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  • Bitcoin Cash up 7% as bulls defy BTC dump, eye gains on rising volume

    Bitcoin Cash up 7% as bulls defy BTC dump, eye gains on rising volume

    Bitcoin Cash Price

    • Bitcoin Cash has seen a notable surge in the past 24 hours, gaining 8% to $554.
    • The altcoin sees gains as Bitcoin price dumps amid massive sell-off pressure.
    • With trading volume up 44% and rising open interest also surging, BCH could defy the benchmark asset’s dip further and eye highs last seen in December 2024.

    The Bitcoin Cash (BCH) price currently stands at approximately $551.

    While it’s off its intraday highs of $554, it remains above the $550 mark, up as one of the top gainers in the past 24 hours.

    According to CoinMarketCap, this comes as Bitcoin’s latest correction has many altcoins also showing weakness.

    Bitcoin Cash defies BTC dump with 7% gain

    BTC dropped to below $115k after Galaxy Digital, a prominent crypto investment firm, offloaded 30,000 BTC in under 24 hours.

    Liquidations spiked amid the Bitcoin dump, but Bitcoin Cash looked to buck the trend.

    Its intraday gains of over 8% see it rank among the top performers in the 100 largest cryptocurrencies by market cap.

    Bitcoin Cash price chart by CoinMarketCap

    Notably, gains keep BCH in an uptrend over the longer time frames. The altcoin’s price is on an upward trajectory since touching lows of $268 in April 2025.

    Also, the price gain amid a 44% increase in trading volume to over $870 million suggests potential buying pressure.

    Crypto analyst CW points to increased whale interest, particularly in China.

    Is BCH poised for a rally to $1,000?

    BCH price last traded at $1,000 in May 2021, at the time when bears pushed it lower from above $1,427.

    In the past year, an attempt by buyers to reclaim the level fizzled out at around $624 in December 2024.

    While the cryptocurrency has struggled for upside momentum, analysts are increasingly optimistic about Bitcoin Cash’s potential to rally toward $1,000.

    Other than the overall long-term bullish sentiment around crypto, the short-term picture highlights robust market metrics and technical outlook.

    BCH price chart by TradingView

    For instance, open interest in BCH derivatives has jumped 24% to $533 million, with volume 28% up to over $1.3 billion.

    A surge in speculative activity signals bullish confidence in the token’s price.

    The technical picture further bolsters this bullish outlook.

    The Relative Strength Index (RSI) currently reads 63.

    Meanwhile, the Moving Average Convergence Divergence (MACD), is also flashing a bullish crossover to hint at potential short-term upward pressure.

    If bulls manage a breakout to the supply wall at $540-$565, they could retest the $620-$650 area.

    Above this, resistance above $700 could allow bulls to target $1,000. Conversely, support lies around $480 and then $380.
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  • BNB price prediction: BNB on cusp all-time high as bulls eye $1,000

    BNB price prediction: BNB on cusp all-time high as bulls eye $1,000

    • BNB price trades above $760, having touched intraday highs of $766.
    • Having come just shy of a new all-time high, it’s possible bulls could target $1,000 next.
    • Overall, altcoin market optimism will catalyse more gains.

    BNB, the native coin of the Binance ecosystem and BNB Chain, is on the cusp of a new all-time high as price hovers near $763 on Monday morning.

    This comes amid a robust uptick for altcoins, with Ethereum exploding to $3,800 and XRP eyeing $4.00.

    While BNB has only managed a modest 2%, price is retesting last week’s resistance level amid an increase of nearly 9% in seven days.

    Despite these small gains compared to other coins, BNB is showing strong technical indicators, alongside a yearly high in Open Interest.

    BNB price nears new all-time high

    The BNB price has continued to trade higher since breaking above $640 in June.

    On Monday, July 21, the altcoin reached an intraday high of $766, a move that saw it come close to hitting its all-time high of $793 reached in December 2024.

