Altcoin News Daily Official TheBitTimes.com

Bitcoin briefly spikes above the $38,000 mark as a new low-timeframe BTC price battle breaks out. Bitcoin (BTC) bulls kept the pressure on 18-month highs on Nov. 24 as analysis eyed buyer interest spiking. BTC/USD 1-hour chart. Source: TradingView Bitcoin fights for new 18-month high Data from Cointelegraph Markets Pro and TradingView showed the BTC price trajectory heading upward into the Wall Street open. The largest cryptocurrency saw increasing momentum during the Asia trading session, this nonetheless with its roots on derivatives markets. Following the action, popular trader Skew confirmed that a single entity was likely behind the latest charge on $38,000. “Some buyer probably single buyer is trying to push the market higher here ~ clear correlation between spot & perp CVDs / Delta,” he wrote in part of his latest post on X (formerly Twitter.) $BTC Update Looking like there's some direction buyer again here on binance - they're bidding spot & opening a long S...

Bitcoin recaptured a key price level and a handful of altcoins look poised to breakout. The S&P 500 Index soared 5.85% last week, its best performance since November 2022. A large part of the gains were fuelled by expectations that the Federal Reserve will not hike rates anymore.  In comparison, Bitcoin (BTC) had a much muted performance with a rise of approximately 2%. However, a positive sign for cryptocurrency investors is that a risk on sentiment is likely to benefit the crypto space. Crypto market data daily view. Source: Coin360 Bitcoin’s rise attracted investments in several beaten-down altcoins, which are rising from their long-term slumber. If Bitcoin does not collapse, the recovery may spread to coins that have still not participated in the rise. Even as Bitcoin enters a range, select altcoins are showing signs of moving higher. Let’s look at the charts of the top-5 cryptocurrencies that may extend their rally in the next few days. Bitcoin price analysis Bitcoin contin...

LINK price pulled off a shocking double-digit rally over the past week, but exactly what is behind the move? The Chainlink’s (LINK) token surged by a substantial 61.3% from Oct. 20 to Oct. 25, reaching a peak of $11.78 and marking its highest point since May 2022. LINK price then stabilized around $10.50, prompting investors to question the sustainability of this new price level. Chainlink (LINK) token price, 12-hour, USD. Source: TradingView It's worth noting that this surge coincided with Bitcoin's (BTC) 23% gain during the same period. However, LINK's performance stands out in comparison to Ether's (ETH) 14% increase and Solana's (SOL) 28% rally, suggesting increased bullish sentiment toward Chainlink's leading oracle and decentralized computing solutions. Chainlink partnerships and integrations back the rally Several recent developments have contributed to LINK's outperformance of its peers. Notably, the announcement of Chainlink's upcoming native...

Bitcoin is showing renewed strength and targeting yearly highs. Will altcoins follow suit? October is proving to be a solid month for Bitcoin (BTC) as the price is nearing the 2023 high at $31,805. Generally, major resistances are not cleared in the first instance as the bears come out in full force to guard the level. Therefore, a minor dip is to be expected, but that should not be considered as the start of a negative sentiment. Buyers regroup at lower levels and try to form a higher floor. That triggers further buying and starts a rally. This is a possibility in Bitcoin but risks remain. While the cooling of the United States dollar index (DXY) is a positive sign, the weakness in the S&P 500 Index (SPX) is a negative sign. Daily cryptocurrency market performance. Source: Coin360 Another risk to the rising cryptocurrency markets could come from the surging 10-year Treasury yield which once again rose above 5%. The rise in the yields show that the market participants are losing h...

BitMEX founder Arthur Hayes expects Bitcoin to be $750,000 by 2026. Here’s how and why. Love him or hate him, when Arthur Hayes speaks, people listen.  Last week, as a guest on Impact Theory with Tom Bilyeu, Hayes made the case for why he believes Bitcoin (BTC) price will hit $750,000 to $1 million by 2026. Hayes said, “I absolutely agree that there is going to be a major financial crisis, probably as bad or worse than the great depression, sometime near the end of the decade, before we get there we’re gonna have, I think, the largest bull market in stocks, real estate, crypto, art, you name it, that we’ve ever seen since WW2.” Hayes cites the nearly-predictable response of the United States government rushing in to intervene in every economic crisis with a bail out as a key catalyst behind the structural problems in the US economy. He explained that this essentially creates an endless cycle of central bank printing, which leads to inflation and prevents the economy from going throug...

