Cryptocurrency Analysis and News Portal
A market analyst, Conor Ryder, CFA, recently explored the liquidity state of the crypto markets. Parameters like market depth, spreads, slippage, and volumes helped expose the liquidity problem. Post-FTX-implosion liquidity gap not resolved Under market depth, the analyst realized that BTC pairs are currently at the lowest level of liquidity associated with
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The banking crisis could be the spark that will kick off the next crypto bull run, in which Bitcoin (BTC) is likely to outperform all other cryptocurrencies — according to Mike McGlone, senior commodity strategist at Bloomberg Intelligence. Following the collapse of major banks such as Silicon Valley Bank and Credit
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Mike McGlone anticipates a Bitcoin Supercycle due to the asset’s raving performance despite economic circumstances. Commodity strategist Mike McGlone believes that a Bitcoin (BTC) Supercycle is on the horizon amid the leading crypto’s 2023 price upswing. According to the Bloomberg Intelligence senior commodity strategist, BTC’s recent performance compared to gold proves his
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Some analysts recently weighed in on Bitcoin price prediction as the prominent token appears set to embark on another rally. Bitcoin (BTC) price prediction sees some analysts argue that the leading digital currency could hit $100,000. As it stands, BTC has found support at the $24,000 threshold after climbing from
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Bitcoin (BTC) is setting up a classic trading move, which could see it hit a giant $100,000, one analyst says.In a tweet on March 14, Charles Edwards, founder and CEO of investment firm Capriole, called BTC price action in 2023 a “bump & run reversal.”Edwards on BTC price: The "bottom
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Bitcoin (BTC) hit its highest since the start of the month on March 13 as U.S. bank stocks saw the largest mass halt in history.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewBTC price sees "phenomenal" reboundData from Cointelegraph Markets Pro and TradingView tracked a thoroughly bullish hourly candle for BTC/USD, which reached
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"If judges turn more favorable, then there is the chance that GBTC Trust shares can be converted into an ETF. In that case, the discount in GBTC shares relative to the fund's net asset value could be quickly arbitraged away, and that's why GBTC shares are rallying now," Markus Thielen,
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Ethereum (ETH) may not have reached the bottom of its bear market yet. Nicholas Merten, the DataDash channel host, said that after the upgrade, the price of ETH might fall by more than 90% from its all-time high. According to the data analytics website Coinglass, on March 2, long bets in
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According to Mike McGlone, a senior commodities strategist at Bloomberg Intelligence, it may be premature to declare the bear market for cryptocurrencies over. In a recent report, McGlone argues that digital currencies, including bitcoin (BTC), will continue to face significant challenges due to the Federal Reserve’s ongoing policy of increasing interest
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However, the downgrade doesn't mean the analyst is giving up completely on the stock. "As SI's shares have fallen, we have defended the bank's management, operating platform, role within FTX's platform, and strength of their balance sheet. We still feel validated on these positions," Perito wrote. However, the volatility in
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