    As noted, this rally for Binance Coin aligns with an uptick for altcoins across the broader market.

    With Bitcoin consolidating after hitting new ATH above $123k, it’s altcoins that are in the limelight this past week.

    “With Ethereum leading the way, there has been a huge jump in social media mentions of many altcoins and higher price targets,” analysts at Santiment recently posted.

    Ethereum has climbed above $3,800, and XRP is on the verge of a new all-time high.

    Bulls have pushed Solana towards $200. Elsewhere, altcoins such as Conflux (CFX) have surged significantly to lead top gainers in leading 100 coins by market cap.

    BNB’s market capitalisation has also increased amid the overall upward momentum, hitting above $106 billion as the fifth-largest cryptocurrency targets a new peak.

    BNB price prediction: is a breakout to $1,000 next?

    A look at the charts shows BNB’s bullish outlook has the support of key technical indicators.

    Combining this with prevailing market conditions could offer buyers the chance to break higher.

    Currently, hovering above $760 puts BNB just shy of the $793 peak.

    Profit taking may ensue near the ATH, but Open Interest in BNB futures has soared to a yearly high of $1.04 billion.

    Derivatives volume has also jumped to over $1.38 billion, signalling increased trader bets on the cryptocurrency.

    BNB price chart by TradingView

    The Moving Average Convergence Divergence (MACD) also shows a bullish crossover, confirming sustained upward pressure.

    If BNB bulls weather the likely corrections, the next target above the all-time high will be the psychological $1,000 level.
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  • SUI price sees 15% gain, but are bulls out of the woods yet?

    SUI price sees 15% gain, but are bulls out of the woods yet?

    Sui Price

    • SUI price surged 15% to $2.91, rebounding from a weekly low of $2.29.
    • Gains align with a broader crypto market recovery driven by improved investor sentiment and easing geopolitical tensions.
    • SUI could break above $3 and potentially eye a new peak, or dip to support near $2.

    The SUI token, native to the Sui layer-1 blockchain, has soared by more than 15% in the past 24 hours, with gains to highs of $2.91 coming amid a lift in crypto market sentiment.

    Notably, Sui’s uptick halts a month-long decline that pushed the token from highs of $3.80 to its lowest levels since April. But as the broader market sentiment improves, SUI’s rebound has investors in an optimistic mood as bulls target further gains.

    However, with key resistance levels looming, the question remains whether this surge signals a lasting bullish trend or a bull trap.

    Sui price jumps 15% amid crypto bounce

    After enduring weeks of downward pressure, SUI has rebounded sharply, trading to an intraday high of $2.91 on Tuesday. At the time of writing, the altcoin’s price was at $2.79.

    The double-digit gains align with the uptick in prices for the broader cryptocurrency market, with easing geopolitical tensions and Fed chair Jerome Powell’s remarks adding to investor confidence.

    Sui price also gained as OKX Wallet teamed up with Navi Protocol and Momentum to “bring BTCfi to life” on Sui. The community can take part for a chance to grab a share of $2.5 million in rewards.

    The SUI token thus gained as major assets like Bitcoin (BTC) and leading altcoins posted upward moves.

    However, SUI’s double-digit surge stands out as it reflects a bullish impulse amid what appears as a bearish set still. The token remains 20% down over the past month and is well off its all-time peak of $5.35.

    Sui price prediction: Are bulls ready to run?

    The technical picture shows SUI’s price action in a descending channel on the daily chart. Sui also signals a broader descending triangle pattern. This suggests sellers may yet have a say despite the spike from weekly lows of $2.29.

    A look at the charts shows the RSI bouncing off the oversold level, which means room for growth. The MACD indicator also signals a potential bullish crossover, highlighting gains as critical for bulls if they want to take the upper hand.

    In this case, the key hurdles will be around $3.50 and $4.13. Take these out, and bulls could run to the ATH and higher.

