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Markets

Bitcoin and Crypto Closing Out Lame Quarter and One Analyst Believes More Pain Could Be in Store

The price of bitcoin has dipped nearly 15% during the second quarter and altcoins fared even worse.

(sergeitokmakov/Pixabay)

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What's Next for Bitcoin After Fed Predicts Just One Rate Cut for 2024

Bitcoin (BTC) has been trading under pressure following the Fed's hawkish interest rate projections on Wednesday, but some analysts remain bullish on the leading cryptocurrency. 10x Research founder Markus Thielen said in a note to clients that lower CPI numbers tend to drive bitcoin prices up and they expect this trend to continue. CoinDesk's Michele Musso presents "The Chart of the Day."

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Markets

Bitcoin Could Lift to $83K in the Coming Days, Analyst Says

The bullish forecast comes ahead of key U.S. data that is likely to influence Fed rate cut expectations.

BTC's price chart. (10x Research)

Markets

Research Firm Favors Bitcoin 'Covered Strangle' Strategy to Enhance Portfolio Yield by 17%

Research firm 10x suggests bitcoin holders use the options strategy to enhance portfolio yield by 17%.

Strategy, board. (kaboompics/Pixabay)

Videos

Why Bitcoin May Fall to $52K

10x Research co-founder Markus Thielen joins Helene Braun on "Markets Daily" to discuss his latest research report ahead of the bitcoin halving. Plus, he looks into his crystal ball and predicts how low the price of bitcoin (BTC) will fall.

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Is There a 'Significant' Correction on the Horizon?

10X Research founder Markus Thielen, the analyst who predicted the recent surge to record highs, has turned bearish on risk assets, including tech stocks and cryptocurrencies. Thielen said in a note to clients that the firm’s "growing concern is that risk assets are teetering on the edge of a significant price correction." CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Markets

Stablecoin Growth Is More Important Cue for Crypto Bull Market Than Bitcoin ETF Inflows: Analyst

Rapidly expanding stablecoin supply shows that "fiat money is being moved into crypto at an accelerated pace," 10x Research's Markus Thielen said.

The supply of stablecoins USDT and USDC  grew by $10 billion in a month, 10x research noted. (Shubham Dhage/Unsplash)

Videos

Could Bitcoin Rally to $80K on Triangle Break?

A technical analysis by 10x Research predicts that bitcoin could soon rally to new record highs of $80,000 after breaking through a so-called triangle resistance. The breakout comes after the latest job report that indicated resilience in the U.S. economy. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Videos

Is Korea's Upcoming Election Behind the Meme Coin Frenzy? With Markus Thielen

10x Research founder Markus Thielen joins CoinDesk with his analysis on bitcoin's (BTC) recent price movements and prediction on where the market is heading. Plus, insights on spot bitcoin ETF inflows, driving forces behind the recent meme coin frenzy, and the future of Microstrategy's stock.

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Markets

Bitcoin Correction May Continue if ETF Inflows Disappoint in Next Few Days: 10x Research

Bitcoin ETF inflows on Monday and Tuesday will be the "real test" for what's next for the largest crypto asset's price, Markus Thielen wrote.

Graph superimposed over a markets monitor

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