• Latest
  • Trending
Bitcoin Could Soar To $50,000 In March As Extreme Volatility Hits Ethereum, Solana, Cardano, BNB And XRP

Bitcoin Could Soar To $50,000 In March As Extreme Volatility Hits Ethereum, Solana, Cardano, BNB And XRP

March 5, 2022
White House Publishes ‘Roadmap’ to Mitigate Cryptocurrency Risks – Regulation Bitcoin News

White House Publishes ‘Roadmap’ to Mitigate Cryptocurrency Risks – Regulation Bitcoin News

January 29, 2023
Mythical Games acquires DMarket: A New Era of Blockchain Gaming Begins

Mythical Games acquires DMarket: A New Era of Blockchain Gaming Begins

January 29, 2023
New York Considers Bill to Establish Cryptocurrency as a Form of Payment for State Agencies – Regulation Bitcoin News

New York Considers Bill to Establish Cryptocurrency as a Form of Payment for State Agencies – Regulation Bitcoin News

January 29, 2023
Dogecoin Community Stunned by McDonald’s Refusal to Go Viral With DOGE

Dogecoin Community Stunned by McDonald’s Refusal to Go Viral With DOGE

January 29, 2023
Anticipation for Ethereum [ETH] 2.0 rises as metric reaches all-time high

Anticipation for Ethereum [ETH] 2.0 rises as metric reaches all-time high

January 29, 2023
LTC/USD slides downward, reaching the $88.02 level – Cryptopolitan

LTC/USD slides downward, reaching the $88.02 level – Cryptopolitan

January 28, 2023
What is an ascending triangle pattern and how to trade it?

What is an ascending triangle pattern and how to trade it?

January 28, 2023
FTX creditors list, BlockFi $1.2B exposure and new Celsius token…

FTX creditors list, BlockFi $1.2B exposure and new Celsius token…

January 28, 2023
XRP (XRP), Low Volatility but Falling Saturday: Is it Time to Cash Out? – InvestorsObserver

XRP (XRP), Low Volatility but Falling Saturday: Is it Time to Cash Out? – InvestorsObserver

January 28, 2023
Cardano hard fork will increase interoperability with Bitcoin, Ethereum and others

Cardano hard fork will increase interoperability with Bitcoin, Ethereum and others

January 28, 2023
Whales Are Pouncing on Litecoin, Polygon and Two Ethereum-Based Altcoins, Says Analytics Firm Santiment

Whales Are Pouncing on Litecoin, Polygon and Two Ethereum-Based Altcoins, Says Analytics Firm Santiment

January 28, 2023
JPMorgan CEO Jamie Dimon Says Bitcoin is a “hyped-up fraud”

JPMorgan CEO Jamie Dimon Says Bitcoin is a “hyped-up fraud”

January 28, 2023
Sunday, January 29, 2023
Retail
  • Home
  • Bitcoin
  • Cryptocurrency
  • Ethereum
  • Blockchain
  • Altcoin
  • ADA
  • Dogecoin
  • Litecoin
  • XRP
  • Regulation
  • Market And Analysis
No Result
View All Result
The Crypto Days
No Result
View All Result

Bitcoin Could Soar To $50,000 In March As Extreme Volatility Hits Ethereum, Solana, Cardano, BNB And XRP

by marcell.major
March 5, 2022
in XRP
0


Bitcoin and cryptocurrency prices have ricocheted over the last week as Russia’s invasion of Ukraine first tanked markets then sparked a bitcoin and crypto rally.

Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigate the latest crypto price crash

The bitcoin price, after dropping to lows of $35,000 per bitcoin last week, bounced to $45,000 this week on the back of a surge of bitcoin interest from sanction-fearing Russian billionaires and oligarchs. Other top ten coins ethereum, BNB, solana, cardano and XRP have also seen severe price volatility.

The bitcoin price has now dropped back as fears mount the Russia-Ukraine situation could spark harsh new crypto regulation. However, many bitcoin and crypto investors are feeling upbeat—and making bold crypto price predictions.

Want to stay ahead of the bear market and understand what Fed interest rate hikes mean for crypto? Sign up now for the free CryptoCodex—A daily newsletter for crypto investors and the crypto-curious

MORE FROM FORBESSanctioned Russian Oligarchs And Billionaires ‘Have Only One Option’-BitcoinBy Billy Bambrough

The bitcoin price has climbed over the last week amid expectations it and other cryptocurrencies … [+] like ethereum, BNB, solana, cardano and XRP could be used to evade sanctions placed on Russia.

SOPA Images/LightRocket via Getty Images

“As it currently stands, I can see no reason why this price momentum should falter,” Nigel Green, the chief executive of financial advisory group deVere, said in emailed comments, predicting the bitcoin price will hit $50,000 before the end of March.

“It’s still too early to say whether it will then go on to reach the all-time highs of $68,000 from November 2021. However, it’s not that big a leap from $50,000 to $68,000 and the world and the crypto market are moving at an accelerated rate in recent times. It’s certainly not out of the realms of possibility.”

