As the ongoing US-Iran conflict drives Brent crude oil prices sharply higher, BitMEX co-founder and crypto billionaire Arthur Hayes expects a money printing bailout by the US Federal Reserve. Will this trigger a Bitcoin rally? Arthur Hayes Says US-Iran War Could Trigger Fed Money Printing The US-Iran war has sent crude oil prices higher by
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]]>Shiba Inu Price Prediction: SHIB Chart Printing Bull Flag, But Can It Keep Up With Remittix’s 450% Gains CoinCentral
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Ethereum’s price action in the past seven days has led to the creation of a capitulation candle that might send it on another surge within the next eight to twelve weeks. This capitulation candle caught the attention of crypto analyst Ted Pillows, who noted an interesting repeating capitulation pattern for Ethereum.
According to technical analysis by Ted Pillows, Ethereum has printed a capitulation candle in early 2025, just as it did in the first quarter of 2024 and the third quarter of 2023.
Capitulation Candles And Ethereum Historical Patterns
TedPillows’ analysis highlights that the Ethereum price has undergone three major capitulation events in the past two years, all of which led to substantial price rebounds. Particularly, these capitulations have taken place in the weekly candlestick timeframe, where the Ethereum price witnessed intense selling pressure throughout the week. However, historical price playout shows that these capitulations have often marked the bottom before a massive price rally.
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The first of such capitulations occurred in Q1 2024 and eventually led to a 100% rally over the next three months, with the Ethereum price reaching $3,950. The second capitulation took place in Q3 2024, leading to a similar upswing. With Ethereum now experiencing another capitulation moment in early 2025, the analyst suggests that the pattern is set to repeat. He believes that Ethereum is once again forming a market bottom, setting the stage for an aggressive upward move.
Ethereum’s 100% Price Surge And Potential Peak
If Ethereum follows its previous trajectory, the next eight to twelve weeks could bring a significant price increase, even as the leading altcoin currently struggles around $2,700. A 90%-100% pump after the recent capitulation would push the Ethereum price past key resistance levels and above its current all-time high.
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TedPillows’ analysis suggests that Ethereum’s ultimate price target following this capitulation could reach as high as $8,000. However, it is likely to encounter significant resistance near $3,950, a level that has historically triggered rejections in past capitulation cycles. Should Ethereum struggle to break through this barrier again, a temporary pullback could be on the horizon before any sustained move higher.
Meanwhile, Spot Ethereum ETFs are attracting heavy inflows despite Ethereum’s price downturn. Institutional investors appear to be capitalizing on the dip and increasing their ETH holdings in anticipation of a broader market rebound.
Spot Ethereum ETFs have recorded $513.8 million in inflows in the last six trading days, with BlackRock leading the charge by acquiring $424.1 million worth of ETH. This steady accumulation from institutional holders suggests growing confidence in Ethereum’s long-term potential and could lay the foundation for the projected 100% surge in the next eight to twelve months.
At the time of writing, Ethereum is trading at $2,725, down by 4% in the past 24 hours.
Featured image from Unsplash, chart from Tradingview.com
Analyst Sees Avalanche (AVAX) Printing Bullish Technical Pattern, Updates Outlook on Polkadot and Dogecoin The Daily Hodl
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In the intricate landscape of cryptocurrency, one chart emerges as a beacon of hope for Bitcoin and its contemporaries. With the resurgence of the US money supply, investors find themselves at a crucial juncture. As the printing presses churn out fiat currency at an accelerated pace, the specter of dollar devaluation looms ominously.
Analyzing the Impact of US Money Supply on Bitcoin’s Price
The resurgence in the US M2 Money Supply presents a bullish outlook for Bitcoin. A rising M2 Money Supply traditionally correlates with a weaker US Dollar, which subsequently incentivizes greater diversification into Bitcoin, ultimately driving its price higher. Examining data from the Federal Reserve Board of Governors reveals a noteworthy trend.
The peak of the M2 money supply reached $21.722 Billion in April 2022, gradually tapering to $20.841 Billion by March 2024. Although this decline may seem modest, amounting to $881 billion or 4.06% over approximately two years, it marks the first such decline of at least 2% since the Great Depression.