    Sui price chart by TradingView

    Conversely, failure to maintain momentum could see SUI retreat to the $2.43 support, where a recent local low formed. If bears breach this level, it might be a bloodbath to the psychological $2 or lower.

    SUI’s 15% surge reflects a broader market recovery and renewed interest in the SUI ecosystem.

    Yet, with critical resistance levels ahead and the threat of bearish pressure lingering, the token’s trajectory remains uncertain.
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  • Injective price jumps as bulls extend gains amid Bitcoin spike

    Injective price jumps as bulls extend gains amid Bitcoin spike

    Injective Bulls Take On Bears

    • Injective price is extending gains above the $10 mark.
    • Bitcoin’s rally above $105k and real-world assets tokenization catalysts could drive the INJ price higher.
    • INJ technical outlook is largely bullish.

    Injective (INJ) is among the top-performing altcoins on Monday as bullish sentiment sweeps through the cryptocurrency market.

    The token is trading above $13.60, lifted by renewed investor confidence following Bitcoin’s surge past $105,000.

    With macroeconomic optimism and progress on regulatory fronts driving broader market momentum, analysts suggest Bitcoin could challenge new all-time highs in the near term.

    This backdrop is fuelling capital rotation into altcoins, with projects like Injective benefiting from increased speculative interest.

    A layer-1 blockchain focused on decentralised finance and real-world asset tokenization, Injective has continued to attract attention as narratives around scalability and use-case-driven growth gain ground.

    Injective price extends gains above $10

    Injective (INJ) price is up 7% in the past 24 hours, gaining as top alts such as Ethereum, BNB, and Solana break to key levels.

    The price of INJ has surged after recently breaking past the $10 mark.

    Currently, it changes hands for around $13.62. However, it hovered at highs of $14.29 on May 12, 2025, to hit its highest level since late February.

    Amid the price gains, Injective’s market cap rose to $1.37 billion, although the 24-hour trading volume remained modest at $172 million.

    Having surged 46% in seven days and 67% in the last 30 days, the overall market interest might see bulls take control.

    Bitcoin rally and RWA tokenization drive INJ price

    While Bitcoin’s rally is fueling further optimism across the market, catalysts for INJ price also include strong institutional demand across its RWA ecosystem.

    Tokenization is a key tailwind for Injective, with a recent Four Pillars report highlighting how this sector is shaping up INJ for traction.

    Recent bull cycles have had DeFi, play-to-earn games, memecoins, and AI tokens explode.

    Now, analysts say while these areas see growth, the RWA market’s growth has blockchains like Injective in the spotlight.

    Injective’s network, optimized for the tokenization of traditional assets like stocks, stablecoins, and commodities, stands as a likely beneficiary.

    Investors eyeing an on-chain opportunity are increasingly seeing it as the go-to platform.

    RWA adoption may further boost INJ’s price momentum.

    Injective price technical outlook

    From a technical perspective, INJ’s daily chart paints a bullish picture.

    INJ chart by TradingView

    The daily Relative Strength Index (RSI) currently hovers in overbought territory.

    However, it’s not overly extended to suggest more room for bulls.

    If it sees a pullback, INJ will likely bounce off support around $11.05 and $10.22.

    This scenario may align with the Moving Average Convergence Divergence (MACD), which shows a bullish crossover.

    The histogram indicates an upward momentum. If this happens, bulls will target $16 and then $20.

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  • Crypto news today: Bitcoin bulls eye $100K breakout; SUI, AVAX charts show potential

    Crypto news today: Bitcoin bulls eye $100K breakout; SUI, AVAX charts show potential

    Crypto news today: Bitcoin bulls eye $100K breakout; SUI, AVAX charts show potential

    • Bitcoin gained over 10% this week, testing key resistance near $95,000 amid strong buying.
    • US Spot Bitcoin ETFs saw massive $3.06 billion weekly inflows, signaling renewed institutional interest.
    • Avalanche (AVAX) consolidates near $23.50 resistance; a breakout could target $31.73 (double-bottom).

