Prediction
Bitcoin price dives pre-FOMC amid warning $17.6K low was not the bottom
Bitcoin (BTC) dropped to weekly lows at the Aug. 17 Wall Street open as upcoming Federal Reserve comments unsettled risk assets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar climbs as Fed minutes due Data from Cointelegraph Markets Pro and TradingView tracked a more than 2% daily decline in BTC/USD, which hit $23,325 on Bitstamp. Already showing signs of weakness, the pair slid further as United States equities began trading, hours before the Federal Open Markets Committee (FOMC) was due to release minutes from its latest meeting. While not involving a decision on interest rates, the meeting was cued to give an insight into the Fed’s thinking in terms of the next rate tweak due in September. “The important event tonight with the FOMC minutes, through which information...
Bitcoin ‘death cross’ data hints 43% drop due in BTC price bear market
Bitcoin (BTC) may fall more than 40% from last week’s bottom, new data warns as one analyst confronts what he says is now a bear market. In a series of tweets on May 20, popular trader and analyst Rekt Capital argued that BTC/USD should dive to near $20,000 to conform to historical norms. Death cross BTC price target now $22,700 Much debate has surrounded the so-called “death cross” constructions on the Bitcoin chart. These involve the declining 50-period moving average (50MA) crossing under the 200MA. Often in the past, such an event has triggered considerable price downside, this then going on to mark what Rekt Capital calls “generational bottoms.” “More often than not, the depth of a $BTC correction pre-Death Cross is similar to retrace depth post-Dea...
ETH to hit $20 trillion market cap by 2030: Ark Invest
A new report from Cathy Woods’ ARK Invest forecasts Ethereum (ETH) will meet or even exceed a $20 trillion market cap within the next 10 years, which would equate to a price around $170,000 to $180,000 per ETH. The report also predicted big things for Bitcoin (BTC), saying it is “likely to scale as nation-states adopt (it) as legal tender… the price of one bitcoin could exceed $1 million by 2030.” ARK Invest is a tech focused American asset management firm based in the United States with $12.43 billion AUM. #BigIdeas2022 Report is here! To enlighten investors on the impact of breakthrough technologies we began publishing Big Ideas in 2017. This annual research report seeks to highlight our most provocative research conclusions for the year. Download! https://t.co/QvUbuqVpIL — ARK Invest (@...
Minister: Nigeria’s earlier break-up prediction failed, others will
Information minister Lai Mohammed says a prediction that Nigeria would break up in 2015 did not materialise, asserting that current predictions by individuals and organisations will also fail. A former U.S. ambassador to Nigeria, John Campbell, and one other expert had suggested that Nigeria had become a failed state calling on the U.S. government to step to salvage the country from total collapse. Mr Mohammed stated, “This declaration is merely the opinions of two persons, former U.S. Ambassador to Nigeria and a Senior Fellow at the Council on Foreign Relations John Campbell, and the President Emeritus of World Peace Foundation, Robert Rotberg. “Declaring any nation a failed state is not done at the whims and caprices of one or two persons, no matter their status. Just because Nigeria is ...
FCTA spent N29 billion on coronavirus during lockdown – minister
The Senate has been told that the Federal Capital Territory Administration, FCTA spent a total sum of N28.5billion on some activities within the Federal Capital Territory, FCT during the outbreak of the Coronavirus COVID-19 pandemic, especially during the lockdown. Speaking yesterday in Abuja when he presented the revised 2020 budget before the Senator Abubakar Kyari, All Progressives Congress, APC, Borno North led Senate Committee on FCT, Minister of the FCT, Mallam Mohammed Musa Bello explained to the Committee that the fund was spent on provision of security services, provision of palliatives for indigent residents, as well as assisting neighbouring States who were distressed. According to him, the FCT health facility supported residents from States where the level of government assista...
