Author: CryptoGap

Bitcoin (BTC), the world’s leading digital asset, has lost substantial recent gains. The decline in Bitcoin’s price has reverberated across the entire crypto market, with other top assets losing a large percentage of their value. Companies whose stocks are associated with cryptocurrencies are also feeling the heat. Bitcoin Price Outlook Drags Crypto Stocks Bitcoin is stuck in the same flat-to-down price channel it picked up since reaching a record high of $73,750 seven months ago. The last time Bitcoin challenged the $70,000 level was in late July. After a few days, Bitcoin collapsed to less than $52,000. As of this writing, BTC’s…

With the fluctuating crypto market, attention has been drawn to the Cardano price and XRP price. Analysts forecasted the Cardano price to double by 2025 due to its technological foundation. The XRP price still faces an uncertain future, with expectations of a decline influenced by regulatory challenges.  In light of this, WallitIQ (WLTQ), dubbed the AI altcoin with the potential to make incredible gains of 5,340% in just 32 days, presents itself as an investment opportunity. WallitIQ (WLTQ): The AI Altcoin Set to Outperform with Projected 5,340% Gains WallitIQ spearheads the crypto AI revolution, using AI technology to improve wallet…

Bitcoin started the new week on the rise and the price rose above $ 69,500. While this increased investors’ expectations for an increase, CoinShares published its weekly cryptocurrency report and said that there was an inflow of $ 2.2 billion last week. “Inflows into cryptocurrency investment products reached $2.2 billion, the highest level since July, on optimism about the possibility of Republicans winning the US elections.” Bitcoin Becomes the Focus Again! When looking at crypto funds individually, it was seen that the fund inflows were in Bitcoin. While BTC saw an inflow of $2.13 billion, Ethereum (ETH) saw an inflow…

Things are starting to look up for Ethereum, which has been notable for its poor performance against Bitcoin lately. Analyst Peter Brandt, who has 50 years of experience, pointed out in his post today that an Inverse Head and Shoulders (H&S) pattern has formed on Ethereum’s daily chart. Accordingly, this chart shows promising bullish signals for ETH and that Ethereum is ready for a sustainable breakout if it breaks a critical resistance level. According to the chart shared by the analyst, the neckline in the model on ETH is currently located near the $2,745 level, which means that Ethereum needs…

Investors love to pit tokens against each other to decide which ones are better. It is to find which assets are best to invest in. Despite the differences in how projects work, they are often comparable in value and expected returns. For this article, we consider the performance and profile of certain investments to determine which could be the standout one. Our selection includes Decentraland (MANA) and Sandbox (SAND), projects thriving within the GameFi scene. We also analyze Zig Network (ZIG) and its unique business model, which appears attractive to many investors. Our goal is to present the details about the…

Data from CoinGlass shows that Bitcoin’s (BTC) future open interest has skyrocketed to $40.5 billion. The next big surge in open interest appeared when Bitcoin’s price reached nearly $70k. This increase shows a huge surge in investors’ interest in Bitcoin derivative markets. The market leader is the CME, with 30.7% of the Bitcoin futures open interest. The market is highly concentrated, as proven by Binance, with 20.4%, followed by Bybit, with 15%. This distribution shows the main role of the major exchanges in driving Bitcoin’s derivative market. This rising Open Interest also warns of corresponding system leverage, which could be explosive. Cascading…

Pepe (PEPE) showed an impressive performance, which saw the token surge by over 10% in a week. Pepe holders are still shifting their focus to Floki (FLOKI) and Cutoshi (CUTO). This sudden shift is due to Floki’s unique features and future potential. It seems to drive high demand, leading to the FLOKI price recording significant gains in just a month. Notably, the Cutoshi DeFi functionality and built-in utilities backed by a CMC listing can drive significant demand. They can push the token price higher. Will Cutoshi match Pepe’s coin price performance? Cutoshi Set to Capitalize on Uptober Rally with CNC…

Ripple co-founder and chairman Chris Larsen has made significant contributions totaling more than $11.8 million to Vice President Kamala Harris’ presidential campaign. Federal Election Commission (FEC) data analyzed by blockchain analyst James Delmore and verified by CNBC shows that Larsen contributed $9.9 million to Future Forward, a super PAC supporting Harris, and over $800,000 to the Harris Victory Fund in September. Larsen, a prominent figure in the cryptocurrency industry, also announced a $10 million donation from Ripple’s own digital currency, XRP, to support Harris. He expressed his belief that the Democratic Party needs a new approach to technology and innovation,…

Cryptocurrency analytics firm MarktQuant has released an optimistic market update stating that Bitcoin (BTC) has officially entered a full bullish phase based on its proprietary Bullish/Bearish model that integrates 11 key technical and on-chain indicators. According to the firm, positive momentum has been building steadily over the past four days and is showing signs of accelerating. MarktQuant analysts remain confident in Bitcoin’s medium- to long-term outlook, describing it as “strongly bullish.” Fair value models also point to a significant increase in liquidity, largely driven by the expansion of China’s bank balance sheets ($CNBBS). This influx of liquidity is expected to…

Bitcoin surged above $69,000 overnight on Sunday, hitting its highest price in three months. The rally capped Bitcoin’s strongest week in two months and added fuel to excitement in a market already gaining momentum. With BTC nearing its all-time high of $73,000, market experts are speculating on the possibility of it breaking a new record this year. Here are what analysts say are the key factors driving Bitcoin’s recent rally. However, today the BTC price experienced a sudden partial decline and is currently trading at $ 67,800. With the decline, there was a liquidation of approximately $ 70 million in…