    Bitcoin demonstrated renewed strength this week, posting gains of over 10% as determined buyers pushed the price back towards the significant overhead resistance level near $95,000.

    While consolidating below this key hurdle, the fact that buyers haven’t ceded significant ground suggests underlying bullish conviction, further supported by robust institutional inflows and optimistic analyst projections.

    ETF inflows signal renewed institutional appetite

    The sharp upward move in Bitcoin’s price has been significantly bolstered by resurgent buying activity in the US spot Bitcoin exchange-traded funds (ETFs).

    Data from Farside Investors revealed impressive weekly inflows totaling $3.06 billion into these funds.

    Commenting on this influx, Bloomberg ETF analyst Eric Balchunas highlighted on X (formerly Twitter) how notable it was to witness “HOW FAST the flows can go from 1st gear to 5th gear,” indicating a rapid acceleration in institutional demand.

    This renewed buying coincides with bullish technical and quantitative signals. 21st Capital co-founder Sina noted on X that Bitcoin had reclaimed its “power-law price,” a model suggesting considerable long-term upside.

    Sina’s Bitcoin Quantile Model projects potential targets between $130,000 and $163,000 before the end of 2025.

    Other anonymous analysts, like apsk32, hold even more ambitious short-term targets, predicting a move above $200,000 in the fourth quarter of this year.

    Bitcoin (BTC) price analysis: bulls target $100K

    The price chart reveals a tense battle unfolding near the critical $95,000 resistance.

    Technical indicators currently favor the bulls: the 20-day exponential moving average (EMA), sitting around $88,619, is sloping upwards, and the relative strength index (RSI) is positioned near overbought territory, signaling strong buying momentum.

    A decisive close above the $95,000 mark could act as a powerful catalyst, potentially propelling the BTC/USDT pair towards $100,000 and subsequently to the $107,000 region.

    However, sellers are expected to mount a strong defense in the zone between $107,000 and $109,588.

    Conversely, the 20-day EMA serves as crucial near-term support.

    A break below this level could invalidate the immediate bullish momentum and potentially pull the price back into the broader range between $73,777 and $95,000.

    Looking at the 4-hour chart, bears are actively defending the $95,000 level but have struggled to push the price decisively below the shorter-term 20-EMA.

    A rebound off this moving average would strengthen the case for an eventual breakout above $95,000, targeting $100,000.

    However, failure to hold the 4-hour 20-EMA could lead to a deeper pullback towards the 50-simple moving average (SMA), a key level bulls must defend to prevent a slide towards $86,000.

    Sui (SUI) price analysis: testing resistance, eyeing upside

    Sui (SUI) has encountered resistance near the $3.90 level.

    However, the pullback from this high has been relatively shallow, indicating that bulls are holding their positions rather than rushing to take profits.

    If the price remains above the 38.2% Fibonacci retracement level at $3.14, buyers are likely to make another attempt to push the SUI/USDT pair above $3.90.

    A successful breakout could see the price surge towards $4.25 and potentially $5.00.

    On the downside, a break below $3.14 would signal the start of a more significant correction, potentially targeting the 50% retracement level at $2.94.

    Buyers are expected to defend the zone between $2.94 and the 20-day EMA (currently around $2.69).

    The 4-hour chart shows support near the 20-EMA, but sellers remain active at higher levels.

    A break below the 4-hour 20-EMA could trigger a drop to $3.14, while a push above the
    3.81−3.90 resistance is needed to confirm the next leg up towards $4.25.

    Avalanche (AVAX) price analysis: range consolidation, breakout potential

    Avalanche (AVAX) has been consolidating within a range defined by support at $15.27 and resistance near $23.50.

    Trading within such ranges often involves buying near support and selling near resistance.

