Bitcoin News Daily Official TheBitTimes.com

Leading global investment bank JP Morgan has predicted a major US stock market crash. The bank remains cautious on the S&P 500 index noting that a 20% downside could be on the cards. JP Morgan ’s doomsday stock market prediction comes when BRICS is looking to uproot the dollar and damage the US economy. Also Read: Major U.S. Sector To Be Affected If BRICS Ditches the Dollar The US economy will lead to its own undoing with BRICS having little to bring it down, according to JP Morgan . The banking firm noted that the largest 20 US stocks have surged more than 27% in value year-to-date (YTD). The stocks have outperformed the S&P 500 index which surged nearly 16% YTD. The top 20 US stocks also outpaced the Russell 2000 which is up only 1.73% YTD. Also Read: BRICS: India Looks To Reject New Memberships in 2024 BRICS: US Stock Market Could Crash 23%, Warns JP Morgan Source: beincrypto.com JP Morgan has forecasted that a major correction could hit the top 20 US stocks making the

The president of Ripple , Monica Long, in a recent interview, shared her thoughts on XRP’s future price path and trajectory. Amid ETF hype, Long shared how launching an XRP ETF would be sensible, given XRP’s huge momentum and community support. Long later, she reiterated how it would be organic for the token to attract applications given that XRP ticks all the boxes that are mandatory for launching such an extensive product offering in the market. Also Read: De-Dollarization Debunked: US Dollar Still King, Study Finds Long Shares Factors That Support Launching XRP ETF Source – WatcherGuru In an interview with the Block, Long shared that it would be “logical” to expect XRP ETF applications from major organizations. To support her claim, she shared how XRP checks all the required conditions needed to launch a crypto ETF . She first emphasized the popularity quotient of XRP, adding that Ripple currently ranks as the seventh-top crypto by market cap. Secondly, she shared how XRP is the

A widely followed crypto analyst says that one Ethereum (ETH) competitor is going to be decent moving forward while updating his outlook on Bitcoin (BTC). In a new strategy session, crypto trader Altcoin Sherpa tells his 217,600 followers on the social media platform X that smart contract platform Fantom (FTM) appears to be gearing up for some “healthy price action.” “FTM: price consolidating at a key level, interacting w. the 200-day exponential moving average (EMA). I expect a chop range to form between $.50 and $.70ish for a bit to form a base – this would be pretty healthy price action. I think that FTM is still going to be a decent project going forward with their pivot to Sonic.” Source: Altcoin Sherpa/X FTM is trading for $0.564 at time of writing, a 2.5% gain during the last 24 hours. Moving on to the crypto king, the analyst says Bitcoin’s lack of a follow up after crashing earlier this month is a cause for concern. “BTC: No follow up is a bit concer

Celebrity invest or and author of the best-selling personal finance book ‘ Rich Dad Poor Dad’ Robert Kiyosaki recently took to X to answer the question of whether he would even invest in a Bitcoin (BTC) exchange-traded fund (ETF). As it turns out, despite being one of the most vocal BTC bulls, Kiyosaki harbors a negative stance on the ETFs, approved in January 2024, and claims he would never invest in any of them.  According to Kiyosaki, exchange-traded funds are ‘fake’ – a criticism he has also frequently levied against fiat currencies. He also explained that the situation is the same whether BTC ETFs are in question or ones tied to commodities such as gold and silver. Picks for you Bitcoin set for a major low: Here’s when to seize the next ‘big buying’ opportunity  2 mins ago

Our spotlight is on the best altcoins to invest in, but first, let us look at the prevalent sentiment surrounding Bitcoin. The token has failed to maintain a projected strong position above $66,000 to trade at around the $60,000 mark currently. Its recent volatility has plunged the general crypto market into a correction phase. With the recent turn of events, choosing the right alt coins to invest in is difficult. Investors are constantly searching for the best cryptocurrencies to buy now. This Analysis aims to streamline this exploration by presenting a curated list of alt coins with potential substantial returns. 5 Best Altcoins To Invest In Certain cryptocurrencies are drawing considerable attention as the crypto market develops through their remarkable performance. Today, we spotlight Maker, Litecoin, Kaspa, and Telcoin. Each of these cryptocurrencies has shown impressive price surges and robust market dynamics. While analyzing the best alt coins to invest in, we’ve also

A top analyst known for making timely altcoin calls believes that Pepe (PEPE) and another fellow memecoin are primed for massive rallies. Pseudonymous analyst Bluntz tells his 263,500 followers on social media platform X that PEPE looks ready to ignite a five-wave surge. Bluntz relies on the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave rally after completing an ABC correction. The analyst shares a chart showing that PEPE has already completed an ABC corrective move and is ready for a rally en route to $0.0000145. “Liking PEPE here, can see a nice five-wave rise and ABC back down done. One of the few alts to actually not get smoked and make new lows.”  Source: Bluntz/X At time of writing, PEPE is worth $0.00001286. Looking at Popcat (POPCAT), the analyst thinks the Solana (SOL)-based memecoin is also done correcting. “POPCAT coming in hot with a turbo strong bounce form the lows. Clear five-waves up on daily and big f*

The crypto market experienced a notable recovery yesterday, showing gains across nearly all top 100 tokens by market cap. Despite this upward trend, significant liquidations totaling over $87 million occurred within the past 24 hours, primarily driven by $56 million in short positions, as reported by CoinGlass. Bitcoin (BTC) has risen by 2.45%, reaching $61,983, while Ethereum (ETH) increased by 1.88%, trading at $3,403. These gains have led to significant liquidations, including approximately $30.9 million in long positions, underscoring the market’s volatility. This recovery comes after a recent decline, with Bitcoin dropping to as low as $59,780 on Monday. Analysts are now monitoring the activities of “accumulation whales,” large investors who may capitalize on lower prices to accumulate significant cryptocurrency assets. Biggest Crypto Gainers Today – Top List Today’s cryptoverse is a mosaic of investor feelings and market movements. With the Fear & Greed Index registering

In a significant development for the cryptocurrency market, asset managers are eagerly preparing for the launch of new spot Ethereum ETFs, pending approval from the US Securities and Exchange Commission (SEC).  Bitwise Chief Investment Officer (CIO) Matt Hougan has weighed in on the potential of these ETFs, predicting substantial in flows into the regulated market within the first months of trading. Market Data Suggests $15B Demand For Spot Ethereum ETFs Hougan’s projections are based on a thorough Analysis of available data. He emphasizes that there is no need for speculation when estimating the demand for spot Ethereum ETFs. Instead, Hougan points to the existing market data to support his forecast of $15 billion in net in flows during the initial 18-month period. To arrive at this estimate, Hougan compares the relative

June has been a bloody month for the crypto markets with many of the most prominent cryptocurrencies experiencing severe downtrends. Bitcoin (BTC) took much attention in the last week of trading as it rapidly fell from its relatively steady levels near $66,000 to about $60,000 amidst fears that the German government or Mt. Gox might soon collapse the price further with their announced and anticipated actions. Likewise, Solana (SOL), the token of one of the most active blockchains in the sector, sparked rumors, with some claiming a huge case against the token will soon be revealed as it collapsed from around $180 to under $130. Picks for you R. Kiyosaki reveals his Bitcoin trading strategy 46 mins ago How rich is Oregon's progressive se