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.
Crypto investors who have been sitting out the Bitcoin market this year might have another opportunity to accumulate, as a crypto analyst forecasts that Bitcoin could drop by as much as 70% in the next bear market.Nevertheless, opinions among crypto analysts are divided about Bitcoin’s future direction. Some believe a bear market is still quite a distance away, while others anticipate it could arrive sooner than expected.“I would suggest a potential 70% drawdown from whatever the all-time high ends up being,” Cowen mentioned to Kyle Chasse in an interview released on Thursday, referencing earlier bear market cycles where Bitcoin (BTC)…
Investors who have stayed away from Bitcoin this year may have a new opportunity to buy in, as a crypto analyst forecasts that Bitcoin could drop by as much as 70% during the next bear market.However, opinions among crypto analysts vary on Bitcoin’s future trajectory. Some believe a bear market is still a long way off, while others anticipate it might happen sooner than expected.“I would estimate a potential 70% decline from whatever the all-time high ends up being,” Cowen mentioned to Kyle Chasse in an interview released on Thursday, noting that past bear market cycles have seen Bitcoin (BTC)…
Key takeaways:ChatGPT enhances crypto analysis by processing data, summarizing sentiment, and creating strategic templates.Traders utilize it for practical activities like bot creation, technical analysis, and backtesting scenarios.It supplements — rather than substitutes — human judgment and is most effective in conjunction with tools like TradingView.Major drawbacks include inconsistent real-time data access and dependence on precise prompts and human supervision for accuracy.The cryptocurrency market functions at a pace and magnitude that no individual can entirely grasp. Every minute, thousands of data points arise from news outlets, social media, on-chain metrics, and technical diagrams. For the contemporary trader, the key issue is…
On their first day of trading, investors rushed into the Dogecoin and XRP exchange-traded funds in the US, exceeding analysts’ volume predictions.Bloomberg ETF analyst Eric Balchunas stated on X that typical new ETFs average around $1 million in trading volume, but these new crypto funds demonstrated robust performance, amassing a total of $54.7 million in trades for the day.On Thursday, asset issuers REX Shares and Osprey Funds launched ETFs that track the prices of the third-largest cryptocurrency, XRP (XRP), and the eighth-largest cryptocurrency and leading memecoin, Dogecoin (DOGE).Balchunas remarked that the high trading volumes indicate a “good sign for the…
Cardano’s ADA has surged 12% over the last three days and is currently testing a crucial resistance level that has limited its upward movement since mid-August. This upward trend coincides with on-chain data indicating that short-term holders (STHs) have reduced their selloffs, alongside a rise in overall market demand for ADA. These factors could pave the way for a breakout beyond the $0.92 barrier.Sponsored Sponsored Cardano’s Rally Supported by Genuine Inflows An analysis of ADA’s Spent Coins Age Band (30d–60d) shows a steady decline since September 16, currently sitting at 47,230 ADA. For token technical analysis and market updates: Interested…
Essential Insights: ChatGPT enhances cryptocurrency analysis by digesting data, summarizing market sentiment, and generating strategic templates. Traders utilize it for various tasks, including bot development, technical analysis, and backtesting strategies. It supplements human decision-making rather than replacing it, working optimally alongside tools like TradingView. Notable constraints include inconsistent access to real-time data and the necessity for precise prompts and human oversight for accuracy. The cryptocurrency market operates at a velocity and complexity beyond the full grasp of any single individual. Every minute, multiple data points emerge from news outlets, social media, on-chain metrics, and technical charts. For contemporary traders, the…
Key takeaways:Solana is mirroring BNB’s rally for 2024–25, targeting a move above $295.A cup-and-handle pattern suggests SOL could reach an upside target of around $540.Solana (SOL) seems to be following a nearly identical chart pattern as BNB (BNB), indicating it might be poised for its own breakout.SOL price could spike 20% in the coming weeksA comparative analysis of SOL and BNB weekly charts reveals striking similarities over the past year, as noted by BitBull on Thursday.BNB/USDT and SOL/USDT weekly price chart comparison. Source: TradingView/BitBullSince early 2024, both BNB and Solana have shown almost identical market structures.Each experienced a sharp initial…
Bitcoin (BTC) is currently maintaining a level around $117,500, reflecting an increase of approximately 6.1% over the last two weeks. Recent insights from Binance indicate that the support for BTC’s current price is primarily coming from retail investors, with larger holders, or whales, noticeably absent. Bitcoin Steady at $117,500 with Strong Retail Participation As noted in a CryptoQuant Quicktake article by contributor Arab Chain, Bitcoin is hovering near the $117,500 mark, buoyed by significant inflows from retail investors. Interestingly, the complete lack of substantial whale inflows suggests that the market is predominantly driven by individual investors rather than large wallet…
Canada’s central bank is urging the establishment of a regulatory framework for stablecoins to modernize its payment system and keep pace with other nations advancing similar initiatives.“Even if you’re on the right track, you’ll get run over if you sit there,” stated Ron Morrow, the executive director of payments, supervision and oversight at the Bank of Canada, during a speech on Thursday at the Chartered Professional Accountants conference in Ottawa, Canada, a transcript of which is available on the central bank’s website.Morrow emphasized the need for federal and provincial regulators to develop a policy framework for stablecoins. “For stablecoins to…
Coinbase has introduced a new feature allowing users to earn higher yields on USD Coin (USDC) by lending through decentralized finance (DeFi). The exchange announced that the program offers annualized returns of up to 10.8%. This initiative represents Coinbase’s latest effort in DeFi during a period when stablecoins are gaining popularity among retail and institutional investors. Coinbase Doubles USDC Payouts With New Lending Option Coinbase’s lending option operates on Morpho, a DeFi protocol, which channels customer deposits into specialized vaults managed by advisory firm Steakhouse Financial. This process utilizes Base, Coinbase’s proprietary Layer 2 blockchain. According to DeFiLlama, Morpho now…