Header image alt text

Aktuelles für Sie – opengovhacknight.org

Bitcoin and Ethereum Prices Are Heading North Next Week

• Bitcoin recently surged past $29,000 but experienced a sharp retracement thereafter.
• Ethereum’s price closely mirrors the performance trend of Bitcoin.
• Traders are expecting a continuation of the recent upward trend in the cryptocurrency market.

Volatility Is Waiting for BTC and ETH Prices

The crypto market is buzzing with excitement as Bitcoin and Ethereum prices appear to be poised for significant price momentum in the coming week. Over the last few weeks, these two leading cryptos showed massive gains, and investors are now waiting for an extended bullish rally to maximize their gain. Despite overall bearish market sentiments, investors are still betting on long-term gains on BTC and ETH as there is an astronomical spike in trading volume and buying pressure, creating possibilities of a new bull run next week.

BTC Price Analysis

Bitcoin reached a new nine-month high by surging past $29,000 recently, but the celebration was short-lived as the asset experienced a sharp retracement in the hours that followed. Following a loss of $28,000 the previous day, weekend trading remained relatively stable as traders awaited a break before the resumption of traditional finance markets, resulting in a lack of usual volatility. As of writing, BTC price trades at $27.5K with a decline of 2% in the last 24 hours. The weekly price chart indicates Bitcoin price will likely consolidate below $30K for the next few days. However, traders expect a breakout above $30K next week with Bitcoin heading toward crucial resistances at $34K-$38K levels.

ETH Price Analysis

Ethereum’s price has been closely mirroring that of Bitcoin lately due to multiple successful breaches of key resistance levels over the past few weeks which has created buying pressure among investors who have betted on long-term gains on this crypto asset. Currently trading at around $1,600 level with no major changes from yesterday’s closing figure; ETH could be looking forward towards testing higher resistances near its all time high level if it can make some strong moves next week backed by strong volumes due to increased buying pressure from traders wanting to capitalize on any potential bull run soon..

Conclusion

Bitcoin and Ethereum prices appear to be headed northward next week as buyers remain optimistic about future gains despite bearish market sentiments across many other altcoins in the cryptocurrency space. Both assets have shown massive gains over recent weeks which could continue if they manage to break through key resistances levels near their all time highs soon enough – something that seems more than possible given current trends!

• Bitcoin price gained more than 25 percent last week breaking out of the technical and psychological resistance level of $25k.
• The surge in Bitcoin price is attributed to the meltdown of the global banking sector, rising inflation, and comments from Larry Fink and UBS Chairman Colm Kelleher.
• Axel P. Lehmann, Chairman of Credit Suisse noted that the UBS merger will provide a durable outcome while Colm Kelleher said it would help advance the company’s agenda and save further catastrophic losses.

Bitcoin Hits 9-Month High

Bitcoin closed last week with a solid bullish thesis, hitting a nine-month high of about $28,440. Optimism for a potential $30k before $10k in the near term has been rejuvenated as cryptocurrency cash flow is expected to spike in the coming weeks. Ethereum (ETH) and BNB have also spiked more than 11 and 15 percent respectively over the past week. According to Rekt Capital, Bitcoin’s bullish sentiment will remain strong if its macro downtrend breakout at around $25k holds in monthly closeouts.

Drivers for Bullish Sentiment

The surge in Bitcoin comes amidst turmoil amongst global banking sectors as well as increasing inflationary pressures worldwide. In light of Credit Suisse being saved through government intervention, investors are now turning to Bitcoin as a potential safe haven asset due to its capabilities in fighting inflationary forces. Notable figures such as Larry Fink (@BlackRock) have commented on this trend saying that tokenization of real world assets is future payments technology while UBS Chairman Colm Kelleher has stated that their acquisition of Credit Suisse is an emergency rescue move which will preserve value left within their business while limiting downside exposure risk.

Analysis on Impact

The rise in Bitcoin prices reflects an optimism among investors who think that crypto can beat traditional markets when it comes to battling inflationary forces long-term by providing an alternative store of value for individuals or institutions seeking safety from market volatility or economic downturns. As such, it appears that increasingly more people are turning towards digital assets for their financial security needs rather than traditional banking solutions due to Bitcoin’s ability to protect against macroeconomic instability or other unforeseen circumstances like pandemics or natural disasters which could lead to severe economic repercussions around the globe.

Conclusion

It seems clear that although there are still many uncertainties regarding cryptocurrencies, investment into bitcoin continues steadily due to its advantages over traditional markets when it comes beating inflationary forces long term by providing an alternative store of value for individuals or institutions seeking safety from market volatility or economic downturns.. As such, with increased institutional interest into cryptocurrencies alongside individual investors looking for higher returns than what traditional banks can offer – it appears that digital assets still remain very attractive investments despite any short term hiccups seen recently within crypto markets overall.

