Analysis Company Reveals Latest Price Predictions for Bitcoin and Ethereum: Here Are The Predictions For January And March

Matt Hu, CEO of cryptocurrency research firm Blofin, shared his views on the future price movements of Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization.  Blofins Bitcoin Forecast  Hu analyzed potential scenarios for the first quarter of 2024, taking into account various factors such as Bitcoin ETFs, Bitcoin halving, Ethereum Cancun boost and P/E ratios.  According to Hu, Bitcoins price in March 2024 could potentially exceed $50,000 if there are positive developments such as the launch of spot Bitcoin ETFs and the halving event, which will reduce the supply of new BTC.  However, if interest rates remain high and there are no positive catalysts, Bitcoin could fall below $25,000.  Here are Blofins BTC price predictions according to scenarios:  1- If investors do not have higher expectations about cryptocurrencies,  BTC dominance is around 50%: Ideal price is $21,500-$28,600  If BTC dominance increases to 60%: Ideal price $25,800-$34,300  2- If Spot Bitcoin ETFs Are Launched  BTC dominance around 50%: Ideal price is $38,500-$41,173  If BTC dominance increases to 60%: Ideal price $46,300-$49,400  3- If liquidity returns with spot Bitcoin ETFs, Bitcoin halving etc. when events happen  BTC dominance around 50%: Ideal price above $43,700  If BTC dominance rises to 60%: Ideal price is around 52,500  Blofins Ethereum Forecast  Hu also made price predictions for Ethereum, which

2023-08-31Ethereum

ApeCoin: Bakit nananatiling malamang ang karagdagang pagkalugi

ApeCoin [APE] rallied by close to 9% on Tuesday during the time the entire crypto market saw a bounce in prices. While the on-chain metrics gave divergent signals, the price charts showed that bears remained dominant.  Is your portfolio green? Check the ApeCoin Profit Calculator  For ApeCoin, the higher timeframe market structure was firmly in favor of the sellers. The psychological $1.5 resistance has held firm over the past week. The Fibonacci extension levels have been respected so far, and showed a move toward $1.2 is likely.  A retest of $1.55 before another leg downward was a possibility APE traders can watch out for  Pinagmulan: APE/USDT sa TradingView  In mid-August, ApeCoin fell from $2.216 to $1.66. A set of Fibonacci retracement and extension levels (pale yellow) was plotted based on this move. The bearish pressure over the past two weeks saw APE continue its descent below $1.66.  The 61.8% extension level at $1.37 was tested on 17 August when APE prices briefly dropped as far south as $1.345. In the two weeks since, the $1.5-$1.55 area served as support for a couple of days but was flipped to resistance on 21 August.  The OBV has been in a downtrend over the past week, even though the RSI

2023-08-31Industriya

Nagsisimulang Mag-alok ang mga Ethereum Client ng Holesky Testnet Releases

Ang kliyente ng Ethereum na si Nethermind noong Miyerkules ay nagsabi na naglabas ito ng update para sa mga validator na kliyente at node operator upang epektibong mag-update sa paparating na Holesky testnet. Samantala, ang mga kliyente ng Ethereum ay nagsimulang mag-alok ng mga update bilang tugon sa paglulunsad ng Holesky testnet noong Setyembre 15, na nagmamarka ng isang makabuluhang hakbang sa ebolusyon ng Ethereum.  Ang Ethereum Client ay Naglabas ng Major Upgrade Para sa Holesky Testnet  Ethereum execution layer client Nethermind pinalaya ang v1.20.2 upgrade para sa paparating na Holesky testnet launch sa Setyembre 15 sa 14:00 UTC. Ang Holeskey testnet ay nakatakdang palitan ang matagal nang Goerli testnet.  Live at handa na ang Nethermind client v1.20.2 para sa paparating na paglulunsad ng Holesky!  ???? Ang Holskey testnet, na nakatakdang palitan si Goerli, ay ilulunsad sa Setyembre 15, 2023 sa 14:00 UTC  — Nethermind (@NethermindEth) Agosto 30, 2023  Ayon sa mga developer ng Ethereum, ang Holesky ay ang unang matagal na, merged-from-genesis, public Ethereum testnet. Papalitan ni Holesky si Goerli bilang staking, imprastraktura, at protocol-developer testnet.  Para magamit ang Nethermind sa bagong chain na ito, kailangang magpatakbo ng ibat ibang config ang mga user para sa Snap Synced node at archival mode setup. Pagkatapos ay sundan

2023-08-31Industriya

Large XRP Transfers Detected...XRP Crash Soon?