    While buyers haven’t yet managed to decisively break above $23.50, the fact they haven’t given up much ground suggests accumulation might be occurring.

    A breakout above $23.50 would complete a potential double-bottom pattern, a bullish formation with a calculated target objective near $31.73.

    However, this optimistic scenario would be invalidated if the price turns down and breaks below the moving averages, suggesting the range-bound action might persist.

    On the 4-hour chart, AVAX has been consolidating tightly between $21.60 and $23.10. This narrow range indicates bulls are holding firm, anticipating further upside.

    A break above $23.10 could trigger a move towards $25, likely overcoming the resistance at $23.50.

    Conversely, a drop below $21.60 would signal weakening bullish resolve, potentially pulling the price down towards $19.50.

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  • Arthur Hayes says macro setup favours Bitcoin bulls as KangaMoon attracts investors

    Arthur Hayes says macro setup favours Bitcoin bulls as KangaMoon attracts investors

    • Arthur Hayes is bullish on crypto amid the macro setup that he says could present a golden opportnity
    • He says altcoins as well as presale tokens may be worth a look at as crypto exits latest window of weakness
    • KangaMoon (KANG) is one of the new projects attracting huge attention as its presale noves towards a close

    Arthur Hayes believes the crypto market is set to continue on the upside, pointing to the macro setup and the sovereign debt bubble. The Maelstrom family office head, is also bullish on altcoins and new token launches that he says present a “golden opportunity” after the recent crypto weakness.

    With the market likely to flip bullish in coming months, could this be the time to take advantage of the KangaMoon (KANG) presale?

    Arthur Hays explains bull market setup and potential opportunities

    BitMEX exchange co-founder and former CEO Arthur Hayes is bullish on crypto rebounding after the recent dip, noting that prices could “get sillier on the upside.” This, he argued in his “Left Curve” blog post, could be a ‘golden opportunity” for investors to add to their positions.

    In his opinion, the market is currently exiting “the window of weakness” that likely followed the April 15 US tax payments and the recent Bitcoin halving event.

    While the factors that drove Bitcoin price from zero to $70k over the past decade may not be the same ones at play in the future, Hayes says the macro setup and the fiat liquidity surge that fueled BTC’s staggering gains can only get more pronounced, particularly as “the sovereign debt bubble begins to burst.”

    “As we enter the northern hemispheric summer and decision-makers enjoy a respite from reality, crypto volatility will decline. This is the perfect time to take advantage of the recent crypto dip to slowly add to positions,” the BitMEX co-founder noted.

    Altcoins pounded during the latest dump, new token launches and presales are all likely to offer great entry points. These opportunities could materialise over the next few months.

    KangaMoon brings GameFi and SocialFi to meme world

    KangaMoon (KANG) is a new SocialFi and play-to-earn gaming project currently in presale.

    The project, which also taps into meme culture to spice up the epic game battles, has a strong pull due to what the native $KANG token offers to holders. With KangaMoon, the opportunities to earn more $KANG and other exclusive rewards are available right from the presale stage. 

    Kangaverse is the GameFi platform’s ecosystem for contests and tournaments. $KANG holders can access these chances to earn more tokens through weekly, monthly and quarterly competitions and game challenges.

    What makes KangaMoon a potentially great opportunity?

    What makes KangaMoon a potentially great investment opportunity is its current presale price. $KANG’s value during the five stages of the token sale has increased from $0.005 to $0.0196, meaning early birds are looking at about 280% upside on the price.

    However, the current price is also likely to be a great entry point given market predictions for Bitcoin and the altcoin sector. Analysts are also bullish on play-to-earn, while meme coins may see a new leg of interest.

    A look at KangaMoon’s performance as stage 5 of the presale nears a close shows a great deal of confidence in the project from early investors. KangaMoon has raised more than $5.2 million so far, with the final stage 48% sold out.

    Investors can take advantage of the 20% bonus available on all purchases to load up on what could be the next top big thing in SocialFi and P2E.

