Bitcoin: when the small players cash in big and the veterans watch, the spectacle is always fascinating.
Bitcoin: when the small players cash in big and the veterans watch, the spectacle is always fascinating.
Bitcoin continues to fascinate, surprise, challenge expectations, and test the psychological limits of the market. Just a stone's throw from the symbolic threshold of $100,000, the leading cryptocurrency records a historic weekly close, solidifying its position in a context of increased volatility. This figure, more than ever at the center of discussions, raises questions: is it merely a milestone or a true market catalyst?
This new reality of Bitcoin is transforming the financial landscape, giving traders cold sweats and low profits.
As global economic uncertainties persist, the crypto market shows exceptional strength, embodied by a Bitcoin that has just reached a historic level. With the breach of its all-time high at $93,500, Bitcoin continues to captivate both institutional and retail investors. This situation is set against a backdrop where the balance between growing demand, financial innovation, and complex macroeconomic signals shapes the future of the asset.
The raid conducted by the FBI at the home of Shayne Coplan, CEO of Polymarket, marks a new stage in the complex relationship between American regulation and the world of decentralized markets. Occurring in a tense political context, this operation has sparked numerous reactions regarding the intentions of the U.S. government, particularly after the recent presidential election in which Polymarket played a controversial role with massive bets on the outcomes. This intervention goes beyond the investigation into Coplan and also points to broader issues surrounding the regulation of decentralized prediction platforms.
As the end of the year approaches, a major event could transform the Bitcoin ecosystem and intensify the debates surrounding its future: the imminent expiration of nearly $11.8 billion in Bitcoin options. Scheduled for December 27, this deadline could trigger spectacular movements in the markets, with the stated goal of pushing Bitcoin past the symbolic threshold of $100,000. However, while call options, which are predominantly favored, signal marked optimism, the tension remains palpable between bullish and bearish investors, each keen to position their influence ahead of this critical deadline.
Bitcoin is reaching new heights, now flirting with the $77,000 mark, a feat largely driven by the announcement of Donald Trump's victory in the U.S. presidential elections. In a context of high volatility, where institutional players and analysts sharpen their projections, the famous stock-to-flow model by analyst PlanB now forecasts a potential surge in Bitcoin's price up to $500,000 by the next four-year cycle. This renewed institutional interest, supported by favorable political initiatives, promises to disrupt the crypto market.
As Bitcoin continues to captivate investors worldwide by flirting with new historical highs, an unexpected voice rises to temper the euphoria surrounding the queen of crypto: that of Ki Young Ju, CEO of CryptoQuant, a benchmark in the industry. In a context where markets are buoyed by the prospect of Fed rate cuts and the repercussions of the recent U.S. presidential elections, Ki Young Ju makes a strange and far from optimistic prediction. According to him, Bitcoin could experience a drop of nearly 24% by the end of 2024, with a level around $58,974. This prediction, although out of step with the current enthusiasm, is based on a meticulous analysis of past trends and market data.
The great tide of "whales" is suspended! The giants of Bitcoin are waiting, monitoring the market like a cat watching a mouse.
As Bitcoin appears to slide below 70,000 USD, a wave of panic is settling among short-term speculators. In just a few hours, nearly 54,000 BTC, worth about 3.76 billion dollars, were transferred to exchanges, marking one of the largest sell-offs in recent months. This massive influx of assets reflects a negative dynamic for the market, particularly among short-term holders who, faced with volatility, choose to liquidate their positions. Such a situation results not only from a temporary market adjustment but from a sense of urgency that raises concerns about the future price movement of the flagship cryptocurrency.
Peter Brandt's pessimistic forecasts, one of the most seasoned traders on the financial scene, plunge the crypto community into palpable anxiety. Indeed, the price of Ethereum could well collapse to $1550, a level rarely seen in recent years. In a context of widespread correction in the crypto market, this prediction shocks as much as it raises concerns. Ethereum, often considered one of the cornerstones of the sector, is indeed mired in a pronounced downward spiral, with no signs of recovery appearing on the horizon.
