Analysis Today TheBitTimes.com

WazirX, one of India’s leading cryptocurrency exchanges, has fallen victim to a massive hack, resulting in the theft of approximately $230 million in various digital assets. The breach, confirmed by multiple security analysts, has been detailed by Lookonchain , a blockchain Analysis firm. According to Lookonchain’s Analysis in an X post on July 18, the largest loss was in Shiba Inu (SHIB) tokens, with a staggering 5.43 trillion SHIB, valued at $102 million , being stolen. This makes SHIB the most affected cryptocurrency in this high-profile hack. Picks for you Coinbase stock a ‘ticking time bomb’ on weekly chart: Here’s why 1 hour ago $1 Billion asset manager shorts Trump stock day before assassination attempt ...

Although Bitcoin (BTC) has continued to consolidate its previous gains, pulling the rest of the cryptocurrency market with it as it sets the current slightly bearish mood, artificial intelligence (AI) platforms have retained their bullish optimism on the price of Bitcoin by the end of this year. Indeed, not long after it surpassed the massively important psychological price level at $70,000, the largest asset in the crypto sector by market capitalization has returned below it, struggling to return above the $68,000 resistance area from where it could start to recover. Bitcoin price prediction 2024 Nonetheless, an advanced AI algorithm that relies on Bitcoin’s historical price action, chart patterns, and other relevant developments has set the price of the crypto market’s representative asset at $105,794 on December 30, 2024, which would suggest an increase of 55.77% from its price at press time. Pi...

As the majority of assets in the cryptocurrency sector continue to make significant advances, Ethereum (ETH) is no exception, and the largest altcoin in the market could continue on its bullish path, according to certain artificial intelligence (AI) algorithms. Specifically, Ethereum has moved well beyond the critical psychological price level at $3,500 and continues to record increases, which have seen it race over 18% in a single day on rumors that a spot-based Ethereum exchange-traded fund (ETF) might soon become a reality. Indeed, Bloomberg’s senior ETF analyst Eric Balchunas recently said that he and his colleague James Seyffart now believed that the chances for the approval of a spot Ethereum ETF were 75%, as opposed to the earlier 25%, according to Balchunas’ X post on May 20. Picks for you Is it better to invest in gold or Bitcoin...

Despite many assets in the cryptocurrency industry starting to move in a more positive direction, Dogecoin (DOGE) seems to still be waiting for an upwards trigger, but one crypto expert believes that traders of the popular doge meme token might not wait for much longer. As it happens, popular pseudonymous crypto market analyst CoinsKid has shared his view that Dogecoin could “run to $0.49 and beyond” in the near future, as “invalidation is losing the bottom of the potential C wave in May at $0.11929,” as he explained in an X post on May 17. DOGE price action analysis. Source: CoinsKid DOGE price prediction Indeed, the current DOGE chart pattern emerged just a couple of days after the crypto trading expert observed the “textbook inverse head & shoulders on the daily for DOGE,” the structure also known as a reverse head and shoulders, which hints at an upward price trend, or a bearish-to-bullish trend reversal. Picks for you Chinese home price s fall by largest am...

Litecoin price reached $110 on Friday, its highest level in over nine months. A popular crypto analyst says the macro downtrend for LTC may be over. Litecoin ( LTC ) currently trades around $104. But earlier in the day, LTC price hovered just above $110, its highest level since last July. LTC price reached an all-time high of $410 in May 2021. While current prices remain way off that peak, Litecoin’s latest bounce sees analysts predict what could be next. Litecoin touches $110: Is LTC set for vertical gains? Before LTC soared more than 15% on Friday, bulls had found it hard to break the psychological $100 level. Now with price hovering above the mark, a popular crypto analyst says Litecoin price could extend gains if bulls achieve a monthly close at $122.   “$ LTC needs to Monthly Close above the orange resistance ($122) & turn it into support like in 2020/2021 (green circle) to build on its recent Macro Downtrend breakout. M...

As the majority of the cryptocurrency market resumes its upward move, Ethereum (ETH) is among the assets leading the charge, and artificial intelligence (AI) platforms see more bullishness and advances for the largest altcoin by market capitalization in 2024. Indeed, Ethereum has skyrocketed almost 10% in the last 24 hours, as it moved to recover from the recent hiccup that saw it accumulate a decline of over 11% on its weekly chart, and advanced AI forecasting algorithms predict further improvement by the year’s end. Ethereum price prediction 2024 Specifically, one of these AI algorithms, which relies on historical ETH trends, technical Analysis (TA) indicators, chart patterns, and related developments, has projected Ethereum to hit the price of $4,778.17 by December 31, 2024, suggesting an increase of 35.09% from its current values. Picks for you Robert Kiyosaki blasts China as ‘foolish’ says stock market is ‘in trouble’ 21 mins ago Cardano adds over 2,000 wa...

Although many assets in the cryptocurrency sector have resumed their bullish run from the previous weeks, Dogecoin (DOGE) still seems to be waiting for its turn, but artificial intelligence (AI) algorithms remain optimistic regarding DOGE price prediction for the end of 2024. As it happens, the famous doge meme token has managed to increase its price by over 60% this year, and advanced AI and machine learning algorithms for Dogecoin price prediction have set it to grow by the year’s end, although specific figures differ from one platform to another. Dogecoin price prediction Specifically, the algorithms see DOGE price reaching $0.291696 by December 31, 2024, which would represent an increase of 98.55% compared to its current situation, according to the most recent price prediction data retrieved by Finbold on March 18. Picks for you Cardano could rocket 150% with this pattern, says expert 40 mins ago Bitcoin inches closer to major ‘danger zone’ as halving ne...