Considering Bitcoin’s reaction to previous increases in the M2 money supply, historical data suggests a bullish outlook for the cryptocurrency. The correlation between M2 expansion and Bitcoin’s bull market reinforces the narrative that Bitcoin may be poised for another significant uptrend.
Also Read: Tron Founder Justin Sun Bags 2M Tokens From EigenLayer Airdrop
Bitcoin’s Price Trends and Market Analysis
Bitcoin’s price movements indicate a period of consolidation within a broad descending channel. Recent market activity has seen the price being tested against the $60,000 level once again. A breach of this level could potentially lead to the breakdown of the descending channel, triggering a substantial decline towards the $52,000 support zone. The open interest of Bitcoin is at +0.58% in the past 24 hours currently valued at $16.3 Billion.
The Relative Strength Index (RSI) however shows a bullish sentiment, with values above 50% signaling momentum in favor of buyers. With $60,000 broken, the market would experience further upside pressure. As Bitcoin struggles to sustain its upward trajectory and achieve new highs, bears have seized the opportunity to drive prices lower but clearly not for so long. The current market sentiment suggests a cautious approach, with investors closely monitoring key support and resistance levels for potential trading opportunities.
Bitcoin (BTC) Price Update
Bitcoin’s current price stands at $61,242.09, with a 24-hour trading volume of $21.1 billion. Over the past 24 hours, the cryptocurrency has experienced a surge of o.88%. Bitcoin is currently trading within a range of $61,081.39 and $60,565.44, with a market capitalization of $1.1 trillion.
Also Read: Smart Money Flocks To PEPE & These Major Cryptos, A Recovery Ahead?
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Shiba Inu Soars 12% With SHIB Burns Printing 4-Digit Rise: Details U.Today
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US Bank Run: The banking stocks slid on the FOMC interest rate decision day as the Federal Reserve kept the fund rate unchanged at a 23-year high of 5.25%-5.5%. Despite turning down the possibility of any rate hike, Chairman Jerome Powell stated that the central bank is not ready to reduce interest rates in March.
The selling pressure on U.S. bank stocks increased after New York Community Bancorp’s (NYCB) stock tumbled 38% to close at $6.47 after it cut its dividend and posted a loss, reigniting fears of a banking crisis. CEO Thomas Cangemi said the bank holding company New York Community Bank is adjusting to the demands of being a large bank after it acquired assets and liabilities from Signature Bank.
The KBW Regional Banking Index fell 6% to $101.99, the largest one-day drop since last year’s banking crisis due to bank runs in multiple banks including Silicon Valley Bank.
With the Fed having no plans to cut interest rates and Bank Term Funding Program bailouts (BTFP) ending in March, a bank run is likely to return to the U.S. banking industry. Small banks are still feeling the pain.
Billionaire Arthur Hayes Says Money Printing Is Back
Fed Chair Jerome Powell and Treasury Secretary Janet Yellen will announce a money printing soon. New York Community Bancorp’s surprise loss driven by loan loss reserves rose 10 times vs expectations.
Moreover, 10-year and 2-year US Treasury yields plunged after the FOMC, signaling the market expects some bank bailout funds to fix the bank losses. US 10-year Treasury (US10Y) returns under the 4% mark to 3.946% on Thursday.
BitMEX co-founder Arthur Hayes says BTFP and discount window won’t help as “CRE and multi-family residential loans are not eligible collateral.”
He expects Bitcoin to be volatile, but if NYCB and other banks’ stock prices continue to plunge a new bailout could come soon. Bitcoin price will rally similar to March 2023 price action.
The Fed and Treasury Department are more likely to adjust to rate cuts coming in May and June FOMC meetings. BlackRock and other banks anticipate Fed rate cuts in June as recent PCE inflation, jobs, and retail sales data show the resiliency of the US economy.
Arthur Hayes remains bullish on Bitcoin long-term price of $1 million amid the banking crisis and Bitcoin halving. He is “just waiting with my trigger finger on the buy button for a few shitcoins on my radar.”
What did the Fed and Treasury do last time US property prices plunged and bankrupted banks globally?
