by Koinat | Jan 29, 2024 | Market News
Chris Burniske, former crypto lead at Ark Invest under Cathie Wood and current partner at Placeholder, suggests that Bitcoin (BTC) may not have hit its local bottom yet. Anticipating a potential decline to the $30,000-$36,000 range, he even contemplates the...
by Koinat | Jan 29, 2024 | Fundamental Analysis
n the world of cryptocurrency, valuing assets like Bitcoin (BTC) requires a unique approach, distinct from traditional equity analysis. This article explores the comparison between price-to-earnings (P/E) ratios in equities and the Network Value to Transaction...
by Koinat | Jan 29, 2024 | Market News, Technical Analysis
Bitcoin’s recent retracement to $38,000, accurately predicted by analyst Markus Thielen of 10x Research, has led him to identify levels above $43,000 as optimal for new bullish positions on the cryptocurrency. Thielen emphasizes that reversal indicators are...
by Koinat | Jan 26, 2024 | Market News
Bitcoin’s price faces resistance at $40,000, having dropped 20% since the introduction of spot Bitcoin ETFs in the United States, with a recent dip to $38,000 on Jan. 23. Despite the setback, Bitcoin whales are seizing the opportunity to buy the dip,...
by Koinat | Jan 26, 2024 | Market News
The U.S. Securities and Exchange Commission (SEC) has postponed the decision on Grayscale Investments’ application to transform its Ethereum trust product (ETHE) into an exchange-traded fund (ETF). This delay comes shortly after a similar decision...
