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A widely followed analyst and trader who accurately predicted the bottom for Bitcoin (BTC) in 2018 says the crypto king is primed to go higher after a recent correction. The trader and analyst pseudonymously known as Bluntz tells his 326,100 followers on the social media platform X that Bitcoin is likely done correcting after falling below the $116,000 price level. “Send it.” Source: Bluntz/X Looking at the trader’s chart, he seems to suggest that Bitcoin’s ABC correction is done and BTC is now targeting new all-time highs at $127,000. Bluntz follows the Elliott Wave theory, which states that a bullish asset tends to witness a new uptrend after completing an ABC correction. Bitcoin is trading at $117,262 at time of writing. Next up is the Bonk (BONK) memecoin. According to the widely followed analyst, BONK is “holding up remarkably well” amid a Bitcoin correction. Bluntz suggests BONK has completed an ABC-wave pattern to the downside a...

A widely followed trader believes that a layer-1 decentralized exchange (DEX) altcoin is gearing up for rallies to new all-time highs. Pseudonymous analyst Altcoin Sherpa tells his 248,500 followers on the social media platform X that he thinks Hyperliquid (HYPE) looks very strong despite the recent marketwide correction. The trader sees HYPE consolidating close to the highs for now before igniting a fresh leg up en route to a new record high. “HYPE has insane strength right now, this one got bought up quickly. wouldn’t be surprised to see a bit more chop around here but $50+ is destined, even in these crazy times.” Source: Altcoin Sherpa/X At time of writing, HYPE is worth $40.44. While Altcoin Sherpa is bullish on HYPE, he says he’s bearish on two Solana (SOL)-based memecoins. The trader notes that dogwifhat (WIF) and Popcat (POPCAT) are both in the midst of a downtrend and may drop to much lower levels if BTC fails to print new all-ti...

Ethereum (ETH) has struggled to gain momentum lately. The asset failed to generate traction despite the US SEC approving ETH ETFs last year. Bitcoin (BTC), on the other hand, hit a new all-time high after the launch of its ETFs in the US. ETH is down by 1.4% in the daily charts, 5% in the weekly charts, 3.6% in the 14-day charts, and 11% over the previous month. Despite the dip, the asset has maintained some gains in the yearly charts, rallying 37.4% since January 2024. Source: CoinGecko Also Read: Top 3 Cryptocurrencies You Should Watch This Weekend Ethereum To Hit A New All-Time High? Source: Forbes ETH is down by 32.8% from its all-time high of $4,878.26. The asset hit its peak in November 2021. According to prominent cryptocurrency analyst Ali Martinez, ETH follows an ascending parallel channel. The analyst believes the $2800 level could push the asset to $6000, a new all-time high. Hitting $6000 from current price levels will entail a rally of about 82.8%. Also Read: Ethereum Pric...

A widely followed crypto trader is issuing a warning on two artificial intelligence (AI)-based altcoins, saying that history shows a 50% drop would be the best-case scenario for them. In a new thread on the social media platform X, pseudonymous crypto analyst Altcoin Sherpa tells his 237,500 followers on the social media platform X that AI-focused projects ai16z (AI16z) and Zerebro (ZEREBRO) being listed on Binance futures is likely a sell-on-news event. According to Sherpa, recent history shows that when assets are listed on Binance futures, they tend to see sharp decreases in price. The trader cites memecoins Fartcoin (FARTCOIN), Just a chill guy (CHILLGUY), Moo Deng (MOODENG), Goatseus Maximus (GOAT) and Peanut the Squirrel (PNUT) as examples. “I own both ai16z and Zerebro and they’ll be listed on Binance futures. Recent history shows that this is NOT a bullish event and you can generally expect anywhere from -50% retrace (FARTCOIN) as the best-case...

The Sui blockchain saw major gains after Copper’s USDC integration, with SUI hitting a new all-time high of $4.40. The cryptocurrency market volatility worked in SUI’s favor as the layer-1 platform gained 16% in 24 hours. This showed strong blockchain scalability with the market cap reaching $12.3 billion. The move helps reduce crypto security risks and brings more institutional investors to Sui’s growing ecosystem amidst rising cryptocurrency market volatility. USDC on Sui now has the support of @CopperHQ’s enterprise-grade custody infrastructure, adding even more momentum to Sui’s top 10 DeFi ecosystem! https://t.co/wmCoc1vm96 — Sui (@SuiNetwork) December 5, 2024 Also Read: Ripple’s XRP Joins Nasdaq Worksport’s $5M Crypto Treasury Shift How Copper’s USDC Support Impacts the SUI Price and Blockchain Scalability Source: Blog.sui.io Copper USDC Integration Enhances Institutional Infrastructure Copper’s USDC integration brings professional-grade tools ...

The world’s largest cryptocurrency, Bitcoin (BTC), caught the attention of many despite the ongoing buzz around the US elections. The king coin finally managed to hit a new all-time high after teasing its investors for quite some time. BTC registered a new peak of $75,011.06. Investors’ bets that former President Donald Trump was winning the U.S. election as the results came in were tied to the most recent rise. Also Read: BRICS Give Update on Payment System: Target US Dollar in 2025 Will Bitcoin Continue This Hot Streak? At press time, following a slight setback of 0.65% the king coin was trading at $74,485.00. It should be noted that BTC soared by 9.02% over the past 24 hours. Bitcoin went from trading at a low of $68,287 to a high of $75,011. Source Bitcoin witnessed a major spike in its daily volume. The asset rose by nearly 100%, and its trading volume currently stands at $79.30 billion. The overall market sentiment remains bullish, with 74% of 413842 individuals stayin...

The crypto market has faced some notable ups and downs so far in August. Now, the leading meme coin is predicted to potentially make a splash in the coming weeks. Specifically, traders have noted that Dogecoin could be set to make history, with $0.13 standing between DOGE and a new all-time high. The asset has performed very well in the last week. Specifically, the last seven days have seen the aset surge almost 11%, according to CoinMarketCap. Since this time last year, the asset has increased more than 38% to reach its current $0.106 level. Yet, there could be much more on the way. Also Read: Dogecoin Surges 7% as Traders See Pathway to $1 DOGE Dogecoin Eyes $1 as Traders Expect DOGE to Make History in 2024 The first Monday in August was a dark one for crypto. The market saw a massive crash occur driven by notable sell-offs. Derived from geopolitical concerns, US recession fears, and a stock market plummet, plenty of crypto’s were left in a dire state. However, many have begun t...