Articles for tag: Bitcoin, cryptocurrency trends, Ethereum, market support levels, price analysis, Ripple, Volatility

Market News

Analysts Expect Bitcoin to Surpass $100k Amid Red Flags: Unlocking Potential Growth for Investors

Bitcoin’s recent surge past the $100,000 mark has sparked lively debates among analysts about future Market trends. While some indicators suggest that more gains are possible, others warn of potential pitfalls. For instance, VanEck’s Matthew Sigel mentions low MVRV Z-Scores and steady Market dominance as reasons to stay optimistic, despite rising funding rates. Conversely, Glassnode’s ...

Market News

Bitcoin Whales Hold Firm: On-Chain Data Shows Investors’ Long-Term Confidence in Cryptocurrency’s Future

Bitcoin has experienced volatility after nearing the $100,000 milestone, hitting a peak of $99,800 before retracting to around $96,700. Despite this dip, demand remains strong, with key investors holding onto their assets, indicating confidence in Bitcoin’s potential growth. Analysts are monitoring Bitcoin’s ability to maintain this support level, as a failure to do so could ...

Market News

Despite market volatility, equity mutual funds saw record inflows, boosting investor numbers towards a historic 50 million milestone.

Despite market volatility, equity mutual funds saw record inflows, boosting investor numbers towards a historic 50 million milestone.

Equity mutual funds (MFs) in India are experiencing remarkable growth, with inflows reaching Rs 37,113 crore in July, the second-highest monthly total ever. The investor base is expected to surpass 50 million by September, with over 10 million new investors joining in just a year. This surge is fueled by a strong equity Market performance ...

Market News

The Nifty 50 Index shows a bullish trend but risks profit booking; the MidCap faces volatility after a failed breakout.

The Nifty 50 Index shows a bullish trend but risks profit booking; the MidCap faces volatility after a failed breakout.

The Nifty 50 Index is showing a bullish trend, with resistance expected at 26,000 and indicators suggesting an overbought condition. Traders are advised to book profits at higher levels and wait for a pullback to key support levels at 25,300, 25,100, and 24,800 before making new bullish positions. In contrast, the Nifty MidCap Select Index ...

Market News

Cryptocurrency for Dummies: Your Simple Guide to Getting Started

If you’ve been paying attention to financial news lately, you’ve probably heard a lot of buzz around cryptocurrency. But what exactly is cryptocurrency, and how does it work? More importantly, how can you get started investing in this exciting new asset class? In this beginner’s guide, we’ll break down the fundamentals of cryptocurrency and provide ...

Market News

Is Bitcoin’s Rally Over for 2024?

As a seasoned Bitcoin analyst, I’ve been closely monitoring the cryptocurrency’s performance throughout 2024. The year started with a bang, as Bitcoin surged to a new all-time high of over $73,700 in March, fueled by the SEC’s approval of Bitcoin spot ETFs. This development opened the door for more institutional investors to enter the market, ...

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