Money Printer Go Brrrr$BTC = $1mm
Yachtzee
pic.twitter.com/adgkkNT2Az
— Arthur Hayes (@CryptoHayes) February 1, 2024
BTC price fell 2% in the past 24 hours, with the price currently trading at $42,138. The 24-hour low and high are $41,879 and $43,717, respectively. Furthermore, the trading volume has increased by 15% in the last 24 hours, indicating a rise in interest among traders.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
‘They’re Printing Trillions’—Crypto Now Braced For A $20 Trillion ‘Black Swan’ After Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon And Solana Price Boom Forbes
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Charles Hoskinson dismissed the notion that crypto triggered the banking crisis — turning the claim on its head and stating that digital assets are the “escape valve.”
Recent weeks have seen several banking collapses and regulatory seizures. A general account of the problem stems from illiquidity and overvalued assets on balance sheets.
When tied with a run on deposits — as set off by a lack of confidence — institutions are forced to realize losses on the overvalued assets to pay withdrawals, eroding their balance sheets.
On March 12, the Fed announced emergency measures to counter the problem. The Bank Term Funding Program (BTFP) will provide financial institutions with additional liquidity via loans to the par value of assets held.
While the action may have calmed fears of an imminent banking collapse among the general public to some extent, Hoskinson alluded to the inevitability of banks going under eventually.
“Things that seem permanent and stable, they change quickly, and it’s something that people don’t want to admit, but then after the fact they say that was obvious.”
Cryptocurrencies are the “escape valve”
Sharing insights on his latest live stream, Hoskinson spoke prophetically about legacy finance — saying that the current issues witnessed were always expected as the banking system is a Ponzi.
“You have this business where you take other people’s money; they use that to multiply and create money out of thin air”
Adding insult to injury, when the banking model fails, the losses are socialized, and society is expected to shoulder these losses collectively, Hoskinson said.
Not letting up, he pointed out that this system had eroded the dollar’s value by 95% over the last 100 years, forced a doubling of the money supply in the previous three years, and been responsible for “evil, reprehensible behavior.”
With that, the Input Output (IO) CEO said crypto is the “escape valve” to this system as it provides an alternative to its insidious practices.
“The escape valve has been cryptocurrencies. It gives us the ability to go into the digital space and take money to the next level, put people back in charge, embrace full reserve.”
Crypto caused this problem
Despite the crisis being derived from systemic, unsustainable ‘Ponzinomics’, there is a growing narrative that crypto was to blame.
Hoskinson responded to this by discarding the idea that crypto is to blame. Instead, he pointed to money printing and fractional reserve banking — both of which are needed to sustain and manage the money system.
Continuing further, the IO CEO proceeded to name additional factors in rampant corruption, nepotism, the U.S. warfare culture, and the mishandling of the health crisis — none of which are related to digital assets.
Summarizing his argument — “the powers that be” are looking for a scapegoat, but crypto is the solution, not the problem, Hoskinson said.
- Shiba Inu price is nearly set to close out its worst week of 2022.
- SHIB price is seeing cash drains as investors are turning away again from the asset class.
- It remains to be seen if the weekend can bring a turnaround, as the incurred losses are too big to make up for in two trading days.
Shiba Ina (SHIB) price has received a very firm rejection that has triggered a very deep drop to the downside. As the psychological level at $0.00001000 got broken, the move accelerated even more during the week. Although still some distance, traders must be aware that $0.00000507 could be in the cards and possibly print a new multi-year low in its existence in the coming weeks.
SHIB price is a long way from home
Shiba Inu price is set to print one of the worst performances in its history as cryptocurrencies get degraded again. After the LUNA stablecoin debacle from before the summer, traders got a reliving of that situation with the sudden default of FTX. While the crypto asset class was still trembling on its foundation, a big crypto broker called Genesis halted repayments and withdrawals in the aftermath.
SHIB is thus not in a good spot as its overall label has some negative feelings and connotations. The dust will need to settle, although should some more casualties fall in the wake of the FTX meltdown, for SHIB traders, this is to be the last drop. Shiba Inu price would tank another lower and hit that $0.00000507 before testing and printing new lows.
SHIB/USD weekly chart
In case the dust settles into next week and the coming weeks as the contagion of FTX is contained, expect then, slowly but surely, some more bullish buying coming. That would make sense seeing the Relative Strength Index (RSI) is trading very near the oversold level and is primed for a bounce higher. That could mean that Shiba Inu price can jump above the monthly S1 support level and reside near $0.00001000 before climbing higher on the back of additional tailwinds.
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