The US Commodity Futures Trading Commission (CFTC) has shut down Kalshi’s predictions market that enabled wagers on whether Republicans or Democrats would win a majority of Congressional seats, reasoning that such a predictions market would operate “contrary to the public interest.” This order continues a pattern of regulatory pressure on prediction markets. Throughout US history, almost all prediction markets that wade too far into the waters of politics or gambling ended up shuttering or fading into obscurity amid government intervention. In their new order, commissioners explained that the platform operated by KalshiEx LLC would permit unlawful betting. They also cast a dim view on many predictions markets based on election outcomes. The US Commodities Exchange Act (CEA) section 5c(c)(5)(C)(i) empowers the CFTC to determine that contracts in certain commodities “are contrary to the public interest if the contracts involve: (1) activity that is unlawful under any Federal or State...

Bitcoin is a bargain for some at current levels, but downside BTC price predictions remain firmly on the agenda. Bitcoin (BTC) circled lower after the Sep. 21 Wall Street open as $20,000 BTC price predictions resurfaced. BTC/USD 1-hour chart. Source: TradingView Bitcoin analysis: Hype, FOMO and a "slow grind" to $28,500 Data from Cointelegraph Markets Pro and TradingView covered a lackluster 24 hours for BTC price action, with $27,000 fading from view. The aftermath of the United States Federal Reserve interest rates pause offered little for Bitcoin bulls, BTC/USD having dipped almost $700 the day prior. Now, market participants returned to a more conservative outlook in the absence of tangible volatility. “Something like this over the course of October would be perfect i would say,” popular trader Crypto Tony told X subscribers. “Slow grind up to $28,500, followed by hype and FOMO, to then dump it once more.” BTC/USD annotated chart. Source: Crypto Tony/X Monitoring resou...

"Highly elevated" CPI numbers due in hours as one theory suggests that there is already no more room for Fed rate hikes. Bitcoin (BTC) rebounded from overnight lows on July 13 as Markets nervously waited for United States Inflation data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Countdown to “highly elevated” inflation reveal Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing from $19,250 to $19,900 at the time of writing, up 3.3% on the day. With three hours to go until the release of Consumer Price Index (CPI) data for June, crypto markets showed little sign of advance volatility. Previously, the U.S. government had warned that the CPI figures were expected to be “highly elevated,” with unofficial projections from other sources indicating a year-on-year inflation increase of nearly 9%. NEW #inflation record high on the year! At least that's what I'm now forecasting for June CPI, released in 5 days I forecast 8.8% year over...

LINK, FIL, SNX and THETA are starting to look bullish right as Bitcoin prepares for a volatile price move. Bitcoin (BTC) is struggling to rise above the overhead resistance at $31,000 but a minor positive is that the bulls have not allowed the price to dive below the $29,500 support. This suggests that a catalyst may be needed for the price to break out from its range. On the macroeconomic front, the Federal Reserve’s meeting on July 25 and 26 is an important event to keep an eye on. The FedWatch Tool shows a 99.2% probability of a 25 basis point rate hike in the meeting. If that happens, the markets may not witness a knee-jerk reaction as the hike seems to have been priced in. However, any surprise move by the Fed could thrust the price out of the range. Crypto market data daily view. Source: Coin360 Several analysts expect the range to break soon but there is no consensus on the direction of the breakout. If the price breaks below the range, analysts expect a significant downside. ...

Bitcoin looks primed for a "liquidity hunt" to $35,000, but not everyone is convinced that BTC price upside will last beyond July. Bitcoin (BTC) gained 12% in June, but one forecast sees the good times soon fading for bulls. In a tweet on July 1, popular trader CryptoBullet admitted that July might not offer much more BTC price upside. Trader: BTC price rally "likely" ending this month Despite a last-minute dive thanks to a macro news event, Bitcoin managed to close out the month of June in a solid position. Data from Cointelegraph Markets Pro, TradingView and CoinGlass confirms that the monthly close came in at $30,465 on Bitstamp. BTC/USD 1-hour chart. Source: TradingView Those levels continue to hold into the weekend, with the past month marking Bitcoin’s best June performance since 2019. July, by historical standards, looks even better — throughout its history, BTC price action has never lost more than 10% during that month. BTC/USD monthly returns (screensho...