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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

Bitcoin to benefit from Trump presidency and MicroStrategy's plan: JPMorgan
Bitcoin to benefit from Trump presidency and MicroStrategy's plan: JPMorgan

Quick Take Donald Trump’s victory is expected to benefit both gold and bitcoin, JPMorgan analysts said. Bitcoin is predicted to get a further boost thanks to MicroStrategy’s $42 billion bitcoin acquisition plan, the analysts added.

The Block·2024/11/06 16:00
PEPE Price Jumps 15%, Momentum Signals Bullish Trend Ahead
PEPE Price Jumps 15%, Momentum Signals Bullish Trend Ahead

PEPE's momentum builds as ADX and MVRV ratios show strong uptrend signals. If buying pressure holds, PEPE may break resistance levels.

BeInCrypto·2024/11/06 13:00
Flash
  • 22:21
    BTC breaks above $89,500
    The market shows that BTC breaks through $89,500, now at $89,502.5, up 3.03% in 24 hours, the market fluctuates, please do a good job of risk control.
  • 22:21
    BTC falls below $88,000, up 1.53% on the day
    The ticker shows that BTC has just fallen below $88,000 and is now at $87,935.90 per coin, up 1.53% intraday.
  • 21:57
    Analyst: Potential Peak in Bitcoin Price Could Come Around Late May 2025
    A potential peak in Bitcoin's price could come around the end of May 2025, a Copper report estimates based on historical data. The analysts examined the historical growth of Bitcoin's market capitalisation during different bull and bear market cycles, and concluded that Bitcoin's cycles last about 756 days on average. As of now, Bitcoin is on day 554 of the current cycle, which begins around mid-2023, the analysts said. According to the report, ‘Based on the average cycle duration, this timeline suggests that Bitcoin could peak in about 200 days, in mid-2025.’ The report also noted that Bitcoin's expected peak could coincide with the likelihood of a U.S. recession. The analysts highlighted a report by JPMorgan Chase, which said there is a 45 per cent likelihood of a recession occurring in the second half of 2025, which overlaps with their predicted timing of Bitcoin's peak.
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