Cronos price could get washed away as bulls cling to Goldilocks outlook toward $0.10
Cronos (CRO) price is set to face some short-term headwinds as markets enter a very difficult phase for 2023. After roughly two months into this new year, it is becoming clear that markets remain eager to stay positive and push risk assets up to higher heights. In comparison, central banks are pushing against risk assets to limit the risk of inflation taking off again.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Traders sweat as PCE numbers could bear upbeat surprise
Bitcoin price, Ethereum and other cryptocurrencies are gearing up for a significant economic data point out of the US this Friday. The Personal Consumption Expenditures index or PCE is the preferred instrument from the Fed to measure the underlying inflation in the US. After an upbeat surprise out of Europe this week, where final inflation numbers were revised higher, the US PCE could also reveal an uptick.
Ethereum price hints at pullback as centralization risks are likely to emerge after Shanghai upgrade goes live
Ethereum (ETH) price shows a lack of bullish momentum after its new rally formed a local top. This exhaustion led to a minor retracement that caused ETH to flip a recently formed support level into a resistance barrier. Going forward, investors need to exercise caution to not get caught in the choppy price action.
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The IRS stated that rewards from cryptocurrency staking are taxable upon receipt, according to a Bloomberg report on Monday, which stated the agency rejected a legal argument that sought to delay taxation until such rewards are sold or exchanged.
Solana dominates Bitcoin, Ethereum in price performance and trading volume: Glassnode
Solana is up 6% on Monday following a Glassnode report indicating that SOL has seen more capital increase than Bitcoin and Ethereum. Despite the large gains suggesting a relatively heated market, SOL could still stretch its growth before establishing a top for the cycle.
Ethereum Price Forecast: ETH risks a decline to $3,000 as investors realize increased profits and losses
Ethereum is up 4% on Monday despite increased selling pressure across long-term and short-term holders in the past two days. If whales fail to maintain their recent buy-the-dip attitude, ETH risks a decline below $3,000.
Crypto Today: BTC hits new Trump-era low as Chainlink, HBAR and AAVE lead market recovery
The global cryptocurrency market cap shrank by $500 billion after the Federal Reserve's hawkish statements on December 17. Amid the market crash, Bitcoin price declined 7.2% last week, recording its first weekly timeframe loss since Donald Trump’s re-election.
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy
Bitcoin price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot ETFs in January and the reduced supply following the fourth halving event in April.
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