Analysis Crypto by Thebittimes.Com

US President Donald Trump’s son, Eric Trump, took to X and said that it feels like a great time to enter Bitcoin (BTC). He also tagged World Liberty Financial in his post. World Liberty Financial is a crypto firm personally backed by President Trump. Eric Trump had a similar post for Ethereum (ETH) on Tuesday. Also Read: Shiba Inu (SHIB) & Ripple (XRP) Mid February Price Prediction Feels like a great time to enter #BTC! @worldlibertyfi — Eric Trump (@EricTrump) February 6, 2025 Bitcoin Reacting Positively To Eric Trump’s Post Source: Bitcoinist BTC’s price has risen 0.8% in the daily charts, reclaiming the $98,000 price level. The asset seems to be reacting positively to Eric Trump’s X post. Despite the slight recovery, BTC is down 6.6% in the weekly charts, 4% in the 14-day charts, and 3.5% over the previous month. Source: CoinGecko Also Read: Buy Jio Financial Shares Now: Target Rs 305, 25% Upside The cryptocurrency market faced a major correction earlier this...

Ripple’s XRP token has witnessed quite a rally over the last few weeks. The asset breached the $3 mark for the first time in seven years. The project also overtook Tether (USDT) to become the third-largest crypto project by market cap. Also Read: 14% of Americans Invested in TRUMP Coin, Survey Shows XRP is up 20.2% in the last seven days, 26.9% in the 14-day charts, 38.6% over the previous month, and 452.2% from a year earlier. Despite the rally, the asset is down by 1.2% in the last 24 hours. Source: CoinGecko XRP Predicted To Hit A New All-Time High Source: Decrypt Ripple’s XRP token is currently down by 9.8% from its all-time high of $3.40. The asset peaked in January 2018, seven years ago. Also Read: If You Invested $1,000 in Bitcoin (BTC) on Election Day, What Would It Be Worth Today? According to prominent cryptocurrency analyst Ali Martinez, XRP has broken out of a bullish flag. The analyst anticipates the asset to hit a new all-time high of $4.40. Hitting $4.40 from ...

Ethereum (ETH) has faced several ups and downs in 2024. The asset did not gain much traction for most of the year, even after the launch of spot ETH ETFs. ETH started to rally after Donald Trump emerged victorious in the US Presidential election in November 2024. Also Read: How Much is the Value of 14k Gold? Ethereum’s Latest Price Movements Source: Unsplash ETH has faced quite a correction over the last few weeks. The asset breached the $4000 mark earlier this month but has fallen below $3400. ETH’s price is down 1.9% in the daily charts, 2.1% in the weekly charts, 16.7% in the 14-day charts, and 9.6% over the previous month. Despite the dip, ETH has gained 46.2% since late December 2023. Source: CoinGecko Why Is The Market Down? Source: Watcher Guru ETH’s current dip is likely due to Bitcoin (BTC) falling below $93,000. BTC’s descent has had negative repercussions for the entire market. On the other hand, BTC’s dip is likely due to the Federal Reserve tak...

The co-creator of Meta’s ill-fated crypto payment project Libra says a political hit job stymied their efforts. David Marcus says Libra, later renamed Diem, would have “solved global payments at scale.” The tech executive notes his team spent months briefing “key regulators” in the US and abroad prior to announcing the project in June 2019 alongside 28 other companies. “Two weeks later, I was called to testify in front of both the Senate Banking Committee and the House Financial Services Committee, which was the starting point of two years of nonstop work and changes to appease lawmakers and regulators. By spring of 2021 (yes they slow-played us at every step), we had addressed every last possible regulatory concern across financial crime, money laundering, consumer protection, reserve management, buffers, and so much more, and we were ready to launch. We had worked on a slow rollout of a limited pilot that some members of the...

With all eyes on the outcome of the year’s inaugural meeting, the Federal Reserve has decided to keep interest rates unchanged in its first decision of 2024. Many experts predicted the agency would opt not to raise or cut interest rates to start the new year, keeping them at its current 5.25%- 5.50%. However, many are seeking insights as to when those cuts could come. After their two-day policy meeting, the agency had opted to leave interest rates at the current 23-year high. Moreover, this decision follows the same outcome of the last three meetings for the Central Bank officials. Yet, amid positive inflation data, experts are seeking clues as to when those coveted cuts could finally manifest. BREAKING: 🇺🇸 Federal Reserve leaves interest rates unchanged, remains at 5.25% – 5.50%. — Watcher.Guru (@WatcherGuru) January 31, 2024 Also Read: Federal Reserve Keeps Interest Rates Unchanged Federal Reserve Leaves Interest Rates Unchanged to Star...

