News with the tag "swyftx"

Only time will tell if Donald Trump’s memecoin was a good move in his plan to push crypto during his upcoming US presidential term.

A crypto analyst says we are yet to see the “Santa rally” the market has been hoping for after $1 billion was liquidated in the crypto markets in just 24 hours.

The pullbacks in the crypto market will be a “buy a dip” scenario for “much longer than everyone expects,” according to Syncracy Capital co-founder Daniel Cheung.

Pav Hundal, the lead analyst at Swyftx, believes altcoins remain in a cycle of massive gains and pullbacks until Bitcoin reaches the $100,000 level. The analyst also suggested that while several coins, including some memecoins, have been outperforming the top cryptocurrency, altcoins will remain sha...

Swyftx lead analyst Pav Hundal says that an “exuberant move” from Bitcoin is needed to kick off the highly anticipated altcoin season.

Almost $180 million in short positions in Bitcoin have been wiped as it hit a new all-time high, with an analyst saying it is “meaningful” that it is driven by spot demand.

Crypto analysts suggest a Trump victory could give the crypto market a “dopamine hit,” but with considerable volatility already priced in, traders should remain cautious.

Bitcoin reaching $75,000 to $80,000 by Christmas seems plausible, but hitting six figures will require everything to “go right from here,” according to a crypto analyst.

Bitcoin mining difficulty surged by 3.6% to an all-time high of 92.67 trillion from 89.47 trillion. Bitcoin’s hash rate also recently rose to peak levels of 700 EH/s but has now settled at 670 EH/s. The increased mining difficulty has significantly mounted pressure on the profit margins of the minin...

Crypto analysts say Mt. Gox holders are more likely committed to HODLing, and the market thinks so too.