    To learn more or buy $KANG, visit the official KangaMoon website.

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  • Bitcoin skyrockets to $44,000 as bulls brush bears aside

    Bitcoin skyrockets to $44,000 as bulls brush bears aside

    Bitcoin Bulls Touch 44k
    • Bitcoin price rose to a high of $44,100 on Coinbase on Tuesday as bullish sentiment strengthened.
    • The flagship cryptocurrency’s market cap also cross above $850 billion.
    • Analysts say a brief pullback is likely, though we could see prices rally to $47k-$48k.

    Bitcoin (BTC) price broke past $43,000 on Tuesday afternoon, rising as high as $44,100 on major cryptocurrency exchange Coinbase. This follows the breakout to above $42k on Monday as the world’s largest digital asset by market capitalization continued to enjoy the latest bullish ride.

    BTC is up 5% in the past 24 hours and 14% in the past week, trading at around $43,800. Its market cap has reached $850 billion after seven consecutive weekly green candles.

    According to data from Coinglass, more than $100 million in Bitcoin liquidations have occured in the past 24 hours, with over $80 million in shorts.

    BTC hits $44k, but is a pullback due?

    On Tuesday, the upsurge happened after a brief retreat from above $43k area, and with price hovering at this yearly high, it’s possible an extension could see buyers retest a crucial resistance level analysts have pointed out.

    According to crypto analyst Ali, a price correction for the benchmark cryptocurrency “is coming.”

    While the market may still rally higher, the analyst sees a potential pullback as highlighted by the TD Sequential indicator on both the daily and 3-day charts. The retreat could happen “within the next 7 to 48 hours,” Ali added, basing his prediction on the charts’ outlook.

    If Bitcoin continues higher, it could target the $47k-$48k area, which is a key resistance zone.

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  • bulls need to strengthen above $20

    bulls need to strengthen above $20

    • Solana (SOL) price traded to above $20.00, hitting $20.50 after bouncing off $18.40 earlier this month.
    • Can bulls take advantage of positive sentiment for Solana to break higher?

    Solana price has reached a key technical level, with the 24-hour upside to $20.50 retesting a 10-day high that’s an area of a previous support and resistance. With nearly 4% increase in the past 24 hours, Solana is outperforming all the top ten cryptocurrencies by market cap except XRP.

    Bitcoin is back below $27k after latest SEC delays of decisions on multiple spot ETF applications, including that of BlackRock. Ethereum, buoyed by news of listing of the Valkyrie ETH futures ETF to near $1,700, has bounced lower too even as whales position themselves for a likely upswing.

    What’s the outlook for Solana, an altcoin with a market cap of $8.3 billion? 

    SOL price: what next for bulls?

    SOL price’s uptick today comes as SOL bulls plot to stay above an ascending trendline support that’s anchored at the December 2022 buffer zone around $9.60.

    As can be seen on the daily chart below, Solana has bounced higher (not perfect) off the positive trendline. The price action follows this week’s breakout from the downtrend line marked by the decline from July 2023 peak of $32.40.

    Solana price outlook on the daily chart. Source: TradingView

    Earlier today crypto trader Bluntz highlighted the potential for an inverse Head & Shoulder pattern. The pattern’s neckline is $20.30 and the 50-day exponential moving average provides the immediate supply zone $20.22. 

    Holding at or above these levels is crucial to the bulls short term plans, an outlook supported by the daily Relative Strength Index (RSI) in an upsloping view above the neutral  mark.

    The flipside of the above scenario is Solana price breaking lower beyond the $18.80 demand zone. Increased sell-side liquidity in this area could push SOL to around $17.60. From here, bulls may rely on the likely support near $14.50.

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  • Bitcoin price surges to $26K as bulls react to CPI data

    Bitcoin price surges to $26K as bulls react to CPI data

    • Bitcoin price hit highs of $26,553 on Coinbase, with 16% upside in 24 hours.
    • US inflation data showed CPI rose 6% in the past 12 months in February.
    • On-chain data suggests BTC price could rally to $30,000 in the short term.