In recent events, two unidentified entities (often referred to as “whales” in crypto parlance) moved an astonishing 850 million XRP from the EU-based Bitvavo cryptocurrency exchange. Balyena Alert, a crypto tracking service, noticed the massive transfers; the first happened on Friday, and the second followed shortly after.  XRP Transfers Nakita  Two significant transfers were noted. The first one involved 425,118,503 XRP, equivalent to roughly $224.9 million. A similarly large amount of XRP (around 425.9 million coins) was moved from Bitvavo on Friday, August 25. In total, over 950 million XRP, close to a billion, was shifted to undisclosed digital wallets from the Bitvavo platform.  Why were XRP Tokens Moved?  Though the amounts being moved raised eyebrows, insights from the XRP-focused Bithomp platform reveal a different story. Both huge XRP transfers apparently went to addresses linked to Bitvavo. This suggests that Bitvavo might simply be reallocating its XRP holdings among its internal wallets.  Another Major Movement  Whale Alert also identified another significant transfer, but this one was directed to a different major EU exchange, Bitstamp. Around 28.4 million XRP (worth about $14.9 million) was deposited, likely in preparation for a sale.  Whats Happening to XRP?  Amid these large transfers, XRPs price experienced a slight dip, declining by approximately 2.34%

2023-08-31Industriya

Sinabi ng mga Abugado ng Bankman-Fried na Nilalabag ang Kanyang Ika-anim na Mga Karapatan sa Pagbabago

Ang depensa ni Bankman-Fried ay naninindigan na ang kawalan ng tamang paghahanda at pagtatanggol sa pagsubok ay resulta ng kanyang pagkakakulong nang walang internet access.  Eleanor Terrett, isang kasulatan sa , may iniulat sa patuloy na legal na labanan na nakapalibot sa paghahanda sa pagsubok ng dating FTX CEO.  Sa X platform, itinampok ni Terrett ang isang paghahabol na ginawa ng abogado ni Bankman-Fried, na iginiit na ang kanyang mga karapatan sa Ika-anim na Pagbabago ay nilabag dahil sa hindi sapat na kahandaan sa pagsubok sa ilalim ng kasalukuyang mga kundisyon.  Sa isang liham na itinuro kay US Judge Lewis Kaplan, ang kanyang legal na koponan ay humiling ng isang internet-enabled na laptop at access sa isang federal courthouse cellblock sa loob ng limang araw bawat linggo na humahantong sa paglilitis sa Oktubre.  Ang depensa ay umabot na sa paghingi ng pagpapalaya kay Bankman-Fried sa kustodiya ng kanyang mga magulang upang mapadali ang sapat na kahandaan sa pagsubok.  ????BAGO: @SBF_FTX Hinihiling ng mga abogado kay Judge Kaplan na palayain si SBF sa kustodiya ng kanyang mga magulang para makapaghanda siya ng sapat para sa paglilitis.  Hinihiling namin sa korte na payagan si Mr. Bankman-Fried na ma-access ang abogado at ang materyal na maaaring magawa sa pamamagitan

2023-08-31Industriya

Experts say Coinbase is about to suffer because of Bitcoin

While the cryptocurrency world rejoices over Bitcoin‘s recent win with Grayscale’s court victory against the SEC, skeptics scrutinize the after-effects this could have on Coinbase, Americas premier crypto exchange.  As the financial tides shift, these experts are sounding the alarm, warning of potential challenges that may loom for the leading exchange.  Coinbases Potential Hurdle: A Double-Edged Sword?  The courts decision in favor of Grayscale, allowing it to convert its popular bitcoin trust (GBTC) into an ETF, has undeniably sparked excitement among many.  Bitcoin, the star cryptocurrency, witnessed a 7% rise following the announcement, affirming the markets anticipation. However, amidst these celebrations, the bigger question emerges: Where does this leave Coinbase?  To the untrained eye, this victory might seem like a boost for the exchange. A potential increase in crypto prices could, after all, translate to heightened activity on Coinbase‘s platform. Yet, the financial experts aren’t convinced.  The introduction of a spot bitcoin ETF in the U.S market could revolutionize how investors approach Bitcoin. Instead of directly trading on Coinbase, they might flock towards ETFs, viewing them as the more desirable route to gain exposure to the crypto market.  Such a shift could severely dent Coinbase‘s trading volumes. Not to mention, a staggering 40% of Coinbase’s transaction revenue

2023-08-31Bitcoin

Muling Buhay ang Crypto Market, Ngunit Maaaring Hindi Magbasag ng $100 ang LTC. Narito ang Bakit

Last week, Litecoin (LTC) slid to a 2023 bottom of $56, culminating in a third consecutive post-halving crash. Can Grayscales landmark victory propel Litecoin price toward reclaiming the post-halving losses?  On Tuesday, August 29, Litecoin (LTC) price briefly hit $70, its highest since dropping to the 2023 bottom of $56 on August 18. The ongoing price rally came as crypto markets reacted to Grayscales landmark victory in its Bitcoin ETF application appeal against the US Securities and Exchange Commission (SEC).  Low Prices Make Litecoin Network More Attractive For P2P Transactions  While other large-cap coins like Bitcoin Cash (BCH) and Toncoin (TON) raced to double-digit percentage gains, Litecoin only mustered a 4% bounce. What are the chances that the Litecoin price will reclaim $100 in the coming weeks?  Litecoin became prominent for its pedigree as a cheaper and faster alternative to Bitcoin for peer-to-peer transactions. The recent price correction appears to have brought this to the fore.  As the August 2 Halving event approached, LTC price fell under $100 in mid-July. Since then, crypto investors have been deploying more transactions on the Litecoin network.  Ang chart below vividly depicts how daily LTC have gradually increased over the past month. Since July 25, it has increased by 41%

