Analysis Crypto by Thebittimes.Com

Amid the growing geopolitical tensions between BRICS and the West, its de-dollarization efforts have seemingly faltered as experts predict the US dollar will strengthen in 2025. Indeed, analysts have noted that the greenback is set for a notable resurgence over the next year. The potential arises as US President-elect Donald Trump has threatened 100% tariffs on the global south’s economic alliance. Specifically, he is targeting all nations that are looking to ditch the dollar in favor of local currencies. If it comes to fruition, it could go a long way toward strengthening the Western currency. Source: LA Times Also Read: BRICS’ Say Call to Move Away From The US Dollar is Growing US Dollar Set to Strengthen in 2025 Despite BRICS’ Challenge The last two years have been massive for the BRICS alliance. It has engaged in its first expansion effort since 2001 a year ago. Moreover, the bloc continued its growth efforts in 2024, introducing 13 partner nations that will play a...

The Bitcoin price edged up a fraction of a percent in the last 24 hours to trade at $68,611 as of 03:28 a.m. EST on trading volume that surged 23% to $41.62 billion. This comes as Mt.Gox moved another $2.2 billion worth of Bitcoin on Monday, identified through wallets tracked by blockchain analytics firm Arkham Intelligence . Bitcoin briefly slid below $68,000 during Asian market trading but has since clawed back losses. Meanwhile, US spot Bitcoin ETFs (BTC ETF) reported $541 million in net outflows on Nov. 4, the second-largest daily outflow since launch in January. Fidelity’s FBTC recorded the highest outflows at $169 million. 🚨BREAKING: Yesterday, the Spot #Bitcoin ETF had an outflow of $541.07 million, the second-largest outflow in its history.⚠️ pic.twitter.com/iZTTRRlMHU — Dz_4L🐋 (@DZ_Trader4L) November 5, 2024 Bitcoin Price On A Sustained Bullish Trend The Bitcoin price recently tested the upper boundary of the rising channel pa...

The United States Securities and Exchange Commission (SEC) recently approved several spot Ethereum (ETH) exchange-traded funds (ETFs), a move that experts believe signals Ether’s status as a non-security.  This decision, made on May 23, 2024, involved approving 19b-4 applications from major financial institutions like VanEck, BlackRock (NYSE: BLK), Fidelity, and others, enabling them to issue spot Ether ETFs.  However, these ETFs still require S-1 approval from the SEC before they can officially launch. Picks for you JPMorgan CEO warns of potential ‘hard landing' for U.S. economy 44 mins ago Long-time crypto critic surprises with a related warning on privacy 1 hour ago ...

Although the larger part of the cryptocurrency sector seems to be slowing down its previously accumulated (massive) gains, some of its assets might just yet make an impressive bullish recovery and more – one of them being XRP, at least in the view of a number of crypto and finance experts . Indeed, Markus Thielen, head of research at the crypto analytics platform 10X Research , observed in a recent report that Bitcoin (BTC) is targeting $57,000 as its next resistance, with the increasing “odds for another leg being higher,” contributing to a healthy structure of the crypto market. As he further explained, “Bitcoin is the critical directional influencer,” arguing that the likes of the XRP token, Ethereum (ETH), and other major digital assets will likely take the cue from the flagship decentralized finance (DeFi) asset and rise and fall with its movements.  Picked for you 3 cryptocurrencies to buy under $1 for next week 19 mins ago This AI token...

At the 2023 European Blockchain Convention, a panel of data experts discussed strategies for gaining insights into the crypto market. The panel, titled “The Data-Driven Investor: Strategies for Crypto Market Intelligence,” featured Elliot Garreffa of AddZest, Lars Bakke Krogvig of Nansen, and Ambre Soubiran of Kaiko. The panelists emphasized the importance of both on-chain and off-chain data sources for understanding crypto market dynamics. According to Soubiran, combining centralized exchange data on order books and trading volumes with blockchain analytics provides a more complete picture. She highlighted liquidity data as being particularly valuable for assessing risk. Krogvig noted that on-chain data reveals information about investor behavior and market sentiment that is not visible in exchange data. For example, tracking wallet movements can provide signals about impending price impacts. You might also like: Galaxy Digital predicts 74% surge in BTC price ...