surge To $60K.
Market News Today – Bitcoin (BTC) Is Now Making Way To Surge To $60K.

Ethereum and Cardano now lead massive institutional inflow as $1,100,000,000 ($1.1bn) hits crypto ETPs, sources report.

Digital assets manager CoinShares says institutions poured a whopping $1.1 billion into crypto investment products one month after the U.S. Securities and Exchange Commission (SEC) approved the spot BTC exchange-traded funds (ETFs).

In its latest Digital Asset Fund Flows report, CoinShares finds that crypto investment products saw over a billion dollars in inflows last week and show no signs of slowing down.

“Digital asset investment products saw large inflows totaling $1.1 billion, bringing year-to-date inflows to $2.7 billion,” the report detailed.

“Coupled with recent price rises, total assets under management (AuM) is at the highest level since early 2022 at $59 billion.”

Crypto asset inflow.
Crypto asset inflow.

According to CoinShares, most of the inflows were focused on BTC ETFs, which have reached almost $3 billion in the last month.

The firm says Bitcoin’s price appreciation “buoyed sentiment” for Ethereum (ETH) and Cardano (ADA), which both saw more inflows than the rest of the altcoin market.

“Regionally, the focus remained on the newly issued spot-based Bitcoin ETFs in the US, which saw a net $1.1 billion inflows last week, bringing inflows since the January 11th launch to $2.8 billion.

The outflows from incumbents have slowed significantly, but the potential sale of the Genesis holdings of $1.6 billion could prompt further outflows in the coming months…

Bitcoin saw almost 98% of the inflows, while the price appreciation also buoyed sentiment for Ethereum and Cardano.”

BTC, per usual, saw the lion’s share of inflows, taking in 98% of last week’s inflows at $1.09 billion.

Ethereum (ETH), Cardano (ADA), Avalanche (AVAX), Polygon (MATIC), and Tron (TRX) each saw inflows of $16 million, $6 million, $0.5 million, $0.4 million, and $0.4 million, respectively.

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Also Read: How To Invest In Bitcoin Cryptocurrency For Beginners

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Market News Today - Bitcoin (BTC) Is Now Making Way To Surge To $60K.
Market News Today – Bitcoin (BTC) Is Now Making Way To Surge To $60K.

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11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.



Ethereum And Cardano Now Lead Massive Institutional Inflow

Ethereum and Cardano now lead massive institutional inflow as $1,100,000,000 ($1.1bn) hits crypto ETPs, sources report.

Digital assets manager CoinShares says institutions poured a whopping $1.1 billion into crypto investment products one month after the U.S. Securities and Exchange Commission (SEC) approved the spot BTC exchange-traded funds (ETFs).

In its latest Digital Asset Fund Flows report, CoinShares finds that crypto investment products saw over a billion dollars in inflows last week and show no signs of slowing down.

“Digital asset investment products saw large inflows totaling $1.1 billion, bringing year-to-date inflows to $2.7 billion,” the report detailed.

“Coupled with recent price rises, total assets under management (AuM) is at the highest level since early 2022 at $59 billion.”

Crypto asset inflow.
Crypto asset inflow.

According to CoinShares, most of the inflows were focused on BTC ETFs, which have reached almost $3 billion in the last month.

The firm says Bitcoin’s price appreciation “buoyed sentiment” for Ethereum (ETH) and Cardano (ADA), which both saw more inflows than the rest of the altcoin market.

“Regionally, the focus remained on the newly issued spot-based Bitcoin ETFs in the US, which saw a net $1.1 billion inflows last week, bringing inflows since the January 11th launch to $2.8 billion.

The outflows from incumbents have slowed significantly, but the potential sale of the Genesis holdings of $1.6 billion could prompt further outflows in the coming months…

Bitcoin saw almost 98% of the inflows, while the price appreciation also buoyed sentiment for Ethereum and Cardano.”

BTC, per usual, saw the lion’s share of inflows, taking in 98% of last week’s inflows at $1.09 billion.

Ethereum (ETH), Cardano (ADA), Avalanche (AVAX), Polygon (MATIC), and Tron (TRX) each saw inflows of $16 million, $6 million, $0.5 million, $0.4 million, and $0.4 million, respectively.

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Also Read: How To Invest In Bitcoin Cryptocurrency For Beginners

Other Crypto Market News Today

Market News Today - Ethereum And Cardano Now Lead Massive Institutional Inflow.
Market News Today – Ethereum And Cardano Now Lead Massive Institutional Inflow.

Bitcoin will now surge to $200,000 in 2025 says pseudonymous analyst Dave the Wave, per his crypto market data.

“BTC just shy of $200,000 in 2025 based on this prediction,” he stated to his 144,400 followers on social media.

Bitcoin to $200,000 | Dave the Wave.
Bitcoin to $200,000 | Dave the Wave.

He bases the estimate on Bitcoin’s logarithmic monthly moving average convergence divergence (LMACD), a long-term momentum indicator, as well as Fibonacci extension levels, which keep track of potential areas of support and resistance, reports The Daily Hodl.

