Markets | Amazing Crypto

Analysts Are Gloomy About Bitcoin’s Short-Term Price Outlook Right Now

Some are now forecasting an extension of Monday’s 20% price drop as more bitcoin moves onto exchanges and institutional demand cools.

Getting to 10% of gold’s market cap would mean that each bitcoin costs $154,000, says CryptoQuant.

The ETF is planned to be listed on the Toronto Stock Exchange (TSX) under the ticker “BIT.U.”

Global head of commodities research Jeff Currie believes the amount of institutional money in bitcoin needs to grow to mature the asset.

DeFi tokens and altcoins move high as Bitcoin price finds resistance near $35,000.

The mea culpa was mum on Coinbase’s broader troubles in keeping global trading running smoothly.

Bitcoin futures and options indicators remained stable during the 26.5% crash, a signal that the harshest part of the BTC correction may be over.

Bitcoin and ether may be pulling back from their all-time highs but alternative cryptos are starting to see action.

Bitcoin’s price has ridden a roller coaster on lower spot volume while options traders are ready to bet on ether FOMO.

Strong fundamentals and new offerings explain why IOST, Horizon (ZEN) and Avalanche (AVAX) rallied higher as Bitcoin price pulled back.