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As Israel announced a state of war with the Palestinian armed organization Hamas, speculation is rife about the potential impact on Bitcoin and the broader altcoin markets. During geopolitical upheavals like wars or military conflicts, market volatility usually spikes. While commodities like oil and gold often see a price rise, investors generally shift away from riskier assets, including stocks and cryptocurrencies. Meanwhile, crypto firms have launched humanitarian aid initiatives for displaced Israelis, echoing similar efforts in Ukraine earlier last year. You might also like: Crypto firms assemble aid fund amid Israeli-Hamas war Short-term volatility predicted by crypto analyst Miles Deutscher, a well-known crypto analyst , recently shared insights on X (formerly Twitter) about the potential impact of the Israel-Palestine conflict on the S&P 500. How will markets react to the Israel conflict? Well, the unpredictable and fast-changing nature of such events make i

Join Our Telegram channel to stay up to date on breaking news coverage Over the past couple of months, the situation has been dire; not only for the cryptocurrency industry but also for the global markets. This has created a state of frenzy among investors, who are unsure of their next move or strategy. Naturally, a variety of factors contribute to the movements of these markets, with government policies being among the top ones. So as crypto prices weaken after Powell’s latest announcement, the search for better and sustainable options seems to have increased within the community.  Since 2021, it has been evident that governments’ approach towards crypto and the blockchain sector in its entirety has been dicey. While an increasing number of projects were introduced last year, most of them are now facing severe financial distress, thanks to many of the policies by the aforementioned parties. An important thing to be noted is that there has been considerable growth, despite all

Join Our Telegram channel to stay up to date on breaking news coverage As October is coming to a close, a lot of cryptocurrencies have started seeing a noticeable price increase. Combine that with some exciting new opportunities, and there are plenty of coins with great potential to consider for investment in these final days of the month. ETH Ethereum is easily the second-most important project that was ever created in the crypto industry — the one that transformed it from a world of digital currency to a world of smart contracts, dApps, DeFi, metaverse, and all other products that people around the world use today. In the last week, the ETH price has surged by 23.27%, and in the last 24 hours alone, ETH has gone up by nearly 6%. Right now, its price is struggling, which started after it reached the height of $1630. After briefly breaching this level and reaching the height of $1,644, the token corrected to $1,618, which is where it sits at the time of writing. Ethereum rec

Join Our Telegram channel to stay up to date on breaking news coverage The eagerly awaited blockchain from ex-Facebook employees had a bumpy start. The much-anticipated blockchain called Aptos, which was created by young geniuses from Silicon Valley, has become this week’s crypto joke. People claimed that the project wasn’t appropriate after its rough (and harshly criticized) premiere on Monday. In its first 24 hours of trading, its token, APT, fell by approximately 50%, and the crypto network, which advertises a maximum transaction count of 100,000, initially only processed four transactions per second. At the time of writing, the project, which had prelaunch private funding rounds valued at $2 billion, has a $959 million market valuation. Do those data points make you cringe or do you laugh? I suppose it depends on how big your bag is. At CoinDesk’s first-ever I.D.E.A.S conference this week, we spoke with a few industry professionals and got the impression that some were ho

Bitcoin has consolidated around the $18, 000 price level since June 2022. Today, it reached above $19,500, making some investors excited at the prospect of it breaking out above $20,000. After setting its all-time high (ATH) of $69,000 in November 2021 and then losing 73% of its value, Bitcoin has found strong support at the $18, 000 price level . It has retested its previous ATH set in 2018 and needs to hold that level if we hope to see higher lows form. Even if Bitcoin breaks above $20,000, it doesn't mean that we can expect it to keep that momentum and go into a short-term bull run, never mind setting a new ATH.                                           Bitcoin Price Chart via TradingView After crashing to $17,000 in June 2022, Bitcoin proved it's one of the best crypto to buy during the dip as it recovered to $24,000. Although it made a slight recovery, Bitcoin proved that it's in a range after quickly retracing to the $18,000 level. It's curre

Cardano price continues to wallow in the murky waters of the crypto winter about a year after posting an impressive show to its all-time of $3.09. If the current retracement at $0.36 carries on, ADA could broadcast a 90% correction from its historical high. However, robust support between $0.30 and $0.35 will likely come in handy and avert a potential seller-only field day. While such a move would be a major setback, it is doubtful that it will happen, especially with ADA having grown to a noticeable cryptocurrency ecosystem compared to August last year when it tagged $3.09. On the bright side, Cardano is closer to its floor price now than ever since the rains started beating the crypto market in November 2021. Furthermore, the extremely oversold conditions the smart contracts token deals with negates the idea of a continued retracement. That said, Cardano price prediction might not be as outlandish as everyone would hope, yet it could certainly make a new all-time

Join Our Telegram channel to stay up to date on breaking news coverage Although the majority of the bear market is already likely behind Bitcoin, it may still see more suffering in the near future. Philip Swift, a well-known on-chain analyst whose data source, LookIntoBitcoin, analyzes several of the most well-known Bitcoin market indicators, has come to various conclusions, including this one. Swift, who co-founded trading platform Decentrader with analyst Filbfilb, thinks that despite the present price pressure, Bitcoin will soon break out of its most recent macro downturn. Swift provided new insights into what the data is showing experts and what traders should pay attention to in a new interview with Cointelegraph. How long will the average hodler need to wait until the tide turns and Bitcoin comes storming back from two-year lows? You’ve pointed out that some on-chain metrics such as HODL Waves and RHODL Ratio are hinting at a BTC bottom. Could you expand on this? Are y

Bitcoin climbed above the $20,000 level on Wednesday but it may not remain there for long as BTC is repeatedly being rejected at these levels. BTC has been hovering between $18K to $20K for close to a month and could repeat the feat in October. Veteran trader Gareth Soloway who’s been in the stock markets for two decades believes Bitcoin’s troubles are yet to begin. Soloway has given out a doomsday price prediction for Bitcoin that could make investors feel the jitters. If Soloway’s Bitcoin price prediction turns true in the future, the crypto markets would be in the worst possible condition ever recorded. The markets could be turned upside down leaving investors high and dry with nowhere to go. Also Read: Shiba Inu: Will Shibarium Burn 100 Trillion Tokens? Shytoshi Responds Bitcoin Doomsday Price Prediction Source: Twitter Financial analyst Gareth Soloway predicted in a recent interview that the worst-case scenario for Bitcoin would be plummeting to $3.500. “Looking at a