Bitcoin is more likely to soar to a new $110,000 all-time high on easing monetary policy than to stage another correction below $77,000.
Quantitative Easing News
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While Bitcoin may experience a retracement to $70,000, this remains part of an organic “correction within a bull market,” Nansen analysts told Cointelegraph.
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The government says the tax debt will be slashed by 50% in response to a prorated drop in cryptocurrency prices after the obligations were set.
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Ether's supply across whale addresses has dropped consistently since March 2020, offset by greater retail interest.
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A political deadlock looms over the U.S. debt ceiling and its potential impact on the price of Bitcoin, which is already up 75% in 2023.
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The U.S. central bank’s liabilities may increase if more regional banks fail, creating an upside scenario for the price of Bitcoin.
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Bitcoin is working as a hedge against inflation despite its 2022 weak price performance, says Steven Lubka, managing director of private clients at Swan Bitcoin.
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Ether’s price rebounded by nearly 400% after its RSI turned oversold the last time. Will this time be different?
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What will happen to the crypto markets when quantitative tightening takes full effect and the Federal Reserve shelves the money printer?
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Strong euro and overbought readings could pressure the dollar further, showing signs of topping out — Bitcoin at risk of falling.
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Bitcoin's correlation with stocks has risen to alarming levels, according to some market analysts.
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ETH/BTC could reach 0.10 this year as the market anticipates Ethereum's proof-of-stake switch.
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If nation-states held their reserves in Bitcoin, instead of fiat, they would be less incentivized to go to war, says chief strategy officer at the Human Rights Foundation, Alex Gladstein.
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But a near-perfect correlation between Avalanche and Bitcoin so far this year could spoil the bullish outlook.
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The statement appears as Jerome Powell keeps the door open for a 0.5% rate hike in the summer and Fitch Ratings warn about a major slash in the U.S. gross domestic product (GDP).
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