Meme cryptocurrencies have taken part of the lead in the current rally, prompting the market to speculate on the extent of their potential gains. Among these meme coins, Dogwifhat (WIF), a dog-themed cryptocurrency launched on the Solana (SOL) chain, stands out as a noteworthy digital asset, showcasing a remarkable surge approximately three months after its launch. To gauge WIF’s potential trading range in the upcoming weeks, Finbold sought insights from CoinCodex , an AI-driven machine- learning algorithms platform. The Analysis projected that WIF could reach $5.25 by the end of March, indicating a substantial increase of around 127% from its current price as of the time of publication. Picks for you What Gold, Bitcoin, and S&P 500 new highs have in common 17 hours ago Long squeeze alert for next week: two cryptocurrencies that could crash 18 hours ago Bitcoin’s historical patterns hint at next narrative BTC will break 20 hours ago Crypto nar...

Key takeaways BTC continues to trade around $62k as it closes in on its all-time high price. Bitcoin Dogs’ presale will end in 12 days and has already raised over $6.3 million Bitcoin eyes its all-time high price of $69k The crypto market was bullish this week, adding 20% to its value in the last seven days as it raced to the $64k level. Thanks to this week’s rally, BTC is now closing in on its all-time high price of $6k At press time, the  price of Bitcoin stands at $61,911, down by 1% in the last 24 hours. If BTC continues its rally, it could set a new all -time high price in the coming days or weeks.  The world’s leading cryptocurrency by market cap will be eyeing the next resistance level at $65k if the bulls remain in control.  What is Bitcoin Dogs? Bitcoin Dogs could be one of the biggest beneficiaries as BTC continues to rally towards its all-time high price. It is a unique project that is launching on the...

Ethereum (ETH) price hit $3,005 on Coinbase on Tuesday, rising to its highest level since April 2022. About 879,000 addresses were in a loss and could sell when prices break above this level. While ETH fell below the psychological level, analysts outline $3k as a “a relatively small obstacle”. Ethereum ( ETH ) price rose to the psychological level of $3,000 for the first time in nearly two years on Tuesday, February 20. The cryptocurrency saw its value jump from lows of $2,880 to touch $3,005 on Coinbase, and $3,003 on Binance. ETH price and the $3k hurdle Ethereum‘s upside, which comes amid a significant move of over 25% in the past two weeks, means several Ethereum addresses that were in the red managed to turn profitable. This in turn, suggests a potential retreat for the second-ranked crypto by market cap if these addresses decide to sell or break even. It could see ETH trade to support levels again, possibly below $2,900 before bounc...

Having spent years tirelessly working to develop its ecosystem, the native token of the Cardano blockchain – ADA – experienced a veritable price explosion in late 2023 after spending well over a year in decline and stagnation. As a major candidate to be the Ethereum (ETH) killer, the cryptocurrency is no stranger to sudden rises and falls and has, in recent months, indeed done both, starting its upward journey in mid-October 2023 near $0.25, surging to $0.66 in mid-December and mostly falling since. The token has, however, again started rising sharply in the last 24 hours and finds itself in a peculiar position where – despite being on a decisive downtrend – it has the potential to make a major comeback. Cardano eyes 32% rally On Thursday, February 8, the prominent crypto analyst Ali Martinez took to X to point out that ADA has started forming a descending triangle formation chart pattern – a strong bearish signal in technical Analysis (TA). #Carda...

Still considered an Ethereum (ETH) killer, the native token of the Cardano blockchain – ADA – is no stranger to sudden price rises and falls. Since its launch in 2017, it saw major surges and nearly as large declines, having – in 2021 – skyrocketed quickly to $3 before stabilizing below $0.5 by mid-2022. Last year, however, saw rampant speculation give way as the security, scalability, and sustainability-focused ecosystem finally took off, and after following an overall downward trajectory for more than a year, ADA surged in the final quarter. By the start of 2024, however, the cryptocurrency entered into a correction and, with it declining nearly 20% since January 1, Finbold decided to consult the AI-driven predictive algorithms of CoinCodex on how ADA might fare by the end of February. AI sets ADA price at the end of February The machine learning algorithms of CoinCodex assess that ADA is likely to trade with significant volatility throughout February ...

After a sudden dip that retraced the Bitcoin (BTC) price , this flagship crypto is slowly recuperating, and one pattern can be a sign of bullish things to come. BTC has recently experienced a significant event in the trading realm known as the “Golden Cross.” This occurrence marks the first time this bullish pattern has manifested on the weekly chart, as per X post from analytics platform Barchart on January 8. Bitcoin weekly Golden Cross. Source: Barchart A golden cross is identified when an asset’s short-term moving average (MA) surpasses its long-term moving average, signaling positive market sentiment. What can the Golden Cross mean for BTC? The occurrence on this cryptocurrency’s weekly chart involves the 50-week moving average surpassing the 200-week MA. Traditionally, this pattern is interpreted as a positive signal, hinting at the potential for a sustained upward trend. Cryptocurrency Honduran special economic zone adopts Bitcoin as unit o...