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Bitcoin Price Rises Above $43k, Will the Rally Continue as This BTC Mining Token Also Receives Bullish Forecast

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Bitcoin’s (BTC) price has rallied above the $43,000 level in the past few hours, providing some relief to investors after lackluster performance over the weekend.

This move comes amid a backdrop of generally positive sentiment around cryptocurrencies, with most altcoins posting gains.

At the same time, there’s a growing buzz surrounding Bitcoin Minetrix (BTCMTX), an innovative new token that has received optimistic price predictions from crypto experts.

Bulls & Bears Battle for Supremacy as Bitcoin Price Breaches $43,000

At the time of writing, Bitcoin is hovering around $43,100, representing a 6% rise from Monday’s low.

The coin is now at the same valuation as last Thursday, before it pulled back in the following days.

Currently, Bitcoin is trapped in a range between $40,500 and $43,200, with the bulls and bears engaged in a battle for dominance.

The $43,300 level appears to be a crucial resistance zone for BTC, given that it was rejected aggressively last week.

However, the good news for BTC holders is that the coin has breached its 20-day exponential moving average (EMA) on the 4-hour chart.

This breach suggests a potential reversal in the short-term trend, paving the way for further upward momentum in the coming days.

Bitcoin’s growth prospects have been boosted further by the Crypto Fear & Greed Index rising to 73, a sizable jump from yesterday’s score of 65.

Additionally, spot BTC trading volume has surged 35% in the past day – suggesting that crypto traders are becoming more confident in Bitcoin’s potential to post a new intra-year high.

Institutional Giants File ETF Amendments, Boosting Hopes for Early 2024 Launch

Bitcoin’s recent price bounce comes amid a backdrop of positive news that could be fueling renewed demand.

Most notably, prominent asset managers BlackRock, ARK Invest, and WisdomTree are among the latest to file amendments to their proposed spot Bitcoin ETFs with the SEC.

These amendments aim to conform to the SEC’s preferred cash redemption model.

While not their ideal structure, the moves signal these giants are willing to be flexible to gain approval, boosting hopes that a spot BTC ETF could be launched in early 2024.

If approved, these funds are expected to bring a massive inflow of institutional capital, expanding Bitcoin access to the mainstream market.

This prospect of greater institutional demand is a strong bullish signal for Bitcoin, so investors have been scrambling to increase their exposure to the world’s largest cryptocurrency.

Crypto Experts Predict Massive Potential for Bitcoin Minetrix’s Stake-to-Mine Feature

While Bitcoin continues to dominate the headlines, there’s also growing buzz around an innovative project called Bitcoin Minetrix (BTCMTX) that offers a unique way to earn BTC.

Bitcoin Minetrix allows users to stake BTCMTX tokens on Ethereum to earn cloud mining power for Bitcoin without expensive hardware or mining contracts.

This approach solves major pain points limiting access to mining, like a lack of transparency within the cloud mining space.

Furthermore, users have the opportunity to generate up to 111% APY through the staking protocol, offering dual avenues for earning crypto within the Bitcoin Minetrix ecosystem.

Although not yet officially launched, Bitcoin Minetrix is in the middle of a trending presale phase, where it has raised over $5.5 million in early funding.

The presale’s soft cap is set at $15 million, meaning there’s still plenty of time for investors to get involved before the project goes live.

Post-presale, plans are underway for exchange listings to improve liquidity, plus a mobile app and partnerships to expand mining capacity.

These ambitious plans have caught the eye of numerous crypto experts, such as YouTuber No Bs Crypto, who predicted that it could “100x” if the current hype can be sustained.

Fellow YouTuber Connor Kenny also uploaded a video about Bitcoin Minetrix, highlighting its passive income potential.

These bullish forecasts have contributed to the growing excitement surrounding Bitcoin Minetrix – making it one of the most anticipated new projects in the crypto space.

Visit Bitcoin Minetrix Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

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Cryptocurrency

BONK Explodes by 20% Daily as Bitcoin (BTC) Remains Solid at $108K: Weekend Watch

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Bitcoin’s stagnation continues as the asset has made little to no attempt to move away from the $108,000 level.

While most larger-cap alts have produced insignificant gains, TON and BONK have emerged as the biggest gainers on a relatively calm Sunday morning.

BTC Calm at $108K

It has been a quiet period for the primary cryptocurrency. In fact, the latest major price moves came about two weeks ago – on June 23 and 24 – when it dumped to $98,000 before it soared past $105,000 a day later as the Middle East war was going rampantly.

Ever since then, though, the asset has been stuck in a tight trading range between $105,000 and $110,000. It tested the lower boundary on Wednesday, where the bulls stepped up and pushed it south toward the upper one.

On Thursday, BTC showed signs of a breakout attempt when it spiked to a multi-week peak of $110,500, but the bears stepped up at this point and didn’t allow a surge to a new all-time high.

The landscape has been somewhat unchanged since then, as bitcoin quickly returned to $108,000 and has not moved from that level for a few days. Its market capitalization stands strong at $2.150 trillion, while its dominance over the alts is at over 63% on CG.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

BONK on the Run

As the graph below will demonstrate, most larger-cap alts are slightly in the green on a daily scale. Such minor increases are evident from the likes of ETH, BNB, SOL, TRX, DOGE, ADA, BCH, LINK, and XRP. In contrast, HYPE and PI have lost some traction over the past 24 hours.