YOU MAY ALSO LIKE

XRP (XRP), Low Volatility but Falling Saturday: Is it Time to Cash Out? – InvestorsObserver

Crypto Market Analysis: Top Predictions for Bitcoin(BTC), Ethereum(ETH) & Ripple(XRP) for February 2023

Green pointed to the Ukraine-Russia situation and the “significant financial upheaval” it’s caused as the reason for the bitcoin price’s latest rally.

“As banks close, ATMs run out of money, threats of personal savings being taken to pay for war, and the major international payments system SWIFT is weaponized, amongst other factors, the case for a viable, decentralized, borderless, tamper-proof, unconfiscatable monetary system has been laid bare,” he said, adding “the dollar’s reserve status could, ultimately, be in jeopardy.”

Meanwhile, the bitcoin and crypto market has come under pressure along with equity markets from comments made by the chair of the Federal Reserve, Jerome Powell, who said the Fed would move forward with planned interest rate hikes this month.

“Bitcoin is developing a correction,” Alex Kuptsikevich, senior financial analyst at FxPro, wrote in an emailed note. “The momentum of pressure on the crypto market was due to the decline in stock indices, as the Fed gave signals of tightening policy. Technical factors also contributed to the negative dynamics—the inability to overcome the strong resistance of the 100-day moving average and mid-February highs around $45,000.”

Last week, “bitcoin seemingly uncoupled from the S&P 500, hinting at the possibility that the Russia–Ukraine conflict has driven demand for the digital gold alternative and subsequently prompted an industry-wide rally,” analysts at Messari wrote in an emailed note.

Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious

MORE FROM FORBESA Legendary Billionaire Just Flipped On Crypto-And Revealed A Huge Price Bombshell Is Headed Toward Bitcoin And EthereumBy Billy Bambrough

The bitcoin price has swung wildly over the last year, bouncing from its recent lows this week as … [+] global geopolitical tensions reach boiling point. Ethereum and other smaller cryptocurrencies have also been highly volatile.

Coinbase

However, others warned that the bitcoin price needs to climb above $44,000 per bitcoin before “bullish” momentum returns.

“Bitcoin sold off to retest the 20-day moving average at around $41,000 after the impressive 32% rally over the past week,” Marcus Sotiriou, analyst at the U.K.-based digital asset broker GlobalBlock. “Bitcoin failed to secure a higher-high on the daily time frame as it closed below the key $44,600 level. Bitcoin is not bullish on the daily time frame until this level is reclaimed.



Source link

Tags: BitcoinBNBCardanoEthereumextremehitsMarchSoarSolanaVolatilityXRP
ShareTweetPin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

White House Publishes ‘Roadmap’ to Mitigate Cryptocurrency Risks – Regulation Bitcoin News

White House Publishes ‘Roadmap’ to Mitigate Cryptocurrency Risks – Regulation Bitcoin News

January 29, 2023
Mythical Games acquires DMarket: A New Era of Blockchain Gaming Begins

Mythical Games acquires DMarket: A New Era of Blockchain Gaming Begins

January 29, 2023
New York Considers Bill to Establish Cryptocurrency as a Form of Payment for State Agencies – Regulation Bitcoin News

New York Considers Bill to Establish Cryptocurrency as a Form of Payment for State Agencies – Regulation Bitcoin News

January 29, 2023

Recent News

White House Publishes ‘Roadmap’ to Mitigate Cryptocurrency Risks – Regulation Bitcoin News

White House Publishes ‘Roadmap’ to Mitigate Cryptocurrency Risks – Regulation Bitcoin News

January 29, 2023
Mythical Games acquires DMarket: A New Era of Blockchain Gaming Begins

Mythical Games acquires DMarket: A New Era of Blockchain Gaming Begins

January 29, 2023
New York Considers Bill to Establish Cryptocurrency as a Form of Payment for State Agencies – Regulation Bitcoin News

New York Considers Bill to Establish Cryptocurrency as a Form of Payment for State Agencies – Regulation Bitcoin News

January 29, 2023

Categories

  • ADA
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market And Analysis
  • Regulation
  • XRP

Follow Us

Find Via Tags

Ada Altcoin Altcoins analysis Analyst BIG Binance Bitcoin blockchain BNB BTC Buy Cardano coin Cointelegraph crypto Cryptocurrency DOGE Dogecoin ETH Ethereum eyes FTX Heres Inu Investors Latest Litecoin LTC Market News Price rally Report Ripple SEC Shiba SOL Solana today Token Top trading week XRP

© 2021 The Crypto Days

No Result
View All Result
  • Home
  • Bitcoin
  • Cryptocurrency
  • Ethereum
  • Blockchain
  • Altcoin
  • ADA
  • Dogecoin
  • Litecoin
  • XRP
  • Regulation
  • Market And Analysis

© 2021 The Crypto Days