However, some experts have offered bold projections. Cathie Wood, the founder, chief executive officer, and chief investment officer of ARK Invest, believes that Bitcoin could be worth $1 million per coin before 2030, as adoption by institutional investors increases.
Cryptocurrency price predictions are challenging due to volatility, regulatory factors, and market sentiment. Here’s an overview of some commonly referenced predictions for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE) for 2025:
1. Bitcoin (BTC)
• Optimistic Forecast: Some analysts and crypto influencers project BTC could reach $100,000 to $150,000 by 2025, driven by increased scarcity following the 2024 halving, institutional adoption, and potential economic instability th
YOU WILL LOSE ALL YOUR INVESTMENT! Unless You Understand The Psychology of the Crypto Market
Experts predict a new bull run peaking in late 2025- That is 12-18 months from the Halving happened in April 2024. Ready to ride the wave? I hate to state this but many are still going to f> real. Let's break down the psychological phases: 📌PHASE 1 - Accumulation During this phase, crypto Whales and OGs will have bought or be buying at discounted rates, new projects emerge, but skepticism lingers. To be clear, this was more like last year when $BTC was down to $15,000 and there was blood on the streets. 📌PHASE 2 - Momentum Here, as we are currently witnessing, prices climb, excitement builds, HODLers rejoice, FOMO kicks in, and altcoins surge. 📌PHASE 3- Euphoria/Excess Greed takes over, prices soar daily, mainstream attention, bizarre market behavior, scams alert! For the Noobs, whenever the Bitcoin Fear and Greed Index makes a reading of 90, begin to manage your crypto position. Be SMART or you wont see the crash coming. 📌PHASE 4 - Massive Crash/Long Reeeeed candles Here, you will witness a massive downtrend. Prices crash, panic selling, media negativity, Whales and new investors exit, veterans buy the dip. Noobies are left holding the for another two-three years -- the worst position to be in. DON'T DO THAT! ⏰Tips for Success: Invest wisely and patiently. Dollar-cost average. Take profits on the way up. Diversify and avoid overexposure. Be cautious of hype and scams. Watch for market sentiment changes. Hedge positions strategically. Keep cash reserves for opportunities. The coming months bring excitement, risks, and rewards. Navigate wisely, and you could be on your way to life-changing wealth in this crypto revolution! #TrendingTopic #bitcoin #altcoins #BTC #TopCoinsJune2024
Bitcoin price spikes 3.85% after CPI report, Trump says BTC ‘last line of defense against a CBDC’
Investors’ concerns about inflation and interest rates were eased in early trading on Wednesday after May’s consumer price index (CPI) came in flat, while the year-over-year reading came in at 3.3% – an improvement from April's 0.3% month-over-month increase and 3.4% annual reading.
Core CPI, which excludes food and energy, saw a 0.2% month-on-month rise and was up 3.4% annually.
Markets responded positively to the lower-than-expected readings as asset prices from cryptos to stocks and pre
Rising Meme Coins PEPE and BONK in Bearish Market Tease Bull Run. The post Rising Meme Coins PEPE and BONK in Bearish Market Tease Bull Run appeared first on Coinpedia Fintech News
The volatility is peaking as the crypto market crashes with the FOMC meeting and the inflation report coming on June 12th. However, certain meme coins like the PEPE and BONK are resurfacing as the optimistic eyes expect a recovery in this segment. With the PEPE price jumping 5.41% last night and the BONK ready for a morning star, the meme coins are ready for a trend reversal. Will this reversal rally lead to a broader market comeback this month?
PEPE Plans Meme Coin Segment Reversal With a pullback phase in the daily chart, the PEPE price trend shows a retest of the 50D EMA. Following the retest, the meme coin price trend takes a lateral shift with no decisive move in the past four days.
However, with the recent overnight jump of 5.41% along with an intraday move of 1.04% today, the PEPE price trend reveals a potential comeback move. Furthermore, the MACD and signal lines plan for a bullish crossover in the positive territory. Hence, if the broader market recovers post-FOMC meeting, the PEPE price could surge to its all-time high levels. Optimistically, the bull run can lead the meme coin to break $0.000018 and reach the psychological mark of $0.000020. Also Read: PEPE Price Prediction 2024, 2025 To 2030: Is PEPE Set For A Blast In 2024? A Morning Star Bull Run For BONK? With a negative cycle in the rising channel pattern, the BONK price drops under the 50D EMA. Further, the meme coin loses the critical level of 50% Fibonacci level and the $0.000030 psychological mark.
The BONK price action reveals a bullish failure of the rounding bottom pattern and tests the support zone at the 38.20% Fibonacci level at $0.00002679. However, the meme coin price action suggests an end of the correction phase with the 3% intraday jump. With the bullish recovery, a morning star pattern forms at a crucial level of support, teasing a comeback rally. $PEPE $BONK
As a general rule, it's safer to double down and invest when the market as a whole is down instead of trying to snatch up individual stocks that are bottoming out. Down markets offer a unique blend of risk and reward. But as any savvy investor will tell you, market conditions should not dictate investment strategy.
There is no better time to start investing. It is very difficult to time the markets and although the markets are due for a correction, it would not be wise to wait further. Also, when it comes to SIPs, there is not much merit in timing the markets. We would suggest you invest in different mutual fund categories.
Cryptocurrency prices on June 11: Bitcoin falls below $65K ahead of US CPI data
Major cryptocurrencies saw a decline on Tuesday as investors braced for the Fed's policy decision and awaited consumer price inflation data due on Wednesday.
