Altcoin News by Thebittimes.Com

Bitcoin’s (BTC) bullish ‘Uptober’ reputation was shattered this year after the cryptocurrency ended October with a nearly 4% loss, marking its worst October performance since 2014. Now, according to cryptocurrency analyst and TradingView contributor TradingShot, the weak monthly close may signal the start of a deeper correction, potentially sending Bitcoin toward the $87,000 region in the weeks ahead. Bitcoin price analysis chart. Source: Finbold The analyst pointed to a fractal pattern mirroring Bitcoin’s price action between December 2024 and February 2025. During that period, BTC rejected a descending trendline, lost its higher-lows support structure, and ultimately fell roughly 32% from its all-time high.  The recent move, marked by a rejection at the 1-day 50-day moving average (MA), resistance on a descending highs trendline, and stalling at the 0.5 Fibonacci retracement, closely resembles that earlier setup. Notably, since mid-August, Bitcoin has made ...

With the recent price crash , Bitcoin (BTC) long-term investors have been on an accumulation rampage, registering a record inflow average. According to two sources, the so-called “Accumulation Addresses” have acquired over 12,700 BTC and 20,000 BTC. First, Ali Martinez reported the labeled “accumulation addresses” receiving 12,700 BTC in the last 24 hours, worth $840 million. In the meantime, long-position traders have lost nearly $400 million as over $136 billion left the cryptocurrency market. BTC: Inflows to Accumulation Addresses. Source: CryptoQuant / Ali Martinez Later on, Luke Mikic shared the same metric, showing an all-time high of 20,000 BTC inflow to “accumulation addresses.” In this second chart, we can see the historical data from 2014, evidencing the record inflow to long-term holders. Picks for you ...

Amid warnings of a major financial crash , famous investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, has shared his views on why the United States dollar , in particular, might suffer as a new currency threatens its global domination. Specifically, Kiyosaki was visiting South Africa, “watching and listening to rumors of what will happen when BRICS nations, Brazil, Russia, India, China, South Africa produce BRICS crypto, possibly backed by gold,” as he told his followers in an X post published on May 12. Hyperinflation on horizon Indeed, according to the renowned finance educator, if the rumors are true, this would mean a loss of value to the US dollar and a hyperinflation in the US, and he recommended investing money in alternative assets instead, including gold, silver, and Bitcoin (BTC) to protect oneself against this crash: Picks for you Hacker returns $71 million worth of crypto to phishing victim 15 hours ago ...

Ethereum market analysts desperately search for the bottom but ETH price technicals aren't excluding further downside below $700. Ethereum's native token, Ether (ETH), eyes a strong bullish reversal after losing 25% from its November high of $1,675, according to a bottom fractal spotted by independent market analyst Wolf. Can Ethereum price co its March 2020 fractal?   Wolf compares Ethereum's multi-month downtrend between May 2018 and March 2020 with a similar but relatively shorter correction after July 2022. If the move repeats, that means the price of Ether has bottom ed in November 2022, according to the analyst, as shown below. ETH/USD 2019-20 and 2022 price performance comparison. Source: TradingView/Wolf Wolf draws cues from March 2020' s Ethereum price crash triggered by the Covid-19 pandemic — a black swan event. Similarly, ETH price was pushed down in November 2022 due to another black swan — the collapse of cryptocurrency exchange FTX. But ETH/USD rebo...