Markus Thielen News

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

10X Research CEO Markus Thielen warns that buying the dip on Bitcoin is “too risky” post-crash. Meanwhile, other analysts point towards signs of stabilization.

A new report from crypto research company 10X Research on July 21 suggested that Gary Gensler’s time as Chair of the U.S. Securities and Exchange Commission (SEC) could be coming to an end as early as next year, should current U.S. President Joe Biden’s exit from the 2024 presidential race lead to a change in administration.

10x Research Head Researcher Markus Thielen, the analyst who predicted the pre-halving Bitcoin all-time high, cited a June CPI reading of ‘3.3% or lower’ on May 30 as critical for a new all-time high.

Bitcoin’s price is poised to surge to new ATHs if it can successfully surpass the critical $67,500 level, which is currently acting as a significant resistance point.

In April 2024, Bitcoin faced its sharpest price drop since the FTX collapse, with halving charts in focus, but network activity soared to record highs, driven by new protocols and ETF developments. This report explores and analyzes Bitcoin’s ecosystem and the BTC price developments last month.

Bitwise Asset Management has issued a word of caution ahead of Bitcoin’s highly anticipated halving, which is set to occur on April 20. 

10x Research Founder Markus Thielen who predicted Bitcoin’s recent pre-halving rally to all-time highs has turned bearish on risk assets such as technology stocks and cryptocurrencies.

A notable outflow of Bitcoin from miners could be on the horizon in the months following the upcoming halving event.

As Bitcoin (BTC) eyes a retest of its 2024 highs following a 3.5% push higher on Monday back to the $72,000 area, crypto investors are anticipating that the crypto market might be about to heat back up once again and are hunting for the best crypto to buy now.

Bitcoin rallied to a two-year high on Monday, breaking above $68,000 as a wave of money carried it within striking distance of record levels. The price hit a session high of $68,580 and was last at $68,161. Bitcoin hit a record $68,999.99 in November 2021.

Bitcoin rallied to a two-year high on Monday, breaking above $65,000 as a wave of money carried it within striking distance of record levels. The price hit a session high of $65,537 early in Europe, having already hit a new two-year high in Asian trading. It was last up 4% at $65,045. Bitcoin hit a record $68,999.99 in November 2021.

Bitcoin rallied to a two-year high on Monday, breaking above US$65,000 as a wave of money carried it within striking distance of record levels.

SINGAPORE (Reuters) — Bitcoin scaled a two-year high on Monday, breaking $64,000 as a wave of money carried it within striking distance of record levels.

The Bitcoin price topped $48,000 briefly on Friday for the first time since the first day following spot Bitcoin ETF launches on the 11th of January, and was last up close to 5.0% on the day.

Bitcoin (BTC) rose above $46,000 on Friday, hitting its highest level in a month.

The crypto market experienced whiplash this week, with Bitcoin and related crypto stocks seeing a sharp selloff followed by a big rebound. After falling below $39,000 early in the week, bitcoin popped back above $42,000 on Friday, lifting crypto-focused stocks with it.

Crypto tycoon and Matrixport co-founder Jihan Wu addressed concerns surrounding the company’s report predicting the rejection of spot Bitcoin ETF applications by the U.S. Securities and Exchange Commission (SEC).

Bitcoin soared to its highest price so far this year, as investors took on more risk ahead of comments from Federal Reserve Chair Jerome Powell which could give guidance on whether the US is closer to lowering interest rates. The world’s largest cryptocurrency rallied as much as 2.87% to a high of $38,834 on Friday. Prices of other digital assets tracked by Bloomberg, such as Ether and Solana, were also up more than 2%. Bitcoin’s jump constitutes the token’s highest value since May 5 last year, just before the collapse of the TerraUSD stablecoin ecosystem rocked the sector and began a steady decline in asset prices. European stocks also advanced and the dollar fell, with Powell set to speak at Spelman College in Atlanta later on Friday. US futures edged higher while Treasuries were steady, as investors tried to gauge whether November gains across asset classes still have further to run. “The macro environment is expected to remain a robust tailwind for crypto,” said Markus Thielen, head of research and strategy at Matrixport, in a note on Friday. “Another decline in inflation is anticipated, prompting the Federal Reserve to likely initiate interest rate cuts. Combined with geopolitical crosscurrents, this healthy dose of monetary support should push Bitcoin to new highs in 2024.”