With all eyes on today’s meeting, the Federal Reserve has opted to officially keep interest rates unchanged. The agency has held its benchmark interest rate the same for a third consecutive meeting as it slightly eases what has been an aggressive tightening campaign. The Fed has undoubtedly emphasized its continued goal to drop inflation to its 2% target. However, it did not feel compelled to turn course and opt to raise interest rates. Moreover, rumblings have begun to form that an interest rate cut could come at some point in 2024. BREAKING: 🇺🇸 Federal Reserve leaves interest rates unchanged, remains at 5.25% – 5.50%. — Watcher.Guru (@WatcherGuru) December 13, 2023 Also Read: Federal Reserve Pause Interest Rate Hikes For Second Time Federal Reserve Keeps Interest Rates at 22-Year High The United States economy has certainly been in a state of fragility for much of the last year. As inflation continued to threaten it, the Federal Reserv...

Cryptocurrency prices reacted positively to the Federal Reserve’s latest decision on interest rates on Nov. 1. Defi tokens like AAVE and Uniswap (UNI) led the way, rising over 20% in a moment. AAVE rose to $98.13 and Uniswap’s UNI rose to $4.80. These tokens are thriving due to the overall significance of the cryptocurrency rally. In the case of Uniswap, the rally means demand for cryptocurrencies will increase as investors try to follow the crowd. In the stock market , it was already seen Coinbase’s share price skyrocketed this week. When writing, UNI trades at $4.65, up 13.6% in 24 hours. Uniswap price | Source: CoinMarketCap Likewise with AAVE: as cryptocurrency prices rise, there is a possibility that demand for its lending projects will continue. Indeed, the total value locked in many DeFi protocols has jumped, according to DeFi Llama. Now AAVE is trading at $94.21, up 14.11% in 24 hours. AAVE price | Source: CoinMarketCap The rise in altcoins co...

Several macroeconomic indicators suggest that bearish headwinds could strengthen during the remainder of 2023 and possibly negatively impact the crypto market. 2023 has been a whipsaw year for investor sentiment and even though equities market s have defied expectations, a recent report from ARK Invest highlights reasons why the remainder of 2023 could present several economic challenges.  ARK manages $13.9 billion in assets, and its CEO, Cathie Wood, is a strong advocate for cryptocurrencies. In partnership with the European asset manager 21Shares, ARK Investment first applied for a Bitcoin exchange-traded fund (ETF) in June 2021. Their most recent request for a spot BTC ETF, which is currently pending review by the U.S. Securities and Exchange Commission (SEC), was initially filed in May 2023. Long-term bullish, short term bearish? Despite ARK’s bullish view on Bitcoin which is supported by their research on how the fusion of Bitcoin and Artificial Intelligence could transform corpo...

However, there was a surprise sell-off when the Federal Reserve made good on its intention to pause the historic interest rate hikes for the first time since March 2022. advertisement The largest cryptocurrency plunged recording losses of at least 4% following the Fed’s decision on interest rates. Although Bitcoin price is trading at $25,040 on Thursday, the sharp drop extended to $24,835, bringing the cumulative seven days losses to 5.1%. Bitcoin price chart | Source CoinGape Why is Bitcoin Price Falling Despite Pause on Interest Rate Hikes? As reported on Wednesday, at least 76% of the economists interviewed by Dow Jones expected the Fed to halt the long-standing interest rate hikes. Analysts generally believed this would be a boost for Bitcoin price and crypto. However, according to John Gilbert, a Market Analyst at eToro, while the Fed paused interest rates this month, the regulator signaled the possibility of further increases in the future. This st...

Significant headwinds continue to batter BTC, and this week’s options expiry is unlikely to provide any relief. Bitcoin (BTC) fell below a four-day narrow trading range near $22,400 on March 7 following comments by United States Federal Reserve Chair Jerome Powell before the Senate Banking Committee. During the congressional appearance, the Fed chairman warned that he bank is prepared to tame inflation by pushing for more significant interest rate increases. Powell added that “the ultimate level of interest rates is likely to be higher than previously anticipated” and that recent economic data was “stronger than expected.” These remarks significantly increased investors’ expectations of a 50 basis point interest rate hike on March 22, putting pressure on risk assets such as stocks, commodities and Bitcoin. That movement could explain why the $565 million Bitcoin weekly option s expiry on March 10 will almost certainly favor bears. Nonetheless, additional negative crypto market event...

Bitcoin trades sideways at the Wall Street open as all eyes are on the Fed and Chair Jerome Powell. Bitcoin (BTC) preserved its active trading range into the Feb. 1 Wall Street open as Markets looked to the day’s key macroeconomic data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $23,500 becomes level to beat for Bitcoin bulls Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued to move in a narrow corridor around $23,000. An upcoming interest rate hike and commentary from the United States Federal Reserve preoccupied traders across risk assets, this potentially sparking fresh volatility in line with previous months. Fed Chair Jerome Powell was due to speak at 2.30pm Eastern Time on the day. On the Binance order book, resistance shifted higher on the day, broadening price targets in the event of a catalyst moving the market. On-chain analytics resource Material Indicators noted that “an entire ladder of BTC ask liquidity was removed fro...