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A widely followed cryptocurrency analyst believes Bitcoin (BTC), Ethereum (ETH) and altcoins bulls are being set up for a massive trap. The analyst and trader pseudonymously known as Capo tells his 938,800 followers on the social media platform X that the crypto market looks primed to go up to potentially form a bull trap. A bull trap is a false signal that indicates that the bearish trend is over but then the price abruptly reverses course and witnesses a deeper drawdown. According to the pseudonymous analyst, Bitcoin, Ethereum and altcoins could rally by between 10% and 50% from current levels before a rapid price reversal. “Bitcoin to $100,000 with a quick pump, Ethereum to $3,000, altcoins 10% to 50% up – bull trap soon.” Bitcoin is trading at $89,290 at time of writing while Ethereum is worth $2,205. Capo says the bull trap would lead to Bitcoin, Ethereum and altcoins correcting by double-digit percentage points, potentially triggered by a black swan even...

Shiba Inu started 2025 on the back foot and is attracting bearish sentiments in the charts. It had surged around 180% last year when Trump reclaimed the White House in November. SHIB had reached a high of $0.00003284 in December last year but faced a price reversal thereon. Also Read: Shiba Inu: SHIB Valentine’s Day Price Prediction Source: Coingecko Its price fell from $0.00003284 to $0.00001597 in just two months wiping away investors’ money in a jiffy. In the last two months, Shiba Inu had little to no price spurts despite Bitcoin hovering around the $96,000 to $100,000 mark. The broader cryptocurrency market has overall remained on the front foot this year except for SHIB. Also Read: Bitcoin: Goldman Sachs Increases BTC ETF Holdings By 121% Shiba Inu: A 25% Decline This Year Source: Watcher Guru Shiba Inu has declined 25% year-to-date with investors taking heavy losses since January. Traders who took an entry position this year are all facing massive losses in 2025. The buying...

Through growing geopolitical tensions, there is no shortage of reasons to be concerned in the financial sector. Yet, that concern may already be spreading to the cryptocurrency market, as tokens have failed to gain notable ground. However, one interesting development has seen a Shiba Inu whale move $53 million in SHIB amid a price reversal; but why? The token has just announced a monumental partnership with the United Arab Emirates (UAE) ministry of energy. Not only that, but the asset has finally reversed an ongoing downtrend that saw the asset fall to $0.000015. The questions are, can it truly institute a reversal, and is there a reason why one large holder moved 3 trillion SHIB tokens? Source: CNBC Also Read: Shiba Inu: What Is SHIB’s Price If Its Market Cap Equaled XRP’s? Shiba Inu Whale Offloads $53M in SHIB as Price Reverses 22% Decline To this point, February has already proved to be an interesting month for Shiba Inu. The toke unveiled a massive partnership with the UAE governm...

Gold is among the top-performing assets in the commodity markets, printing new all-time highs every month in 2024. The precious metal has soared close to 32% year-to-date and is still attracting bullish sentiments in the indices. The XAU/USD chart, which tracks the performance of gold, shows the metal hovering around the $2,726 price range. It is up nearly 11 points in the day’s trade and has surged by 0.40%. Also Read: Foreign Investments in the Chinese Yuan Reach $640 Billion Gold hits most overbought level since August 2019 pic.twitter.com/3m0j0Gl9zw — Barchart (@Barchart) October 23, 2024 While gold is the most sought-after asset in the commodity market, its accumulation has pushed it into ‘overbought’ territory. This comes with risk, as a major price dip could be on the cards. Recent data published by Barchart shows that gold is the most overbought asset in five years. Also Read: US Dollar Fights for Survival as De-Dollarization Advances Globally Should You...