As Bitcoin seemed poised to cross the symbolic barrier of $72,000 on October 31, 2024, the latest U.S. economic data abruptly halted this ascent. With personal consumption expenditures (PCE) inflation unchanged and significant underlying inflation, hopes for a monetary easing by the Federal Reserve are dwindling, plunging investors into doubt. This tense macroeconomic context, coupled with cautious reactions from institutional players, exacerbates the pressure on long positions and amplifies price volatility.
As Bitcoin flirts with the symbolic threshold of $72,000, investors, energized by recent gains, are showing signs of "extreme greed." The "Fear and Greed Index," traditionally monitored by them to anticipate corrections, is reaching alarming levels. This momentum is further exacerbated by an explosion of short position liquidations, with $48 million evaporated in a single day.
At Shiba Inu, things are progressing in the code, but the meme crypto continues to lag behind in the market.
Between the shining gold and the sluggish BTC, traders are on the lookout for any flaw for a new crypto takeoff.
The online prediction market has never been under so much pressure, and this time, Polymarket finds itself at the center of an intriguing affair. The betting platform on political events has discovered that a single French trader, operating under multiple pseudonyms, is behind a significant volume of bets on Donald Trump's election chances. This situation has raised suspicions of market manipulation. So, what is really going on behind these large-scale bets?
Is Bitcoin poised to reach a new decisive milestone in its tumultuous history? As the flagship cryptocurrency navigates beyond the $65,000 mark, observers predict an imminent surge if the $70,000 threshold is surpassed. This new phase could signify a major shift for the fourth quarter of 2024. The atmosphere of optimism is returning after a period of summer consolidation, and many believe that the "drought period" is now a thing of the past.
Bitcoin takes a ride on the carousel, hitting $68,000, and triggers an avalanche of greed in the market.
The world of cryptocurrencies, known for its volatility, has once again proven its unpredictable nature. In just 24 hours, over 287 million dollars have been liquidated on the major exchanges. A figure that resonates as a warning for leveraged traders, exposed to sudden and brutal market movements. This new wave of liquidations spares neither Bitcoin nor Ethereum, two pillars of the crypto market, which have seen their valuations severely impacted.
When Bitcoin rises, traders tremble: the golden beast ascends, but the shadow of the bears is never far away.
Traders are leaving exchanges: Bitcoin now prefers the calm of a cozy wallet to the stress of turbulent markets.
The TON blockchain, once developed by Telegram, has just crossed a key threshold: that of 100 million active users. This figure reflects rapid and massive adoption, propelled by a series of technological developments within the ecosystem. However, this rise raises questions about the mixed performance of Toncoin, the native cryptocurrency of TON.
The legal saga of FTX is finally coming to an end. After nearly two years of battles and attempts to recover funds, the courts have finally ordered the repayment of 16 billion dollars to the former clients of the asset exchange platform through the approval of a plan.
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Small traders have deserted the Bitcoin ship, leaving the whales to play among themselves without making too many waves.
On track! Bitcoin surpasses $62,000 after the Fed's boost. HODLers hold on, traders rejoice!
The Bitcoin market is going through a tumultuous period, marked by a series of significant sales from short-term holders. These investors, generally more sensitive to rapid market fluctuations, have decided to reduce their exposure in light of a decline in confidence regarding short-term price stability. This phenomenon occurs as macroeconomic uncertainties, particularly related to U.S. interest rates, continue to weigh on risky assets. However, this massive exit also paves the way for a new dynamic, with long-term holders seizing the opportunity to strengthen their positions.
Bitcoin is on the rise, climbing to $58,000 and just like that! 14,000 BTC vanish into thin air. The big fish are fleeing and the little ones are laughing... for now!
France has made an unexpected request to the European Commission as Europe seeks to maintain post-pandemic budgetary balance. Indeed, it is asking for an extension of the deadline for submitting its public deficit reduction plan. The aim behind this request is to enable it to align this plan with the finance law for the year 2025. With a colossal public debt, France is far beyond the thresholds set by the EU. This request therefore threatens the economic stability of the euro area, as well as that of the crypto market.
In the span of a month, Bitcoin has lost 8.6% of its value. It reached its lowest point at the beginning of September. This decline occurs in a market context weakened by reduced liquidity and heightened selling pressure. Investors and traders, accustomed to the rollercoaster of prices, are searching for clues about the direction the market could take in the coming days. What are the immediate factors that led to this drop? What are the useful strategies for traders and the short-term outlook for the market?