Looking at his chart, the trader suggests the LMACD indicator is showing BTC has reached a market bottom and is in an uptrend that will reach nearly $200,000 by October 2025.

The trader also uses his version of logarithmic growth curves (LGCs), which aim to forecast Bitcoin’s market cycle highs and lows while filtering out short-term volatility.

“BTC solid and sideward within the range so far.”

Will Bitcoin Reach $200,000? Dave the Wave crypto market analysis.
Will Bitcoin Reach $200,000? Dave the Wave crypto market analysis.

According to the trader’s chart, the LGC’s support levels could be tested at the longer-term end of the channel near $30,000 or potentially at $38,000 if its shorter ascending channel stays intact.

The trader believes that the logarithmic chart accurately provides a longer-term view of Bitcoin’s price action.

“It really is astounding the effect time has on our perceptions – just three years ago the current BTC price in the $40,000 range was blowing everyone’s mind, where today it is thought all a bit passé.

This has something I think to do with ‘time preference’, where those with a high-time preference are very much focused on the present (present-minded), while those with the low on the future (a more ‘elastic’ frame of mind).”

Bitcoin $200,000 price prediction - Dave the Wave.
Bitcoin $200,000 price prediction – Dave the Wave.

Bitcoin (BTC) is currently trading at $45,163 at the time of this publication.

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Also Read: Crypto Investors Now See Bitcoin (BTC) Surging to Whopping $100K

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Market News Today - Ethereum And Cardano Now Lead Massive Institutional Inflow.
Market News Today – Ethereum And Cardano Now Lead Massive Institutional Inflow.

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Solana Based Altcoin May Now Surge by Whopping 700%

A brand new Solana based altcoin may now surge by a whopping 700% says popular YouTube host from InvestAnswers.

The host of the InvestAnswers YouTube channel believes that one crypto project running on the Solana (SOL) network will go on a bullish rampage.

The InvestAnswers host tells his 472,000 YouTube subscribers that the decentralized exchange (DEX) aggregator Jupiter (JUP) could surge by “somewhere between a 4x and an 8x to be conservative.”

The trader’s big price prediction comes from his analysis of Jupiter’s fundamentals.

According to the InvestAnswers host, Jupiter is witnessing strong network activity based on trading volume and monthly active user count.

“If this thing takes off, if this DEX takes all the business, this is going to shoot up the CMC charts.

And currently, it’s on the CoinMarketCap at [position] 71. It just launched. 71.

When you look at all the assets above 71, there is no asset that had this number of monthly active users, this number of trading volume, this amount of growth.

Every single metric blows all of the ones above it out of the water.

Therefore, I’m very convinced it’s going to go up as long as it doesn’t break down.”

The crypto analyst also says that Jupiter does everything and addresses many of the pain points that he experienced over the years using different decentralized exchanges.

“You can swap, you can do perps [perpetual contracts], leveraged trading, you can dollar-cost average, you can go cross-bridge.

There are I think 6,000 pairs you can trade. And you can do it in real-time with no friction.

It’s been my dream since 2020 after having the painful experience of working with decentralized exchanges in the past and working with wallets and paying cr*zy fees.”

Jupiter is currently trading at $0.006 at the time of this publication.

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Also Read: A Veteran Trader Now Becomes Super Bullish on Bitcoin BTC

Other Crypto News Today

Market News Today - Solana Based Altcoin May Now Surge by Whopping 700%.
Market News Today – Solana Based Altcoin May Now Surge by Whopping 700%.

Crypto investors now see Bitcoin (BTC) surging to a whopping $100K sometime after the upcoming halving event, according to a new study.

The research, issued by crypto trading platform Bitget, surveyed 9,748 crypto investors from different regions across the globe, including West Europe, East Europe, South East Asia, East Asia, MENA (Middle East and North Africa) and Latin America.

Bitget found that a majority of the thousands surveyed are optimistic about the future of Bitcoin.

Some 84% of respondents believe Bitcoin will surpass the prior ATH (all time high) of $69,000 in the next bull run following April’s halving event, when miners’ rewards are cut in half.

The report also notes that 55% of those surveyed believe Bitcoin will enter a stable trading range between $50,000 and $100,000.

A smaller group of respondents expect Bitcoin to exceed $150,000.

More than half of those surveyed predict that Bitcoin will have a trading range between $30,000 and $60,000 around the time of the April halving.

About 30% believe Bitcoin will exceed $60,000 in April, reports TDH.

The survey also showed that 70% of the crypto market participants plan to increase their digital asset investments.

Bitget managing director Gracy Chen made the following statement:

“The findings reflect a broad spectrum of expectations and investment plans, indicating that 2024 will be a significant year for the Bitcoin market.

We are pleased to see such positive sentiment emerging as market conditions continue recovering.”

Bitcoin is trading for $43,180 at time of this publication.

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Also Read: Cathie Wood Says Bitcoin Will Hit $1 Million

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Market News Today - Solana Based Altcoin May Now Surge by Whopping 700%.
Market News Today – Solana Based Altcoin May Now Surge by Whopping 700%.

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Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

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11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.



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