Crypto prices today (Feb. 5): BTC, SOL, UNI, PUMP dip further as extreme fear grips market

Crypto prices today are in the red as forced liquidations and weak demand pushed major tokens lower. At press time, total crypto market capitalization was down 4.4% to $2.35 trillion. Bitcoin fell 5.5% in the past 24 hours to $73,103.…

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XRP To $1,000? Korean Researcher Lays Out 10-Year Roadmap

South Korean scientist YoungHoon Kim has sketched an extreme long-term view for XRP, saying the token could reach $1,000 within the next 10 years. Related Reading: JPMorgan Eyes Crypto Services As Institutional Demand Grows – A Boost For BTC Price? According to his posts on X, the forecast rests on a series of big macro shifts — a major flow of capital into crypto, a weaker US dollar, and prolonged high inflation.

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Ripple’s (XRP) upside target: what’s on the horizon for this cycle? And a newly emerging altcoin eyes a 19,000% rally

With XRP trading at about $2. 71, speculation over a potential XRP ETF approval has sparked bullish forecasts, with some envisioning double-digit price levels by 2025. An ETF could attract institutional inflows and fuel higher demand, but regulatory issues still loom, making more extreme projections seem uncertain.

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Ethereum Retraces To Critical Monthly Demand Level – Can ETH Hold Selling Pressure?

Ethereum has experienced a massive drop, losing over 27% of its value in less than five days as the market faces extreme fear and uncertainty. The rapid sell-off has fueled speculation that a bear market could be on the horizon, with many analysts calling for further downside in the coming months.

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Riot’s Power Strategy Pays Off: $10 Million In Revenue While Mining 460 Bitcoin In June

Riot Platforms, a leading Bitcoin mining and data center hosting company, has announced its unaudited production and operations updates for June 2023. Despite challenging conditions due to extreme heat and high power demand in Texas, the firm was able to mine 460 BTC while significantly leveraging its power strategy.

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‘Extreme demand’ for BTC at $20K creating new support levels: Glassnode

The latest analysis by Glassnode suggests that the worst of the sell-offs could be concluded, but the market still needs time to recover.

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Defi Venture XFai Reveals Liquidity Generation Event, Project Backed by Angel Investor Roger Ver

Decentralized finance (defi) has seen extreme demand and innovative use-cases during the last 12 months. Defi oracles, decentralized exchange (dex) platforms and automated money makers (AMM) have swelled in value, as statistics show over $43 billion is locked into defi protocols today.

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More Gains for Bitcoin Ahead as Natixis Predicts Dollar Declines

The starting point for the Bitcoin market’s recent declines is the prospect of faster-than-expected economic growth in the United States, thanks to the extreme fiscal expansion and a recent rebound in job growth to pre-pandemic levels, which has boosted the bond yields and, in turn, accelerated demand for the US dollar in foreign markets. But […]

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Extreme Bitcoin, Ethereum Demand Add Fuel to Crypto Bull Run

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What Happens to Bitcoin After Big Short-Term Correction? On-Chain Analyst Explains

The price of Bitcoin dropped below $16,400 on the day following a massive short-term correction. On-chain analyst Willy Woo attributed the pullback to an overheated bull run. Before the pullback happened, the Bitcoin derivatives market showed signs of extreme buyer demand.

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On Five Extreme Bitcoin Price Predictions by Experts Driving up Demand

Hundreds of predictions were made after Bitcoin hit a yearly-low and broke multiple-year-old support points to trade at less than $4000 in March. Out of the hundreds of forecasts, a few of them were quite extreme considering the current trading price of the digital asset and the monthly price growth. In one of the predictions, […]

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Bitcoin Poised for a Run at $8k Says Trader but Extreme Low Volume Not a Positive Trend

Four days into 2020 and Bitcoin saw a surge of 8% where it went from $6,850 to above $7,400. As we reported, Bitcoin spiked in value just like gold which was because of the geopolitical tensions in the Middle East after the US airstrike killed Iranian general Qaseem Soleimani that pushed the demand for safe-haven […]

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Terrorists Demand Bitcoin from Russian Railways After Bombing Threats

An anonymous message was recently received by the Russian Railways threatening to blow up stations if 50 bitcoins aren’t handed over. Police are investigating the matter. An anonymous entity is threatening Russian Railways with extreme violence if they do not forfeit 50 BTC.

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Crypto Could Experience More Fiat Influx; Here’s Why

The global economy faces a new series of extreme interest rate reductions, potentially driving the demand for more volatile crypto assets. With fiat assets racing toward lowered interest rates, crypto may also be seen as a store of value.

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Institutional Crypto Demand Abounds Despite Volatility and Regulatory Woes

Bitcoin and the aggregated crypto markets have been incurring extreme volatility as of late which has caused many analysts and investors alike to question the longevity and long-term significance of the recent bull run that has ensued for the past several months.

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The World’s Biggest Crypto Exchange is Testing a British Pound Stablecoin

By CCN: Binance CEO Changpeng Zhao let the cat out of the bag on Twitter late last night: Binance is launching its own stablecoin. Binance’s Last Mile: Its Own Liquidity Market? A user hoped to see a true stablecoin, pointing out that all of the existing options were down at least 2%.

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Op Ed: Bitcoin Is Turning Left vs. Right Into Big Data vs. Privacy

The political spectrum is usually divided into four main categories: libertarian left, authoritarian left, libertarian right and authoritarian right. Those on the left prefer a more controlled economy, while those on the right have a preference for free markets.

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Bitcoin Price Analysis: Keep an Eye Out for a Close Above the Current High

Shortly after falling from its test of the low $4,000s, bitcoin managed to find support in the mid $3,500s. This has proven to be a relevant level over the last few months, and finding support here would be a sign of relatively strong demand:Figure 1: BTC-USD, Daily Candles, Local SupportThe high candle spread rejection following our test of the low $4,000s was an indication that we had strong levels of supply left in the market, but for the time being we are holding support.

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Report: Despite Price Volatility Blockchain and Crypto Jobs Are In Demand

Glassdoor Economic Research is delivering much needed good news to the crypto community saying that despite extreme price volatility and regulatory uncertainty, the number of crypto jobs in the blockchain and cryptocurrency sector has risen by 300 percent since the same time last year.

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Malta-based STASIS Launches New Euro-Backed Stablecoin

Malta-based tokenization platform STASIS has launched EURS, a stablecoin backed by the Euro. EURS, aiming to be the biggest "fully verified and collateralized stablecoin" in the world, launched with a $100 million pre-launch order book which is expected to hit $500 million by year’s end.

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EU’s Report on Cryptocurrencies: Says Officials “Should Not Ignore” Them

The EU’s Policy Department for Economic, Scientific and Quality of Life Policies released a report entitled “Virtual currencies and central banks monetary policy: challenges ahead.

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