Takeaway

With current events driving heightened demand for digital assets – especially bitcoin – we can expect prices within crypto markets continue climbing upwards with even greater speed should macroeconomic conditions deteriorate further down the line causing more people seek refuge from traditional investments by investing into cryptocurrency instead

Crypto Gains 7% as Banking Crisis Looms: Is Crypto the Future?

Posted by admin on 13. März 2023
Posted in Allgemein 

• Banking Crisis Looms: Silicon Valley Bank and Signature Bank have collapsed, prompting the U.S government to bailout the banks with a $25 billion package.
• Investors are looking for more secure investment tools, leading digital assets such as Bitcoin, Ethereum, and BNB to increase in value by 7 percent in 24 hours.
• The fractional reserve banking system is being questioned; a similar situation could be unfolding as it did during the 2012–2013 Cypriot financial crisis which triggered a Bitcoin rally.

Banking Crisis

The collapse of two of the top United States banks, Silicon Valley Bank and Signature Bank, has been considered the most bullish thesis for Bitcoin and other leading digital assets. Moreover, the top digital assets, including Bitcoin, Ethereum, and BNB, have gained over 7 percent in the past 24 hours as investors scramble for more secure investment tools.

Fractional Reserve Banking System

Notably, the $25 billion bailout by the United States federal government has investors questioning the fractional reserve banking system that requires lenders to maintain only a small portion of deposits available for withdrawal while the rest are lent out to fuel economic activity. In theory, such a failure could trigger a banking crisis much worse than 2008 Financial Crisis due to all banks operating in a similar manner around world.

Potential For Crypto

The potential benefits of crypto investments due to this banking crisis are being discussed by economists such as Peter Schiff who tweeted “QE unofficially resumes on Monday… Buy gold” and Michael Casey who noted that this is reminiscent of 2013 when Cyprus bank failure prompted a rally in BTC as people suddenly saw its value.

Inflation Impact

Furthermore, with CPI data set to be announced tomorrow it is anticipated that Fed will soon divert from its fight against inflation which could result in higher inflation for Americans should more bank runs occur at an unprecedented rate around world.

Conclusion

As these events unfold it remains to be seen if crypto investments can prove beneficial for investors amidst an uncertain global economy caused by these bank failures and whether or not we may see another major rally like 2013’s Cyprus Rally in response to this news.

Bitcoin (BTC) Struggles To Maintain Momentum At $25,000

• Bitcoin (BTC), the world’s most well-known and valuable cryptocurrency, has been struggling to maintain its momentum at the $25,000 price point in recent times.
• As Bitcoin (BTC) price fluctuates, Ankr (ANKR) gains momentum and Orbeon Protocol (ORBN) continues to pump during the ongoing presale with a new price for tokens at $0.0835 during phase 9.
• Let’s get into the details of Ankr (ANKR), Orbeon Protocol (ORBN), and Bitcoin (BTC).

Ankr (ANKR)

Ankr (ANKR) is an innovative and cutting-edge web3 infrastructure platform that offers developers a plethora of powerful tools and resources to create decentralized applications (dApps). The Ankr (ANKR) platform allows developers to build and deploy dApps in a faster, more secure and cost-efficient manner than traditional Web2 infrastructure. The Ankr(ANKR) suite of development tools includes an array of decentralized services that can be used for a wide range of applications such as DeFi, gaming, eCommerce and more — making Ankr(ANKR) one of the most comprehensive Web3 infrastructure platforms currently available. In an exciting development, Ankr(ANKR) has announced a strategic partnership with Microsoft to offer node hosting services to any project that needs seamless access to blockchain data. The Ankr(ANKR) partnership with Microsoft is a testament to the Ankr(ANKR) team’s commitment to providing developers with reliable and secure access to blockchain technology. In terms of price, Ankr(ANKR) has risen from $0.015 at the start of 2023 to a current price of $0.3513 — demonstrating the significant potential of Web3 infrastructure platforms.

Orbeon Protocol (ORBN)

Orbeon Protocol (ORBN), is one of the biggest cryptocurrency presales currently on going with tokens being sold for $0.0835 during phase 9 .The presale will continue until all tokens are sold out or until March 15th ,2023 when token prices will rise above current levels . This is great news for investors looking for high returns on their investments given that Orbeon protocol offers rewards from staking as well as additional income from trading their ORBN tokens .

Bitcoin Impact

Bitcoin’s emergence marked a significant turning point in history which made it possible for us today have blockchain revolution we see today . Although bitcoin tends experience turbulent periods , where its value fluctuates wildly , it still remains one off he most valuable cryptocurrencies in existence currently worth over 25k USD per unit .

Conclusion

In conclusion , although bitcoin may have seen some turbulence lately but its value is still very much intact while other projects such as ORBN & ANKR are taking advantage off this period by introducing new technologies & partnerships which could potentially revolutionize how people interact with digital currency in future .