As cryptocurrency markets reel from a $400 billion collapse that saw Bitcoin drop 7%, Ethereum 13%, and XRP 10% in just one week, prominent economist Alex Krüger is demanding radical change. In a November 6 social media post, Krüger argued that crypto markets need regulated market makers with obligations mirroring those on the New York Stock Exchange to prevent catastrophic liquidity gaps during volatile periods. The call for traditional finance safeguards comes as analysis from the Kobeissi Letter reveals an average of 300,000 traders were being liquidated daily during the recent turmoil.
about Crypto Needs NYSE-Style Rules to Prevent Crashes: ExpertTony
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Bitcoin price may drop to 25000 after potential peak of 160000
Bitcoin is projected to face a significant correction, potentially dropping to between $25,000 and $17,000, following historical patterns of bear markets after bull runs. Analyst Tony Severino suggests a peak target of $160,000 before this decline, reflecting a 74.1% increase from current levels. The cryptocurrency’s past cycles indicate decreasing severity in corrections, with the latest bear market seeing a 77% drop from its all-time high.
about Bitcoin price may drop to 25000 after potential peak of 160000Litecoin Predicted to Surge 1500 Percent Against Bitcoin in Coming Months
Litecoin is gaining momentum, with analyst Tony Severino predicting a potential 1,500% increase as it outperforms Bitcoin. Currently trading at $126, Litecoin’s targets against Bitcoin are set at 0.006275 BTC and 0.02 BTC, which could translate to prices of approximately $630 and $2,000, respectively. If Bitcoin remains around $100,000, this could trigger an altcoin season, further boosting Litecoin’s performance.
about Litecoin Predicted to Surge 1500 Percent Against Bitcoin in Coming MonthsBitcoin price analysis suggests ideal sell zones between 169000 and 194000
A crypto analyst has identified a “sweet spot” for selling Bitcoin, projecting price targets between $169,000 and $194,000 as it enters Wave 5 of its bullish cycle. Currently trading at $96,341, Bitcoin is expected to surge by over 75% to reach these levels. Additionally, another analyst suggests that 2025 could be a pivotal year for Bitcoin, potentially marking its next market peak following historical trends.
about Bitcoin price analysis suggests ideal sell zones between 169000 and 194000Ripple and Ethereum Price Predictions Amidst Promising DeFi Developments
Ripple (XRP) is showing a potential bull flag formation, with forecasts suggesting a price surge to $13, while Ethereum (ETH) could reach $5,000 in the next three months. Meanwhile, DTX Exchange is gaining attention for its innovative trading platform, attracting over $11.2 million in funding and promising significant returns for early investors.
about Ripple and Ethereum Price Predictions Amidst Promising DeFi DevelopmentsEthereum Price Surge Predicted as Inverse Head and Shoulders Pattern Emerges
Ethereum is showing signs of a bullish breakout, with an analyst identifying an inverse head and shoulders pattern on its 6-month chart, predicting a price surge to $12,000. Despite a recent decline below $3,500, the pattern suggests a potential trend reversal, supported by increased whale accumulation of ETH tokens.
about Ethereum Price Surge Predicted as Inverse Head and Shoulders Pattern EmergesEthereum Surges 10 Percent Sparking Speculation of Altcoin Season
Ethereum surged over 10% in 24 hours, reaching a market cap share of 13% amid a $47 billion trading volume, while Bitcoin gained 4.4%. This momentum has sparked speculation about an upcoming altcoin season, with the Altcoin Season Index nearing the threshold for a declaration. Enthusiasts are optimistic, with predictions suggesting Ethereum could reach $7,500 if the upward trend continues.
about Ethereum Surges 10 Percent Sparking Speculation of Altcoin SeasonBitcoin Rally May Peak Before Trump’s Inauguration Analyst Predicts
Bitcoin’s price has surged in 2024, nearing the $100,000 mark, driven by factors like Donald Trump’s election and the approval of Spot Bitcoin ETFs. Analyst Tony Severino predicts a peak around Trump’s inauguration on January 20, 2025, based on cyclical price patterns, despite a recent dip to $92,600 due to profit-taking. Long-term projections suggest potential highs of $133,000 to $145,000 as the market remains in a strong bullish phase.
about Bitcoin Rally May Peak Before Trump's Inauguration Analyst PredictsWealthy Individuals Consider Leaving UK Amid Upcoming Tax Changes
Many wealthy individuals are contemplating leaving the UK due to upcoming tax changes, particularly affecting non-dom status and inheritance tax, set to take effect on October 30, 2024. Tony Müdd from St. James’s Place notes that many Asian clients are already planning permanent relocations to more tax-friendly jurisdictions like Hong Kong and Singapore. He advises a cautious approach, suggesting that most should wait and see how the situation unfolds before making significant financial decisions.
about Wealthy Individuals Consider Leaving UK Amid Upcoming Tax ChangesStock Market Corrections Can Lead to Higher Returns Over Time
Stock-market corrections can enhance returns, as evidenced by the S&P 500’s performance since 1989, which has seen 20 corrections averaging 14%. Historical data indicates that returns are significantly higher following spikes in the VIX, suggesting that recent volatility may offer attractive buying opportunities.
about Stock Market Corrections Can Lead to Higher Returns Over Time