Analysis Crypto by Thebittimes.Com

Shiba Inu (SHIB) is currently outperforming the likes of Bitcoin (BTC) and Ripple’s XRP in the daily charts. SHIB has rallied by 4.1% in the last 24 hours. BTC, on the other hand, has fallen 3.5%, and XRP has rallied 1.5% in the same time frame. Also Read: Ethereum Buyers Pile In as Aya Miyaguchi Takes Over—Will ETH Rebound? Shiba Inu Continues To Fumble Source: Watcher Guru Despite outperforming BTC and XRP in the daily charts, SHIB has faced quite a price dip in the last few days. The asset is down 6% in the weekly charts, 8.1% in the 14-day charts, and 23.4% over the previous month. The dog-themed crypto has maintained some gains in the yearly charts, rallying 48.4% since February 2024. Source: CoinGecko Also Read: M2 Money Supply Goes Parabolic—Is a Massive Bitcoin Rally Incoming? The latest market dip is likely due to the US reimposing tariffs on Canada and Mexico. The Bybit hack has likely further pushed the correction. Investor sentiment has taken a massive hit over the las...

Leading altcoin VeChain (VET) is trading around the $0.022 mark on Tuesday, up close to 4% in the day’s trade. It snapped its eight-day losing streak today and entered the greener spectrum in the charts. The latest price prediction for VET remains bullish, indicating that a double-digit spike could be on the way. VeChain’s spike in price comes after Bitcoin hit the $70,000 mark in the indices. The overall cryptocurrency market remains green due to BTC’s bullish momentum. Bitcoin is up 5.1% today and is gearing up to breach its all-time high of $73,737. Also Read: Dogecoin (DOGE) To Peak And Target $0.175, Expert Shares If BTC breaches the mark, leading altcoins could also hit new monthly highs in the indices. Therefore, taking an entry position in VET could be beneficial as indicators remain bullish. VeChain Price Prediction: VET Forecasted to Surge Double Digits in November Source: Unsplash Leading on-chain metrics and price prediction firm Changelly has painted a ros...

According to prominent cryptocurrency analyst Ali Martinez, Bitcoin (BTC0 may hit a new all-time high of $86,600. The analyst says if BTC can break past $67,400, it could surge to a new local top. If #Bitcoin can break past $67,400, the next potential local top could be around $86,600! pic.twitter.com/xIWq0hFqvQ — Ali (@ali_charts) October 16, 2024 Also Read: Who Will Attend BRICS Summit 2024? Key Leaders Confirmed BTC is inching closer to the $67,400 mark, currently trading at $66,902.29. The original cryptocurrency has displayed robust performance over the last few days, rallying 2% in the daily charts, 7.4% in the weekly charts, 8.6% in the 14-day charts, 14.3% over the previous month, and 145.8% since October 2023. Source: CoinGecko Why Is Bitcoin Rallying? Source – SkyNews October has historically been a bullish month for the cryptocurrency market. BTC’s current rise follows the same historical trend. Also Read: Amazon Inks New AI Partnership: AMZN Set for October...