Author: Ethan Carter
Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.
Veteran chartist Peter Brandt kicked off a new technical conversation on X by sharing two annotated charts—one showcasing today’s Bitcoin daily bars and the other from the Chicago Board of Trade soybeans in 1977. He suggests that the cryptocurrency might be forming a broadening top similar to the historical commodity pattern that preceded a 50% decline. “In 1977, soybeans created a broadening top and subsequently dropped 50% in value,” Brandt stated. “Bitcoin is currently exhibiting a comparable pattern. A 50% decrease in $BTC would leave MSTR underwater. Whether I’m right or wrong, you have to acknowledge that this old guy…
Bitcoin might still be poised to hit $200,000 by year-end, despite a historic $19 billion market liquidation and renewed tariff threats from US President Donald Trump, according to Geoff Kendrick, Standard Chartered’s global head of digital assets research.The crypto market faced an unprecedented $19 billion liquidation event over the weekend of October 10, leading to Bitcoin’s (BTC) price dropping to a four-month low of $104,000 by Friday, as reported by Cointelegraph.As investors regroup after this significant liquidation, some may view the situation as a buying opportunity. Kendrick suggests this could spark a Bitcoin rally to $200,000 by the end of…
Large bitcoin holders are transferring coins into spot exchange-traded funds through in-kind creations, transforming off-platform BTC into brokerage-account assets that can be used for borrowing or estate planning, as reported by Bloomberg on Tuesday.This shift is based on a summer policy update.On July 29, 2025, the U.S. Securities and Exchange Commission (SEC) announced it would permit in-kind creations and redemptions for crypto-asset exchange-traded product (ETP) shares, impacting spot bitcoin ETFs.The agency indicated this was a departure from previous cash-only approvals for spot bitcoin and ether, aligning instead with established practices for commodity ETPs.According to the SEC, authorized participants can deliver…
Bitcoin remains on a potential path to $200,000 by the year’s end, despite a historic $19 billion market liquidation and fresh tariff concerns from US President Donald Trump, as noted by Standard Chartered’s global head of digital assets research, Geoff Kendrick.Over the weekend of October 10, the crypto market faced an unprecedented $19 billion liquidation, leading Bitcoin’s (BTC) price to plunge to a four-month low of $104,000 by Friday, according to Cointelegraph.As the situation stabilizes post-liquidation, investors might see this as an opportunity to buy. Kendrick suggested that this could trigger a Bitcoin surge to $200,000 by the end of…
The Fear and Greed Index has remained in the “fear” zone for seven straight days. This scenario, combined with a bitcoin BTC$107,725.51 price hovering between $103,000 and $115,000 for nearly two weeks, may suggest a phase of extended anxiety in the crypto market.This index gauges market sentiment from 0 (extreme fear) to 100 (extreme greed), highlighting the emotional behaviors that frequently lead to irrational decisions: fear during drops and greed amid rises. Currently, it registers at 24, according to Coinglass.Historically, long stretches of fear often align with local bottoms as sellers tire, while levels of excessive greed tend to signal…
Main Insights:Bitcoin’s MVRV ratio dipping below its 365-day average indicates a local bottom, historically leading to significant price surges.Analysts suggest that a shift in capital from gold could stimulate Bitcoin’s recovery.Bitcoin (BTC) may be on the verge of a prolonged resurgence in the upcoming weeks, as a crucial valuation indicator provides a bullish outlook. Crypto analysts suggest that the BTC market could be establishing a “cyclical bottom.”Bitcoin’s MVRV metric indicates a “local bottom”The Market Value to Realized Value (MVRV) ratio of Bitcoin, which assesses whether the asset is overpriced, has recently fallen below its 365-day moving average, signaling that BTC…
Key insights:A drop in Bitcoin’s MVRV ratio below its 365-day average indicates a potential local bottom, historically leading to significant price surges.Analysts suggest that a shift of capital from gold could drive a Bitcoin recovery.In the upcoming weeks, Bitcoin (BTC) appears set for a robust recovery, as a crucial valuation indicator offers a positive outlook. Crypto analysts suggest the BTC market may be finding a “cyclical bottom.”MVRV metric indicates a “local bottom” for BitcoinThe Market Value to Realized Value (MVRV) ratio of Bitcoin, which assesses the asset’s valuation, recently fell below its 365-day moving average. This suggests that BTC might…
Following four consecutive sessions dominated by redemptions that withdrew over $1.2 billion from spot Bitcoin ETFs, US issuers experienced a significant turnaround on Oct. 21, attracting $477.2 million in new investments. This marked the first positive outcome since Oct. 14 and represented the largest single-day net increase in two weeks. Leading this recovery, BlackRock’s IBIT recorded +$210.9 million, trailed by ARK Invest’s ARKB (+$162.9 million) and Fidelity’s FBTC (+$34.1 million). Additional smaller inflows came from Franklin’s EZBC (+$8.9 million) and Invesco’s BTCO (+$6.5 million), while Grayscale’s GBTC continued to see losses of -$13.9 million. This rebound helped reduce the total…
FalconX, a prime broker for digital assets, has reportedly agreed to acquire 21Shares, a crypto asset management firm, according to a Wall Street Journal article published on Wednesday.The undisclosed terms of the deal will enable FalconX to broaden its services beyond market making and liquidity, moving into the issuance of crypto exchange-traded funds (ETFs), an area seeing significant institutional cryptocurrency adoption.STORY CONTINUES BELOWDon’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newslettersSign me upBy signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.21Shares, based in…
Hong Kong has given the green light to its first Solana spot exchange-traded fund (ETF), making it the third crypto spot ETF approved by the city, following Bitcoin and Ethereum.On Wednesday, the Hong Kong Securities and Futures Commission (SFC) approved the China Asset Management (Hong Kong) Solana ETF, which will be listed on the Hong Kong Stock Exchange, according to a report by the Hong Kong Economic Times.The product will feature both RMB and USD counters, allowing trading and settlement in either currency. Each trading unit will comprise 100 shares, with a minimum investment of around $100. The fund is…