Tag: Hits

Bitcoin-to-silver ratio hits lowest since October 2023 as silver prices surge

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Key Takeaways The Bitcoin-to-silver ratio has hit its lowest level since October 2023, indicating silver’s recent strong price performance versus Bitcoin. Silver’s outperformance is attracting investor attention, as analysts highlight the potential for continued momentum based on historical trends and market interest. Share this article Bitcoin’s value relative to silver has dropped to its lowest point since October 2023 as the precious metal continues its price surge. Today the Bitcoin-to-silver ratio reflects silver’s strong outperformance against the leading digital asset. The ratio contraction signals a notable shift in investor preferences…

ETH Hits $3K But It’s Too Early To Call A Reversal

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Key takeaways: The ETH futures premium and the put options skew indicate that traders are hedging aggressively despite an 8% price rebound. Ethereum’s weekly fees slid 49% amid weakened DEX activity, while Tron and Solana fees rose 9%. Ether (ETH) gained 8% on Tuesday but stalled near $3,000 as derivatives markets signaled doubt about further upside. The move tracked the broader cryptocurrency rally as traders priced in better odds of new economic stimulus, especially after stress in Japan’s government-bond market on Monday. ETH/USD (left) vs. Total crypto capitalization/USD (right). Source:…

Analyst Predicts XRP Price Will Hit $100 Before Bitcoin Hits $1 Million

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A crypto analyst has issued a decisive projection that challenges the long timelines often associated with major price milestones for Bitcoin. His outlook was presented in response to the ultra-bullish forecasts from Michael Saylor and Jack Mallers, who have spoken openly about the possibility of Bitcoin reaching between $1 million and $20 million per coin.  Rather than focusing on Bitcoin’s distant targets, the analyst directed attention to XRP, insisting that XRP will reach $100 long before Bitcoin touches the seven-figure mark. Analyst Says XRP Will Reach $100 Before Bitcoin’s Million-Dollar…

Ark Invest acquires 174K Alphabet shares as the stock hits all time high

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Key Takeaways Ark Invest, led by Cathie Wood, acquired 174,000 shares of Alphabet. Alphabet’s stock price is surging due to strong search business and AI advancements. Share this article Ark Invest, an investment management firm led by Cathie Wood that specializes in actively managed ETFs focused on disruptive innovation, acquired 174,000 Alphabet shares as the tech giant’s valuation continues to surge after reaching an all-time high yesterday. The acquisition comes as Alphabet, the multinational technology company that owns Google, has seen its stock climb due to strong performance in search…

Bitcoin Supply Migration Hits Historic Levels Ahead of Fed Decision

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A historic shift in Bitcoin ownership unfolded during the latest market downturn, while the broader crypto market remained tied to uncertainty over a possible US Federal Reserve rate cut in December. Over 8% of the total Bitcoin (BTC) supply changed hands in the past seven days, making the current market decline “one of the most significant onchain events” in Bitcoin history, according to Joe Burnett, analyst and director of Bitcoin Strategy at Semler Scientific. During previous significant Bitcoin supply movements, Bitcoin traded at about $5,000 in March 2020 and around…

Bitcoin Sharpe Ratio Hits Zero At Potential Market Bottom

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A Bitcoin technical indicator known as the Sharpe ratio, has dropped to nearly zero, reaching levels usually seen near major market bottoms. The Bitcoin Sharpe ratio is at “a level historically associated with moments of maximum uncertainty and the early stages of risk repricing,” said CryptoQuant analyst I. Moreno on Monday. The analyst observed that Bitcoin is now entering the same zone seen in 2019, 2020 and 2022, when the ratio spent time at “structurally depressed levels” before new multimonth trends emerged.  “This does not guarantee a bottom, but it…

Dogecoin (DOGE) Hits Resistance, Recovery Momentum Shows First Signs of Fading

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Dogecoin started a recovery wave above the $0.1420 zone against the US Dollar. DOGE is now facing hurdles near $0.1540 and might struggle to continue higher. DOGE price started a decent upward move above $0.140 and $0.1420. The price is trading above the $0.1450 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.1530 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if it stays below $0.1530 and $0.1540. Dogecoin Price Faces Hurdles…

Revolut Hits $75B Valuation Following Share Sale, Global Push

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Neobank Revolut has completed a share sale that values the company at $75 billion, placing it among the world’s most valuable fintechs.  The funding deal was led by investment firms Coatue, Greenoaks, Fidelity and Dragoneer, with additional backing from a16z, Franklin Templeton, and T. Rowe Price. Nvidia’s venture arm, NVentures, also participated. The company said Monday that employees were able to sell shares as part of the deal, marking the fifth time Revolut has offered staff a liquidity event through its employee share program. Revolut is a London-based fintech company…

Bitcoin Steadies Above $86K as Dollar Hits 100

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Bitcoin (BTC) held above $86,000 on Monday after recovering steadily over the weekend from Friday’s flush to $80,600, its lowest price since April. The rebound came as traditional markets opened the week on a cautious footing, with the US Dollar Index (DXY) steady above 100, hovering near a six-month high. Key takeaways: The US Dollar Index held 100 after a blowout Nonfarm Payrolls (NFP) print of 119,000 against 53,000.  Bitcoin rebounded from $80,600 to above $86,000, but one analyst suggested that it could be deceptive strength. The BTC/gold ratio implied…

Bitcoin sentiment hits lowest point since December 2023

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Key Takeaways Bitcoin sentiment on social media is at its lowest since December 2023. Panic and capitulation dominate discussions on platforms like X, Reddit, and Telegram. Share this article Bitcoin sentiment has reached its lowest level since December 2023, as tracked across major social media platforms including X, Reddit, and Telegram. Social media activity shows retail traders expressing panic and capitulation amid recent market dips. Bearish comments have surged across platforms, with discussions in Reddit’s crypto communities correlating with Bitcoin’s market reactions. The sentiment shift reflects traders flipping to extreme…