Bitcoin price rallied over 58% since May, when the M2 money supply turned positive year-over-year for the first time since November 2023.
Analysis news
Analysts are eyeing a 20–30% Bitcoin correction before the world’s first cryptocurrency breaches the $100,000 mark.
Bitcoin’s price action has historically benefited from economic concerns and issues in the banking industry.
Analysts are eyeing a potential $20,000 cycle top for the Ether price, which is expected to gain momentum in the first half of 2025.
Nansen and Tron team up to take advantage of each other’s strengths to bolster their services.
The analyst’s predictions come shortly after Bitcoin staged the best weekly return since the 2023 US banking crisis.
The last time the Crypto Fear & Greed Index had a score of 80 was on April 9, just before Bitcoin saw an over 18% correction over the following three weeks.
Bitcoin price is now just 17% away from surpassing the $100,000 mark, which could occur before the end of 2024 due to Trump’s presidential victory, analysts told Cointelegraph.
By supporting Bitlayer, Nansen plans to build the foundation for deeper BTC L2 insights and more efficient decision-making.
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