    Bitcoin rose sharply on Tuesday, breaking past $26,000 as the crypto market reacted positively to the latest Consumer Price Index (CPI) data by the US Department of Labor.

    Bitcoin breaks $26k amid market reaction to CPI data

    According to data from TradingView, the price of Bitcoin spiked 16% to highs of $26,553 on the cryptocurrency Coinbase. 

    Bitcoin price rallied above $26,000 on Tuesday. Chart courtesy of TradingView

     As noted yesterday, BTC price soared from lows of $20,000 to break above $24,000 – the bullish sentiment buoyed by the US government’s actions in the wake of Silicon Valley Bank’s collapse.

    On-chain data shared by market research platform IntoTheBlock shows Bitcoin faces minimal selling pressure to around $30,000.

    The aggregate market data from CoinGecko showed the total crypto market cap has surged by more than 14% as major altcoins like Ethereum and BNB hit highs of $1,750 and $315 respectively.

    Per the US Department of Labor, CPI rose 0.4% in February and 6% over the last year to align with market expectations. Notably, the data showed US inflation had increased at its slowest pace since September 2021. The core CPI, which strikes off the more volatile food and energy items, increased by 5.5% to also fall within expectations.

    Stocks also opened higher on Tuesday, with the S&P 500 up 1.5% as investors turned attention to the Federal Reserve and its interest rates path. Market analyst Carl Quantanilla points out this scenario.

    The Dow Jones Industrial Average had added 320 points, or 1%, while the Nasdaq Composite was up 1.7% at 9:50 am ET.

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  • Crypto VC exec on bulls’ case

    Crypto VC exec on bulls’ case

    • Chris Burniske says Ethereum could outperform Bitcoin in March due to the Shanghai upgrade.
    • Burniske is a partner at crypto-focused VC Placeholder and formerly of ARK Invest (crypto division).
    • According to the investor, pullbacks are likely to remain “within current uptrend.”

    Chris Burniske, partner at venture capital firm Placeholder and former head of crypto ARK Invest, is bullish on crypto going into March.

    The investor believes the recent flip in sentiment has not resulted in deeper rot for major cryptocurrencies, despite the weakness seen across stocks amid investor anxiety over interest rates.

    In a tweet posted this weekend, Burniske said the outlook is mostly bullish as recent pullbacks have been largely mild.

    “From where I sit, I’m surprised crypto hasn’t pulled back more given weakness in equities and upward repricing in rates — bullish,” he noted.

    Ex-ARK Invest head of crypto shares Ethereum and Bitcoin price predictions

    Bitcoin and Ethereum have both retreated from year-to-date highs, from above $25k and $1.7k respectively. 

    As noted above, the leading digital assets by market capitalization have given up the recent gains amid continued jitters over US inflation data. Buy-side volume has also tanked on shifting sentiment around the regulatory environment in the United States returned sell-off pressure across the markets.  

    But while Bitcoin has retraced to support around $23,000 and Ethereum continues to hover around $1,600, the crypto bull says any further losses in the short term are likely to be “within the current uptrend.”

    “To those saying some version of “just wait,” sure we could pull back a bit more, but calls for new lows anytime soon are silly. Pullbacks are consolidation within the current uptrend, imo,” the investor added.

    In terms of price prediction for the top two coins, Burniske thinks Ethereum will outperform Bitcoin in March. According to him, ETH is likely to gain fresh momentum from the highly anticipated Shanghai upgrade, which is expected to drive staking flows. 

    The outlook is supported by on-chain data, which shows new value sent to the ETH 2.0 deposit contract continues to rise. 

    Crypto analytics firm Santiment recently shared a chart showing that the number of newly staked coins rose a 5-month high count earlier this week.

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