2023-08-31Industriya

Ang pagsubok sa SBF ay tumatagal ng isang kawili-wiling turn habang umiinit ang labanan ng ekspertong saksi

Tech  Ang pagsubok sa SBF ay tumatagal ng isang kawili-wiling turn habang umiinit ang labanan ng ekspertong saksi  9 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Prosecutors have asserted that all of Sam Bankman-Fried‘s (SBF) proposed expert witnesses should be disqualified from testifying in his upcoming trial. They cited insufficient disclosure filings, misleading experience, or irrelevant planned testimony. The Department of Justice (DOJ) has also sought to bar one of the prosecution’s proposed witnesses.  This has created a clash over the admissibility of witnesses testimonies. The legal maneuvering emerged in the context of Bankman-Fried facing fraud and conspiracy charges. His defense team and the DOJ presented their arguments on witness testimony in recently filed Daubert motions.  The DOJ has taken a firm stance against the witnesses put forth by SBFs defense team. They claim the disclosure filings are inadequate, some opinions lack clarity, and certain testimony may confuse the jury.  The seven expert witnesses include Lawrence Akka, a British barrister; Thomas Bishop and Joseph Pimbley, affiliated with different consulting firms; Brian Kim, a data analytics and forensics expert; Bradley Smith, a law professor at Capital University Law School; and Andrew Di Wu, an assistant professor at the University of Michigan.  Prosecution and Defense clash over testimony admissibility  Prosecutors

2023-08-31Industriya

Ethereum Rode The Wave Of XRPs Victory To Surpass $2000, But Mores Calling ⋆ ZyCrypto

Ethereum  Sinakyan ng Ethereum ang Alon ng Tagumpay ng XRP Upang Lumagpas sa $2000, Ngunit Mas Marami ang Tumawag ⋆ ZyCrypto  3 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  ETH hit $2,000 for the first since May as it shows signs of staging a comeback.  The asset leveraged XRPs historic win over the SEC to reach a new milestone.  Ripple Labs “pyrrhic victory” sent virtual currency prices surging to new highs, with Ethereum (ETH) latching onto the bullish wave to hit $2,000.  After months of roiling in the doldrums of low prices, ETH recaptured $2,000 in a strong show of strength. The second-largest cryptocurrency reached a 30-day peak of $2,026 on July 11.  The rally left ETH with a market capitalization of $238 billion with a market dominance of 19.17%. Daily transaction volumes grew by 38.29% to settle at $11 billion as market activity exploded following XRPs victory.  The last time ETH traded above $2,000 was back in May on a market resurgence. Apart from a minor rally in April that saw the asset climb as high as $2,100, the last time ETH exchanged for over $2000 was 11 months ago at the start of the extended bear market.  Despite the rally, ETHs price is still 60% below its

2023-08-31Ethereum

Matatalo ang Bitcoin ng $30000 Pagkatapos ng Pangunahing Data ng Inflation at Trabaho ng PCE?

BitcoinMatatalo ang Bitcoin ng $30000 Pagkatapos ng Pangunahing Data ng Inflation at Trabaho ng PCE?6 minuto ang nakalipasBalita ng Ethereum ng Bitcoin  Bitcoin strides toward $30000 after Grayscale Investment‘s victory against the U.S. Securities and Exchange Commission (SEC) puts BTC price over $27.5k. Bitcoin price now trades above the key 200-weekly moving average before the month’s close and prevented a correction to $24.8k. Interestingly, macro factors are also in favor of Bitcoin as traders await the core PCE inflation and jobs data this week.  Bitcoin Embarks On Bullish Rally  Fed Chair Jerome Powell hinted at further interest rate hikes during the Jackson Hole meeting recently. If inflation is higher and the jobs market remains tight, the U.S. Federal Reserve will raise interest rates at the next FOMC meeting on September 21.  The CME FedWatch Tool shows an 86.5% probability of keeping the interest rate unchanged by the Fed in the next monetary policy meeting.  Traders eye key PCE inflation, non-farm payrolls, and unemployment data to confirm the upcoming bullish rally. The market expects core PCE inflation for July to come in line with the previous month at 0.2% and the Fed‘s preferred gauge to measure inflation at 4.3%, rising 0.1% against last month’s core PCE

2023-08-31Industriya
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