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Myriad Moves: Predictors Turn Bullish on Bitcoin Rebounding to $100K
Yahoo Finance· 2025-11-28 17:56
Market Overview - Bitcoin has increased by 7.4% over the past week, reaching $91,000, but remains nearly 28% below its all-time high from August [1] - Predictors on Myriad are showing a bullish sentiment regarding Bitcoin's next move, with a significant focus on whether it will rise to $100,000 or drop to $69,000 [2] Predictions and Odds - As of Friday morning, predictors are giving a 74% chance for Bitcoin to pump to $100,000, marking a 24% increase in odds since the market's inception [3] - Analysts attribute previous declines to waning institutional interest and uncertainty surrounding Federal Reserve policy, but some believe the market may have reached a point of selling exhaustion [3] Expert Opinions - Tom Lee, Chairman of BitMine Immersion Technologies, suggests that Bitcoin may still achieve a new high before the end of the year, following a reset after significant liquidations [3] - Michael Saylor from Strategy is also optimistic, stating that a price of $150,000 is still possible before January [4] Upcoming Events - The Federal Open Market Committee (FOMC) meeting is scheduled for December 9-10, with predictors indicating an 84% chance of a rate cut, which could serve as a catalyst for Bitcoin's price movement [5]
The Crypto That's Outperforming Bitcoin and Up 35% for the Year
Yahoo Finance· 2025-11-27 15:41
Group 1 - Bitcoin has experienced a decline of 7% this year, while Hyperliquid has increased by 35%, positioning itself among the top 12 cryptocurrencies by market cap [1][6] - Hyperliquid is being compared to Solana due to its rapid growth and high transaction processing speeds, similar to Solana's early years [2] - Since its launch in November 2024, Hyperliquid has surged nearly 1,000%, indicating significant potential for future growth, especially in the cryptocurrency perpetual futures market [3] Group 2 - While Hyperliquid has outperformed Bitcoin in the short term, it remains uncertain whether it can sustain this performance over a longer period, as Bitcoin has consistently ranked among the top cryptocurrencies for 12 years [4][5] - The investment community is cautious about Hyperliquid's long-term viability as a holdable cryptocurrency, despite its impressive early performance [5][6] - Analysts have identified other stocks with potentially higher returns than Hyperliquid, suggesting a need for careful consideration before investing [6][7]
Is Dogecoin a Buy Right Now?
Yahoo Finance· 2025-11-25 20:51
Core Insights - Dogecoin has a market capitalization of $22 billion, making it the ninth-largest cryptocurrency, surpassing notable cryptocurrencies like Cardano, Stellar, Litecoin, and Avalanche [1] - Initially launched in 2013 as a satirical altcoin, Dogecoin has evolved to facilitate peer-to-peer payments and is accepted in some retail environments [2] - Despite its origins in mockery, Dogecoin's developers have introduced real-world utility into its ecosystem [3] Market Dynamics - The price of Dogecoin is influenced by supply and demand, similar to other assets, but its real-world application is limited compared to more mainstream cryptocurrencies [5] - Macro uncertainty and changes in Federal Reserve interest rates can lead to increased buying activity in more widely adopted cryptocurrencies, while Dogecoin may not experience the same demand due to its limited enterprise traction [6] - Dogecoin is characterized by high volatility and unpredictability, making timing crucial for investors [7] Supply Characteristics - Dogecoin has an unlimited supply, with 5 billion new coins added annually, which complicates the potential for sustained price appreciation [8] - Price movements of Dogecoin are more closely tied to investor sentiment and viral narratives on social media rather than macroeconomic indicators [9]
ICP Clears Key Technical Barrier as Breakout Volume Confirms Upward Momentum
Yahoo Finance· 2025-11-25 16:51
Core Insights - ICP has shown a steady advance, rising to $4.1625 after breaking above the $4.20 resistance level, indicating a strong performance supported by a sequence of higher lows and technical analysis [1] Price Movement - The trading volume increased significantly during the breakout, reaching 2.98 million tokens, which is approximately 45% above the short-term average, and the price peaked at $4.31, showcasing a $0.38 intraday range and about 9% volatility [2] - A brief retracement occurred from $4.144 to $4.046, creating a descending structure, but ICP maintained its broader uptrend, holding the ascending pattern established from the $3.93 low [3] Technical Analysis - The $4.00–$4.04 zone has been retained as support, preserving a bullish bias for ICP, while the $4.09–$4.10 range is identified as the first resistance to overcome in any renewed attempt to break out above $4.20 [4]
Tether Bought 26 Tonnes of Gold in Q3 — Reserves Now Rival Central Banks
Yahoo Finance· 2025-11-25 15:33
Core Insights - Tether has become one of the largest gold buyers, acquiring 26 metric tonnes in Q3 2025, surpassing all central banks during the same period [2][4] - Tether's total gold reserves have reached approximately 116 tonnes, positioning it among the top 30 gold-holding entities globally, ahead of countries like Greece, Qatar, and Australia [2][5] Group 1: Gold Acquisition - Tether's gold purchases have significantly increased, with 26 tonnes acquired in Q3 2025 [2][4] - The firm's gold reserves now rival those of a mid-sized central bank, indicating a strategic shift towards precious metals [1][2] Group 2: Gold Reserves Composition - Tether's reported gold reserves include assets backing its tokenized gold product, XAUT, which has a market capitalization of around $1.6 billion, accounting for less than 12 tonnes of bullion [3][5] - Precious metals constitute approximately 7% of Tether's stablecoin reserves, highlighting the importance of gold in its asset allocation strategy [3] Group 3: Investment Strategy - CEO Paolo Ardoino has expressed a commitment to investing in safe assets, including Bitcoin, gold, and land, amidst global uncertainties [4] - Tether has also invested $100 million in mining royalties, specifically in Elemental Altus, diversifying its investment portfolio beyond physical gold [4]
