Share to Twitter Share to Linkedin I’ve been drawing this and similar charts for months now: I actually think this will come to rest around $15,000 and $20,000 but the bottom could be around and even below $10,000. Bear in mind the low, however horrible it will look on the chart, will only last for perhaps minutes while the equilibrium low will be significantly higher. As I write, bitcoin BTC is at $29,300 having earlier hit $25,300 for a few minutes. Although that certainly looks like a capitulation there is almost certainly a lot more to come, because the driver for this mover is the draining of U.S. liquidity by the Fed and therefore a super rampant dollar crushing all currencies before it, including the euro and U.K. pound. Then there are the forced sellers in the Russia/Ukraine conflict to help push the crypto charabanc off the cliff. So unless something turns the corner the above chart still holds as a good road map. This has been … [Read more...] about Bitcoin, Ethereum Price Crash May 2022. What Next?
Ethereum price prediction 2025
‘Revival Plan’ Boosts ‘Essentially Zero’ Luna Price By 1,000% Amid Bitcoin, Ethereum And Crypto Crash
Share to Twitter Share to Linkedin Luna LUNA , the collapsed cryptocurrency that was designed to support the terraUSD (UST UST ) stablecoin, has rocketed higher over the last 24 hours despite falling to near zero this week— a dramatic collapse that shook the wider bitcoin and crypto market . Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the volatile bitcoin and crypto market The luna price, which was trading as high as $100 per luna just last month, crashed to near zero this week—causing the algorithmic stablecoin UST to completely lose its peg to the U.S. dollar—amid a $1 trillion crypto crash that sent the bitcoin price down by over 20%. Now, the chief executive of UST and luna developer Terraform Labs, Do Kwon, has pitched a revival plan that could see ownership in the network distributed across UST and luna holders—causing the luna price to surge over 1,000% as traders bet the … [Read more...] about ‘Revival Plan’ Boosts ‘Essentially Zero’ Luna Price By 1,000% Amid Bitcoin, Ethereum And Crypto Crash
Biden ‘Endorsed’ Fed ‘Shock Therapy’—Why The $1 Trillion Bitcoin, Ethereum And Crypto Price Crash Could Be Just Getting Started
Share to Twitter Share to Linkedin Bitcoin BTC and cryptocurrency prices have been hit by an almighty sell-off this month, wiping around $1 trillion from the crypto market since early April— though Elon Musk surprised some by signaling his continued support . Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the volatile bitcoin and crypto market The bitcoin price has dropped to lows not seen since the pandemic crypto rally began in late 2020 after a perfect storm of Federal Reserve interest rate hikes, the scaling back of its huge $9 trillion balance sheet and a huge $18 billion stablecoin meltdown ( with the collapsed cryptocurrency luna staging a shock rebound this weekend ). Now, one widely-respected analyst has warned the Federal Reserve, "endorsed" by U.S. president Joe Biden, will pursue a program of "shock therapy" in order to drive down demand and "slay" inflation—with the crypto … [Read more...] about Biden ‘Endorsed’ Fed ‘Shock Therapy’—Why The $1 Trillion Bitcoin, Ethereum And Crypto Price Crash Could Be Just Getting Started
Cryptocurrency Prices Today May 10: Bitcoin slumps further, Polkadot biggest loser
Representative image Cryptocurrencies traded in the red early today on May 10. The global crypto market cap is $1.41 trillion, a 9.78 percent decrease over the last day. The total crypto market volume over the last 24 hours is $181.93 billion, which makes a 82.97 percent increase. The total volume in DeFi is currently $20.85 billion, 11.46 percent of the total crypto market 24-hour volume. The volume of all stable coins is now $163.00 billion, which is 89.60 percent of the total crypto market 24-hour volume. Bitcoin's price is currently Rs 25.44 lakh, with a dominance of 41.79 percent. This was a 0.34 percent increase over the day, according to data from CoinMarketCap. Bitcoin , the world’s biggest cryptocurrency, has tumbled 28 percent this year so far. As per analysts and watchers, the Russia-Ukraine war and changing economic policies impacted the cryptocurrency market as investors flee to more stable havens. Bitcoin hit an all-time high of $67,549.74 on … [Read more...] about Cryptocurrency Prices Today May 10: Bitcoin slumps further, Polkadot biggest loser
The Opportunities And Dangers Of The Most Powerful Startup Pricing Strategy: Free
Share to Twitter Share to Linkedin In a world vastly abundant with examples of free business models - either freemium or ad-supported, understanding the value of the free pricing strategy seems to come very intuitively to most startup founders. That said, behind the surface, there are important factors that need careful consideration when you are building your startup pricing strategy . The zero price tag has strong psychological effects on your clients, and in order to make educated decisions as a founder, you need to understand those effects. Why is A Free Pricing Strategy A Great Opportunity For New Products? In 2007, behavioral economist Dan Ariely, author of the book Predictably Irrational, co-authored a study in which participants were asked to choose between two brands of chocolate - Hershey’s Kiss and a Lindt truffle. The truffle is a premium product that retails for a price multiple times higher than the presented alternative. First, … [Read more...] about The Opportunities And Dangers Of The Most Powerful Startup Pricing Strategy: Free