The biggest gainers are TON and BONK. The former has risen by over 9% and sits at $3, while the meme coin has exploded by 20% and now trades at $0.000022.

The cumulative market cap of all crypto assets has remained relatively stable at $3.4 trillion on CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto
Cryptocurrency Market Overview. Source: QuantifyCrypto
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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Cryptocurrency

We Asked 4 AIs How High Ripple (XRP) Will Go in 2025: The Answers Might Shock You

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TL;DR

  • Ripple’s price actions are a big prediction topic within the cryptocurrency community, with analysts and believers rushing to offer their insights and forecasts.
  • However, we decided to take a different approach this time and asked four of the biggest AI chatbots (ChatGPT, Perplexity, Grok, and Gemini) about their take on the matter.

2025 Price Targets

All four AI solutions seemed very coherent about XRP’s price potential this year, as Perplexity explained it:

“Ripple’s (XRP) price in 2025 is broadly expected to rise significantly from current levels, with expert forecasts varying but generally bullish.”

Although Ripple’s cross-border token has stalled in the past few months and is actually slightly in the red since the start of the year, all AIs had similar conclusions about its price moves until the end of the year.

ChatGPT laid out three potential scenarios, with the conservative one being at $3.4, which would match the asset’s all-time (and yearly) high. The optimistic is set at $5-$6, and the “aggressive forecasts” put the token at $10-$15 by the end of the year.

Google’s Gemini had similar ideas in mind, saying that “a realistic high could be in the $5-$10 range.” Perplexity also joined the $5-$10 club, which could be reached under “favorable conditions” (more on that later).

Grok was slightly more specific and was the only one that said XRP can finish the year lower than its current price tag. It noted that a “realistic price range” for the asset this year is somewhere between $1.8 and $5.81. Although that’s a pretty wide range, it concluded that the most likely peak will come somewhere between $3 and $4.5.

The Favorable Conditions

When it came down to outlining the factors that could impact XRP’s price moves this year, the AIs were once again aligned in their answers. First, they mentioned regulatory clarity and the official conclusion of the lawsuit against the SEC.

Although Ripple CEO Brad Garlinghouse stated in March that the case had been resolved and there had been several developments on the matter, the judge overseeing the case has yet to agree fully.

Second, the AIs brought up institutional adoption and bullish partnerships, such as those with Santander, SBI Holdings, and others. A spot XRP ETF will also play a significant role in the asset’s price trajectory this year, if approved, said the chatbots. According to ETF experts, the current odds stand at nearly 100%.

Lastly, the AI solutions highlighted the overall crypto market trends:

“Bitcoin’s post-halving performance and a pro-crypto U.S. administration under President Trump could fuel bullish sentiment across the crypto market, benefiting XRP,” – answered Grok, which was similar to what the others had to say.

Despite these bullish predictions for 2025, all four chatbots clarified that these are just that – speculative forecasts that might or might not come to fruition. Investors should do their own research before allocating funds to any cryptocurrency (or other asset, for that matter).

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Ethereum Price to Hit $6K This Year? Analysts Make Bold Call

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If pseudonymous analyst Weslad is to be believed, Ethereum (ETH) is caught in a tug-of-war between wildly differing futures: a historic surge past $6,000 or a soul-sapping plunge to $1,800.

The market technician claims that ETH is completing a massive ABCDE wave structure within a years-long “symmetrical pennant,” which can only mean one thing: explosion.

The Roaring Bull Case

In a recent breakdown, Weslad explained that Ethereum’s price action since its $4,851 all-time high has formed a giant consolidation pattern. According to him, this structure is now approaching a critical inflection point known as wave D, testing its upper boundary.

At the same time, a bullish Inverse Head and Shoulders (IH&S) pattern is emerging on the daily chart, with its neckline acting as stubborn resistance near $2,855.

This technical confluence suggests a coiled spring ready to unleash tremendous energy into the market, leading the analyst to state unequivocally:

“A confirmed breakout above the neckline [$2,855] would likely validate both the IH&S and the breakout from wave D, setting the stage for a potential expansion move toward the $6,000 target and beyond.”

Weslad’s audacious target found an ally in fellow strategist Jeremy Fielder, who declared in a video posted on X:

“We’re looking at $6,500 Ethereum by the end of the year and then a possible 10,000 Ethereum in early next year… Regulation is now pro-crypto. That’s all you need to know.”

He based his argument on the accelerating adoption of Web3 and a favorable regulatory shift, dismissing granular metrics in favor of a sweeping bullish tide.

While not as lofty a milestone as Weslad’s and Fielder’s, market watcher Titan of Crypto’s $4,100 target is not far off the ballpark. His thesis is hinged on Ethereum’s successful recovery back inside its crucial weekly trading range, noting that momentum is building towards the range high.

Looming Bear Trap

But don’t celebrate just yet. Weslad’s otherwise bullish analysis also comes with a stark warning for the downside scenario. He suggested that if ETH faces rejection at the critical $2,855 neckline resistance or the upper boundary of the pennant, a retracement into wave E becomes highly probable.

According to him, this trajectory would drag the price down towards a “high-confluence demand zone” spanning $1,400 to $1,800. That’s a potential 40% collapse from current levels.

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