DeFi News Daily Official TheBitTimes.com

The mounting uncertainty over interest rate cuts and signs of slowing economic growth are weighing heavily on Bitcoin (BTC) as it struggles to build momentum just weeks after hitting its record highs in mid-July. Adding to the uncertainty are cooling institutional demand and further geopolitical tensions following Trump’s August 4 threat of tariffs on India in response to the South-Asian country’s continued purchases of Russian oil. BTC price prediction To see where Bitcoin might be by the end of the month, Finbold’s AI prediction agent used multiple LLMs to generate an average forecast for improved accuracy while incorporating momentum-based indicators into its context. You can experiment with the existing prompts or create your own. Try here now.  To make its prediction, the AI analyzed a number of technical indicators, including moving average convergence/divergence (MACD), Relative Strength Index (RSI), stochastic oscillators, and 50-day moving averages (MA...

It seems that the happy sunshine days of the cryptocurrency market are over with the cloudy bear market murmurs taking over the domain rapidly. A new prediction floated by none other than CryptoQuant CEO Ki Young Ju has gripped the market, hitting investors with a stark reality check. Is the bear market truly upon us? Here’s what the Crypto Quant CEO has to say about his latest Bitcoin bear market prediction. Also Read: Official Trump (TRUMP) Predicted To Reclaim $52: Here’s When Bullish Days Ahead? Not Really Source: Cointral.com Investors have been eagerly waiting for Bitcoin to rise above the $100K mark amid the spree of positive cryptocurrency developments that have been taking place in the domain as of late. With President Donald Trump officially lending support to the dominion, it felt as if the market would deliver stellar gains shortly. However, in an alternate scenario, the cryptocurrency market has reversed all its recent gains and has entered into the notorious bear mar...

The Bitcoin price dropped 2.5% in the last 24 hours to trade at $96,059 as of 02:12 a.m. EST on trading volume that surged 24% to $47 billion. This comes as Strive, an asset manager founded by Vivek Ramaswamy, has asked United States regulators for permission to list an exchange-traded fund (ETF) investing in convertible bonds issued by MicroStrategy and other corporate Bitcoin buyers. The Strive Bitcoin Bond ETF will be actively managed and will gain exposure to “Bitcoin Bonds” either directly or through financial derivatives, such as swaps and options. Strive files for “Bitcoin Bond” ETF… Would seek exposure to convertible securities issued by MicroStrategy. pic.twitter.com/ybJjbVFWUN — Nate Geraci (@NateGeraci) December 26, 2024 Ramaswamy has been an outspoken ally of President-elect Donald Trump. He founded Strive in 2022 to help investors harness the power of capitalism. Industry analysts see Trump’s presidential win as a green li...

The Bitcoin price surged 9% in the last 24 hours to trade at $74,861 as of 00:32 a.m. EST on trading volume that skyrocketed 102% to $91 billion. This comes after the BTC price hit a new all-time high (ATH) of $75,361 as early US election results indicated Donald Trump is set to win the race for the White House. This topped the previous Bitcoin high set in March that followed the market euphoria after the launch of spot Bitcoin ETFs (exchange-traded funds) in the US. #Bitcoin has just set a new all-time high, surpassing its previous record of $73.77K! pic.twitter.com/MzmReCsIbI — Binance (@binance) November 6, 2024 Trump’s odds of winning the election surged by 37% to a record 96.9% on Polymarket, while Harris’s plunged to just 3.4% . Bitcoin Price To Continue Soaring The Bitcoin price is moving within an ascending channel, as highlighted by the two parallel trend lines. This channel suggests a bullish trend, with higher highs and higher lows forming sin...

Bitcoin Price Volatility in The Cards? The trading range in  Bitcoin price, alongside that of altcoins like Ethereum, has narrowed significantly over the past six weeks, based on insights released by K33 Research, a digital assets wealth management platform. advertisement According to the report, the crypto market stability continues to defy macroeconomic factors, and key industry events, which would have sent investors on a rollercoaster a few years ago. “A deep crypto sleep tends to be followed by a violent wake-up,” Vetle Lunde a K33 senior analyst said. “The market is clearly in an unprecedented stable stage, which has typically acted as a massive pressure valve for volatility once it finally reignites.” Meanwhile, support at $29,100 has been reinforced by the 61.8% Fibonacci level, and with the Money Flow Index (MFI) moving above the midline, the path with the least resistance could to the upside. Recomme...

How To Prepare Amid A Glaring Bitcoin Price Sell-Off Bitcoin price holds slightly above $29,200 with the 50-day Exponential Moving Average (EMA) (red) acting as resistance at $29,360. Although support at $29,000 is holding steadily, the technical picture is leaning heavily toward the bearish side. advertisement A sell signal from the Moving Average Convergence Divergence (MACD) implies that sellers have the upper hand and that the path with the least resistance is southbound. If losses are sustained below the immediate support, short positions in BTC may turn profitable toward $28,000 with a further drop to $25,000 becoming apparent. BTC/USD daily chart | Tradingview   Most analysts anticipated declines to dominate the Bitcoin market toward the end of the week, especially with the United States Federal Open Market Committee (FOMC) deliberating on a possible interest rate hike on Wednesday. “With all the upcoming events, I wouldn’t be...