Billionaire hedge fund pioneer Paul Tudor Jones sees bitcoin leaping above $20,000. The Tudor Investment Corporation founder compared the decade-old cryptocurrency with the gold market in the 1970s. The yellow metal’s fractal hinted at bitcoin rising about 100 percent after it closes above its all-time high. Famed hedge fund manager Paul Tudor Jones believes Bitcoin…
DetailsEtheruem surged higher Thursday alongside Bitcoin as a prominent hedge fund tycoon declared he would invest in bitcoin futures. The ETH/USD exchange rate eyed an extended move to retest its local top near $226. With halving coming on May 12, the pair could rise further owing to its positive correlation with Bitcoin. But there are…
DetailsBitcoin enjoyed an impressive rally over the past 60 hours. The flagship cryptocurrency rose by nearly 13%. The sudden upswing allowed it to jump from a low of $8,900 to test the psychological $10,000 resistance level. Throughout the upward move, over $23 million worth of BitMEX short positions were liquidated as all previous bearish calls…
DetailsThe crypto industry was thrilled to learn that legendary macro investor Paul Tudor Jones gave Bitcoin and honorable mention within one of this latest market outlook reports. In this report, he explained to investors that he believes Bitcoin will likely be the big winner of the mass inflation resulting from the loose monetary policies being…
DetailsBitcoin’s halving is less than one week away. The crypto asset is trading at the top of a multi-year chart formation. And tonight is the Full Flower Moon. Is the stage set for a major halving-fueled Bitcoin breakout during tonight’s full moon? Stars Align For Major Cryptocurrency Breakout Bitcoin price is currently trading at over…
DetailsBitcoin price just touched over $9,500, while altcoins have set new lows on their BTC trading pairs. Amidst the crypto confusion, a highly reliable indicator just gave a mixed bag of signals that has only added to the usual state of the cryptocurrency market. Crypto Market Assets Appear to Be Deviating in Correlation Cycle The…
DetailsJust five days out from the Bitcoin block reward halving, analysts are buying coins en-masse in preparation for more upside. The cryptocurrency topped $9,750 just minutes ago for the first time since March, setting a new local high just shy of $9,800. With this, BTC is up 4% from ~$9,400 in the past 24 hours,…
DetailsXRP, the native altcoin asset powering the Ripple cross border payments protocol, just set a new bear market low on the BTC trading pair, following nearly a year of consolidation. What exactly does this mean for the third-ranked crypto asset and how much further could this drop extend? Ripple Consolidates For Over 250 Days At…
DetailsBitcoin has seen some immense volatility throughout the past few days. This has primarily favored the crypto’s buyers, as it is quickly navigating up to a massive multi-year resistance region that may be difficult to surmount. In the near-term, which direction the cryptocurrency trends in could be largely centered around how it responds to its…
DetailsEthereum has been showing some unprecedented signs of weakness in recent times. This can be seen clearly while looking towards the cryptocurrency’s BTC trading pair. It does appear that in the near-term, the crypto is at risk of seeing a sharp decline as it struggles to remain steady above the support that exists around $200.…
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