Connect with us

ATH

Van de Poppe predicts potential for new ATH in the coming weeks as BTC Hits $105K

Published

2 months ago

on



Crypto analyst Michaël van de Poppe said that there is a high chance Bitcoin will hit a new all-time high in the coming weeks.

In a recent post on X, Michaël van de Poppe celebrated Bitcoin’s surge to $105,000 on Jan. 30. According to CoinGecko, Bitcoin (BTC) opened at $103,719 on this day and is now trading at $105,137. Expressing optimism, van de Poppe suggested that a new all-time high could be on the horizon in the coming weeks.

This followed his earlier X post where he noted that Bitcoin had reached $104K after the FOMC meeting and projected that if it broke above $105K, a new ATH high in Feb. would be likely. The FOMC meeting, which was held on Jan. 29, concluded with the decision of maintaining the federal funds rate within the target range of 4.25% to 4.50%. This decision follows three consecutive rate cuts in the latter part of 2024.

Bitcoin’s surge past $105K erased the losses from the DeepSeek dip and reignited bullish sentiment among analysts. Michaël van de Poppe isn’t the only one who expressed his optimism. Pentoshi also pointed out Bitcoin’s resilience in the face of the broader market weakness. Sharing his thoughts with his 749,200 followers on X, he noted that BTC is holding above the middle of its current range, which has now turned into support. Given this resilience, he sees no reason why new highs shouldn’t be expected soon. 

Bitcoin’s ATH currently stands at $108,786, a record set on January 20.





Source link

Related Topics:
Continue Reading

ATH

Tron has surged 95% in a day and hit a new all-time high

Published

4 months ago

on

December 4, 2024

By


Among the highest-ranked cryptocurrencies by market cap, Tron is the only token that performed up to 104% in a day, while Bitcoin suffered to $93,000 earlier today.

Tron (TRX), a cryptocurrency with a surging $36 billion in market capitalization, has seen a massive trading day with $10 billion in trading volume or an increase of almost 500%. The token price also soared by 95%, from $0.21 to $0.43 in a day at the time of writing.

The token released for blockchain-based operating systems has recorded a news all-time high of $0.4, surpassing the June 2018 peak, and the price also skyrocketed to 157% in just one month.

Tron has surged 104% in a day and hit a new all-time high - 1
1 Day TRX price chart, October 26 – December 04, 2024 | Source: crypto.news

As a blockchain with smart contract functions, they record high transactions from Tether’s USDT. They also become one of the most prominent blockchains for decentralized finance (DeFi) and transactions.

TRX is the only crypto-token among the top-ranked by market cap, which is performed while the others are facing struggling prices after Bitcoin (BTC) dipped to $93,000. Ethereum (ETH) and Ripple’s XRP (XRP) also decreased by 0.46% and 5.5% in a day of trading, respectively.

Tron price predictions

On Dec. 03, Tron had already passed the $20 billion market cap and now surpassed $36 billion. The target price may increase even further, with recent developments saying it would go up to $1 per TRX. This means that the price will rise 150% from the current price of $0.4.

This target comes with a reason: the company now handled Tether’s USDT transactions with over $196 billion, or even bigger than Visa does. The token circulations are also only 86 billion, while the highest is 11 billion circulated in 2022, which means that there is still room to grow along with the ecosystem.



Source link

Continue Reading
Advertisement [ethereumads]

Trending

    wpChatIcon