Get Smarter About Crypto

₿itcoin reached $52,333. +0.50%

♢Ethereum reached $2,937. +0.28%

What we will talk about today...

📊🚀 Bitcoin and Ether: What’s Going On with Crypto Prices

📈🤔 Ether and Altcoins: What People Say About Crypto Prices

🧐💰 Bitcoin to $100K: What Robert Kiyosaki Says

Bitcoin and Ether: What’s Going On with Crypto Prices

Bitcoin and Ether are the two biggest cryptocurrencies in the world. They are digital money that can be used online. Let’s see how they are doing now and what they might do in the future.

📉 Bitcoin’s Daily Movements:

Bitcoin (BTC) went down to a low point on Feb. 20, because of low demand from buyers during a U.S. holiday. BTC price reached $51,329 on Bitstamp, showing a temporary stop in the recent rise. The recovery after the Feb. 19 daily close brought BTC back to $52,000.

📊 ETF Flows and Market Feeling:

The market was quiet because of the President’s Day holiday, which stopped new money from coming into spot Bitcoin ETFs. These are funds that track the price of Bitcoin and make it easier to invest in it. ETFs have been a big factor in making the market feel positive in recent weeks, as investors try to guess what big players will do next.

💬 What Analysts Say and Possible BTC Targets:

Analysts say that the long weekend gave BTC a chance to calm down after fast gains. They gave some possible lower targets, such as $51k, $50k, and $48.6k, if the current support levels don’t hold. They also said that it is important to watch BTC’s behavior in the short term, but not to change the long-term view.

🚀 Ether Goes Up Towards $3K:

Ether (ETH) gets attention as Bitcoin slows down, showing strong performance. ETH/USD reaches new highs, hitting $2,984 on Bitstamp. Analysts say that there is a big shift towards Ethereum, which is the network that runs Ether and other applications.

💡 Market Outlook and Altcoin Chances:

Market players are hopeful about the potential of altcoins, which are other cryptocurrencies besides Bitcoin, led by Ether’s rise. Even though altcoins are in focus, analysts think that Bitcoin should stay strong on weekly timeframes.

The overall feeling is that altcoins offer good chances for traders, depending on Bitcoin’s continued strength. As the cryptocurrency world changes, people are watching both Bitcoin’s slowdown and Ether’s rise. Analysts keep an eye on market changes, showing the potential for both BTC and altcoins in the next weeks. 📈🚀

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Ether and Altcoins: What People Say About Crypto Prices

Ether (ETH) is the second biggest cryptocurrency in the world. It runs on the Ethereum network, which has many applications. Let’s see how Ether is doing now and what people think about it and other cryptocurrencies.

🚀 Ether’s Rise and Altseason Hype:

Ether (ETH) reached a high point of $2,980 on Feb. 19, getting close to $3,000. Some people think that Ether’s rise means that it is starting an “ETH bull market” and maybe an altseason in the crypto space. An altseason is when other cryptocurrencies besides Bitcoin (BTC) do well. Some reasons for this are Ethereum’s coming upgrades and scaling solutions, which could make it faster and cheaper.

🗣️ Crypto Community Hope:

Apollo Capital’s CIO, Henrik Andersson, says that Ethereum has done worse than Bitcoin (BTC) over the last year, but it could catch up because of supply sinks and Ethereum’s deflationary nature with the move to Proof of Stake (PoS). PoS is a new way of running the network that uses less energy and rewards holders. Coinbase’s senior engineering manager, Yuga Cohler, says that the crypto space is starting an “ETH bull market” that could help altcoins. Economist and trader Mikybull Crypto says that March is usually good for ETH, expects a move to $3,000, and predicts a big altseason cycle.

💡 Analyst Caution and Lack of Proof:

Markus Thielen, head of 10x Research, disagrees with the altseason story, saying that there is not enough proof and that Bitcoin’s dominance at 51% is still strong. Thielen says that Bitcoin dominance needs to go below 45% to start a real altcoin season. He also says that recent altcoin rises have not lasted, showing a higher risk compared to Bitcoin investments. Ethereum’s rise, according to Thielen, seems more related to possible ETF approvals in May than to more activity on decentralized applications. ETFs are funds that make it easier to invest in cryptocurrencies.

📊 Market Metrics and Warning Signs:

Blockchain analytics firm Santiment warns based on the Market Value to Realized Value (MVRV) metric, showing possible overbought signs during the current market rise. The MVRV ratio, calculated by dividing total market cap by realized cap, is used to find local market highs and lows. Santiment says that while most crypto projects have made money in the past few months, the current rise increases the risk of buying or opening new positions.

The crypto space is still changing, with some people hopeful for an altseason because of Ether’s rise, and some analysts careful, saying that there is a need for more proof and that Bitcoin is still dominant in the market. 📈🧐

Bitcoin to $100K: What Robert Kiyosaki Says

Robert Kiyosaki, the famous author of “Rich Dad Poor Dad,” has shared his positive view on Bitcoin, expecting a big price rise. Kiyosaki thinks that Bitcoin will reach $100,000 by June 2024, which is similar to what he said before about Bitcoin going up and gold going down.

📈 Positive Prediction and Recent Actions:

Kiyosaki recently posted his positive prediction on the social media platform X, showing confidence in Bitcoin’s future. Last week, he also said that Bitcoin and silver prices will go up, but gold prices will go down below $1,200. Right now, Bitcoin is trading at $51,798.

🔄 More Bitcoin Holdings:

Kiyosaki has changed his investment plan because of the recent changes in the cryptocurrency market. He bought more Bitcoin, expecting a price rise because of the new spot Bitcoin ETFs, which make it easier to invest in Bitcoin, and the upcoming Bitcoin halving, which will make Bitcoin more scarce and valuable.

💡 Thoughts on U.S. Economy and Financial Markets:

Kiyosaki has been worried about the U.S. economy, comparing it to the possible fall of the Roman Empire. He has warned of coming crashes in both the stock and bond markets, saying that the next crash could cause a depression. Because of the growing U.S. government debt, Kiyosaki has told investors to think about Bitcoin as a way to protect their wealth from losing value.

🚀 Bitcoin After Halving:

Kiyosaki’s positive view matches other positive views in the market. Many experts, including David Stryzewski, Tim Draper, and Ark Invest, have given positive Bitcoin price predictions, from $77,000 to $1.5 million per coin. These experts agree that Bitcoin will have a big rise after halving, with possible price goals reaching over $100,000.

As the cryptocurrency market keeps changing, Robert Kiyosaki’s support adds to the growing trust in Bitcoin’s future for big growth in the next months. Investors are watching the market changes and important people as they explore the changing world of digital assets. 🌐🚀

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