Cryptos Break Down Below Previous Support, Then Bounce: Bitcoin, Ethereum, XRP
Share to Twitter Share to Linkedin That spot on the price chart where “down” stopped and “up” began, some weeks or months ago, is known to analysts as the support level. Enough investors came in as buyers and reversed the downtrend. When that previous buy zone is violated — more sellers than buyers — it gets noticed by both artificial intelligence and mere humans. That’s what happened this week to the major cryptocurrencies and it’s worth noting because of how much it affects related stocks, such as Coin Base Global and MicroStrategy MSTR . Both hit new 52-week lows. When Coin Base had their initial public offering last May the stock hit 400 — it now trades at 58. Involvement with the cryptos has been a poor choice so far this year. Bitcoin BTC . Here’s the weekly price chart: This week’s drop below 28000 is a problem for Bitcoin as that level found buyers in 2021 and support held there. It’s bounced back above that area but once … [Read more...] about Cryptos Break Down Below Previous Support, Then Bounce: Bitcoin, Ethereum, XRP
Price of EV batteries set to get higher, says S&P Global
- A + A KUALA LUMPUR (May 18): The race to electrify the way we get around is about to get more expensive, said S&P Global Ratings. In a report titled "Battery Suppliers, Automakers To Take Charge As Prices Rise" released on Wednesday (May 18), the agency said the prices of raw materials used in batteries for electric vehicles (EVs) are rising. It said this is reversing a long-term trend for declining battery prices. S&P said battery prices are set to halt their long-running decline and rise in 2022 and remain high in 2023 because of a surge in the cost of raw materials. It said automakers will likely incur higher spending on battery supply chains. However, the rating agency does not view this as credit negative now since it allows them to lift production. "Our rated battery issuers should continue to lead the market and they are taking action to protect profitability. "Despite the cost surge, decarbonisation initiatives will likely drive up EV … [Read more...] about Price of EV batteries set to get higher, says S&P Global
Grayscale Bitcoin And Ethereum Trust Discounts Hit All-Time Lows
Share to Twitter Share to Linkedin Discounts on the two largest cryptocurrency funds hit all-time lows as the digital assets market suffered one of its most volatile weeks. Namely, shares of the Grayscale Bitcoin BTC Trust (GBTC), the world's biggest bitcoin fund with $18.3 billion in assets under management, have been trading at a 30.79% discount against the fund’s net asset value. As a private-placement trust that trades like a stock, GBTC allows investors to get exposure to bitcoin without actually having to buy the asset. The fund’s manager, New York-based Grayscale Investments, takes care of the custody in exchange for an annual management fee of 2%. The company’s other product, the $6 billion Grayscale Ether ETH eum Trust (ETHE), has also seen its discount widen to 34.22% this week. The offering carries a slightly higher fee tag of 2.5%. While the heavy discounts could be seen as a bearish indicator of investor sentiment, they also offer … [Read more...] about Grayscale Bitcoin And Ethereum Trust Discounts Hit All-Time Lows
Connecting operational and survey data to predict churn across industries
If you’ve ever watched customers leave your business or “churn,” you’ve probably felt your ego deflate pretty quickly. The bigger danger of churn, though, is the damage it does to your financial stability and competitive reputation. After all, acquiring a new customer can be five to 25 times more expensive than keeping the ones you’ve got. Predicting which customers are at risk of leaving enables you to target them with good retention strategies. One key to predicting churn accurately across industries is to harvest actionable insights from both operational and survey data. advertisement advertisement HOW COMBINING SURVEY DATA WORKS Companies can bring operational and survey data together by creating a data lake or single source of truth. The data lake aggregates data from across silos and serves as the main location for storing, cleaning, analyzing, and sharing the information. With artificial intelligence and machine learning supporting these … [Read more...] about Connecting operational and survey data to predict churn across industries
Tesla (TSLA) Stock Rises After Analysts Boost Price Targets
Tesla, Inc.'s ( TSLA ) shares reversed course from their recent downward trajectory and rose by 3% on Monday, Jan. 10, after key analysts upped their price targets for the stock. Goldman Sachs analyst Mark Delaney confirmed Tesla as a Top Pick for his firm, and Tesla bull Adam Jonas of Morgan Stanley said that the company was a winner in the electric vehicle (EV) race. Both analysts increased their price targets for Tesla shares. The increase in share price came after a bruising four-day period for the stock during which its price fell from $1,200 to as low as $980. The decline occurred even after Tesla announced record delivery numbers . Key Takeaways Electric carmaker Tesla's stock reversed course and rose yesterday after key analyst revisions to its price targets. Noted Tesla bull Adam Jonas of Morgan Stanley revised his price target to $1,300 from $1,200 and stated that Tesla was winning the EV marathon. Goldman Sachs analyst Mark Delaney rated Tesla stock a Top … [Read more...] about Tesla (TSLA) Stock Rises After Analysts Boost Price Targets