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After a favorable period in the past months in which Shiba Inu (SHIB) has gained by more than 60%, a recent market turndown has impacted its progression, but not in a measure that should deter potential investors, according to one industry expert. The SHIB supply on cryptocurrency exchanges has recently experienced a notable decrease, reaching 7.58% on December 12. To provide context, this figure was nearly 9% in June of this year, per a post from crypto analyst Trader Kamikaze on X from December 12. “Less SHIB on exchange s generally means reduced selling pressure – setting the stage for potential gains.” Chart of decrease of SHIB supply on crypto exchanges. Source: Trader Kamikaze Reducing SHIB tokens available on trading platforms and shifting towards self-custody methods is generally considered a positive development for the meme coin’s valuation, as it removes immediate selling pressure. Contrarily, an increasing percentage of SHIB supply on exchange s may indica...

Ethereum (ETH) faces possible sell pressure, one crypto analyst says, citing how it surpassed the $2,300 mark. Whales have been actively taking profit , and this could trigger a massive sell pressure on the world’s second-largest crypto.  Ethereum price volatility  The price of Ethereum (ETH) has been positively impacted by the recent bullish momentum in the global crypto markets, fueled by Bitcoin’s (BTC) surge above the $43,000 price region. ETH maintains a distinctive market position attributed to its extensive developer community, widespread adoption, and pivotal role in decentralized finance (defi) and various blockchain applications. Despite the current positive momentum, there are apprehensions regarding the potential influence of selling pressure from whales on the cryptocurrency’s price.  According to crypto analyst Ali Martinez, whales immediately took profit s after Ethereum hit $2,300.  The impact of significant holders selling could potentially drive down...

Sentiment has been majorly bullish for Ethereum (ETH), particularly with the updates in the last two years. The cryptocurrency market expects a bull market by 2025, and investors are trying to predict its price for the next 24 months. However, predicting volatile cryptocurrencies’ prices poses a challenge, and analysts will often miss their targets. Long-term projections increase the risk of inaccuracy, so investors should regularly revise their estimates. Despite the challenges, Finbold turned to artificial intelligence (AI) tools and expert cryptocurrency traders to present a conservative Ethereum price prediction for late 2025. Meanwhile, ETH is trading at $2,050 per token by press time. ChatGPT bearish, neutral, and bullish ETH price predictions Therefore, ChatGPT-4 was prompted to give three conservative Ethereum price predictions for Q4 2025. One with a bearish bias, a neutral prediction, and a bullish forecast for last. Cryptocurrency Machine learning algori...

Bitcoin’s price action shows consolidation and significant volatility, focusing on the $38,000 resistance level and market sentiment indicators. How high can Bitcoin go? Bitcoin (BTC) has shown resilience and bounced back above $37k levels after declining to $35k levels on Nov. 15. BTC has maintained its bullish outlook despite a period of sliding price s influenced by the absence of significant developments in the spot Bitcoin exchange-traded fund (ETF) and other macroeconomic factors. Moreover, over the past few weeks, Bitcoin’s journey has been marked by a pattern of higher lows and higher highs, a characteristic of a bull phase in the crypto market. Greg Moritz of AltTab Capital remarks on the natural occurrence of pullbacks even in bullish markets, suggesting that the current scenario is a typical fluctuation within an overall positive trend​​.  Further bolstering Bitcoin’s position is the macroeconomic landscape, which presents interesting dynamics for...

Discover the risks associated with trusting Bitcoin price predictions in a fluctuating market. Bitcoin (BTC), the first and most widely recognized cryptocurrency, has witnessed a meteoric rise in both value and popularity since its inception in 2009. Its journey has been marked by extreme highs and lows, making it a focal point for investors and analysts alike. A key fact to consider is Bitcoin’s history of unpredictable price swings. For instance, in November 2021, Bitcoin reached an all-time high of nearly $69,000, only to plummet to $16,000 levels by the end of 2022. This dramatic rise and fall challenged many optimistic forecasts and showcased the asset’s unpredictability. Another significant aspect is the influence of external factors on Bitcoin’s price. Events such as regulatory announcements, technological changes, or macroeconomic shifts can have immediate and profound impacts on its value.  For example, in 2021, China’s crackdown on cryptocurrency mi...

BTC price liquidity is on the move as analysis says the Bitcoin "gameboard is changing" — another squeeze may result. Bitcoin (BTC) has new short-term BTC price targets as consolidation mixes with bouts of volatility. After a classic “short squeeze” took the largest cryptocurrency to near $36,000, Bitcoin market participants are highlighting key levels to look for from Nov. 8 onward. Bitcoin buy liquidity inches down to $34,000 Bitcoin is facing hurdles overcoming resistance at the $36,000 mark, and several attempts to clear it have quickly faded data from Cointelegraph Markets Pro and TradingView shows. Now, sellers are becoming active on intraday timeframes, and data from exchange order books shows the buy side getting cautious. In an X post on the day, on-chain monitoring resource Material Indicators highlighted support liquidity heading lower — from $34,500 to $34,000. “The Bitcoin Gameboard is Changing,” it wrote in part of accompanying commentary. A snapshot of the B...

Although the majority of assets in the cryptocurrency market have started to consolidate their gains, Cardano (ADA) has continued to trade in the green, and its on-chain activity suggests that more increases could await the eighth-largest cryptocurrency by market capitalization. Specifically, Cardano has witnessed strong ADA address activity that has risen by 23% in the last three weeks, while whale transactions increased 32% during the same period, according to the data shared by the crypto and blockchain analytics platform Santiment on November 2. Cardano active addresses and whale transactions. Source: Santiment At the same time, the Santiment team noted that this strong uptick in the on -chain activity of Cardano had hinted at the bullish action seen on November 2, when ADA’s market cap soared 9% in the previous 24 hours, and as much as 36% in the two weeks leading up to Thursday. Cardano price analysis Meanwhile, this crypto asset was at press time changing hands at the...

A Seeking Alpha analysis reveals that Bitcoin prices must not only more than triple to $100,000 but should be sustained above this level for miners to remain profitable in 2024 and beyond. Considering what lies ahead, mining farms, especially those whose shares are listed on bourses in the United States, including Riot and Marathon, are at a critical juncture. There could be a shake-up unless there are changes in hash rate, difficulty, or electricity costs in light of scarce BTC. Uniquely in 2023, Bitcoin mining stocks have been superior. While Bitcoin’s volatility has been tapering and prices pinned below $31,800 registered in late H1 2023, stocks of Riot, Marathon Digital, and other popular mining farms have more than doubled in the last few months.  You might also like: Marathon mined 21% less bitcoin in June partly due to bad weather in Texas Usually, the performance of crypto mining stocks is closely linked to the performance of Bitcoin in the secondary market. ...

Ethereum staking withdrawals are picking momentum. But they have not been able to cause a major selloff as many had anticipated post the Shanghai upgrade. The price of Ethereum's Ether (ETH) token came just a few dollars from hitting $2,000 a day after the launch of the network's long-anticipated Shanghai upgrade. Ethereum ducks sell-the-news fears On April 13, Ether's price gained roughly 4% to reach an intraday high of $1,996 on Coinbase, ignoring the potential selloff pressure the Shanghai upgrade could potentially bring to the market. ETH/USD daily price chart. Source: TradingView To recap: the Shanghai hard fork, also known as "Shapella," enables users to withdraw their ETH from Ethereum's Proof-of-Stake smart contract. As of 09:00 UTC, April 13, over 98,000 ETH worth around $194.8 million has left Ethereum's voting balance reserves since the Shanghai launch a day ago, according to Nansen. In other words, nearly $200 million in potential selling pres...