Author: cryptorecaps.com
Risk assets will likely rally if the TGA estimate is maintained at or lowered from the current $750 billion, one observer said. U.S. Treasury’s refinancing announcement, detailing the three-month borrowing needs and the balance to be held in the Treasury General Account, is due on May 1. The gross issuance of bonds is likely to decline for the first in two years, offering relief to markets. Risk assets will likely rally if the TGA target is maintained at or lowered from the current $750 billion. The past few weeks have been quite boring for crypto traders as bitcoin (BTC), the leading…
An AI model, trained on 370 on-chain indicators, predicted that Bitcoin’s price might touch new highs in just the next 30 days. BTC’s metrics suggested that selling pressure on the coin was low. Market indicators hinted at a few more less volatile days ahead. Bitcoin [BTC] continues to underperform over the last few days as it fails to go above the $65k mark. In the meantime, a deep learning model predicted something interesting as it suggested that BTC’s price might reach new highs in just the next 30 days. Bitcoin’s new ATH soon? According to CoinMarketCap, the last seven days remained pretty…
Bitcoin, BTC could hit $82810.13 in 2024 Bitcoin’s price prediction for the most bearish scenario will value BTC at $51467.20 in 2024. Bitcoin’s previous All Time High was on 14 March 2024 where BTC was priced at $73,738. Bitcoin’s price at the same time last week was $61328.90. It has moved by -0.98 % in the past week and is currently at $64,334. Infact, in the past 24 hours, BTC has pumped by 1.14 %. There is a slight bullish sentiment in the crypto market. The long term sentiment, however, remains bullish and BTC could hit $88278.23 in 2025. Courtesy
BIG MOMENT FOR CRYPTO!! Bitcoin Price – What Comes Next? Ethereum ETF + 3 Altcoins I like! https://www.youtube.com/watch?v=1BfuV4LDIMg
The SEC Attempts to ‘Seize Control of Ethereum’ with Crypto Crackdown https://www.youtube.com/watch?v=RlabSMOca-k
Transaction fees on Bitcoin decreased significantly after an initial spike. But that’s not all. Bitcoin fees dropped after the halving, reducing miner revenue in the process. Runes might cause a surge in activity on Bitcoin’s block space, and fees might spike again. Bitcoin [BTC] fees have been a major subject in the crypto market since the halving on the 20th of April. The day before the halving, the average fee on the Bitcoin network surged to $128. On halving day itself, the total fees paid to have a transaction processed on the 840000th block was a mind-blowing $2.40 million. This value…
The Ethereum Netflow could be key in determining ETH’s next dominant sentiment. Ethereum Open Interest has seen a slight increase recently. ETH has maintained the $3000 range despite poor runs. In the past few days, Ethereum’s [ETH] price has experienced some declines, but this isn’t the only notable change in key metrics. The Open Interest has also seen significant movements, and its next direction could significantly impact traders’ sentiment. Ethereum Open Interest sees a slight rise Recent data from CryptoQuant indicated significant changes in Ethereum’s Open Interest. AMBCrypto’s analysis of the Open Interest chart revealed a notable decline starting from around the 8th of April…
(Bloomberg) — A JPMorgan Chase & Co. indicator is flashing a resounding buy signal in US stocks, after it hit a threshold that typically precedes better-than-average gains. The bank’s US Tactical Positioning Monitor, which measures clients’ exposure to American equities, hit a level that reflects an “attractive set-up” for the S&P 500 Index, according to a note Wednesday from a team led by Andrew Tyler, JPMorgan’s head of US market intelligence. The stock gauge has historically gained around 3% in the subsequent 20 days after a similar four-week change in positioning, compared to a roughly 1% gain in all periods,…
Shares of Tesla (NASDAQ: TSLA) were surging today as investors looked past the weak first-quarter earnings report from the leader in electric vehicles (EVs). They were instead swayed by CEO Elon Musk’s insistence that the stock should be valued as an artificial intelligence (AI) and robotics company rather than an auto stock. Tesla also talked up its push into autonomous vehicles (AVs) and the robotaxi on the earnings call, as well as its upcoming more-affordable EV that some have dubbed the Model 2. With the stock down sharply this year, the comments were enough to encourage investors to lift the beaten-down stock price, which…
Since 2021, China stocks have been on a downward trend, prompting the government to implement a series of measures aimed at rejuvenating the market. In August 2023, the China Securities Regulatory Commission (CSRC) introduced a comprehensive set of initiatives designed to boost the flagging stock market. These measures included reducing stamp duty on stock trading, supporting corporate share buybacks, and promoting long-term investments. These efforts were followed by additional strategies, such as purchases of local ETFs by China’s state fund and a surge in share buyback and purchase plans by numerous listed companies, presumably aligning with Beijing’s directive to bolster…