DeFI News by Thebittimes.Com

Ethereum Ether (ETH) is currently one of the major cryptocurrency tokens that have been soaring in demand at the moment. The token is now eyeing major price spots at the moment, and some are even projecting a near 200% surge to $15,000 within the next year. With the asset already on its way to breaching $4,000, one analyst suggests that it could breach its current $4,891 ATH and nearly quadruple it in the near term. Tom Lee, veteran Wall Street strategist and CEO of Bitmine Immersion Technologies, predicts Ethereum will reach $15,000 in the medium term, highlighting several bullish indicators. Lee’s prediction is based on a model developed by his colleague Sean Farrell, which compares Ethereum to prominent crypto industry companies like Circle. Using EBITDA-based valuation multiples, Farrell estimates that Ethereum’s potential market value could allow its price to reach $15,000. Additionally, the analyst cites a technical Analysis by Mark Newton, Fundstrat’s head of technical strategy...

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

The million-dollar question on everyone’s mind is ‘When will Bitcoin bottom out in price?’ It had hit an all-time high of $108,786 on January 20, 2025, the day Trump took office. Its price began to dip after the trade wars ignited as the President imposed tariffs on Canada, Mexico, and China. Even close allies in Europe were not spared angering countries from the other side of the Atlantic. Source: Coingecko Also Read: AI Predicts Hedera Price If HBAR ETF Is Approved By May 2025? After hitting its ATH of $108,786, Bitcoin lost nearly 25% of its value and is trading at the $82,400 level on Wednesday. It had fallen to the $76,000 range on Monday as the US stock market crashed 890 points. The leading cryptocurrency rebounded in price but investors remain skeptical as the markets are in unfavorable conditions. BTC: When Will Bitcoin Bottom Out? Source: Watcher Guru The former CEO of BitMex, Arthur Hayes predicts that Bitcoin could face further corrections in the charts. H...

A closely followed crypto analyst says one key metric indicates Bitcoin (BTC) may have a hard time breaking out anytime soon. In a new thread, crypto trader Justin Bennett tells his 115,800 followers on the social media platform X that the Tether dominance chart (USDT.D) is flashing bearish for Bitcoin. Many traders closely watch the USDT.D chart as it shows how much of the crypto market cap is comprised of the stablecoin USDT. A bullish USDT.D chart is generally considered bearish for Bitcoin and other cryptocurrencies as it indicates traders are unloading their crypto holdings in favor of the stablecoin. Says Bennett, “Here’s the challenge for BTC bulls: Tether dominance has held above its previous range highs since February 5th, and it’s now testing this area as new support. If USDT.D drops back within the range on the high timeframes, then we have a bullish crypto market. If it can’t, expect sideways to lower for BTC, ETH, etc. It...

In a rather surprising development for one of the world’s most prominent companies, Apple (AAPL) has gotten a downgrade, with Wall Street now calling on investors to sell the stock. Indeed, the stock has gotten its price target reduced, with shares falling more than 1.2% Tuesday. The iPhone developer has recently regained its position as the largest company in the world by market cap. Although Nvidia (NVDA) had wrestled the position away to start the week, Apple is back on top. Moreover, with its race to be the first to a $4 trillion market cap ongoing, its recent slide has placed the landmark in jeopardy for this year. Source: CNET Also Read: Apple (AAPL) Is Morgan Stanley’s Top Stock for 2025: Here’s Why Apple Gets Stock Downgraded En Route to $4 Trillion Market Cap There are few companies on the planet that belong in the same stratosphere as Apple. For more than two decades, it has been one of the most successful tech brands in the world. Moreover, it has continued to set recor...

Bitcoin’s (BTC) bulls are under pressure as they attempt to minimize the downward trajectory of the maiden cryptocurrency amid a general market sell-off. Focusing on how Bitcoin might navigate the current conditions, cryptocurrency analyst Ali Martinez, in an X post on September 4, pointed out that based on technical indicators, the asset faces the potential for further losses. Martinez noted that investors should anticipate a possible drop in Bitcoin’s price if the asset fails to breach a key trendline around the $68,000 mark. Picks for you Donald Trump regains popularity against Kamala Harris on prediction markets 26 mins ago FAssets Open Beta adds Bitcoin support 36 mins ago ...