Could Shiba Inu Reach $1 in 2026? The Answer Will Blow Your Mind
Yahoo Finance· 2025-11-25 09:13
Core Insights - Shiba Inu cryptocurrency was launched in 2020 by an anonymous developer, Ryoshi, aiming to capitalize on the success of Dogecoin [1] - An investment of $3 in Shiba Inu at the beginning of 2021 would have yielded a return of 45,278,000% by the end of that year, turning it into over $1 million, but the token subsequently lost more than 90% of its value by mid-2022 [2] - Currently, Shiba Inu trades at approximately $0.000008, requiring a 12,500,000% increase to reach the $1 target set by its supporters [3] Market Dynamics - Shiba Inu lacks a unique use case compared to other cryptocurrencies like XRP and Bitcoin, which limits its organic demand and price appreciation potential [5][6] - The extreme volatility of Shiba Inu makes it unsuitable as a payment mechanism, as holders face significant risk of loss [6] - Despite attempts to create demand through initiatives like the Shiba Inu metaverse, these efforts have had minimal impact on the token's price [7] Supply Constraints - The total supply of Shiba Inu tokens is 589.2 trillion, leading to a market capitalization of $4.8 billion at the current price [10] - A hypothetical price of $1 per token would result in a market cap of $589.2 trillion, an amount that is not justifiable by any level of demand or adoption [10]
Pi Coin Price Rise May Slow Down As Investors’ Bullishness Saturates
Yahoo Finance· 2025-11-22 15:52
Core Insights - Pi Coin has experienced a recent upward momentum but is now facing a 5% pullback, indicating potential short-term resistance and saturation in buying activity [1] - The Chaikin Money Flow (CMF) has begun to decline after reaching 0.15, suggesting weakening capital inflows, with historical patterns indicating that movements above this level often lead to price reversals [2][3] - Despite the bearish sentiment, the Relative Strength Index (RSI) remains above the neutral line, indicating underlying resilience and sustained buying interest [6] Price Analysis - Pi Coin is currently trading at $0.241, just below the $0.246 resistance level, with a recent 5% drop reflecting short-term bearish pressure [8] - If buying strength continues to fade, Pi Coin may slip below the $0.234 support level or remain range-bound between $0.234 and $0.246 [8][9] - A rise in capital inflows could enable Pi Coin to break above the $0.246 resistance, potentially pushing the price to $0.250 and $0.260, which would restore short-term bullish momentum [10]
Could XRP Help You Retire a Millionaire?
Yahoo Finance· 2025-11-21 19:21
Core Insights - XRP has historically traded below $1 for much of its existence, with a current price of $2, but it has the potential for significant returns if risks are taken [1][6] - The cryptocurrency experienced a dramatic price spike of 580% from $0.50 to $3.39 in late 2024 to early 2025, driven by favorable political conditions [4][6] - XRP's price behavior suggests it is more suited for short-term speculation rather than long-term investment [6] Historical Performance - XRP's price remained relatively stable until early 2017, when it reached an all-time high of $3.84 in January 2018, followed by a collapse [3] - After another rally in 2020-2021, XRP traded mostly below $1 until late 2024 [3] Investment Potential - Assuming XRP can double in value annually, an investment of $2 today could potentially grow to $1 million in 19 years [5] - The explosive price behavior of XRP aligns with the characteristics sought after in speculative investments [4][6]
3 Altcoins About to Absolutely Demolish Dogecoin
Yahoo Finance· 2025-11-21 09:17
Core Insights - Dogecoin, initially launched as a joke in late 2013, has become the ninth-largest cryptocurrency with a market cap exceeding $24 billion, despite lacking real-world utility [1] - The token has experienced significant volatility, currently down approximately 49% year-to-date, even amidst favorable conditions in the broader cryptocurrency sector [2] - There are alternative cryptocurrencies, such as Cardano and Avalanche, that are considered more promising for investment compared to Dogecoin [3] Cryptocurrency Market Overview - Dogecoin's popularity has persisted for over a decade, but it continues to lack practical applications in the real world [9] - The cryptocurrency market remains highly volatile, with Dogecoin's performance being notably poor this year [9] Alternative Cryptocurrencies - Cardano, the 10th largest cryptocurrency with a market cap of around $18.2 billion, operates on a proof-of-stake consensus mechanism, allowing for smart contract functionality and decentralized application development [6] - Cardano's Layer-2 solution, Hydra, enhances scalability by processing transactions off the main network, potentially enabling it to handle tens or hundreds of thousands of transactions per second [7] - Avalanche, ranked 21st by market capitalization, also utilizes a proof-of-stake mechanism and features three distinct blockchains for various functions [8]
Aster Price Dips 8% But This Secret Ingredient Is Keeping Its Uptrend Alive
Yahoo Finance· 2025-11-21 09:00
Core Insights - Aster has experienced an 8% decline in the past 24 hours but maintains a broader uptrend that has persisted for nearly three weeks [1] - The negative correlation with Bitcoin, currently at -0.58, allows Aster to rise even as the broader market weakens [2][3] - Macro momentum indicators, such as the Chaikin Money Flow, show increasing capital inflows, indicating renewed investor confidence [5] Price Dynamics - Aster is currently trading at $1.25, above the key support level of $1.20 and just below the resistance at $1.28 [7] - The altcoin's uptrend is expected to continue, with potential price targets of $1.39 and $1.50 if bullish conditions persist [8] - A potential profit-taking scenario could lead to a loss of the $1.20 support, with a breakdown possibly pushing the price down to $1.07 [9]