@FXEmpire
@FXEmpire
Bitcoin Price Prediction – Bulls Target $60,000. Avoiding sub-$56,000 Will be Key, However **It’s been a bearish morning for Bitcoin and the broader market. A Bitcoin move through to $58,000 levels, however, would bring $60,000 into play and signal a broad-based crypto rally.** After a mixed start to the week for Bitcoin and the broader market on Monday, it’s been a broadly bearish morning… At the time of writing, Bitcoin, BTC to USD, was down by 0.33% to $57,300.0.…
@FXEmpire
Ethereum Catalysts on the Rise as Bulls Keep Control **The Ethereum price is inching closer to its all-time high.** While all eyes are on bitcoin ahead of an expected approval of a BTC futures ETF in the U.S., the second-biggest cryptocurrency is nearing a milestone of its own. Ethereum is inching closer to its all-time high of above $4,000 and is currently hovering at $3,800. The Ethereum price has skyrocketed more than 400% year-to-date, and **market bulls believe** that…
@FXEmpire
Square Sets Its Sights on Bitcoin Mining **Jack Dorsey revealed in a tweetstorm that Square is exploring the creation of a bitcoin mining system.** Now that a bitcoin ETF is on its way in the U.S., it’s more hip than ever to be a crypto company. Jack Dorsey’s payments company **Square** has been committed to proliferating bitcoin adoption, and now they are considering upping the ante. https://www.fxempire.com/crypto/btc https://www.fxempire.com/stocks/sq/chart Dorsey…
@FXEmpire
Best Stocks, Crypto, and ETFs to Watch This Week **There’s considerable risk for Netflix when it reports earnings on Tuesday because subscriber growth has slowed in recent quarters.** **Netflix Inc. (NFLX)** is making headlines these days for Squid Games and a controversial Dave Chappelle special and the stock is flying, breaking out above tough resistance between 550 and 600. However, there’s considerable risk for shareholders when it steps to the earnings plate on Tuesday…
@FXEmpire
Ethereum Is One to Watch Amid Speculation for Next Crypto ETF **Cryptocurrency market leaders are convinced that it is only a matter of time before an Ethereum ETF emerges.** The arrival of a bitcoin futures ETF has investors wondering which cryptocurrency could be next in line. **Ethereum**, the second-biggest cryptocurrency, is the most likely candidate, according to speculation on social media. https://www.fxempire.com/crypto/btc https://www.fxempire.com/crypto/eth/chart…
@FXEmpire
Inflation Uncertainty Keeps Bitcoin Near A Six-Month High **Concerns over inflation also fueled demand for bitcoin, which has a limited supply compared with the ample number of currencies issued by central banks, which were printed to stimulate economies** Despite some global inflation worries, bitcoin remained near a six-month high early on Monday amid optimism that U.S financial regulators will soon approve crypto ETFs. Concerns over inflation also fueled demand for…
@FXEmpire
Top 5 Crypto Exchanges By 24H Volume: Statista’s Research **The higher the volume, the more secure that environment is for investors.** High trading volumes are driven by more on-chain activity; they are a great predictor of the general interest in the **crypto market** and the growing interest in a particular exchange. The 24-hour volume highlights the total value of crypto traded in the past 24 hours and represents a perfect metric to show the liquidity of that specific…
@FXEmpire
SEC Chairman: Bitcoin Is Still a Highly Speculative and Volatile Asset **Gary Gensler is focused on investor protection.** Now that a **bitcoin** futures ETF has officially started trading, the cryptocurrency markets have entered a new chapter. While the ETF is a futures-based product, crypto investors are hopeful that the approval of a bitcoin spot market ETF might not be too far off. Grayscale Investments is doing its part and has filed an application with the U.S. SEC to…
@FXEmpire
How to Use Cryptocurrencies in Everyday Life **Cryptocurrencies are becoming an increasingly common payment instrument in real life. Today, according to TripleA analytical agency, over 250 million cryptocurrency users are registered across the globe. Most of them live in Asian countries (160 million holders).** In addition, more than 18,000 worldwide registered organizations accept cryptocurrency as a payment. According to TripleA experts, the number of crypto wallet holders…
@FXEmpire
Crypto Hits the Mainstream as Bitcoin ETF Beats Expectations **BITO’s trading volume came to extremely close to $1 billion on the first day of trading.** The bitcoin futures ETF (“BITO“) made a huge splash on its maiden day of trading, reaching key milestones and smashing records. Not only did the enthusiasm catapult the bitcoin price closer to a fresh all-time high, but the fund itself made its presence known among its ETF peers. It proved that there is pent-up demand for…
@FXEmpire
Bitcoin Elliott Wave Cycles Approaching Resistance **Bitcoin Dominance is turning down after reaching new high, so there’s a chance for some intraday ALTcoins rally, while BTC is slowing down.** However, keep in mind that we are approaching some important resistance in the Crypto market, so bigger decline is not excluded. Bitcoin, BTCUSD may have now completed wave 3, so new three-wave a-b-c setback in wave 4 can be already in progress with ideal support in the 61k-58k zone…
@FXEmpire
Bitcoin Drops Below $60k As The Broader Crypto Market Faces A Correction **The cryptocurrency market is going through a recovery phase at the moment, with Bitcoin dropping below the $60k psychological level earlier today.** The cryptocurrency market faces a correction period as Bitcoin and other leading cryptocurrencies lose more than 3% of their values. BTC Drops Below $60k The cryptocurrency market has been having an excellent time since the start of the month. The prices…
@FXEmpire
Bitcoin Retrace Can Lead To New Buy Signal **After another “stellar” rally that was supposed to reach 100K by next week (I’m exaggerating), Bitcoin has instead established a lower high formation off of a notable resistance area. While this price action is bearish, that does not mean Bitcoin is going into a bearish trend. The objective is to be prepared for a new buy signal off of an anticipated support area.** The first support is between 57 and 60K while the second support…
@FXEmpire
How can Crypto Projects Bring DeFi Closer To Investors? **DeFi is a concept that came into the financial scene back in 2018 with the launch of MakerDao. MarkerDAO brought lending opportunities for both business platforms and investors at large.** Since then, there have been many projects, and the **Defi** space is currently worth over **$103 billion**. https://www.fxempire.com/education/article/price-inflation-definition-measures-types-and-pros-and-cons-746998…
@FXEmpire
Ethereum Elliott Wave Cycles Point Limited Gain Ahead **Ethereum is back to highs, but still into 4300-4500 key resistance area around all-time highs in the 4-hour chart.** Crypto traders, keep in mind that current rally in the Crypto market is not smart money, it has been pushed mainly by BTC whales like Mike Novogratz who is big BTC investor and CEO of Galaxy Digital Holdings(GLXY). If we take a look at GLXY chart, we can clearly see a five-wave drop from the highs, so…