A cryptocurrency trader and analyst is issuing a warning on the potential price performance of altcoins in the current cycle. The analyst pseudonymously known as Sherpa tells his 11,399 YouTube subscribers that altcoins might perform poorly during the current cycle relative to other cycles and periods. “Your altcoin might not do crazy multiples like it did earlier this year. It might not go to an all-time high like it did in 2021 and your altcoin might simply have already topped for the cycle.” The pseudonymous analyst further says, “I think that you have to be realistic with your overall targets and you can’t assume that just because Bitcoin is going to go really strongly it means that your altcoin is going to go to former all-time highs. Because the market, as I said, the dynamic has changed quite a bit. It’s very different, it’s not similar at all to what the market was like in 2021. And just because there’s flows in one co...

As Solana (SOL) shows potential for continued bullish momentum in search of reclaiming the $200 resistance, an analyst has warned that investors should be ready for a possible bumpy ride ahead. Specifically, crypto trading expert Alan Santana has observed that Solana, the decentralized finance (DeFi) token, exhibited a significant bearish signal in August 2024 that could suggest a deeper decline in its price. In a TradingView post on August 10, Santana pointed out that Solana’s recent price and volume patterns bear a striking resemblance to those observed in July 2023. Picks for you 5th richest crypto investor revaluates his multi-millionaire ETH bet against wBTC 57 mins ago Buy signal for two strong cryptocurrencies this week ...

Popular cryptocurrency analyst Nicholas Merton — known as DataDash on YouTube — remains skeptical on Bitcoin’s near-term prospects despite optimism around the upcoming halving and potential approval of a Bitcoin ETF. In a YouTube video, Merton discussed his views on the future prospects of Bitcoin. He laid out three key reasons why he believes Bitcoin is unlikely to start a new bull market anytime soon. First, he addressed the anticipation surrounding an SEC-approved Bitcoin ETF. Contrary to popular belief, Merton suggests that it may not generate as much new demand as people expect. As evidence for his claim, he highlights the continued discount on the Grayscale Bitcoin Trust (GBTC). This suggests that institutional demand might remain subdued even if an ETF becomes available. You might also like: Analyst suggests The Fed could push Bitcoin to $20,000 Merton also brought up the impact of Bitcoin’s halving events and posits its influence is waning over ti...

Analysts are speculating that the Bitcoin hash rate has seen a big spike recently as miners come back online to reap the rewards of the BTC price hike. Bitcoin's (BTC) hash rate spiked to all-time highs of 398 exahash on March 23, and analysts have been speculating miners are starting to turn their rigs back on as the Bitcoin price rises. According to data aggregator YCharts the Bitcoin network hash rate has dropped to 344.63 as of March 27, an increase from 335.32 on March 26 but it is still up from 178.77 one year ago. In a March 26 post, Sam Wouters, a research analyst at Bitcoin (BTC) financial service provider River Financial, speculated the spike in hash rate is connected to unused mining inventory coming online, new facilities going live, and entrepreneurs finding cheap sources of mining. Bitcoin's hashrate touched 400 Exahash. At the current growth rate in 2023, we'd reach a Zettahash by the end of 2025. I'm getting questions and concerns from people. Where i...

Bitcoin begins to deal with fresh U.S. macro cues as BTC price steadily holds $17,000 support. Bitcoin (BTC) fell on the Dec. 9 Wall Street open as United States economic data appeared to disappoint markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Attention turns to Bitcoin vs. CPI "big trigger" Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to come closer to $17,000 after passing the level overnight. The pair reacted badly to U.S. Producer Price Index (PPI) data, which despite being above expectations still beat the readout from the month prior. “Bit of an over reaction towards PPI, which has been dropping significantly from last month, but less than expected,” Michaël van de Poppe, founder and CEO of trading firm Eight, responded. Van de Poppe, like others, noted that the crux of macro cues would come next week in the form of Consumer Price Index (CPI) print for November. “CPI next week is the big trigger, just like it was ea...