As of 04:52pm IST, Bitcoin was trading 2.3% lower at $65:126, while Ethereum dropped 3.5% to $3,538. Concurrently, the global cryptocurrency market cap also saw a 2.7% decrease, hovering around $2.46 trillion in the last 24 hours.
"The crypto market continued its downward trend over the last 24 hours, marking this week as critical and highly volatile due to the upcoming FOMC meetings and U.S. CPI and PPI announcements," noted the CoinDCX Research Team.
Meanwhile, Vikram Subburaj, CEO of Giottus, said, "Bitcoin has dropped below $65,000 after breaking down from a horizontal wedge pattern. Friday's stronger-than-expected US jobs data has dampened market hopes for a US interest rate cut in September. Bitcoin’s price actions may be influenced by a carry trade strategy, with institutions buying spot ETFs and while shorting its futures to profit from price differences."
Also Read: Why crypto is an asset class that cannot be ignored?
In addition to Bitcoin, altcoins and meme coins like BNB (4%), Solana (2.8%), XRP (1.9%), Dogecoin (2.2%), Shiba Inu (2.4%), and Chainlink (2.9%) mirrored the downward trajectory.
The volume of all stablecoins is now $82.35 billion, which is 97.24% of the total crypto market 24-hour volume, according to CoinMarketCap. Stocks Recommendations
In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, fell to $1.333 trillion. Bitcoin's dominance is currently 54.27%, according to CoinMarketCap. BTC volume in the last 24 hours rose 94.13% to $29.5 billion.
Edul Patel, CEO of Mudrex, said, "Bitcoin is currently consolidating around the $68,000 level following recent liquidations. Bears are attempting to push the price below $68,000, but bulls may also engage in strong buying at this level. The next support level for BTC is at $65,400, while resistance is at $65,600."
Bitcoin and other cryptocurrencies were dropping early Tuesday. Despite strong inflows of money into exchange-traded funds tied to Bitcoin, the largest crypto isn’t receiving much of a boost.
Bitcoin was down 3.5% over the past 24 hours to $67,028. It hit a record high near $74,000 in mid-March amid a surge of interest from new spot exchange-traded funds.
“BTC Spot ETFs continued to see strong inflows, recording net inflow on every trading day last week. This mark[ed] the fourth consecutive week of net inflows,” wrote Matteo Greco, an analyst at Fineqia International.
However, those inflows don’t appear to be enough to boost the price. Traders look to be buying spot bitcoin ETFs while at the same time selling futures linked to the cryptocurrency, aiming to profit from the futures market premium, according to BitMEX Research. The selling pressure created by the futures trade therefore keeps the price in equilibrium.
Ether —the second-largest crypto—was down 4% at $3,528 but is up 21% over the past month.
The Securities and Exchange Commission recently approved critical rule changes to allow spot Ether exchange-traded funds to trade. However, it could still take weeks or months before issuers receive final permission to launch the products.
Smaller cryptos, or altcoins, were in the red, with Solana falling 3.4% and Cardano losing 1.8%. Dogecoin dropped 2.4%$
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to rise above the $71,000 mark early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the greens across the board as the overall Market Fear & Greed Index stood at 65 (Greed) out of 100, as per CoinMarketCap data. Memecoin FLOKI emerged to be the biggest gainer, with a 24-hour jump of nearly 24 percent. Wormhole (W) became the biggest loser, with a 24-hour dip of nearly 8 percent.
The global crypto market cap stood at $2.63 trillion at the time of writing, registering a 24-hour gain of 2.70 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $71,003.22, registering a 24-hour jump of 3 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 61.18 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,789.52, marking a 24-hour gain of 0.93 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.27 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 3.27 percent, as per CoinMarketCap data, currently priced at $0.1625. As per WazirX, Dogecoin price in India stood at Rs 13.71.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 2.32 percent. At the time of writing, it was trading at $83.82. LTC price in India stood at Rs 7,126.77.
Ripple (XRP) Price Today
XRP price stood at $0.525, seeing a 24-hour jump of 1.08 percent. As per WazirX, Ripple price stood at Rs 45.50.
Solana (SOL) Price Today
Solana price stood at $174.02, marking a 24-hour gain of 5.44 percent. As per WazirX, SOL price in India stood at Rs 14,302.01.
Top Crypto Gainers Today (June 4)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
The live price of BNB is $ 665.15 per (BNB / USD) with a current market cap of $ 92.85B USD. 24-hour trading volume is $ 2.42B USD. BNB to USD price is updated in real-time. BNB is +0.5% in the last 24 hours with a circulating supply of 147.59M.
Bitcoin Techincal Analysis Swissblock, a cryptocurrency analytics company, noted strong resistance for Bitcoin between $70,000 and $73,000. Short-term pullbacks are being viewed as buying opportunities, with the $67,000 level proving to be a reliable support.
As of now, Bitcoin’s price stands at $69,080, marking a 0.3% increase in the past 24 hours, with a market cap of $1.35 trillion.
Are you betting on Bitcoin’s continued rise, or do you see a correction coming?
Our real-time BTC to USD price update shows the current Bitcoin price as $68,183 USD. Our most recent Bitcoin price forecast indicates that its value will increase by 11.6% and reach $76,091 by June 04, 2024. What will Ethereum be worth in 2025? By the year 2025, Ethereum is expected to reach the maximum level of $6,500 with a minimum of $ 4,500 and an average of $5,500. And by the year 2030, it is expected that it may go up to a maximum of $20,500. The current year will witness the Dencun upgra