Viniezera

$BNB BitMEX co-founder predicts a sharp drop for cryptocurrencies

Arthur Hayes, co-founder of BitMEX and one of the leading cryptocurrency analysts, is not optimistic about the appreciation of Bitcoin (BTC). While the market is excited about the new highs, Hayes says there will still be a sharp correction in the prices of digital assets.

This prediction was the subject of the latest analysis published by Hayes in his newsletter on Tuesday (17). Interestingly, the analysis came just before the fall of BTC, which depreciated by 4% in the last 24 hours.

#MarketCorrectionBuyOrHODL

Whales Accumulate Ethereum, Could Lead to New High

The price of Ethereum (ETH) recently broke above $$ 4K for the first time since March 2024, marking a 25% gain in the last 30 days.

However, the 7-day MVRV ratio, now at -1.35%, suggests that short-term holders are facing unrealized losses, indicating a potential for further downside before a recovery.

Historically, ETH tends to bounce back after the MVRV drops to -4% or lower, aligning with increased whale accumulation as addresses holding at least a thousand ETH units have steadily increased in December.

While the cryptocurrency faces key resistance at $$ 3.987, breaking it could lead to $$ 4.100 and beyond. However, bearish signals from the converging EMA lines may test its support at US$ 3.500 or lower.

BNB

You bought the currency at a high and think it's its fault that you're losing money. Learn the right time to buy and sell, don't follow the herd.

$BTC

Criptomoedas sobem até 350% em meio a 3 listagens e airdrop na Binance e o Bitcoin à espera do Fed

Cenário continua otimista, embora dados econômicos da semana não garantam corte de juros na última reunião do Fomc em 2024.

O mercado de criptomoedas operava a um market cap de US$ 3,61 trilhões (-0,2%) na manhã desta sexta-feira (13), quando o Bitcoin
BTC
tickers down
R$ 634.309
orbitava US$ 100,5 mil (+0,15%) com 55,1% de dominância de mercado, sentimento dos investidores lateralizado em zona de ganância (78%) e as altcoins em terreno misto, apesar de algumas explosões de preço de até 350%, na esteira de algumas novas listagens na Binance.

#MarketNewHype

Criptomoedas sobem até 350% em meio a 3 listagens e airdrop na Binance e o Bitcoin à espera do Fed

Cenário continua otimista, embora dados econômicos da semana não garantam corte de juros na última reunião do Fomc em 2024.

O mercado de criptomoedas operava a um market cap de US$ 3,61 trilhões (-0,2%) na manhã desta sexta-feira (13), quando o Bitcoin
BTC
tickers down
R$ 634.309
orbitava US$ 100,5 mil (+0,15%) com 55,1% de dominância de mercado, sentimento dos investidores lateralizado em zona de ganância (78%) e as altcoins em terreno misto, apesar de algumas explosões de preço de até 350%, na esteira de algumas novas listagens na Binance.

#BitcoinKeyZone

How far can Bitcoin go? Analyst points to possible bottom after all-time high

Technical analysis of Bitcoin price

Arthur Driessen, analyst at Crypto Investidor, suggests caution for investors at this time. According to him, the rejection at the level of US$ 100 thousand may indicate a correction in the short term. If the support at US$ 95 thousand is lost, BTC may retreat to the range between US$ 90 thousand and US$ 88 thousand, signaling the beginning of a deeper correction.

Possibility of resuming the bullish trend

On the other hand, if the support at US$ 95 thousand holds, there is an expectation of a new test at the resistance of US$ 102 thousand. Breaking this barrier could propel Bitcoin to higher levels, with targets at $$ 107K and later $$ 115K. This move would be a strong sign of continuation of the Bull Market.

#MajorAirdropWatch December Shifts Focus on Bitcoin Dominance as Ethereum Prepares to Break Historic Resistance — Is Now the Time to Buy ETH?

In December, the focus is shifting away from Bitcoin as Ethereum prepares to break its historic barriers. According to ChangeNOW, a no-registration cryptocurrency exchange, transaction volumes for Bitcoin, Ethereum, and other coins have increased. Experienced investors and large holders concerned about the safety of their funds are flocking to ChangeNOW. This increase in transactions suggests that investors are accumulating, indicating potential growth for these coins.

#2024WithBinance Blockchain data shows that the US federal government transferred almost US$$ 2 billion in bitcoins seized from the dark web marketplace Silk Road to cryptocurrency exchange Coinbase on Monday (2).

Arkham Intelligence flagged the transactions, stating that the amount of BTC moved was from the Silk Road marketplace and was ultimately sent to America's largest crypto exchange after a brief stop in another wallet. In the end, 19,800 BTC — or US$$ 1.92 billion — was transferred.